incorporate in cayman islands

Incorporate in Cayman Islands

$3,400.00

Set up a Cayman Islands Company

The Cayman Islands has an excellent legal, fiscal, financial and professional environment for the incorporation of international business companies. The jurisdiction is a world-leading offshore financial services center due to its political and economic stability, and its broad offer of banking, trust, hedge fund formation and investment, structured finance and securitization, captive insurance, and international business services.

In the Cayman Islands, there are no direct taxes. Exempted companies are entitled to do business outside the Cayman Islands and may have additional reporting requirements if they trade with Cayman residents. However, they can conclude contracts in Cayman or exercise any of its powers in Cayman to carry out business outside the Islands, including open and maintain bank accounts and rental or ownership of real estate in the jurisdiction.

Exempted Company

A Cayman exempted company limited by shares is a powerful corporate vehicle for international investment and trade, ICOs, internet entrepreneurs, fund and wealth management, and as a holding company.

Limited Liability Company (LLC)

The Cayman Islands LLC is an excellent entity for movable and immovable assets holding, asset protection, investment funds, ICOs, joint venture companies, private equity transactions, securitizations and other corporate transactions and international structures.

In the Cayman Islands, the two most common corporate structures are the Exempted Company, incorporated under the Companies Law (Part VII), (Revised), and the Limited Liability Company (LLC), registered under the Limited Liability Companies Law, (Revised).

Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a Cayman Islands Company, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees, and assignments such as the preparation of a certificate of incumbency, and the notarization of documents, which are generally required for opening bank accounts.

Cayman Islands Exempted Company Formation – USD 3,400.00 (All Included)

  • All applicable Registration and Government Fees and Duties (General Registry of the Cayman Islands)
  • Preparing and executing mandatory affidavit that no business will be carried on within the Cayman Islands
  • Preparing Memorandum of Association and Articles of Association and filing such articles with the General Registry
  • Acting as Subscriber and executing the Memorandum of Association & Articles of Association
  • Providing the Certificate of Incorporation issued by the General Registry of the Cayman Islands
  • Preparing Subscription Agreements
  • Preparing Director’s Acceptance Letters
  • Preparing and executing Subscriber Resolutions for the appointment of the first Directors
  • Preparing and executing the Share Transfer Instrument for the transfer of Shares from the Subscriber to the Shareholder
  • Preparing the First Board Resolution resolving the Issuance and Allotment of Shares, Appointment of Directors, Registered Office, etc
  • Preparing the Register of Directors, file the Register with the General Registry, and Providing Stamped Copy
  • Filing Ultimate Beneficial Ownership information with the Private Register of Beneficial Owners
  • Preparing the Register of Members
  • Providing Registered Office Services, including Business Address, for the calendar year
  • Preparing and executing a Certificate of Incumbency
  • Preparing the Notarized set of Corporate Documents
  • Preparing the Share Certificates, if applicable
  • Delivery of Corporate Documents, inclusive of Courier Fees

Cayman Islands Limited Liability Company (LLC) Formation – USD 4,000.00 (All included)

  • All applicable Registration and Government Fees and Duties (General Registry of the Cayman Islands)
  • Providing the Certificate of Registration issued by the General Registry of the Cayman Islands
  • Preparing and executing Limited Liability Company Registration Statement
  • Preparing and executing mandatory affidavit that no business will be carried on within the Cayman Islands
  • Preparing a tailored Limited Liability Company Agreement for Members’ review and execution (unlimited reviews)
  • Preparing the Register of Managers, file the Register with the General Registry, and Providing Stamped Copy
  • Filing Ultimate Beneficial Ownership information with the Private Register of Beneficial Owners
  • Preparing the Register of Members
  • Providing Registered Office Services, including Business Address, for the calendar year
  • Preparing and executing a Certificate of Incumbency
  • Preparing the Notarized set of Corporate Documents
  • Preparing the Membership Certificates, if applicable
  • Delivery of Corporate Documents, inclusive of Courier Fees

Time to form

We prepare all the incorporation documents and file the company with the General Registry within one day. At the time of filing your company with the General Registry, there are two procedures available:

  • Standard Procedure: It may take for the Cayman General Registry 3 to 5 business days to process the company registration, and issue the certificate of incorporation and stamped M&AA.
  • Express Procedure: The Registrar of Companies will process the registration of the company in 1 day, upon payment of an additional ‘express’ fee of USD 500 to the Cayman General Registry (Government Fee).

Bank Account Opening Services (Optional)

We assist you in opening a bank account for the Company in Cayman Islands.

