Register a Company in the Cayman Islands in just 2-3 days with zero corporate taxes, strong financial privacy, and dedicated support.
Benefits
This package provides all the necessary services for a foreigner to establish a new Cayman Islands Exempted Company from start to finish.
Offshore Company Incorporation Process
In Cayman Islands, all individuals and entities must submit KYC documents to complete company registration.
All Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact Persons are required to submit the following documentation.
A notarized true copy of a valid passport, notarized within the last 3 months, provided as a scanned copy
To verify the identity of a corporation or legal entity, company formation documents must be provided along with proof of identity for all relevant members.
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Highly Responsive Representatives
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 structure available through Cayman company registration is the Exempted Company, which is ideal for businesses conducting operations outside the Cayman Islands. Other types include Limited Liability Companies (LLCs), Segregated Portfolio Companies (SPCs), and Exempted Limited Partnerships (ELPs), all of which offer flexibility for fund management, investment holding, and asset protection. These entities are governed by the Companies Act (2021 Revision) and are widely recognized for their legal robustness and suitability for international structuring.
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.
