Cayman LLCs vs Delaware LLCs vs Jersey LLCs – Points Of Distinction

The Limited Liability Companies (Jersey) Law 2018 (Jersey LLC Law) came into force on 01 September 2022, which created a new type of entity, a Jersey limited liability company (Jersey LLC). This follows a similar development in the Cayman Islands, where the Limited Liability Companies Act, 2016 (as amended) of the Cayman Islands (Cayman LLC Act) created the Cayman limited liability company (Cayman LLC). Both Jersey LLCs and Cayman LLCs share many similarities to their Delaware counterparts (Delaware LLC), and both have been set up principally to target the North American market where these concepts are familiar.

Accordingly, both the Jersey LLC Law and the Cayman LLC Act include many concepts and provisions from the Delaware Limited Liability Company Act (the Delaware Act), adapted to accommodate various principles of Jersey and Cayman Islands common law and existing legislation.