Cayman Islands Company Formation 

A.C Corporate Solutions Limited partners with Cayman Islands qualified service provider to provide services. Under the laws and regulations of the Cayman Islands, each company is required to appoint a qualified service provider, which is recongnized by the Government. Besides, the company is also required to provide a Cayman Islands address as the registered office address.

  Service Plan
Service Fee (applicable for Exempted Company Limited by Shares; share capital no more than US$50,000 ; no more than 3 shareholders (nature person))

(An Exempt Limited Company by shares which means it is a tax-exempt limited company. If a limited company registered in the Cayman Islands does not operate locally, the Cayman government will not impose any taxes on it. In addition, Exempt Limited Company by shares cannot issue invitations to the people of the Cayman Islands to subscribe for their shares or bonds, and the company cannot hold land in the Cayman Islands unless approved by the Cayman Islands Government.)

 US$3,030/year*

(HKD23,785/year)
Cayman Islands Company Formation ✔
Cayman Islands Government Registration Fees  ✔
Cayman Islands Registered Office Address (1 Year) ✔

Statutory document after formation:

  • Certificate of Incorporation (Electronic copy)
  • Memorandum and Articles of Association (Electronic copy)
  • Register of Directors (Electronic copy)
  • Register of Members (Electronic copy)
  • First Board Minute Appointing the Director (Electronic copy)
  • Company Chop

Time Scale:
Once we have received all the required identification documents, the company formation process will take approximately 3-4 working days subject to compliance review. 

Other Service
Certificate of Good Standing (courier fee is excluded) US$150/set*

(HKD1,178/set)
Certificate of Incumbency US$260/set*

(HKD2,040/set)
Filing of Economic Substance (Annually) US$30*

(HKD235)

*Rate : USD 1 = HKD 7.85 approx.

For further enquiries, please do not hesitate to contact us.

Please Note: Due to the difference in time zones we work on, the replies will not always be immediate from the agent and can impact the response time. 

 

Cayman Islands Company Annual Renewal

On a yearly basis, a Cayman Islands Company must be renewed with the Qualified Service Provider and Authorities in the Cayman Islands. By renewing your company ensures that it is kept in good standing with the authorities in Cayman Islands. There are also accounting and financial statements which need to be filed with the authorities. 

Every company must maintain adequate accounting records showing income, expenses, assets, and liabilities.  They must be available if the government and its tax authorities wish to inspect them. 

ACCS annual renewal fees include government fees and renewal of the Registered Office. The government fees must be paid annually. Every January each company must file a return with the Registrar declaring any changes to the business. The annual renewal fee must be paid by 31st December for the next year.

  Service Plan
Service Fee (applicable for Exempted Company Limited by Shares; share capital no more than US$50,000 ; no more than 3 shareholders (nature person)) US$2,393/year*

(HKD18,785/year)
Cayman Islands Government Fee ✔
Cayman Islands Registered Office Address (1 Year) ✔

*Rate : USD 1 = HKD 7.85 approx.

Other Related Information

A. Why Form a Company in Cayman Islands?

The Cayman Islands is home to many of the world’s top professionals in the areas of law, accountancy, and corporate services and investments expertise. Many of the world’s leading firms in these areas have chosen to set up in the Cayman Islands. The Cayman Islands is recognised internationally for its efforts to adhere to international regulatory standards and plays a leadership role in the offshore arena on international regulatory issues. The jurisdiction is well known to have in place a regulatory regime that surpasses many of the world’s top international financial centers in the area of anti-money laundering While achieving its commercial success, the Cayman Islands has maintained a high level of integrity. It is recognised by the FATF as a leader within the Caribbean region in the fight against money laundering and adheres to all of the relevant international supervisory standards. Due to the flexibility of a Cayman Islands Company Formation, it can be incorporated for a number of different reasons and business activities. A Cayman Islands Company Formation has features protecting the owners of the company.

The key features of a Cayman Islands Company Registration are: 

  • A minimum of one Director and one Shareholder is required, which can be the same person
  • There is no public disclosure of the Director and Shareholder. The directors’ details can be obtained by paying a fee.
  • The Cayman Islands is recognised as a major international financial center with leadership in several areas
  • As the top international banking center, the world’s leading domicile for offshore hedge funds, the second largest captive insurance center, and a world leader in structured finance, the jurisdiction stands as the only offshore international financial center to possess such breadth and depth in financial services
  • The jurisdiction has no direct personal, corporate, or property taxes
  • Private and institutional investors are attracted to the Cayman Islands because of its professional infrastructure, business-friendly approach, flexibility, English common law framework, stability, well-regulated regime, and tax neutrality.
  • The Cayman Islands Government and the private sector have maintained a partnership which has resulted in a climate that is responsive to local and international market needs and provides flexibility while maintaining the financial center’s integrity
  • The Cayman Islands has maintained a very stable economic and political climate throughout its history

 

B. Requirement for Company Name

When choosing a name for a Cayman Islands company formation, you must ensure all words are in English. The name must end with a word, phrase or abbreviation such as Limited (LTD).

The company name is displayed on the public record. 

 

C. Directors, Shareholders and Secretary

A minimum of one director and one shareholder is required for Cayman Islands company formation. They do not need to reside in Cayman Islands and can be any nationality. Officers of a Cayman Islands Company can also be corporate bodies. 

 

D. Share Capital

The standard share capital for a Cayman Islands Exempted Company is 5,000,000 shares with a par value of US$0.01 per share for US$50,000 of authorised share capital. Additional government fees are payable where the capital exceeds US$50,000. Bearer Shares are not permitted. 

 

E. Tax Information for Cayman Islands Company

A great benefit to a Cayman Islands Company Formation is that there are generally no taxes unless the entity is a ‘financial institute’ such as a fund. If the company falls under the new Economic Substance requirements the entity must register with the local Tax Information Authority. Economic substance requirements are commonly limited to investment managers (who need to register with the Cayman regulator) or headquarters company, i.e. those that hold equity in subsidiaries.