Co Formation

Cayman Islands Offshore Company Formation

The Cayman Islands consists of a group of three islands in the Caribbean: Little Cayman, Cayman Brac and Grand Cayman. The main Island, Grand Cayman, is situated approximately 480 miles southeast of Miami. It has well established legal system and is a reputable financial centre. The Cayman Islands Exempted Company is the most widely-used business form by foreign investors looking to do business in the British overseas territory. 


Advantages Of A Cayman Islands Company

  • Reputable financial centre
  • Sophisticated business environment with a full range of financial & professional talent
  • Legitimate legal system and authority governed by Cayman Islands Monetary Authority (CIMA)
  • Stable economic and political environment
  • No corporation, capital gains nor withholding taxes


A Cayman Islands Company Is A Good Vehicle For

  • Financial Services
  • Investment Funds
  • Science & Technology Companies 
  • Holding Co for Financial Company


Three Simple Steps For Incorporating A Cayman Islands Company

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Supply Information 

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Sign Documents 

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Receive Documents 

Submit information online or fill the download form.

Our officer will contact you to confirm service,

collect KYC and verify documents. Pay fee.

Prepare incorporation documents and sign registration documents.

Collect incorporation documents.


Documents Required For Setting Up A Cayman Islands Company

  • Notarized passport copies (if we cannot meet in person) of all the directors/ shareholders/beneficial owners.
  • Notarized residential address proof of all the directors/ shareholders/beneficial owners (Must be in English or English translation) or certified copies.
  • Reference letter from bank or professional practice.
  • Our due diligence form.

Attractive Cost For Cayman Company Formation


Cayman Company Formation Fee

From US$3600


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Cayman Islands Company Fact Sheet

Cayman Islands Company Fact Sheet




Restrictions on Trading.  Cannot trade within the Cayman Islands, own real estate in the Cayman Islands. Cannot undertake the business of banking, insurance business or mutual fund business unless licensed. Cannot solicit funds from the public.


Powers of Company. A Cayman Islands Exempt company has all the powers of a natural person.


Language of Legislation and Corporate Documents. English. An Arabic language facility was enabled in 2007.


Registered Office Required.  Yes, must be maintained in the Cayman Islands.


Name Restrictions.  Bank, insurance, assurance, reinsurance, trust, municipal, charter, co-operative, their foreign language equivalents or any name that, in the opinion of the Registrar, would suggest a connection with a Royal family or Government authority.


Language of Name.  Names can be expressed in any language using the Latin alphabet, Chinese or Arabic, if the Registrar of Company receives a translation thereof. The corporate documents will however be in English.


Names Requiring Consent or License.  Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, asset management, trust, trustees or their foreign language equivalent.


Suffixes to Denote Limited Liability.  There is no requirement to utilise a suffix to denote limited liability, although normally companies are incorporated to include the suffixes Limited, Incorporated, Corporation or their abbreviations.


Disclosure of Beneficial Ownership to Authorities.  No requirement.


Authorised and Issued Share Capital.   The minimum is US$1, but it is normal to incorporate with an authorised share capital of US$50,000; divided in to 50,000 common voting shares of US$1, this being the maximum for the minimum capital duty payable to the Registrar of Companies.

The minimum issued share capital is one share of no par value or one share of part value.


Classes of Shares Permitted.  Registered shares of par or no par value, preference shares, redeemable shares and voting or non-voting shares. Bearer Shares may be issued but must be held by an authorised depository.


Directors.  The minimum number of directors is one. The directors may be natural persons or bodies corporate. The directors may be of any nationality, and need not be resident in the Cayman Islands.


Company Secretary.  The Cayman Islands Companies Ordinance does not make any specific reference to a requirement for a company secretary. However, it is customary to appoint one, who may be either a natural person or a body corporate. NB Effective January 18th 2013 the penalty under Section 56 for failing to file a notice of change in a director or officer has increased to an initial fine of $1,220 plus $122 a day extra for each director which is past due 90 days up to a maximum of 5 days ie $610.


Shareholders.  The minimum number of shareholders is one.


Taxation.  There is no form of taxation in the Cayman Islands relating to individuals, corporations or trusts.


Double Taxation Agreements.  The Cayman Islands has no double tax agreements.


Financial Statements Required.  Companies (Amendment) Law 2010 states that “Every company shall cause to be kept proper books of account including where applicable, material underlying documentation including contracts and invoices. Such documentation must be retained for a minimum period of five years from the date on which they are prepared”. Failure to retain such records shall be subject to a penalty of $5,000.


