Cayman Islands Company Formations

The most flexible company for non-residents of the Cayman Islands where the proposed activities of the company are mainly offshore, is a Cayman Islands Exempted Company, which is not authorised to trade within or own property within the Cayman Islands but, is completely tax exempt for 20 years on all income generated abroad.

An application to incorporate a company is effected by the delivery of signed copies of the Memorandum of Association and the Articles of Association to the Registrar of Companies.

Once the company has been incorporated, a first meeting of directors deals with administrative matters, including:

  • Appointing directors and officers
  • Approving the transfer of shares held by the subscriber to the memorandum to the proposed shareholders
  • Approving the financial year end of the company
  • Adopting the seal, if applicable
  • Approving the application for a tax undertaking pursuant to the Tax Concession Law of the Cayman Islands - if applicable

Cayman Islands Exempted Companies

Where the proposed activities of a company are to be carried out mainly outside of the Cayman Islands - offshore, an Exempted Company may be registered.

Exempted Company features:

  • Exempted Company need not keep a register of shareholders open for public inspection
  • Exempted Company need not hold an annual general meeting in the islands. (which resident and non-resident companies must)
  • An Exempted Company may alter its Memorandum and Articles of Association without restriction, but must notify same to the Registrar
  • It can offer shares to the public in Cayman if listed on the Cayman Islands Stock Exchange.
  • It may issue shares with nominal or no par value
  • The annual return to the Registrar requires a declaration that: no changes, other than those notified to the Registrar, have been made in the Memorandum of Association; the provisions of the Companies Law have been observed; and the company's operations have been outside the Cayman Islands
  • An Exempted Company need not include the word Limited or the abbreviation Ltd. after its name.
  • The Registrar must give one month's notice before taking action to strike off an Exempted Company
  • An Exempted Company may express its capital in any currency or in multiple currencies

Cayman Islands Non-Resident Companies

The Non-Resident Company is an alternative to the Exempted Company.

Such companies must maintain at their registered office, for public inspection, a register of their past and present members, provide annually the names and addresses of members, directors and the amount of paid-up capital to the Registrar.

The company may deal in shares of exempted companies, foreign corporations and partnerships but, may only carry on such other business in the Cayman Islands as is necessary for the furtherance of its foreign business.

Cayman Islands Company Directors

Only one director is required for your company and the director may be of any nationality. The initial directors details are filed as part of the Memorandum and Articles of the company with the Registrar, subsequent appointments are not on public record.

Cayman Islands Company Shareholders

Only one shareholder is required for your company. There are no nationality or residence restrictions.

Share Capital

  • There is no minimum share capital
  • Exempt companies can issue shares at no par value
  • Non-Resident companies need to put a par value on shares
  • Additional Government fees will apply for a company incorporated with a share capital greater than US$50,000

Registered Office and Registered Agent

Your Cayman Islands company must have a registered office, which must be a physical address in Cayman Islands. The registered office is where documents may be legally served on the company. You must have a registered agent in the Cayman Islands - this is included in our standard company formation price.

Company Secretary

The Cayman Islands Companies Ordinance does not make any specific reference to a requirement for a company secretary, however, it is usual to have company secretary.

Company Incorporation Documents

Once incorporated we provide a set of corporate documents for your Cayman Islands company which, includes the Certificate of Incorporation, Memorandum of Association the Articles of Association, first minutes and share certificates. Copies of the company incorporation documents are sent via email and the originals from the companies registry are sent to you in a corporate folder.

Company Registers

Companies must maintain shareholder and director registers at the registered office. Registers contain personal information along with information on each individuals share holding. These registers are filed at the companies registry but are not available for public inspection.

Another register of mortgages and charges must be kept at the registers office, which may be inspected by shareholders, directors and creditors.


Generally there is no auditing requirements in the Cayman Islands. Only companies who are subject to certain licensing legislation as a result of specific proposed activities are required to conduct an audit.

Annual Return

Companies incorporated in the Cayman Islands must file an annual return in January of each year. This annual return must be filed alongside payment of the annual government fee.


Companies in the Cayman Islands are not subject to any form of direct taxation in Cayman Islands. An exempt company provides the additional benefit of a tax exemption certificate granted for a period of up to 20 years.

Company Law

In the Cayman Islands the registration and control of companies is governed by the Companies Law (2010 Revision)

Contact Us
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Cayman Islands Fees to Incorporate
  • Company Formation Exempt company incorporation - £1600
  • Provision of Registered Office and Resident Agent - £1200
  • Filing Fee - £95
  • Stamp Duty - £65
  • Government Fee - US$850
  • Tax Exemption Certificate - US$1850
  • UBO Register Submission - £175
  • Company Secretary  if required - £550
Cayman Islands Annual Maintenance Fees
  • due Jan each year
  • Provision of Registered Office and Resident Agent - £1200
  • Company Management Fee - £200
  • Annual Government Fee - US$732
  • Cayman Islands Monetary Authority Fee (CIMA) - US$185
  • UBO Register Maintenance - £175
  • Company Secretary  if required - £550
Cayman Islands Advantages
  • Time - 5-7 days to incorporate your Cayman Islands company
  • Directors - only 1 director of any nationality is necessary for your company
  • Shareholders - only 1 shareholder is required
  • Share Capital - there are no minimum share capital requirement
  • Registered Office - your company requires a registered office in the Cayman Islands, which we can provide
  • Tax - Companies registered in the Cayman Islands are not subject to any form of direct corporate taxation
  • Travel - It is not necessary to visit the Cayman Islands.
  • Support - using our 20 years experience we guide you throughout every step of the company formation process
Required to Proceed
  • Company Name - We can check your company name is available
  • Passport - colour scan of your passport
  • Documents - copy of a utility bill, credit card or bank statement showing your private address
  • Start now - complete here
  • Upload - proof of address & copy passport can be uploaded here