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Cayman Islands Offshore Company Formation

The Cayman Islands are a British Overseas Territory encompassing 3 islands in the western Caribbean Sea. Grand Cayman, the largest island, is known for its beach resorts and varied scuba diving and snorkelling sites. Cayman Brac is popular for deep-sea fishing of tuna, marlin and barracuda. Little Cayman, the smallest island, is home to diverse wildlife, from rock iguanas to red-footed boobies.

Country: Cayman Islands
Population: Approximately 58,435 (2013)
Capital: George Town
Currency: Cayman Islands dollar
Language: English speaking

Cayman Islands Offshore Company Formation £3150.00 + Vat
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Services Included Year 1 Year 2 onwards
Incorporation NIL
Government Fee US $1000 annual
Corporate Domicile £900
Director and Nominee Service Optional Extra Optional Extra
Estimated renewal costs in year two: £2,520.00

Please note that information given on this page is subject to change at any time without notice as a consequence of changes made in local legislation.

Details of Company (International Business Company – IBC):

  • Can have one or more subscribers and thereafter multiple shareholders.
  • The minimum number and residency of directors and officers are subject to business activities.
  • No public disclosure of shareholders.
  • Accounts are required to be prepared and maintained but not filed.
  • Taxation and capital gains are not applicable in many cases.

Banks

A member of our banking team will be able to advise on a suitable offshore bank account for a Cayman Islands Company formation.

N.B. Banking does not have to be in the jurisdiction of incorporation and this cost can be reduced substantially by placing offshore banking in other overseas jurisdictions.

Company Renewal:
All jurisdictions have different requirements for the annual company renewal. All companies incorporated in the Cayman Islands must be renewed in January rather than on the anniversary of incorporation. We will automatically send you an invoice when your renewal is due.

Turner Little and its affiliates do not provide tax, legal or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.