Global business set up experts

Home » Cayman Islands

Cayman Islands company registration

DOING BUSINESS IN CAYMAN ISLANDS IN 2023

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 entities	Offshore company	Crypto-currency company	A Foundation	Resident company
Also known as	Exempt Company	VASP company	Caymans Islands Foundation	Local company
Best use of company?	Trading with global Clients	Crypto Trading	Holding company	Doing business in the country
Regulated by?	General Registry	CIMA	General Registry	The Local Companies Law
The business can be conducted through an Exempted company	Yes	Yes	Yes	Yes
Company incorporation within	1 week	3 weeks	2 weeks	2 weeks
How soon can you hire staff?	Not allowed	2 weeks	Not allowed	3 weeks
How long to secure regulatory license?	Not required	Not required	Not required	3 weeks
How soon can you invoice Clients/sign sales contracts?	2 weeks	2 weeks	2 weeks	3 weeks
How long to supply international corporate bank account numbers?	3 months	3 months	3 months	2 months
Corporate tax rate on annual net profits?	0%	0%	0%	0%
Local physical office premises required	No	TBC	No	Yes
Beneficial owners register maintained	Yes	Yes	Yes	Yes
Limited liability entity?	Yes	Yes	Yes	Yes
Minimum number of directors	1	TBC	0	2
Minimum number of shareholders	1	TBC	0	2
Must prepare annual audited financial statements	No	TBC	No	Yes
Annual economic substance reporting?	Yes	Yes	Yes	Yes
Resident director/partner/manager/ legal representative required?	No	No	No	Yes
Minimum paid up share capital?	US$ 1	US$ 1	US$ 1	US$ 1
Corporate bank account location?	USA	USA	USA	Caymans Islands bank
Average total business set up engagement costs?	US$17,522	US$20,522	US$18,992	US$20,922
Average total engagement period?	2 months	3 months	2 months	2 months

Cayman Islands business setup summary

What are the steps to start a business in the Cayman Islands?

Press the link headings below to read detailed, relevant, up to date information.

Tell us what you need - we’ll send you a customised proposal in 5 hours!

To help us engineer the optimum Cayman Islands corporate structure, please complete the 3-minute questionnaire below; then press the submit button below.

This data remains confidential and is not sold to third-parties.

Within 5 hours, one of our senior staff will ring or email you:

Company purpose?
Will the LLC be a trading company or a holding company?
Will the entity be a subsidiary of a foreign company?
The LLC will be tax resident? Having local customers and local staff and local suppliers?
The entity will receive investment income or professional services fees or sales from trading with multi-national customers?
Is double taxation treaty access important?
Do you need our help to legally minimize your international tax obligations?
Do you need our help to increase e-commerce sales (click link)?
Company structure?
Will the shareholders be individuals or corporate?

In what country do you require a corporate bank account? Refer to this web page (click link) for ideas

Do you need multi-currency corporate visa debit cards?

Do you need a resident director?

Nationality of shareholders and directors?
Expected annual sales and net profits?
Does the entity need a special regulatory license or import or export license?
Additional comments?
Tell us about your existing business?
Name of your existing company?
Your business web site address?
What products and services does your company supply?
How many years are you operating this business?
Is your Firm regulated by a Government agency?
In what country are the majority of your customers?

In what country are the majority of your suppliers?
Tell us about you?
Your name?
Your email address?
What country are you based in?

Specifically, what deliverables (click link) do you need?
What is your US$ budget for the services you need?
What does quality customer service mean to you?
How do we contact you?
For now, do you prefer Healy Consultants PLC staff to phone you, or just email reply you with some corporate solutions?
If a phone call, on what number can our senior Consultant call you?
If an email, what email address can our Consultant email you at?
What alternative email address can our Consultant email you at?
What is your preferred date and time for a phone call?
In what language do you prefer we communicate with you?
What matters would you like to discuss during the call; the agenda?

Thank you for taking the time to complete this important questionnaire. It will help us to timely complete your engagement with minimum inconvenience to you.

Read the Privacy Policy (click link)
I acknowledge that I have read and understood the Privacy Policy, and consent to the collection, use and disclosure of my personal data by Healy Consultants Group PLC and/or Healy Consultants Pte. Ltd. for the purposes set out in the Notice. I want to receive helpful business information such as insights, success tips and how-to guides
Note: By clicking the above, you acknowledge that your information will be processed by MailChimp, our marketing platform. You can unsubscribe at any time through the footer link in our emails.

