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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
29-Sep-2020
We rate our experience with SFM and the SFM employees we dealt with, as EXCELLENT.

We chose SFM from among multiple companies for the following reasons:

1. Professional website, with clear information and data.
2. Competitive pricing.

But that was not enough for us to choose SFM. So, we decided to meet with SFM. Mr Owiss Refaat (Business Development Manager) welcomed us and answered all our questions clearly and transparently, in addition to providing us with additional advice and suggestions as to what could be best for us.

This was our first dealing with a professional SFM employee who knew what he was talking about.

After that meeting, we decided to proceed with SFM.

SFM assigned to us Ms. Myriam Farahoui (Senior Client Relationship Manager) to assist us with the incorporation of our company in Ras Al-Khaimah.

Myriam displayed an excellent combination of professionalism as well as true friendly customer care throughout our communications and during the entire company registration process.

The communication process was excellent. Requirements and processes were being clearly presented to us. Our questions were being answered promptly, and it is important to note that the answers were not rushed out, half answers. Myriam had our best interest in mind. For example, for one of our important questions related to company classification and activity code, she got us the best answer by contacting the authority and getting us their advice and suggestion on what would be best for our company.

Myriam Farahoui: 10/10, 5 Stars *****

SFM: Highly recommended.
17-Jun-2020
Excellent services , rapidité et professionnalisme .Grace aux professionnalisme de Myriam Farahoui tout a était très bien organisé avec rapidité . Personne très compétente .
Merci de vos service .
11-Jun-2020
I would like to thank Myriam for the extremely professional service that she gave me to get everything in order and expedite the formation of the company. I will definitely recommend your company and Myriam to others.
04-Jun-2020
Company creation support is fine. However the support to open a bank account is rather poor.
21-May-2020
Very poor experience, I wired money on January 29th. After many emails asking them to send me documents they just delivered just one document (Apostille) on May 19th. Today is May 21st and I still haven't received other documents such as POA and without it I can not do anything. They kept stalling and excusing with Covid 19 why they can not send by DHL !? When I was including supervisor in email communication, there was no any reaction, no replay...my agony with them last now for approx. 4 months and it is not over yet.
Strongly recommend to avoid this company to cooperate with!
26-Jan-2020
Professional work and Very helpful staff
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