Cayman Islands: Walkers SPV Limited

Last Updated: 4 August 2008
Article by Madeleine A Cordes and Annmarie Levien

Most Read Contributor in Cayman Islands, September 2018

From offices in the Cayman Islands, the British Virgin Islands, Dubai, Hong Kong, Jersey and London, Walkers Global Holdings Ltd, as part of the Walkers Group, provides management services to the leading FORTUNE 100 and FTSE 100 global corporations and financial institutions, capital markets participants, investment fund managers and growth and middle market companies.

The Walkers Group is comprised of leading offshore law firm, Walkers, fund services provider, Walkers Fund Services Limited and special purpose vehicle and corporate services providers, Walkers SPV Limited, Walkers (Jersey) Limited and Walkers (BVI) Limited.


Walkers SPV's Corporate Administration department in Cayman now comprises over 25 staff. The department provides a Registered Office and corporate secretarial service for over 10,000 entities comprising exempted companies and partnerships, mutual funds, foreign companies registering in the Cayman Islands and segregated portfolio companies. Our clients include many of the largest blue-chip global private equity and banking groups.

We can provide your business with the best solutions for your corporate and company secretarial needs. Our focus is on delivering a prompt, professional and cost-effective service and we look forward to working with you.

Annual compliance – a service designed to help the client company meet its annual statutory requirements, including:

  • Providing a registered office facility

  • Maintaining statutory registers

  • Arranging payment of annual Registrar of Companies and Cayman Islands Monetary Authority fees

  • Providing certificates and certified registers as required

  • Preparing and filing annual returns

  • Filing resolutions with the Registrar of Companies

  • Updating registers and making filings on changes to directors and shareholdings

Acting as named company secretary – certification of documents and minor administrative tasks.

Global corporate governance – acting as a one stop shop to deliver and manage the provision of compliance services globally for entities domiciled in the various jurisdictions in which Walkers have representation, and managing external providers carrying out compliance services in other jurisdictions; providing comprehensive reporting to clients.

Board and shareholder meeting support services – drafting and distribution of agenda and papers, attendance at meetings to take minutes and provide advice, attending to filings following the meeting

Health checks – auditing and reviewing company records for compliance with Companies, Partnership and Mutual Funds Laws.

Training – providing tailored coaching sessions to clients on ongoing Cayman compliance requirements either on a oneto- one basis or for a small group.

Strike off and liquidation of companies.

Shipping services – acting as local representative person or registered office for the company owning the vessel.

Ad hoc secretarial support and advice.


Leading edge technology – our global entity corporate software, ViewPoint, introduced in 2005 allows us to manage effectively all the statutory, compliance and relationship information we maintain on behalf of clients and provides us with comprehensive management information, increasing efficiency in workflow.

On-line web access to statutory information for clients ("Eview") – we have introduced this system which provides clients with secure internet and intranet access to their statutory information and registers online 24 hours a day from any location worldwide. We are rolling out Phase 2 of its development which will enable us to make available statutory documents online such as Certificates of Incorporation and Board minutes.

Accountability and continuity – each Corporate Administrator is responsible for a designated portfolio of entities so becomes familiar with their clients' companies. Clients are provided with a day to day contact for support and queries and can be assured that this will be someone who knows their business.

Excellent client service – we have a policy of fulfilling client requests within 24 hours wherever possible. Our Corporate Administrators are supported by Finance and Operations teams within Walkers SPV so they can focus on their key role of providing excellent service to our clients.

High level of quality control – the department is comprised of a number of small teams of Corporate Administrators each headed by a Team Leader who manages resources and the quality and output of work.

Global reach – a team of designated Corporate Administrators is based in Hong Kong to serve our Asia based clients to whom we provide registered office services for their Cayman companies – allowing us to provide information in the same time zone and in the right language.

Trained and qualified staff – our Corporate Administrators have the benefit of an in-house Institute of Chartered Secretaries and Administrators sponsored programme which we have introduced in conjunction with a local college. This provides them with the opportunity to obtain an offshore corporate administration qualification which is recognised internationally. In addition, a number of our staff are graduates or are studying for degrees in law and business administration. A comprehensive structured induction programme is also in place for new joiners and ongoing monthly workshops ensure that the team shares knowledge and best practice. Our team structure also affords the opportunity for staff to grow and progress to team leader and management roles.

A "one stop shop" for clients – entities are incorporated or formed by Walkers law firm and transferred into our department for ongoing registered office services once external directors and shareholders are appointed, providing a seamless service to clients.

Experience – our Corporate Administrators have extensive knowledge and a depth of experience which is unsurpassed in Cayman with a number of staff having over 10 years' experience in the field.

Flexibility – our team is large enough to take on special projects such as the take on of a large group of companies and to act as an added resource for your business as the need arises. We also offer omnibus registered office agreements and consolidated invoicing options for groups to enhance the efficiency of our service.

Embedded procedures – the maturity and quality of our team means that we have developed robust and efficient policies and processes on which we pride ourselves including a structured and smooth transfer-in process for registered office clients transferring to us from other providers.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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