Cayman Islands

0 Employees

THIRD-PARTY REVENUES

$0

RELATED-PARTY REVENUES

$704,144

TOTAL REVENUES

$704,144

PROFIT BEFORE TAX

$701,638

TAX PAID

$0

TAX ACCRUED

$0

TANGIBLE ASSETS

$0

STATED CAPITAL

$80,000,313

ACCUMULATED EARNINGS

$(95,442,724)

Main Business Activities

  • Holding investments

Shell has in the Cayman Islands, some of these are in the process of liquidation.

BG Exploration and Production India Ltd. (BGEPIL), has a project office and a office in India involved in oil and gas exploration and production. Shell inherited this entity when it acquired BG Group in 2016. Income earned by BGEPIL. is subject to tax in India. The production-sharing contract ended in December 2019. The investments in the Cayman Islands are carrying out decommissioning activities in India. 

Shell Bolivia Corporation, an entity resident in the Cayman Islands, has investments in Bolivia and is subject to tax there. 

Country Financial Analysis

The Cayman Islands do not apply a corporate income tax system.
The profit stated in the table above refers to interest income, which is not taxed in the Cayman Islands.

Holding company
The principal purpose of this type of company is to hold and manage investments in other companies or joint ventures. Holding companies differ from operating companies, for example they will need less staff but they still have commercial value as a way to manage and administer all the different investments within a group.
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Branch
A branch is an office or business presence in a location other than where the corporate entity is established.
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