WHY CHOOSE Cayman Island FOR YOUR BUSINESS?
Explore the unique advantages that make Cayman Island a top choice for
global entrepreneurs and investors.
TAX EFFICIENCY
The Cayman Islands offer zero direct taxes, ensuring maximized business efficiency.
HIGH PRIVACY PROTECTION
Strong confidentiality laws protect shareholder and corporate information.
SIMPLE SETUP PROCESS
Get your company up and running in just 4-5 business days.*
CARIBBEAN FINANCIAL HUB
Access global markets from a well-established financial center.
INCORPORATE YOUR COMPANY IN Cayman Island
IN 5 SIMPLE STEPS
IN 5 SIMPLE STEPS
1
COMPLETE OUR APPLICATION FORM
2
UPLOAD DOCUMENTS
3
COMPANY GETS INCORPORATED SUCCESSFULLY
4
ADDITIONAL SERVICES ARE PROCESSED
5
MANAGE YOUR COMPANY VIA OUR CLIENT PORTAL
GET STARTED
Cayman Island OFFSHORE
COMPANY FORMATION
COMPANY FORMATION
Good to Know
Cayman Island companies are not subject to any form of direct taxation in the Cayman Islands. The Exempt Company may additionally benefit from a tax exemption certificate granted for a period up to 20 years as a safeguard against the local system of company taxation.
Main Characteristics
Company type
Limited Company registered under the Exempted status.
Governing corporate legislation
The Cayman Islands Monetary Authority is the governing authority and companies are regulated under The Companies Law (2016 Revision).
Information published relating to company officers
There is no public register of company officers.
Accounting requirement
No auditing / reporting requirements.
However, under section 59 of the Companies Law, a company is required to keep books of account which give a true and correct view of its affairs, including, where applicable, material underlying documentation including contracts and invoices.
However, under section 59 of the Companies Law, a company is required to keep books of account which give a true and correct view of its affairs, including, where applicable, material underlying documentation including contracts and invoices.
Taxation
No local taxation however, companies which are not “tax resident” outside of the Cayman Islands and which conduct a Relevant Activity must meet substance requirements under Cayman’s Economic Substance Law or face important penalties.
Legislation
Modern offshore legislation.
Standard currency
US$
Time to form
The Cayman island has a fast and efficient registry: it takes about 2 to 3 working days to register a company (upon validation of your identification documents).
Stability
Stable jurisdiction with a very good reputation.
Communication
Efficient communication means.
Time zone
Convenient world time zone: GMT-5
Secretary required
No
Paid up capital requirement
No paid-up capital requirement. The standard share capital is USD 50,000 but can be amended to fit your requirements.
Renewal Date
Anniversary date of the company / Each Year
Basis of legal System
Under Common Law.
Minimum directors/shareholders
Minimum of 1 director/shareholder
Bearer shares
Bearer shares are not permitted.
Documents Required
A certified copy
of your passport (specific wording required), a certified copy of proof of domicile dated less than three months (specific wording required), a curriculum vitae, as well as last 3 months' bank statement. All in original.**
of your passport (specific wording required), a certified copy of proof of domicile dated less than three months (specific wording required), a curriculum vitae, as well as last 3 months' bank statement. All in original.**
CUSTOMER
TESTIMONIALS
TESTIMONIALS
WHY BUSINESSES CHOOSE US FOR COMPANY FORMATION
December 18, 2024
Fast and reliable service. Account manager was responding fast and always to the spot. 
October 17, 2024
Helpful, proactive and good communication and very fast delivery of the requested service. Excellent!
September 19, 2024
Brilliant assistance, always swift and professional replies, generally speaking... happy with SFM
August 2, 2024
The service renderade was proactive, engaged and well excecuted.
READY TO SET UP YOUR Cayman Island COMPANY?
Take the first step toward a successful business setup in Cayman Island with trusted support every step of the way.
Start my company formation
FREQUENTLY
ASKED QUESTIONS
ASKED QUESTIONS
Have questions about starting your business with SFM? We’ve got
answers. Here’s everything you need to know about our company
formation process, pricing, and ongoing support.
-
What type of company do you register in the Cayman Islands?
The type of company that we form in the Cayman Islands is known as Exempted Companies, commonly known as offshore companies, and are regulated under The Companies Law (2020 Revision). An Exempt Company is a company that is registered in the Cayman Islands and conducts its business activity purely outside the island. -
Is a Cayman Islands Offshore Company (Exempt Company) tax liable?
No, Exempt Companies formed in the Cayman Islands are exempt from any form of taxation in the Cayman Islands as long as the Exempt Company does not conduct its business in the Cayman Islands.
While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability. -
Will my name be public once I setup a company in the Cayman Islands?
No, there is no public register of company officers in the Cayman Islands. -
How many directors and shareholders should I appoint to my Cayman Exempt Company?
A minimum of 1 director and 1 shareholder should be appointed to setup an Exempt Company in the Cayman Islands. -
Do I need to submit accounting records for my Offshore Company (Exempt Company) in the Cayman Islands?
No accounting/reporting requirements.
However, the section 59 of the Companies Law requires the company to keep all financial records, which should reflect the financial position of a company and to allow for the preparation of financial statements. -
Will my liability be limited if I register my company as an Exempt Company in the Cayman Islands?
The shareholders’ liability in an Exempt Company is typically limited to the amount of shares respectively held by them. -
Do I need to deposit the paid up capital for a Cayman Exempt Company?
No, there is no paid up capital requirement. The standard share capital is USD 50,000 but can be amended to fit your requirements. -
Are bearer shares allowed in the Cayman Islands?
No, bearer shares are not allowed in the Cayman Islands and tend to disappear from most jurisdictions.
Still have questions?
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