In the unfortunate case that the questionnaire cannot be submitted, please click on the "Export" button to download the PDF export with your form entries. You can submit this PDF document together with your request to us by email to email@healyconsultants.com. By exporting the form and ensuring the required fields are completed, you agree to the Privacy Policy and consent to the collection of your personal data above.

Useful links for Cayman Islands

Contact us

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!

cayman-immigration

cayman financial services

cayman enterprise city - special economic zone

cayman chamber of commerce

cayman islands society of professional accountants

cayman islands monetary authority

How do you rate this page?

Report a problem or mistake on this page

Leave an online review of our firm

Related videos

Contact us

Testimonial

“Pirster Pte is happy with the work that Healy Consultants undertook for the company. International incorporation can be fraught with opacity, anxiety and vulnerability - especially if it is being done remotely as we did. Healy Consultants worked really hard to make it transparent, straight forward and confidence-inspiring. I look forward to working with Healey Consultants again on future work and happily recommend them to others.”

Fiona Thompson, Managing Director
Pirster Pte.

“We had taken Healy Consultants assistance in incorporating our entities in some of the complicated jurisdictions. Their approach right from the beginning has been very systematic, clear and efficient. It has been a pleasure to work with all of them.”

Mr. Aniket Chatterjee, Senior Manager - Operations & Compliance
Zomato Pvt. Ltd.

“Healy Consultants did an excellent job helping me navigate the legal and accounting rules and regulations to set up a company in Taiwan.”

Peter Rooks, President
Phoenics Electronics

“Thank you Healy Consultants for swiftly project managing my engagement. From the moment I met you in Singapore Healy Consultants attended to my requirements and specific needs. I am more than satisfied with your service. Moreover, your weekly updates allowed me to continue to focus my attention on my global business while trusting you to deliver as promised.”

Shakeel Alibhai,
Fervor Montreal

“Thank you Healy Consultants, you were instrumental in setting up of my Hong Kong based company, the whole process was completed in a professional and timely manner.”

Terry Skews, CEO
Brittany Offshore Limited

“Healy Consultants, a professionally managed firm with clear understanding and knowledge about what client expects from them and delivers the same in a professional and timely manner. Kudos to their team.”

Pramod Dubey, Chief Financial Officer & Company Secretary
Accutest Research Laboratories (India) Private Limited

“Incorporating any company is comparable to setting the foundation blocks of your new company building, which you aim to build in the best location available. By choosing Healy Consultants you are laying the perfect foundations.”

Steve Hauxwell, Managing Director
Natural Resource Professionals Pte Limited.

“The one word that defines Healy Consultants is perfect professionalism. If you have Healy to set up your business abroad, you could focus on the operational overhead and let Healy take care of the rest. From Incorporation to Taxation, it’s a one stop solution. Rest assured, you will have the best people in the Industry working for you and providing you with the best possible information and suggestions.”

Raja Chakraborty, Director
Streamlyn Pte. Ltd.

“Thank you Healy Consultants for successfully project managing our business set up in Kuwait, Lebanon, Qatar and Bahrain.”

Steve Louw, UK General Counsel
JLL Group

“When it was time to establish a Space Academy in Singapore, TriVector needed a knowledgeable firm that could not only help us establish our infrastructure, but could also advise on the local and regional business climate. Healy was that firm, which is why we've been satisfied Healy Consultants for almost five years now.”

Timothy F Kauffman, CEO
Trivector Services

“Finding the right partner was critical for VESL’s expansion in Asia and working with Healy Consultants has made this possible.”

Gary Webb, Managing Director
VESL

“Healy Consultants accounting and tax support is invaluable.”

Chris Vorwerg, Managing Director
WinPCS

“Healy Consultants were instrumental in the set up of our company. They have continued to provide exceptional support and advice over the years.”

Susan Gunnery, Managing Director
Qudoss Group

“Healy Consultants is the best firm that we have ever worked with. Through our entire business relationship we were satisfied with provided level of quality and services. Healy Consultants have been responsive and detail oriented which has allowed us to stay focused on our business and not getting distracted with small details.”

Nikolay Evdokimov, Director
Appintop Echange Pte Ltd