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

Contact us

For additional information on our company registration services in Cayman Islands, please contact our in-house country expert, Ms. Jaya Thevathasan, directly:
Consultant at HC - jaya
  • Ms. Jaya Thevathasan
  • Client Relationship Officer
  • Contact me!
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