incorporate in cayman islands

Incorporate in Cayman Islands

$3,550.00

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 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.

NOTE: Please note that effective 1st January 2024, the incorporation fees and filing fees payable to the General Registry (government fees) have increased  for exempted companies, and  for LLCs. Such increase is already included in the below incorporation fees.

Cayman Islands Exempted Company Formation – USD 3,550.00 (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 4,150.00 (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 650 to the Cayman General Registry (Government Fee).

Bank Account Opening Services (Optional)

We assist you in opening a bank account in Cayman Islands.

  • Cayman Islands Bank Account - USD $ 700.00
    Cayman Islands Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Cayman Islands Bank Account
    USD 100,000
    Yes
    USD, EUR, GBP
    Yes
    Owners/shareholders need to have a strong justifiable nexus to the Cayman Islands.
    Cayman Islands Bank Account
    USD 250,000
    Yes
    USD, EUR, GBP, CAD, AUD, JPY, SEK, CHF
    Yes
    Cayman Islands Bank Account
    USD 25,000
    Yes
    USD, CAD, CHF, EUR, GBP, JPY, AUD
    Yes
    Cayman Islands Bank Account
    USD 100,000
    Yes
    USD, EUR, CAD, GBP, AUD, Multicurrency
    Yes
    NCB Cayman Bank offers trading, private and investment bank accounts
    Cayman Islands Bank Account
    USD 500,000
    No
    Multicurrency
    Yes
    Entities 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:

