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Cayman Islands

0 Employees

  • Third-party revenues


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Main business activities

  • Holding investments

Shell’s footprint

Shell has holding companies in the Cayman Islands. Shell acquired 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 acquired 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 in the Cayman Islands. Portfolio Holdings’ three subsidiaries own interests in offshore blocks in São Tomé and Príncipe, Namibia and Suriname. KE Namibia Company is currently in liquidation. In 2021, Shell completed the moving of the domicile for KE STP Company (São Tomé and Príncipe) and KE Suriname from the Cayman Islands to the Netherlands.

Country financial analysis

The Cayman Islands does not apply a corporate income tax. The companies that remain incorporated in the Cayman Islands pay taxes where their activities take place.

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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