company limited by guarantee is a great company structure if you're starting up a not-for-profit organisation.
Here at Quick, we can get you a company limited by guarantee securely registered within hours.
Incorporation must be carried out by a local corporate services provider (“CSP”).
The company must maintain a registered office in Guernsey and complete an annual validation filing in January of each year.
A company limited by guarantee may also be incorporated with a share capital.
In practice the vast majority of companies are incorporated as companies limited by shares.
Accordingly company law forms a much more prominent part of the law of the Cayman Islands than might otherwise be expected.
There are broadly two types of company in the Cayman Islands.
KEY FEATURES Guernsey companies are incorporated under and governed by the Companies (Guernsey) Law, 2008, as amended (the “Companies Law”).A company Limited by Guarantee is ideal for not-for-profit organisations.The company type does not have a share capital, but its members still benefit from limited liability.Key features of Guernsey companies include: INCORPORATION The incorporation process is a straightforward electronic registration.This can be completed in a day (or in as little as 15 minutes for a fast-tracked incorporation), provided that the prerequisite director registration and anti-money laundering formalities have been completed.
The government body responsible for regulating companies limited by guarantee is the Australian Securities and Investments Commission (ASIC).