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Shell

Cayman Islands

0 Employees

  • Third-party revenues

    $0

  • Related-party revenues

    $224,239

  • Total revenues

    $224,239

  • Profit before tax

    $15,593

  • Tax paid

    $0

  • Tax accrued

    $0

  • Tangible assets

    $15,495,480

  • Stated capital

    $80,371,117

  • Accumulated earnings

    $(111,626,136)

Main Business Activities

  • Holding investments

Shell has holding companies in the Cayman Islands. 

Shell inherited BG Exploration and Production India Limited (BGEPIL) when it acquired BG Group in 2016. BGEPIL is incorporated in the Cayman Islands and has a branch in India. Income earned by BGEPIL is subject to tax in India. BGEPIL’s exploration and production activities in India ended in December 2019 and it is now carrying out decommissioning activities.

Shell Bolivia Corporation is incorporated in the Cayman Islands and was also inherited from BG Group. It has investments in Bolivia that are subject to tax there.

As part of a 2020 acquisition from Kosmos Energy, Shell acquired Portfolio Holdings and its three subsidiaries owning interests in offshore blocks in São Tomé and Príncipe, Namibia and Suriname. These four Cayman Islands entities are in the process of being liquidated or restructured. 

Country Financial Analysis

The Cayman Islands does 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.

Branch
A branch is an office or business presence in a location other than where the corporate entity is established.
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Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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