  • Andorra Bank Account - USD $ 1,200.00
    Andorra Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Andorra Bank Account
    USD 500,000
    Yes
    USD, EUR, CHF, CAD, AUD, SEK, NOK, NZD
    Yes
    Private 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.
  • Antigua Bank Account - USD $ 300.00
    Antigua Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Antigua Bank Account
    USD 10,000
    Yes
    USD, EUR
    Yes
    In 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.
    Antigua Bank Account
    USD 25,000
    Yes
    USD, EUR, GBP
    Yes
    Cash Secured Visa Credit Card
    Antigua Bank Account
    USD 5,000
    Yes
    USD, EUR
    Yes
    UnionPay Cards work without inconvenience in the USA.
  • Armenia Bank Account - USD $ 1,200.00
    Armenia Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Armenia Bank Account
    USD 50,000
    Yes
    EUR, USD, RUB, AMD
    Yes
    Business 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.
  • Bahamas Bank Account - USD $ 500.00
    Bahamas Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Bahamas Bank Account
    USD 1,000,000
    No
    USD
    Yes
    Family Offices, Fund Managers and Asset Managers only.
    Bahamas Bank Account
    USD 100,000
    Yes
    Multicurrency
    Yes
    Only companies registered in the Bahamas. Economic substance required.
    Bahamas Bank Account
    USD 10,000,000
    No
    Multicurrency
    Yes
    Primary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.
    Bahamas Bank Account
    USD 1,000,000
    Yes
    Multicurrency
    Yes
    Credit Card available on a case by case basis.
    Bahamas Bank Account
    USD 1,000,000
    Yes
    Multicurrency
    Yes
    Remote account opening is possible, but the bank will visit the client within first year after opening.
    Bahamas Bank Account
    USD 500,000
    Yes
    USD, EUR
    Yes
    Prepaid debit card available.
  • Belize Bank Account - USD $ 300.00
    Belize Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Belize Bank Account
    USD 4,000
    No
    EUR, GBP, USD
    Yes
    Belize Bank Account
    USD 1,000
    Yes
    USD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOK
    Yes
    Prepaid Visa cards available.
    Belize Bank Account
    USD 3,000
    Yes
    Multicurrency
    Yes
  • BVI Bank Account - USD $ 900.00
    BVI Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    BVI Bank Account
    USD 20,000
    No
    USD, GBP, HKD
    Yes
    Bank of Asia does not onboard corporations who have a connection in US and Russia.
    BVI Bank Account
    USD 500,000
    No
    Multicurrency
    Yes
    VP 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.
  • Cook Islands Bank Account - USD $ 600.00
    Cook Islands Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Cook Islands Bank Account
    USD 250,000
    Yes
    USD, EUR, GBP, CAD, NZD, AUD, SGD, HKD
    Yes
    Clients can have a corporate account for operational purposes only if they open an investment account as well.
  • Curaçao Bank Account - USD $ 500.00
    Curaçao Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Curaçao Bank Account
    USD 100,000
    No
    Multicurrency
    Yes
    Internet Banking only for viewing the account, not for operating
    Curaçao Bank Account
    N/A
    Yes
    Multicurrency
    Yes
  • Cyprus Bank Account - USD $ 1,200.00
    Cyprus Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Cyprus Bank Account
    N/A
    Yes
    Multicurrency
    Yes
    Supports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
  • Dominica Bank Account - USD $ 300.00
    Dominica Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Dominica Bank Account
    USD 15,000
    Yes
    USD, EUR, GBP, CHF
    Yes
    Dominica Bank Account
    USD 15,000
    Yes
    USD, EUR, GBP
    Yes
    Dominica Bank Account
    N/A
    No
    Multicurrency
    Yes
    SWIFT transactions are carried out only through a pool account in the name of the bank.
    Dominica Bank Account
    N/A
    No
    Multicurrency
    Yes
    Dominica Bank Account
    N/A
    No
    EUR, USD
    Yes
    SWIFT transactions are carried out only through a pool account in the name of the bank.
  • Gibraltar Bank Account - USD $ 1,200.00
    Gibraltar Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Gibraltar Bank Account
    N/A
    No
    Multicurrency
    Yes
    Gibraltar Bank Account
    USD 200,000
    No
    USD, EUR, GBP
    Yes
  • Hong Kong Bank Account - USD $ 1,400.00
    Hong Kong Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Hong Kong Bank Account
    HKD 100,000
    Yes
    Multicurrency
    No
    A business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
    Hong Kong Bank Account
    HKD 200,000
    Yes
    HKD, USD, Multicurrency
    No
    A business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
  • Isle of Man Bank Account - USD $ 1,200.00
    Isle of Man Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Isle of Man Bank Account
    N/A
    No
    USD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGN
    Yes
    Preferred industries: Asset Holding Entities, e-sports, yachting, aviation, e-commerce, internet sales and trading, business consultancy, advertising and marketing, property development and management.
  • Labuan Bank Account - USD $ 500.00
    Labuan Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Labuan Bank Account
    USD 10,000
    No
    USD, JPY, SGD, EUR, GBP
    Yes
    Labuan Bank Account
    USD 250,000
    No
    Multicurrency
    Yes
    Labuan Bank Account
    USD 25,000
    No
    USD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AED
    Yes
    They focus more on Labuan incorporated entities.
  • Liechtenstein Bank Account - USD $ 1,200.00
    Liechtenstein Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Liechtenstein Bank Account
    USD 500,000
    No
    Multicurrency
    Yes
    Every active NFE needs to have a substance.
  • Mauritius Bank Account - USD $ 600.00