  • Cayman Islands Bank Account - USD $ 700.00
    Cayman Islands Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Butterfield Bank (Cayman)
    USD 100,000
    Yes
    USD, EUR, GBP
    Yes
    CIBC FirstCaribbean International Bank
    USD 25,000
    No
    USD, CAD, CHF, EUR, GBP, JPY, AUD
    Yes
    Cayman National Bank
    USD 100,000
    Yes
    USD, EUR, GBP, CAD, AUD, JPY, SEK, CHF
    Yes
    NCB Cayman Limited
    USD 100,000
    Yes
    USD, EUR, CAD, GBP
    Yes
    RBC
    USD 500,000
    No
    Multicurrency
    Yes

Note that we can also open overseas bank accounts for Cayman Islands companies in the following offshore jurisdictions:

  • Antigua Bank Account - USD $ 300.00
    Antigua Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Global Bank of Commerce
    USD 25,000
    Yes
    USD, EUR, GBP
    Yes
    DBank
    USD 10,000
    Yes
    USD, EUR
    Yes
    North International Bank
    USD 5,000
    Yes
    USD, EUR
    Yes
  • Bahamas Bank Account - USD $ 500.00
    Bahamas Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Deltec
    USD 1,000,000
    No
    Multicurrency
    Yes
    CIBC FirstCaribbean International Bank
    USD 100,000
    Yes
    Multicurrency
    Yes
    EFG Bank
    USD 1,000,000
    No
    Multicurrency
    Yes
    Capital Union Bank
    USD 500,000
    No
    Multicurrency
    Yes
  • Belize Bank Account - USD $ 300.00
    Belize Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Caye Bank
    USD 1,000
    Yes
    USD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOK
    Yes
    Heritage Bank
    USD 3,000
    Yes
    Multicurrency
    Yes
    Belize Bank International
    USD 4,000
    No
    EUR, GBP, USD
    Yes
  • BVI Bank Account - USD $ 900.00
    BVI Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    VP Bank
    USD 250,000
    No
    Multicurrency
    Yes
    Bank of Asia
    USD 20,000
    No
    USD, GBP, HKD
    Yes
  • Cook Islands Bank Account - USD $ 600.00
    Cook Islands Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Capital Security Bank
    USD 20,000
    Yes
    USD, EUR, GBP, CAD, NZD, AUD, SGD, HKD
    Yes
    Clients can have a corporate account for operational purposes only if they open an investment account as well.
  • Curaçao Bank Account - USD $ 500.00
    Curaçao Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    CIBC FirstCaribbean International Bank
    USD 7,500
    No
    Multicurrency
    Yes
    Exprinter International Bank N.V.
    USD 100,000
    Yes
    Multicurrency
    Yes
  • Dominica Bank Account - USD $ 300.00
    Dominica Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    EqiBank
    USD 15,000
    Yes
    USD, EUR, GBP
    Yes
    Kingdom Bank
    N/A
    No
    EUR, USD
    Yes
    SWIFT transactions are carried out only through a pool account in the name of the bank.
  • EMI Bank Account - USD $ 300.00
    EMI Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    UK EMI Account
    N/A
    No
    EUR, GBP
    Yes
    Lithuania EMI Account
    N/A
    No
    Multicurrency
    Yes
    Malta EMI Account
    N/A
    No
    EUR
    Yes
    Canada EMI Account
    N/A
    No
    EUR
    Yes
    Kazakhstan EMI Account
    Depending on category.
    No
    Multicurrency
    Yes
    Hong Kong EMI Account
    N/A
    No
    USD, EUR, GBP, HKD
    Yes
    Currently, the Neat account is available for businesses incorporated in Hong Kong, Australia, BVI, Cayman Islands and New Zealand only.
    Ireland EMI Account
    N/A
    No
    EUR, Multicurrency
    Yes
    Singapore EMI Account
    N/A
    Yes
    SGD, USD
    Yes
    Only companies incorporated in APAC jurisdictions.
  • Gibraltar Bank Account - USD $ 1,200.00
    Gibraltar Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Turicum Private Bank
    USD 200,000
    No
    USD, EUR, GBP
    Yes
    Moneycorp Bank Limited
    case-by-case
    No
    Multicurrency
    Yes
  • Hong Kong Bank Account - USD $ 2,000.00
    Hong Kong Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    DBS Bank
    HKD 200,000
    Yes
    HKD, USD, Multicurrency
    Yes
    A business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
  • Isle of Man Bank Account - USD $ 1,200.00
    Isle of Man Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Capital International Bank
    N/A
    No
    USD, EUR, GBP
    Yes
  • Labuan Bank Account - USD $ 500.00
    Labuan Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Bank Islam
    USD 10,000
    No
    USD, JPY, SGD, EUR, GBP
    Yes
    MayBank International Labuan Branch
    USD 25,000
    No
    USD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AED
    Yes
    Citibank
    USD 250,000
    No
    Multicurrency
    Yes
  • Liechtenstein Bank Account - USD $ 1,200.00
    Liechtenstein Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Alpinum
    CHF 250,000
    No
    Multicurrency
    Yes
