The exempt company in the Caymans Islands in 2024

Since 2003, Healy Consultants Group assists multi-national Clients with Caymans Islands company incorporation, including the popular Exempted company. Approximately 83% of all entities registered in the Caymans Islands are exempt companies. Some simple considerations include:

• This entity can only conduct overseas business and is forbidden to engage in local business with Caymans Islands citizens; and
• A legal annual return (click link) must be submitted to the Government including i) information about any modifications of the Memorandum of Association and ii) a statement confirming that no business was conducted within the jurisdiction; and
• During company incorporation, the Cayman Islands government issues a Tax Exemption Certificate, a 20-year written guarantee ensuring an Exempted Company will not be subject to taxes for 20 years; and
• Without the need for a regulatory license, an exempt company is allowed engage in overseas business as i) a private or mutual fund and ii) Segregated Portfolio Company; and
• Because of the business flexibility of a Cayman Islands exempt company, it can apply to the local Government for i) a special license to carry out its business within the Cayman Islands and or ii) permission to be designated as a pass through LLC (similar to a Delaware LLC) and iii) secure a CIMA regulatory license to supply financial services to overseas customers and iv) to be reclassified as a free zone company with the CEC; and
• Refer to attached adobe pdf file to view an example of sales invoices for this type of Caymans Islands entity:

  Engagement type	Invoice
  New business set up	View invoice PDF
  Annual renewal of the company	View invoice PDF