Cayman Islands Ordinary Non-Resident Companies are governed by the Cayman Islands Companies Law.
An Ordinary Non-Resident Company is prohibited from trading in the Cayman Islands. However, it may enter into contracts in the Cayman Islands, which are necessary to carry on its business outside the Cayman Islands e.g. contracts with service providers etc.
The Financial Secretary will grant a certificate of non-residence only if he is satisfied that the company does not intend to trade in the Cayman Islands.
The name of an Ordinary Non-Resident Company should include the words "Limited" or "LTD".
The Ordinary Non-Resident Company is an alternative to the Exempted Company and used for offshore operations and transactions.
An Ordinary Non-Resident Company can apply to convert to Exempted Company.