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 can open bank accounts for Cayman Islands companies in the following jurisdictions:

  • Cayman Islands Bank Account (5 Banks, Remotely) – USD 700.00 – Brokerage Accounts and Debit/Credit Cards Available
  • British Virgin Islands Bank Account (1 Bank, Remotely) – USD 900.00 – Brokerage Accounts Available
  • Mauritius Bank Account (3 Banks, Remotely) – USD 600.00 – Debit/Credit Cards Available
  • Labuan/Malaysia Bank Account (1 Bank Remotely, 1 Bank In-person) – USD 500.00 – Debit/Credit Cards Available
  • Singapore Bank Account (5 Banks, Remotely) – USD 900.00 – Debit/Credit Cards Available – Remote account opening available due to COVID-19
  • Hong Kong Bank Account (3 Banks, In-person) – USD 2,000.00 – Debit/Credit Cards Available
  • Armenia Bank Account (1 Bank, Remotely) – USD 1,200.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Turkey Bank Account (1 Bank, Remotely) – USD 1,200.00 – Debit/Credit Cards and Brokerage Accounts Available
  • New York (US) Bank Account (2 Banks, Remotely) – USD 2,000.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Cook Islands Bank Account (1 Bank, Remotely) – USD 600.00 – Brokerage Accounts available
  • Bahamas Bank Account (4 Banks, Remotely) – USD 500.00 – Brokerage Accounts Available
  • Curaçao Bank Account (2 Banks, Remotely) – USD 500.00 – Debit/Credit Cards Available
  • Belize Bank Account (1 Bank, Remotely) – USD 300.00 – Prepaid Cards Available
  • Puerto Rico Bank Account (2 Banks, Remotely) – USD 300.00 – Debit/Credit Cards Available and Brokerage Accounts available
  • Antigua Bank Account (2 Banks, Remotely) – USD 300.00 – Debit/Credit Cards Available
  • Nevis Bank Account (1 Bank, Remotely) – USD 300.00 – Debit/Credit Cards Available
  • Saint Lucia Bank Account (1 Bank, Remotely) – USD 300.00
  • Dominica Bank Account (2 Banks, Remotely) – USD 300.00 – Debit/Credit Cards Available
  • UK, Latvia and Lithuania Electronic Money Institution Account (8 EMI’s, Remotely) – USD 300.00 – Debit/Credit Cards Available

In addition to the above jurisdictions, we can also open bank accounts in Cyprus, Luxembourg, Latvia, Lithuania, Gibraltar, Liechtenstein, Switzerland, and the Netherlands for Cayman Islands holding companies and private wealth structures (no commercial activity) and Cayman companies conducting commercial activities via a branch office in the EEA. Contact us for further information.

All our bank account options provide for accounts in major currencies (USD, EUR, GBP, CHF, etc) as well as internet banking facilities. Note that “Remotely/In-person” means whether the account can be opened remotely or a personal visit to the bank is required to finalize the application.

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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