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Cayman Islands Company Formation

Register a company in the Cayman Islands in just 2-3 days with zero corporate taxes, strong financial privacy, and dedicated support.

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Benefits

Register a Company in the Cayman Islands

Well-regulated legislation framework
Thriving banking and financial system
No corporate income tax in Cayman
No exchange control on cross-border transactions
Minimal company maintenance requirements
No public record of company members’ identities
Flexible company structures adapting for multiple business objectives

Features

Cayman Islands Exempted Company

Exempt from corporate taxation.

No minimum paid-up capital required.

All fees included with no hidden charges.

Company formation completed in 48 hours.

Customized company registration packages available.

Features

Cayman Islands Exempted Company

Exempt from corporate taxation.

No minimum paid-up capital required.

Company formation completed in 48 hours.

All fees included with no hidden charges.

Customized company registration packages available.

How To Set Up A Company In Cayman Islands

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Reserve your company name

To form a company in the Cayman Islands, you must first reserve a name that is available for registration and meets requirements for appropriateness and uniqueness.

You’ll need to fill out a name reservation form and pay the required fee. Once the name has been reserved, you can proceed with the company registration process.

Prepare required document

There are a few documents required for the incorporation of your company, including

  • A Memorandum of Association that details your company’s reserved name, registered office, share capital, and so on;
  • Articles of Association that outlines your company’s purposes and internal conduct;
  • Identity documents and residency proof of company directors, shareholders, and other key personnel.

Submit application and pay incorporation fees

You must submit the necessary documents and pay the registration fee to the Cayman Islands Registrar of Companies, either online or in person.

Once your application is approved, you will be given a certificate of incorporation, which will serve as proof that your company is officially registered.

Open a business bank account

Make sure you set up a separate bank account for your company to keep track of its financial situation.

You can open a bank account in various locations, including offshore jurisdictions, major financial hubs, or by opting for Fintech solutions.

Maintain annual compliance

Fulfill annual obligations is important to keep your company in good standing. The compliance requirements for a Cayman Islands company include:

  • Pay annual government fee
  • File an annual return
  • Keep proper accounting records
  • Submit annual report (e.g., Economic Substance, FATCA, FBAR, etc.)

Cayman Islands Company Formation Packages

Exempted Company (EC)
Basic
US$2800
  • • Unlimited Name Availability Check: Ensure your chosen company name is unique and available.
  • • Document Preparation and Filing: All necessary documentation is prepared and submitted on your behalf.
  • • Expedited Incorporation Process: Company incorporation completed efficiently.
  • • One Year of Secretarial Services: Comprehensive company secretarial support for one year.
  • • One Year Registered Agent and Address: Provision of a local registered agent and address for one year.
  • • All Government Fees Included for One Year: Covers all government-related fees for the first year.
  • • Digital Corporate Documents: Receive all essential corporate documents in digital format.

  • This package provides all the necessary services for a foreigner to establish a new Cayman Islands Exempted Company from start to finish.

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Standard
US$2890
  • • Everything in the Basic Package: Includes comprehensive services for setting up a Cayman Islands Exempted Company.
  • • Bank Account Opening: Assistance with opening a bank account.
  • • One-Time Application Fee: Covers the application fee for one bank account.
  • • Bank Account Introduction: Introduction service to any bank on the supported list.
  • • Certificate of Incumbency: Provided if required.
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Premium
US$2990
  • • Everything in the Standard Package: Includes all the comprehensive services provided in the standard package.
  • • Premium Banking Support: Enhanced support for bank account services.
  • • One-Time Application Fee: Covers the application fee for up to 5 banks or until the account is successfully opened, whichever comes first.
  • • Consulting on Alternatives: Expert advice on suitable alternatives if the initial application is not approved.
  • • Remote Bank Account Opening: Facilitates opening a bank account remotely.
  • • Fast Response: Prompt assistance available even on weekends.
  • • Frequent Updates: Regular updates on the bank account opening process to keep you informed.
Get Started
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Refund Guarantee

We offer a full refund, no questions asked, if we have not yet started the company. Read our policy

Register a Company in Cayman Island

Offshore Company Incorporation Process

1st step towards registering an offshore company

Step 1: Select Your Service Package

Visit our online order platform to choose from a variety of service packages and additional options tailored to your business needs. Our secure system ensures that all your information is protected with 256-bit encryption.

