Cayman Islands Company | Formation and Offshore Bank

A Cayman Exempted Company is a private limited company (PLC) registered under the Cayman Islands Companies Act for offshore operations. It is different to Cayman Islands LLC, and offers 100% foreign ownership, no corporate income tax, no capital gains tax, and is exempt from annual general meetings or statutory audits unless regulated.

To incorporate, you’ll submit a Memorandum and Articles of Association, a declaration of exempt status, and details for at least one shareholder and one director. A local registered office is mandatory and typically provided by a licensed registered agent. There is no minimum share capital requirement, and companies can issue registered shares or bearer shares (subject to restrictions).

The Registrar of Companies oversees all registrations under the General Registry. A licensed service provider or corporate services firm handles filings and pays applicable government incorporation fees. Companies must also appoint a company secretary and ensure ongoing statutory compliance with domestic laws.

Every Exempted Cayman Company must file an annual return, pay an annual government fee, and maintain internal statutory registers (e.g., register of shareholders, register of directors, beneficial ownership register). While audited financial statements are not mandatory, proper books of account must be maintained for five years.

No. There is no public register of shareholders or directors for an Cayman Islands Offshore Company. Ownership details are kept confidential by the registered office provider or company secretary and disclosed only to authorities when required for AML or economic substance compliance.

Offshore incorporation for a Cayman Islands Exempted Company suit investment funds, wealth management, joint ventures, real estate holding, family office structures, fintech, blockchain businesses, and international trading. This structure is ideal for asset protection, intellectual property ownership, investment holding, as well as SPVs (Special Purpose Vehicles) for global business needs.