    Mauritius Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Mauritius Bank Account
    USD 50,000
    No
    Multicurrency
    Yes
    Mauritius Bank Account
    USD 50,000
    Yes
    Multicurrency
    Yes
  • Nevis Bank Account - USD $ 300.00
    Nevis Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Nevis Bank Account
    USD 10,000
    No
    USD, EUR, GBP, Multicurrency, CHF, CAD
    Yes
    Nevis Bank Account
    USD 100,000
    No
    USD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKD
    Yes
    Nevis Bank Account
    USD 25,000
    No
    Multicurrency
    Yes
    Nevis Bank Account
    USD 10,000
    No
    USD
    Yes
  • Panama Bank Account - USD $ 1,200.00
    Panama Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Panama Bank Account
    USD 50,000
    Yes
    USD, EUR
    Yes
    Panama Bank Account
    USD 10,000
    Yes
    USD, EUR, CHF, GBP, CAD
    Yes
  • Puerto Rico Bank Account - USD $ 300.00
    Puerto Rico Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Puerto Rico Bank Account
    N/A
    Yes
    USD, HKD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD, TRL, XAF, ZAR
    Yes
    Unionpay Merchant service for clients.
    Puerto Rico Bank Account
    USD 25,000
    No
    USD
    Yes
    Their main focus is on commercial type, trade finance.
    Puerto Rico Bank Account
    USD 10,000
    No
    Multicurrency
    Yes
    Puerto Rico Bank Account
    USD 150,000
    No
    USD
    Yes
  • Saint Lucia Bank Account - USD $ 300.00
    Saint Lucia Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Saint Lucia Bank Account
    N/A
    No
    Multicurrency
    Yes
    Saint Lucia Bank Account
    USD 5,000
    Yes
    USD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZAR
    Yes
  • Seychelles Bank Account - USD $ 500.00
    Seychelles Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Seychelles Bank Account
    USD 25,000
    No
    USD
    Yes
    Internet banking is in view mode only, all transactions are carried out via email or by phone.
  • Singapore Bank Account - USD $ 900.00
    Singapore Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Singapore Bank Account
    SGD 100,000
    No
    USD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CAD
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    Singapore Bank Account
    USD 3,000,000
    No
    USD, SGD
    Yes
    Singapore Bank Account
    SGD 250,000
    No
    Multicurrency
    No
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    Singapore Bank Account
    SGD/USD 30,000
    No
    SGD, AUD, CAD, RMB, EUR, HKD, JPY, NZD, GBP, USD
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    Singapore Bank Account
    SGD/USD 30,000
    No
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    Singapore Bank Account
    USD 30,000
    No
    USD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHF
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    Singapore Bank Account
    SGD 250,000
    No
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
  • Switzerland Bank Account - USD $ 1,200.00
    Switzerland Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Switzerland Bank Account
    CHF 500,000
    Yes
    EUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AED
    Yes
    Amina Bank does not open accounts with a pure transactional business nexus.
    Switzerland Bank Account
    CHF 1,000,000
    Yes
    Multicurrency
    Yes
    Switzerland Bank Account
    CHF 500,000
    Yes
    Multicurrency
    Yes
    Switzerland Bank Account
    CHF 5,000
    Yes
    Multicurrency
    Yes
    Companies must have an expected turnover of at least CHF 3,000,000.
    Switzerland Bank Account
    CHF 3,000,000
    Yes
    Multicurrency
    Yes
    Deposit 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.
  • USA Bank Account - USD $ 1,400.00
    USA Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    USA Bank Account
    USD 100,000
    No
    USD
    Yes
    min deposit USD 100k and more AND/OR with revenues of USD 1M
    USA Bank Account
    from 10,000 but preferred 250K-300K
    Yes
    USD, Multicurrency
    Yes
    They tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.
    USA Bank Account
    USD 5,000
    Yes
    USD
    Yes
    The company should trade in Asia and the USA.
    USA Bank Account
    Typically USD 25,000 - USD 50,000, for high risk USD 500,000
    Yes
    USD
    Yes
    At least one US based signatory is required. Purpose to open an account in US is required.
  • Vanuatu Bank Account - USD $ 500.00
    Vanuatu Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Vanuatu Bank Account
    1,500 EUR
    No
    EUR, GBP, USD
    Yes
    Outgoing USD transactions cannot be facilitated.
  • EMI Account - USD $ 300.00
    EMI Accounts
    EMI
    Min Deposit
    Cards
    Currencies
    Remote
    DNBC (CA) (former DSBC)
    N/A
    No
    EUR, CAD, GBP, CHF, HKD
    Yes
    Hong Kong EMI Account
    N/A
    Yes
    Multicurrency
    Yes
    Kazakhstan EMI Account
    Depending on category.
    No
    Multicurrency
    Yes
    Lithuania EMI Account
    N/A
    Yes
    EUR
    Yes
    Lithuania EMI Account
    N/A
    No
    EUR, CAD, GBP, CHF, HKD
    Yes
    Lithuania EMI Account
    N/A
    No
    EUR
    Yes
    Lithuania EMI Account
    N/A
    No
    EUR, USD, GBP, SEK, JPY, HKD
    Yes
    Luxembourg EMI Account
    N/A
    No
    Multicurrency
    Yes
    Singapore EMI Account
    N/A
    Yes
    SGD, USD
    Yes
    United Kingdom EMI Account
    N/A
    Yes
    EUR, GBP
    Yes
    United Kingdom EMI Account
    N/A
    No
    EUR, GBP
    Yes
    United Kingdom EMI Account
    Depending on category.
    No
    EUR, GBP
    Yes

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)

NOTE: Please note that effective 1st November 2023, the annual fees payable to the General Registry (government fees) have increased  for exempted companies, and  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.

Company Type

SKU: INC-BV-001-1 Category: