Company formation in Cayman Islands
Exempted company
Legal minimum, year 1£3,260
Legal minimum, per year after£1,430
Typical year 1£4,830
Corporation tax0%Ease Banking
Every fee
Setting up
Government fee£660
About CI$712 (US$854) registrationRegistered office provider formation£400 to 1,200
Required
Registered office (first year)£770 to 1,540
Required
Share capitalNone
Time to form1 to 5 days
Running it, per year
Government annual fee£660
Required
Registered office£770 to 1,540
Required
Substance and beneficial ownership filings£0 to 800
Required
Legal minimum after year 1£1,430
Audit: Not required unless regulatedForeign ownersNo resident directorFully remote via registered office provider
Tax0%Dividend withholding: 0%VAT/GST: None
BankingVery hard to bank outside funds structures
Mostly used for funds and VC holding structures.
SourcesPwC tax summary
Questions
- How much does it cost to set up a company in Cayman Islands?
- The legal minimum for the first year is £3,260, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £4,830. The government fee is £660 (About CI$712 (US$854) registration). Share capital is not included.
- How much does it cost per year to run a company in Cayman Islands?
- The legal minimum after the first year is £1,430 a year. Running costs including optional and practically needed services range from £1,430 to 3,000. Audit: Not required unless regulated.
- Do I need a local director in Cayman Islands?
- No. No resident director.
- Can a non-resident form a company in Cayman Islands remotely?
- Yes. Fully remote via registered office provider.
- What is the corporation tax rate in Cayman Islands?
- 0%. Dividend withholding: 0%. VAT/GST: None.
- How long does it take to form a company in Cayman Islands?
- 1 to 5 days.
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