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Cayman Island Company Registration

More Information
Steps to company formation - Cayman Island
 
 
Upload your documents
Your account manager will ask you for official documents which are required for your company formation.
 
Register your company successfully
Once your documents have been processed your company will be successfully registered.
 
Process any additional services
Your account manager will guide you through the steps of completing your request of additional services such as bank accounts.
 
Manage Your company via our client portal
Our client portal will give you immediate access to all your documents as well as display your company structure.
 
 

Banking Options

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Cayman Island Company
Good to Know
Cayman Island companies are not subject to any form of direct taxation in the Cayman Islands. The Exempt Company may additionally benefit from a tax exemption certificate granted for a period up to 20 years as a safeguard against the local system of company taxation.
Main Characteristics
Company type
Limited Company registered under the Exempted status.
Governing corporate legislation
The Cayman Islands Monetary Authority is the governing authority and companies are regulated under The Companies Law (2016 Revision).
Information published relating to company officers
There is no public register of company officers.
Confidentiality
The Cayman Island offers a high level of anonymity and privacy.
Accounting requirement
No auditing / reporting requirements.
However, under section 59 of the Companies Law, a company is required to keep books of account which give a true and correct view of its affairs, including, where applicable, material underlying documentation including contracts and invoices.
Taxation
No local taxation however, companies which are not “tax resident” outside of the Cayman Islands and which conduct a Relevant Activity must meet substance requirements under Cayman’s Economic Substance Law or face important penalties For more information about the Economic substance requirements , please check the following press release by the Cayman island financial services : http://www.caymanfinance.gov.ky/portal/page/portal/pruhome/pressroom/2018/cayman-publishes-bills-to-further-strengthen-standards .
Legislation
Modern offshore legislation.
Standard currency
US$
Time to form
The Cayman island has a fast and efficient registry: it takes about 2 to 3 working days to register a company.
Stability
Stable jurisdiction with a very good reputation.
Communication
Efficient communication means.
Time zone
Convenient world time zone: GMT-5
Secretary required
No
Paid up capital requirement
No paid-up capital requirement. The standard share capital is USD 50,000 but can be amended to fit your requirements.
Renewal Date
Anniversary date of the company / Each Year
Basis of legal System
Under Common Law.
Minimum directors/shareholders
Minimum of 1 director/shareholder
Bearer shares
Bearer shares are not permitted.
Documents Required
for the Creation of the Company
A certified copy Certification of a passport can be made by a notary, an attorney-at-law, a bank, a public officer, or in accordance with SFM indications. Kindly consult your dedicated account manager at SFM to obtain precise information. of your passport (specific wording required), as well as a certified copy of a proof of domicile dated less than 3 months. All in original.**






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* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.

Our Client Reviews

Our Testimonials Are Verified By Feefo, A Third Party Company

4.7 out of 5 stars customer rating
Overall Rating
96% Customer satisfaction rate, testimonials verified by Feefo.com
01-Jun-2014
despite that the provide the service at the end of the day, however, there is significant delay and lack of prompt communication from SFM side.
also i have notices that there is a lack of coronation between SFM members, i have been been asked several times to submit documents already at their end, simply because i'm dealing with different persons.
21-May-2014
Very professional team, particularly the legal counsel we have been dealt with, very sound compliance acumen.
15-May-2014
What I can say Mrs. Fattah was an exelent partner in what she was organising till the end.
Best Regards
Michael Schulz
15-May-2014
Very professional, clear and prompt service - where agents understand clients needs and have good knowledge and experience to help and guide clients in the process.
14-May-2014
I enjoy dealing with, they have an excellent follow up
I will recommend their service
Easy process
12-May-2014
SFM have helped to incorporate several companies and helped to open bank accounts at several different banks. Their staff is very friendly and very professional. I would certainly use their services again.
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