3rd step towards registering an offshore company

Step 3: Submit and Verify Documents

Our customer service team will contact you to assist with the Know Your Customer (KYC) documentation process. Complete the KYC form and use our digital Client Portal to upload documents and track your progress at any time.

2nd step towards registering an offshore company

Step 2: Complete Payment

Settle your payment using flexible options such as debit/credit cards (Visa, MasterCard, Amex) or bank transfer. After payment, you will receive a detailed checklist of the required information for Cayman Islands company registration.

4th step towards registering an offshore company

Step 4: Finalize Company Registration

Our experts will handle the preparation and filing of all necessary documents for your company incorporation in the Cayman Islands. Electronic copies of your incorporation documents will be ready within 2 working days, and the original company formation kit will be delivered to you within 3-7 days.

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KYC Documents Checklist

KYC documents are essential to verify the identity of individuals and corporations in Cayman Islands. Below, you’ll find a list of the required documents.

The following proofs are required for all company members including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons.

  • A certified true copy (scanned version) of the passport (valid for at least 6 months)
  • A certified true copy (scanned version) of driver's license or national ID
  • Bank reference letter & professional reference letter (minimum 3-year relationship), must be dated within the last 6 months and include the contact details of the issuer
  • A Curriculum Vitae (C.V.), resumé, or LinkedIn profile

To establish the identity of a corporation or entity, it is necessary to provide company documents and proof of identity for its members.

Please provide certified true copies (scanned versions) of the following company documents:

  • Certificate of Incorporation
  • Memorandum and Articles of Association or Constitution
  • Register of Directors
  • Register of Shareholders or UBOs
  • Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile, Certificate of Incumbency, or Certificate of Good Standing (valid within the last 6 months, if applicable)

Note: If company documents can be certified via an official government site, there is no need to submit certified copies.

All members of the corporation, including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact Persons, must provide both identity and address proofs.

  • Company Documents
  • Company Members

Please provide certified true copies (scanned versions) of the following company documents:

  • Certificate of Incorporation
  • Memorandum and Articles of Association or Constitution
  • Register of Directors
  • Register of Shareholders or UBOs
  • Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile, Certificate of Incumbency, or Certificate of Good Standing (valid within the last 6 months, if applicable)

Note: If company documents can be certified via an official government site, there is no need to submit certified copies.

All members of the corporation, including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact Persons, must provide both identity and address proofs.

Get Tailored Offshore Solutions with OVZA

Have questions or specific needs for your offshore venture? Reach out to us! Our team is ready to provide personalized consultations and swift responses.Leave your questions and details below, and we’ll get back to you within 1 hour.

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Frequently Asked Questions

How do I register an offshore company in the Cayman Islands?

To register an offshore company in the Cayman Islands, you must select a unique company name, appoint at least one director, and submit the necessary incorporation documents to the Cayman Islands General Registry. The incorporation process typically takes three to five business days. Cayman Islands Exempted Companies must have a registered office within the jurisdiction and comply with the Companies Act (2021 Revision), regulated by the Cayman Islands Monetary Authority (CIMA).

What are the benefits of registering an offshore company in the Cayman Islands?

The Cayman Islands is one of the world’s leading offshore financial centers, offering complete tax exemption for offshore companies, strong confidentiality laws, and a politically stable environment. Exempted Companies benefit from no foreign exchange controls, no corporate income tax, and a flexible regulatory framework. The jurisdiction is widely used for investment funds, international trade, asset protection, and wealth management. Companies are regulated by the Cayman Islands General Registry and the Cayman Islands Monetary Authority.

What types of offshore companies can be formed in the Cayman Islands?

