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Cayman Islands Structure

Exempted Companies

Pursuant to the Companies Law (2016 Revision) of the Cayman Islands, an Exempted Company must have the following organizational structure:

  1. A Board of Directors only.

Limited Liability Companies

Pursuant to the Limited Liability Companies Law, 2016 of the Cayman Islands, a Limited Liability Company may have one of the following organizational structures:

  1. One or more Managers only.
  2. A majority of Members only.

Please see, respectively, "Board of Directors", "Managers", and “Members" in the left side menu for a more in-depth description of each structure, including how to change the respective board members.

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Walkers has provided all input about changing board members in the Cayman Islands.

Walkers is a leading international law firm. We provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers. Walkers is consistently ranked in the top tier of the leading global legal directories. Recognized for being a 'dynamic team that is very user friendly', a regular comment by clients is that Walkers is the "go-to" firm for offshore legal advice.

For more information about Walkers and changing board members in the Cayman Islands, please use the below contact:

TEL: +1 345 914 4222
EMAIL: Ramesh.Maharaj@walkersglobal.com
WEB: www.walkersglobal.com