How do I start an LLC in Cayman?

Anyone considering establishing an LLC should contact one of the Ogier partners listed on the last page. The Limited Liability Companies Act (Revised) of the Cayman Islands (LLC Act) which came into force in July 2016 created a new hybrid entity, a Cayman limited liability company (LLC), similar to its Delaware counterpart.

Why are smart grids important?

Smart grids are one of the key pillars of the energy transition due to their economic, environmental and social benefits. Their role is even more crucial in the context of electricity distribution, as they are an enabler for the integration of renewable energy on a local scale and promote the electrification of consumption. What are they?

What is a smart grid?

Smart grids are precisely that: intelligent electricity distribution grids. The term smart is used to describe an object (such as a phone, for example) that has become more advanced and innovative, thanks to evolutionary digital technology.

What is a Cayman LLC?

A Cayman LLC is a corporate entity with separate legal personality and limited liability of its members but one which has greater flexibility than a company around its management and organisation and which allocates profits and losses in a manner similar to a partnership.

Can an LLC deregister in the Cayman Islands?

Provided that the LLC Agreement expressly contemplates it, an LLC can apply to deregister in the Cayman Islands and transfer by way of continuation to another jurisdiction as a partnership, body corporate or any other form of entity under the laws of that jurisdiction.

Can an LLC do business outside the Cayman Islands?

a declaration that the LLC shall not undertake business with the public in the Cayman Islands other than so far as may be necessary for the carrying on of the business of that LLC outside the Cayman Islands as contemplated by the LLC Act.