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How to register a company in Cayman Islands?

How to register a company in Cayman Islands?

Being one of the richest in the British Overseas Territory, the Cayman Islands has always been an attraction for businessmen and entrepreneurs globally to set up their offshore companies due to its tax benefits for companies. It can be difficult and time-consuming to register a company in Cayman Islands, however, with our expertise at the Worldwide Fellow, we can assist you to get your new business entity up and running fast and at a low cost. 

Can a foreigner register a company in Cayman Islands?

The Cayman Islands has been favoured by businessmen worldwide largely due to its tax benefits and friendliness to foreign investors on their shores. Without a need for a local director in Cayman Islands, you are guaranteed that your new business entity is 100% fully owned by you. The minimum requirements of a Cayman Islands company would be 1 director, 1 shareholder and a corporate secretary of any nationality. 

However, a local registered agent and a local registered address are required, to attend to your business matters such as official contact and delivery in the Cayman Islands.    

Selecting your Cayman Islands Company

It is important that you understand the different structures and entities for companies in the Cayman Islands to help you achieve your business goals. Typically, the most common entity foreign businessmen would select to incorporate would be the Exempted Company in Cayman Islands, which provides various benefits, especially in terms of taxes.

Incorporating your Cayman Islands Company

Then, our team will assist you in preparing the relevant documents needed for the incorporation. Concurrently, we will help you check with the local registrar and reserve your preferred company name to confirm its availability. Once everything is set, we will submit it to the relevant authorities for you. Throughout the incorporation process, travelling to the Cayman Islands is not required. 

Turnaround time after receiving the documents, can take anywhere from 3 days to 1 week. Upon your company being registered, we will notify you through email and send you the documents such as the Certificate of Incorporation to your registered email address. Subsequently, we will courier these documents to you at your preferred address for your safekeeping. 

Opening your Cayman Islands Corporate Bank Account

After the successful incorporation, our consultants will proceed to assist you in opening a corporate bank account. We can help you open an account through our business relationships with world-class banks and financial institutions in different jurisdictions. Travelling is optional depending on the institution you are opening the account at. 

Typically, a corporate bank account can be opened within 2 – 4 weeks, at the bank’s discretion. Once the corporate account has been granted and set up, your company can be up and running, ready to expand its global reach and success. 

Do contact us here or email us at support@worldwidefellow.com and we will gladly assist you in registering your Cayman Islands company today!

Learn more about your Cayman Islands company here.

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