Unregulated exempt companies do not need to file accounts.


Economic Substance Requirements (ESRs).  Please refer to Frequently Asked Question.


Procedure to Incorporate.  For Exempt Companies by submission of the Memorandum and Articles of Association and registration fee to the Registrar of Companies, together with a sworn statement declaring that the business activities of the proposed company will be undertaken mainly outside the Cayman Islands. The names and addresses of the proposed first directors must be disclosed to the Registrar.


Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error omission.


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Cayman Islands Company Frequently Asked Question

Will I have to visit Cayman Islands to incorporate a Cayman Islands company ?

Not necessary.  You don't have to travel to Cayman Islands to register a Cayman Islands company.

As a non-Cayman resident, can I own a Cayman Islands company 100% ?

Certainly.  As a non-Cayman resident can own a Cayman Islands company 100%.

What are the minimum capital requirements for a Cayman Islands company ?

There are no minimum capital requirements for a a Cayman Islands company.

Is a resident director required for a Cayman Islands company ?

No.  No resident director is required for a Cayman Islands company.

What is the minimum number of shareholders required for a Cayman Islands company ?

Only one  shareholder requires for a Cayman Islands company.

Are shareholders/directors details of a Cayman Islands company available for public inspection ?

No shareholders/directors details of a Cayman Islands company be available for public inspection.

What are the tax implication of a a Cayman Islands company ?

A Cayman Islands company does not have to pay corporation tax.

What are the Cayman Islands’ Economic Substance Requirements (ESRs) ?

The Economic Substance (EC) Act  requires Cayman Islands incorporated companies to file an economic substance notification. It also requires a “relevant entity” conducting “relevant activity” to report to the Tax Information Authority ("TIA") and maintain economic substance in the Cayman Islands. A “relevant entity” which does not conduct “relevant activity” is not required to submit an economic substance report. A “relevant entity” which receives no “relevant income” is not required to maintain economic substance. 


What is Relevant Activity ?

Entity carrying out the following activity is considered as “relevant activity” as defined further in the ES Act.


1.   banking business

2.   distribution and service centre business

3.   financing and leasing business

4.   fund management business

5.   headquarters business

6.   holding company business

7.   insurance business

8.   intellectual property business

9.   shipping business


ES Test

A relevant entity that conducts a relevant activity must satisfy an ES Test ("ES Test") in relation to that relevant activity. A relevant entity satisfies the ES Test in relation to a relevant activity if the relevant entity:


1.   conducts its core income generating activities ("CIGA") in relation to that relevant activity in the Cayman Islands.

2.   is directed and managed in an appropriate manner in the Cayman Islands in relation to that relevant activity.

3.  having regard to the level of relevant income derived from the relevant activity carried out in the Cayman Islands:

i.    has an adequate amount of operating expenditure incurred in the Cayman Islands

ii.   has an adequate physical presence (including maintaining a place of business or plant, property and equipment) in the Cayman Islands

iii.  has an adequate number of full-time employees or other personnel with appropriate qualifications in the Cayman Islands


Notification obligation (to be compiled with by all entities)

Entities registered with the General Registry must provide a notification to the TIA annually via the General Registry prior to the entity submitting its annual return. Such an entity is required to confirm whether the ES Act applies to it, and in some cases provide certain details such as its financial year end date. For example, if an entity is conducting a relevant activity but its gross income in relation to that activity is subject to tax in a jurisdiction outside of the Cayman Islands, the entity is required to confirm this in the notification and may need to provide appropriate supporting evidence at a later date.


Reporting obligation (to be compiled with only by relevant entities conducting relevant activities)

Relevant entities conducting relevant activities that are required to satisfy the ES Test must prepare and submit to the TIA an annual report containing prescribed information for the purpose of the TIA’s determination whether the ES Test has been satisfied in relation to that relevant activity within twelve months after the last day of the end of each financial year.



It is an offence for a person to knowingly or wilfully supply false or misleading information to the TIA under the ES Act. Such an offence is punishable on summary conviction by a fine of CI$10,000 or with imprisonment for a term of five years, or both. A person also commits an offence if they fail to provide or make available to the TIA within the time specified, or knowingly or wilfully alter, destroy, mutilate, deface, hide or remove, any information requested by the TIA under the ES Act that is in that person’s possession or control. This offence is punishable on summary conviction by a fine of CI$10,000 or with imprisonment for a term of two years, or both.


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