The purpose of this memorandum is to provide a summary of the
main legal requirements and general principles applicable to the
formation, registration, operation and winding-up of a Cayman
Islands limited liability company.
This memorandum is intended to provide a general summary of the
position under Cayman Islands law as at the date shown above; it is
not to be taken as specific legal advice applicable to particular
issues or circumstances. Anyone considering establishing an LLC
should contact one of the Ogier partners listed on the last
page.
Introduction
The Limited Liability Companies Law, 2016 of the Cayman Islands
(LLC Law) was enacted in June 2016 and commenced
on 8 July 2016. The LLC Law creates a new hybrid entity, a Cayman
limited liability company (LLC), similar to its
Delaware counterpart. 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