    Companies conducting commercial activities (as opposed to only holding assets) must have a physical presence in the form of offices and employees in the country where it is incorporated or tax resident.
    Bendura Bank
    USD 500,000
    No
    Multicurrency
    Yes
  • Luxembourg Bank Account - USD $ 1,200.00
    Luxembourg Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    East West United Bank
    N/A
    Yes
    USD, EUR, GBP, RUB, CHF
    Yes
    Companies conducting commercial activities are expected to conduct at least 30 incoming / outgoing transactions per month.
  • Mauritius Bank Account - USD $ 600.00
    Mauritius Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Bank One
    USD 25,000
    Yes
    Multicurrency
    Yes
    Companies must have some form of business connection to Africa in the form of clients, suppliers or investments.
    Investec
    USD 50,000
    Yes
    Multicurrency
    Yes
  • Panama Bank Account - USD $ 1,200.00
    Panama Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    MMG Bank
    USD 10,000
    Yes
    USD, EUR, CHF, GBP, CAD
    Yes
    Credicorp
    USD 50,000
    Yes
    USD, EUR
    Yes
    Capital Bank
    USD 20,000
    Yes
    USD
    Yes
  • Puerto Rico Bank Account - USD $ 300.00
    Puerto Rico Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    FV Bank
    Case by case
    Yes
    USD
    Yes
    Strategic Bank
    USD 100,000
    No
    USD
    Yes
    Arival Bank
    N/A
    No
    USD
    Yes
    CB International Bank LLC
    N/A
    No
    Multicurrency
    Yes
  • Saint Lucia Bank Account - USD $ 300.00
    Saint Lucia Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    PROVEN BANK (Former BOSLIL)
    USD 5,000
    Yes
    USD, EUR, GBP, HKD
    Yes
  • Seychelles Bank Account - USD $ 500.00
    Seychelles Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Al Salam
    USD 25,000
    Yes
    USD
    Yes
  • Singapore Bank Account - USD $ 900.00
    Singapore Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    OCBC Bank
    USD 30,000
    Yes
    USD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHF
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    RHB
    SGD/USD 30,000
    No
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    DBS Bank
    SGD 250,000
    Yes
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    UOB Bank
    SGD 350,000
    Yes
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    Credit Suisse
    USD 3,000,000
    No
    USD, SGD
    Yes
    Bank of China
    SGD 100,000
    No
    USD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CAD
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
  • Switzerland Bank Account - USD $ 1,200.00
    Switzerland Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Maerki Baumann
    CHF 500,000
    Yes
    Multicurrency
    Yes
    mbaer
    CHF 5,000
    No
    Multicurrency
    Yes
    Companies must have an expected turnover of at least CHF 3,000,000
    Sygnum
    CHF 3,000,000
    No
    Multicurrency
    Yes
    Deposit must be maintained in crypto assets held through the bank's custody services.
    Credit Suisse
    CHF 1,000,000
    Yes
    Multicurrency
    Yes
  • USA Bank Account - USD $ 1,400.00
    USA Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    USA Bank Account
    N/A (USD 250,000 preferred)
    No
    USD
    Yes
  • Vanuatu Bank Account - USD $ 500.00
    Vanuatu Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Pacific Private Bank
    USD 1,500
    No
    EUR, GBP, USD
    Yes
    Outgoing USD transactions cannot be facilitated.

Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.

Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.

Cayman Islands Company Annual Fees (Payable every January)

Exempted Company – USD 2,600.00

Limited Liability Company (LLC) – USD 3,000.00

  • General Registry Annual Fees (Government Fees)
  • CIMA Annual Levy per serviced company
  • Providing Registered Office Services for the calendar year
  • Filing Ultimate Beneficial Ownership information with the Private Register of Beneficial Owners
  • Preparing and filing the Annual Return
  • Advising on the completion of and filing the Economic Substance Return
  • Maintaining the Minute Book, Registers and Statutory Records

Other Services (Optional)

  • Formation and Maintenance of Foundation Companies, Exempted Limited Partnerships, and Segregated Portfolio Companies.
  • Establishment of Trusts, STAR Trusts, and Private Trust Companies, and provision of Trustee Services
  • Continuation of Foreign Companies
  • CIMA Registration of Investment Funds and Securities Investment Businesses, and related services
  • Economic Substance Services (Local Directorship, Physical Office, Outsourcing of CIGA, etc.)
  • Secretarial Services
  • Local Director Services
  • Accounting Services

Please, contact us for further information.

Company Type

SKU: INC-BV-001-1 Category:
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