The most common offshore structure is the Cayman Islands Exempted Company, which is designed for businesses operating outside the Cayman Islands. Other options include Limited Liability Companies (LLCs), Segregated Portfolio Companies (SPCs), and Exempted Limited Partnerships (ELPs), all of which provide flexibility for fund structuring and asset protection.

These entities are governed under the Companies Act (2021 Revision).

 

What documents are required to register an offshore company in the Cayman Islands?

To incorporate a Cayman Islands Exempted Company, the required documents include a passport copy for each director and shareholder, proof of address such as a utility bill or bank statement, details of the company name and business structure, and a Memorandum and Articles of Association. A licensed registered office in the Cayman Islands is mandatory under the Companies Act.

Do Cayman Islands offshore companies have to pay taxes?

No, Cayman Islands Exempted Companies are not subject to corporate tax, income tax, capital gains tax, or withholding tax. This tax-free status is legally protected for up to 20 years through a Tax Exemption Certificate issued by the Cayman Islands General Registry. However, business owners must comply with tax laws in their home country.

Are bearer shares permitted in the Cayman Islands?

No, bearer shares are not permitted. All shares must be registered in the name of the shareholder in compliance with global anti-money laundering (AML) regulations and the Securities Investment Business Act (SIBA), enforced by the Cayman Islands Monetary Authority.

What is the renewal process for an offshore company in the Cayman Islands?

Offshore companies in the Cayman Islands must renew their registration annually by paying the government renewal fee and maintaining a registered office within the jurisdiction. The renewal process is overseen by the Cayman Islands General Registry.

Does the Cayman Islands impose taxes on offshore companies?

No, Cayman Islands Exempted Companies are fully exempt from corporate tax, income tax, capital gains tax, and inheritance tax. This tax-neutral status is a major advantage of incorporating in the Cayman Islands and is protected under the Companies Act.

Are there foreign currency restrictions in the Cayman Islands?

 No, there are no foreign currency restrictions in the Cayman Islands. Offshore companies can conduct transactions in any currency without limitations, making it an attractive jurisdiction for global business operations. The financial system is regulated by the Cayman Islands Monetary Authority.

What are the annual compliance requirements for a Cayman Islands Exempted Company?

A Cayman Islands Exempted Company must maintain a registered office within the Cayman Islands, renew its registration annually, and pay the required government fees. Companies must also comply with the Economic Substance Law, which applies to entities engaged in certain business activities. The compliance requirements are regulated by the Department for International Tax Cooperation (DITC).

Is there a requirement to file annual financial statements?

No, Cayman Islands Exempted Companies are not required to file annual financial statements or tax returns unless engaged in regulated activities such as banking, insurance, or investment funds. However, companies must maintain internal records as required by the Cayman Islands Monetary Authority.

Is it possible to open an offshore bank account for a Cayman Islands Exempted Company?

Yes, a Cayman Islands Exempted Company can open offshore bank accounts in major financial centers such as Switzerland, Hong Kong, Singapore, and the Caribbean. The Cayman Islands itself is a major banking hub, with many international banks offering multi-currency accounts,

online banking, and strong confidentiality protections. The banking sector is regulated by the Cayman Islands Monetary Authority.

What documents are required to open a bank account for a Cayman Islands offshore company?

Most banks require a Certificate of Incorporation, Memorandum and Articles of Association, a resolution appointing authorized signatories, passport copies of directors and shareholders, proof of address, and a business plan or nature of business statement. Banks also require compliance documents such as Know Your Customer (KYC) and anti-money laundering (AML) records, in accordance with regulations set by the Cayman Islands Monetary Authority.

Can a Cayman Islands Exempted Company open a bank account remotely?

Yes, many offshore banks allow Cayman Islands Exempted Companies to open accounts remotely without requiring a physical visit. The process varies by bank but typically involves submitting notarized or apostilled documents, video verification, or an introduction from a corporate service provider. Some banks may also require a reference letter from an existing financial institution. Banking regulations are overseen by the Cayman Islands Monetary Authority.

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