Steps to company formation - Cayman Island

Complete our application form - 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.
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.
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.
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.
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 (upon validation of your identification documents).
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 
Cayman Island Company, ideal for:

Cayman Islands Offshore Company Formation
* 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.
** 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
96%
Customer satisfaction rate, testimonials verified by Feefo.com
28-Feb-2014
SFM delivered me a very good and rapid service, they are very reactive and professionals.

SFM delivered me a very good and rapid service, they are very reactive and professionals.

28-Feb-2014
The service is very efficient.
The listening followed by the search for the best solution are the watchwords of this company.
Excellent!

The service is very efficient.
The listening followed by the search for the best solution are the watchwords of this company.
Excellent!

28-Feb-2014
I have used SFM and was happy with service : professionalism and very reactive. The website gave all the information I needed so I was confident in ordering company registration.
Yes, I would absolutely recommend to use SFM services.

I have used SFM and was happy with service : professionalism and very reactive. The website gave all the information I needed so I was confident in ordering company registration.
Yes, I would absolutely recommend to use SFM services.

28-Feb-2014
My experience with SFM is excellent, they are very professional in all areas they offer. If you have any question they always answer quick and in an professional way.

My experience with SFM is excellent, they are very professional in all areas they offer. If you have any question they always answer quick and in an professional way.

23-Feb-2014
Things have been very smooth since my first contact with SFM and they always answered pricisely and quickly to my anwers.

Things have been very smooth since my first contact with SFM and they always answered pricisely and quickly to my anwers.

21-Feb-2014
I am very pleased with the service which SFM has provided me. The process was efficient, straight forward, and quick. I have used various corporate service providers in the past and after using SFM, it has taken the number one spot. Everybody who were involved in setting up the company have been very helpful and accommodating. I will definitely be using SFM for any future business.

I am very pleased with the service which SFM has provided me. The process was efficient, straight forward, and quick. I have used various corporate service providers in the past and after using SFM, it has taken the number one spot. Everybody who were involved in setting up the company have been very helpful and accommodating. I will definitely be using SFM for any future business.
