Offshore in the Cayman Islands

How to Buy an Offshore: Cayman Islands

For those choosing offshore jurisdictions, the Cayman Islands are an optimal option for starting a company from scratch. However, the entire process can take quite some time. To speed up the setup, entrust our specialists with document preparation, application filing, and all other tasks. This way, you can start doing business within 2–3 weeks — the average registration time for a company.

Key Features

The Cayman Islands are a state consisting of three islands that is currently thriving and offering favorable conditions for non-resident entrepreneurs. Tens of thousands of companies are registered here. The islands also have a well-developed banking sector and unique opportunities in the tourism industry: pleasant climate, beautiful reefs, tropical vegetation, and more.

The Cayman Islands are an offshore jurisdiction where tourism is the main pillar of the economy. Entrepreneurs can also register a company in the Cayman Islands to conduct business abroad. In such cases, firms can benefit from full tax exemption.

Company Registration in the Cayman Islands: Key Information

Remote registration is available, but only through a local representative.

Individuals must prepare at least:

• A company registration application in the Cayman Islands specifying the desired company name and type of business. Information about directors and shareholders is also required — country and address of residence, citizenship, etc.
• A notarized copy of the international passport — the page with photo and signature.
• Proof of residential address, such as a utility bill not older than 3 months at the time of application.

This list is basic. For the full list of required documents and other questions regarding offshore registration in the Cayman Islands, please contact our specialists.

Companies must have at least one director and one shareholder. Both individuals and legal entities can serve as directors.

Minimum share capital — USD 1. Standard share capital — USD 50,000 divided into 50,000 shares of USD 1 each.

Cayman Islands Company: Mandatory Fees

Even with tax exemptions, firms registered in this jurisdiction must pay an annual government fee. The amount depends on company share capital:

• CI$ 510 — if capital does not exceed CI$ 50,000;
• CI$ 574 — if capital ranges from CI$ 40,000 to CI$ 1,700,000;
• CI$ 1,435 — if capital exceeds CI$ 1,700,000.

All amounts are in Cayman Islands dollars (KYD; symbol — CI$).

The total cost of company registration depends on multiple factors. Contact our specialists for detailed information.

Offshore in the Cayman Islands: Jurisdiction Advantages

The Cayman Islands are popular among entrepreneurs for several reasons:

• bearer shares are allowed;
• no currency control;
• high confidentiality — closed register of directors and shareholders;
• possibility to register investment companies and funds;
• no financial reporting requirements.

One of the main advantages of offshore registration in the Cayman Islands is the absence of taxation. Companies are exempt from corporate income and capital gains taxes. Moreover, legal entities can obtain a tax exemption certificate valid for up to 20 years. This benefit is available to firms registered as an Exempt Company.

To qualify for tax exemption, companies must meet two conditions:

• not generate income from sources within the Cayman Islands;
• not be owned by Cayman Islands residents.

Cayman Islands: Offshore Restrictions for Entrepreneurs

If you plan to register a company in the Cayman Islands, note that there are specific restrictions on international business activities.

Currently, companies are prohibited from:

• borrowing from residents;
• trading within the Cayman Islands;
• purchasing real estate (leasing is permitted).

Most companies are not allowed to operate in banking, finance, or insurance sectors unless they meet strict requirements and obtain the relevant licenses.

Stages of Company Registration in the Cayman Islands

With Incluence Limited, you receive a full range of services. The process is carried out step by step to avoid errors and guarantee successful registration.

• Choose a company name. You can prepare several options. Our specialists will promptly check availability. If all are taken, you’ll be asked to provide more options. Submitting three names is not mandatory but speeds up the process.
• Document preparation. This can be done in parallel with name selection. Minimum requirements include personal documents, proof of address, recommendation letters, etc. The exact list will be provided by our experts.
• Preparation and submission of registration forms. Accuracy is crucial — any inconsistencies may lead to rejection. After correct preparation, documents are filed with the Registry, which our specialists handle.
• Receiving registration confirmation. If necessary, seals and certified copies of documents can be ordered.

Submit an application to begin working with us. Our specialists will call you back, answer your questions, and explain all details of the cooperation.