Cayman foundation company: sourced answers
1 answer to specific questions — each with a verbatim quote from an official source and a link to it.
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Legal form in a country
Which statute (act) establishes the legal form
Foundation Companies Act (2025 Revision)
«. PART 2 - BECOMING A FOUNDATION COMPANY 4. Foundation company requirements 4. (1) For a company to be a foundation company, the requirements (the “foundation company requirements”) are that — (a) it is limited by shares or by guarantee, with or without share capital; (b) it has a memorandum that — (i) states the company is a foundation company; Page 6 Revised as at 31st December, 2024 c Foundation Companies Act (2025 Revision) Section 5 (ii) generally or specifically describes its objects (which may, but need not, be beneficial to other persons); (iii) provides, directly or by reference to its articles, for the disposal of any surplus assets the company may have on winding-up; and (iv) prohibits dividends or other distributions of profits or assets to its members or proposed members as such; and (c) it has adopted articles; and (d) its secretary is a qualified person. (2) For subse»
Source: gov.ky · source copy as of 2026-10-03
«S FOUNDATION COMPANIES ACT (2025 Revision) Supplement No. 7 published with Legislation Gazette No. 7 of 30th January, 2025. PUBLISHING DETAILS Revised under the authority o»
Source: gov.ky · source copy as of 2026-10-03
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