
Incorporate in Cayman Islands
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.
Learn more about incorporating in the Cayman Islands:
In the Cayman Islands, the two most common corporate structures are the Exempted Company, incorporated under the Companies Act (Part VII), (Revised), and the Limited Liability Company (LLC), registered under the Limited Liability Companies Act, (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 in Cayman Islands.
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Cayman Islands Bank Account - USD $ 700.00Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsButterfield Bank (Cayman)USD 100,000YesUSD, EUR, GBPYesOwners/shareholders need to have a strong justifiable nexus to the Cayman Islands.Cayman National BankUSD 250,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesCIBC FirstCaribbean International BankUSD 25,000YesUSD, CAD, CHF, EUR, GBP, JPY, AUDYesNCB Cayman LimitedUSD 100,000YesUSD, EUR, CAD, GBP, AUD, MulticurrencyYesNCB Cayman Bank offers trading, private and investment bank accountsRBCUSD 500,000NoMulticurrencyYesEntities must have a level of physical presence on the island. Eligibility: Cayman Islands incorporated companies
Note that we can also open overseas bank accounts for Cayman Islands companies in the following offshore jurisdictions:
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Andorra Bank Account - USD $ 1,200.00Andorra Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMorabancUSD 500,000YesUSD, EUR, CHF, CAD, AUD, SEK, NOK, NZDYesPrivate Bank with focus on wealth management. If they open a corporate account for an active company, they would need that either the account has a substantial amount on the account, or that the UBO himself opens an account for wealth management.
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Antigua Bank Account - USD $ 300.00Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDBankUSD 10,000YesUSD, EURYesIn euros DBank processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment). Cash Secured Visa Credit Card available.Global Bank of CommerceUSD 25,000YesUSD, EUR, GBPYesCash Secured Visa Credit CardNorth International BankUSD 5,000YesUSD, EURYesUnionPay Cards work without inconvenience in the USA.
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Armenia Bank Account - USD $ 1,200.00Armenia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsOJSC UnibankUSD 50,000YesEUR, USD, RUB, AMDYesBusiness connection to Armenia is required. The annual outgoing turnover of the client should be at least 10 mln USD per year. The annual number of outgoing transfers should be at least 60 per year. Note that the banks considers smaller companies is well on case-by-case basis, but they could charges additional fees.
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Bahamas Bank Account - USD $ 500.00Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital Union BankUSD 1,000,000NoUSDYesFamily Offices, Fund Managers and Asset Managers only.CIBC FirstCaribbean International BankUSD 100,000YesMulticurrencyYesOnly companies registered in the Bahamas. Economic substance required.DeltecUSD 1,000,000YesMulticurrencyYesCredit Card available on a case by case basis.EFG BankUSD 1,000,000YesMulticurrencyYesRemote account opening is possible, but the bank will visit the client within first year after opening.Equity BankUSD 500,000YesUSD, EURYesPrepaid debit card available.
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Belize Bank Account - USD $ 300.00Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBelize Bank InternationalUSD 4,000YesEUR, GBP, USDYesCaye BankUSD 1,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesPrepaid Visa cards available.Heritage BankUSD 3,000YesMulticurrencyYes
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BVI Bank Account - USD $ 900.00BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank of AsiaUSD 20,000NoUSD, GBP, HKDYesBank of Asia does not onboard corporations who have a connection in US and Russia.VP BankUSD 500,000NoMulticurrencyYesVP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accounts. No Commercial Activity, only for asset management business.
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Cook Islands Bank Account - USD $ 600.00Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital Security BankUSD 250,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
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Curaçao Bank Account - USD $ 500.00Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsExprinter International Bank N.V.USD 100,000NoMulticurrencyYesInternet Banking only for viewing the account, not for operating
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Cyprus Bank Account - USD $ 1,200.00Cyprus Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank of CyprusN/AYesMulticurrencyYesSupports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
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Dominica Bank Account - USD $ 300.00Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBanfers International Private Bank (former Ferz Global Bank)USD 35,000-50,000YesUSD, EUR, GBP, CHFYesMinimum initial deposit 35.000 USD, 50.000 USD - depending on the risk and account typesEqiBankUSD 15,000YesUSD, EUR, GBPYesKingdom BankN/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
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Gibraltar Bank Account - USD $ 1,200.00Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMoneycorp Bank Limitedcase-by-caseNoMulticurrencyYesTuricum Private BankUSD 200,000NoUSD, EUR, GBPYes
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Hong Kong Bank Account - USD $ 1,400.00Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDBS BankHKD 200,000YesHKD, USD, MulticurrencyYesA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
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Isle of Man Bank Account - USD $ 1,200.00Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital International BankN/ANoUSD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGNYesPreferred industries: Asset Holding Entities, e-sports, yachting, aviation, e-commerce, internet sales and trading, business consultancy, advertising and marketing, property development and management.
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Labuan Bank Account - USD $ 500.00Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank IslamUSD 10,000NoUSD, JPY, SGD, EUR, GBPYesCitibankUSD 250,000NoMulticurrencyYesMayBank International Labuan BranchUSD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesThey focus more on Labuan incorporated entities.
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Liechtenstein Bank Account - USD $ 1,200.00Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBendura BankUSD 500,000NoMulticurrencyYesEvery active NFE needs to have a substance.
