Cayman Islands
0 Employees
-
Third-party revenues
$0
-
Related-party revenues
$0
-
Total revenues
$0
-
Profit before tax
$(1,661,889)
-
Tax paid
$0
-
Tax accrued
$0
-
Tangible assets
$0
-
Stated capital
$95,371,113
-
Accumulated earnings
$(122,552,598)
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.
