In what is likely to be a very popular addition to Cayman’s stable of corporate products, the Limited Liability Company (LLC) has been introduced, in response to strong demand from the US asset management industry for an offshore vehicle more closely aligned with the Delaware LLC.

The new LLC brings together the best elements from the exempted limited company and exempted limited partnership in a flexible hybrid structure, with separate legal personality, but no requirement for share capital. Click here for more on the new Cayman Islands LLC