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Luxembourg Bank Account - USD $ 1,200.00Luxembourg Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsEast West United BankN/ANoUSD, EUR, GBP, RUB, CHFYesCompanies conducting commercial activities are expected to conduct at least 30 incoming / outgoing transactions per month.
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Mauritius Bank Account - USD $ 600.00Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank OneUSD 50,000NoMulticurrencyYesInvestecUSD 50,000YesMulticurrencyYes
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Nevis Bank Account - USD $ 300.00Nevis Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBONIUSD 10,000NoUSD, EUR, GBP, Multicurrency, CHF, CADYesHamilton Reserve BankUSD 100,000NoUSD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKDYesIMBLUSD 25,000NoMulticurrencyYes
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Panama Bank Account - USD $ 1,200.00Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital BankUSD 20,000YesUSDYesCredicorpUSD 50,000YesUSD, EURYesMMG BankUSD 10,000YesUSD, EUR, CHF, GBP, CADYes
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Puerto Rico Bank Account - USD $ 300.00Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsStrategic BankUSD 150,000NoUSDYesArival BankN/ANoUSDYesCB International Bank LLCN/AYesMulticurrencyYesUnionpay Merchant service for clients.
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Saint Lucia Bank Account - USD $ 300.00Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPROVEN BANK (Former BOSLIL)USD 5,000YesUSD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZARYes
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Seychelles Bank Account - USD $ 500.00Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAl SalamUSD 25,000NoUSDYesInternet banking is in view mode only, all transactions are carried out via email or by phone.
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Singapore Bank Account - USD $ 900.00Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsOCBC BankUSD 30,000NoUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.RHBSGD/USD 30,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.DBS BankSGD 250,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.UOB BankSGD 250,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.Credit SuisseUSD 3,000,000NoUSD, SGDYesBank of ChinaSGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.HSBCSGD/USD 30,000NoSGD, AUD, CAD, RMB, EUR, HKD, JPY, NZD, GBP, USDYesNexus in the form of client/supplier/partner/contractor in Singapore required.
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Switzerland Bank Account - USD $ 1,200.00Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMaerki BaumannCHF 500,000YesMulticurrencyYesmbaerCHF 5,000NoMulticurrencyYesCompanies must have an expected turnover of at least CHF 3,000,000.SygnumCHF 3,000,000NoMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services. Minimum Average Balance for high risk jurisdictions should be 1-2Mio CHF.Credit SuisseCHF 1,000,000NoMulticurrencyYesSEBA BankCHF 500,000YesEUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AEDYesSEBA Bank does not open accounts with a pure transactional business nexus.
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USA Bank Account - USD $ 1,400.00USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUSA Bank AccountUSD 100,000NoUSDYesmin deposit USD 100k and more AND/OR with revenues of USD 1MUSA Bank AccountUSD 5,000YesUSDYesThe company should trade in Asia and the USA.USA Bank AccountTypically USD 25,000 - USD 50,000, for high risk USD 500,000YesUSDYesAt least one US based signatory is required. Purpose to open an account in US is required.USA Bank Accountfrom 10,000 but preferred 250K-300KYesUSD, MulticurrencyYesThey tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.
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Vanuatu Bank Account - USD $ 500.00Vanuatu Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPacific Private Bank1,500 EURNoEUR, GBP, USDYesOutgoing USD transactions cannot be facilitated.
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EMI Account - USD $ 300.00EMI AccountsEMIMin DepositCardsCurrenciesRemoteDNBC (CA) (former DSBC)N/ANoEUR, CAD, GBP, CHF, HKDYesAirwallexN/AYesMulticurrencyYesCurrenxieN/AYesMulticurrencyNoPayoneerN/AYesMulticurrencyYesStatrysN/AYesMulticurrencyYesCollect & PayDepending on category.NoMulticurrencyYesBankeraN/AYesEURYesConnect PayN/AYesMulticurrencyYesGurupayN/ANoEURYesIBSettleN/ANoEURYesMistertangoN/AYesEURYesSettleDeskN/ANoEURYesValyuzN/AYesEUR, USD, GBP, SEK, JPY, HKDYesVerifoN/ANoEURYesVialetN/AYesEURYesFinductiveN/ANoEURYesAspireN/AYesSGD, USDYesBilderlingsN/AYesEUR, GBPYesCashaaN/ANoEUR, GBPYesIFXN/ANoEUR, GBPYesInterpolitan MoneyDepending on category.NoMulticurrency, USD, EUR, GBPYesMoneviumN/ANoEURYesMontifyN/ANoMulticurrencyYesRationalFXN/ANoMulticurrencyYes
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)
Please note that effective 1st November 2023, the annual fees payable to the General Registry (government fees) have increased KYD 125 (USD 155) for exempted companies, and KYD 200 (USD 250) for LLCs. Such increase is already included in the below annual fees.
Exempted Company – USD 2,755.00
Limited Liability Company (LLC) – USD 3,250.00
- General Registry Annual Fees (Government Fees)
- CIMA Annual Levy per serviced company (Government Fees)
- Providing Registered Office Services, including registered address, for the calendar year
- Annual UBO compliance reporting and AML compliance review
- Preparing and filing the Annual Return
- Preparing and filing the Economic Substance Notification (ESN)
- 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.