Cayman Islands company registration


pay fee by instalmentsbusiness setup without travelGuaranteed solutions

Since 2003, Healy Consultants Group PLC assists multi-national Clients’ with Caymans Islands business set up including i) company registration and ii) regulatory license approvals and iii) multi-currency corporate bank account opening and iv) legal and accounting and tax considerations.

Compare different Cayman Islands entitiesOffshore companyCrypto-currency companyA FoundationResident company
Also known asExempt CompanyVASP companyCaymans Islands FoundationLocal company
Best use of company?Trading with global ClientsCrypto TradingHolding companyDoing business in the country
Regulated by?General RegistryCIMAGeneral RegistryThe Local Companies Law
The business can be conducted through an Exempted companyYesYesYesYes
Company incorporation within1 week3 weeks2 weeks2 weeks
How soon can you hire staff?Not allowed2 weeksNot allowed3 weeks
How long to secure regulatory license?Not requiredNot requiredNot required3 weeks
How soon can you invoice Clients/sign sales contracts?2 weeks2 weeks2 weeks3 weeks
How long to supply international corporate bank account numbers?3 months3 months3 months2 months
Corporate tax rate on annual net profits?0%0%0%0%
Local physical office premises requiredNoTBCNoYes
Beneficial owners register maintainedYesYesYesYes
Limited liability entity?YesYesYesYes
Minimum number of directors1TBC02
Minimum number of shareholders1TBC02
Must prepare annual audited financial statementsNoTBCNoYes
Annual economic substance reporting?YesYesYesYes
Resident director/partner/manager/ legal representative required?NoNoNoYes
Minimum paid up share capital?US$ 1US$ 1US$ 1US$ 1
Corporate bank account location?USAUSAUSACaymans Islands bank
Average total business set up engagement costs?US$17,522US$20,522US$18,992US$20,922
Average total engagement period?2 months3 months2 months2 months

Cayman Islands business setup summary

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For additional information on our company registration services in Cayman Islands, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Sales & Business Development Manager
  • Contact me!
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