Easy, fast, confidential, and above all, tax-efficient, the Cayman Islands have become a popular choice amongst smart entrepreneurs.
At Worldwide Fellow, our experts are readily available to assist our global clients to register a company in the Cayman Islands. The services include company formation, providing local nominee directors, and opening corporate bank accounts.
On average, your Cayman Islands company can be registered within three working days upon submitting the necessary documents.
Typically, the process of incorporating your new Cayman Islands legal entity can be as fast as three business days, as soon as we have received all necessary documentation in order.
• Choose a business entity: Our team of experts will reach out to you and advise you on the different types of companies in The Cayman Islands that best fit your business profile. The most common option for offshore companies in the Cayman Islands is a Limited Liability Company (LLC).
• Choose a company name: Concurrently, we will thoroughly search the local Registrar’s Index of Names for the availability of your desired company name and reserve it. The company name has to be unique and not in use by another business.
• Appoint directors and shareholders: A company in the Cayman Islands must have at least one director and one shareholder, who can be individuals or corporate entities. Additionally, a local registered agent is required. We can provide resident nominee directors, shareholders, registered agent if necessary.
• Completing all documents: Subsequently, we will collect information and assist you with the necessary documentation and registrations with the relevant authorities for your Cayman Islands entity.
✓ Providing Nominee Services (Director / Shareholder)
✓ Opening of a Corporate Bank Account with International Banks
✓ Providing a Local Address or Serviced Office
✓ Obtaining a Business License (if necessary)
And you’re done! After the successful incorporation of your new Cayman Islands entity, you are all set to carry out business worldwide. We will courier over the relevant incorporation documents to your preferred address for your safekeeping. Time of delivery varies depending on your location.
A Cayman Islands offshore company is a business entity that is incorporated in the Cayman Islands, but its activities and operations are conducted outside of the Cayman Islands. These types of companies are typically used for various purposes such as asset protection, tax planning, and confidentiality.
Some advantages of incorporating an offshore company in the Cayman Islands include tax neutrality, confidentiality, a stable and well-established legal system, and a favorable regulatory environment. Additionally, Cayman Islands companies are recognized globally as reputable and trustworthy business entities.
To incorporate a Cayman Islands offshore company, you will need to provide a proposed company name, the names of the shareholders and directors, and a registered office address in the Cayman Islands. Additionally, you will need to file certain documents with the Companies Registry, such as the company’s Memorandum and Articles of Association.
Cayman Islands offshore companies are required to file an annual return with the Companies Registry, pay an annual government fee, and maintain accurate accounting records. Additionally, Cayman Islands companies are required to have a registered office and a resident agent in the Cayman Islands. It is advisable to consult with a local attorney or professional to ensure compliance with all relevant laws and regulations.
The annual return is a document that confirms that the company is still in good standing, and that there have been no changes to the company’s directors, shareholders, or registered office.
Ready to incorporate in Cayman Islands? Talk to our experts today and get your Cayman Islands company up and running in no time!