The Cayman Islands
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30+ Years Of Experience
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50+ Team Members
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7500+ Happy Customer
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10,000+ Companies Formed (in UAE and worldwide)
The Cayman Islands
Are you looking for a new business venture that will take you to paradise? Look no further than the Cayman Islands! This picturesque destination is not just a tourist hotspot but also offers an array of promising business opportunities. With its stable economy, low taxes, and favorable legal system, the Cayman Islands have become a hub for entrepreneurs looking to establish their businesses in one of the world’s most beautiful locations. There are a number of businesses that can be started in the Cayman Islands, including real estate, tourism, and finance.
The Cayman Islands Exempted Company
The Cayman Islands are a British Overseas Territory situated in the Caribbean Sea approximately 500 miles south of Miami, Florida. The Islands enjoy sophisticated legal, accounting and banking services and derive political stability by virtue of their connection with Britain. The legal system is British and the government is headed by a Governor appointed by the Crown who presides over a Government made up of twelve locally elected members and three senior civil servants who hold ex-officio office.
The Cayman Islands is a mature, sophisticated and strongly regulated jurisdiction, with an established “gold standard” reputation among international investors, a highly experienced professional community
The most common form of company in the Cayman Islands is the exempted company. An exempted company may not trade in the Cayman Islands. However, in connection with its business activities carried on outside the Islands, the company may conclude contracts and exercise in the Cayman Islands all of the powers necessary for such business.
Cayman Islands Company Formation Process
- Obtain a business licence from the Cayman Islands Government.
- At least one directors must be appointed and registered with the Registrar of Companies.
- It is necessary to file various documents with the Registrar of Companies, such as the Articles of Association and Memorandum of Association.
The process of company formation in the Cayman Islands is relatively straightforward and can be completed within a few weeks. Once your company is up and running, you will benefit from a number of tax advantages, including exemption from income tax, capital gains tax.
Features of Cayman Islands Exempted Company
- Minimum: 1
- Residency Requirements: None
- Corporate Shareholder: Permitted
- No minimum requirement
- Shares can be issued without a nominal or par value
- Minimum: 1
- Residency Requirements: None
- Corporate Director: Permitted
- Minimum: 1
- Residency Requirements: None
Details of Beneficial Ownership are not available to the public records
Yes, Company must appoint an approved local registered agent.
- Required to keep proper books of account with respect to its receipts and expenditures, sales and purchases and assets and liabilities.
- not required to be audited or accounts be filed with any authority
- All ‘relevant entities’ will initially have to make a simple notification to confirm amongst other things; whether or not they conduct a ‘relevant activity’.
- Relevant entities’ conducting ‘relevant activities’ will then be required to report certain information on their relevant activities on an annual basis to the Cayman Islands Tax Information Authority, the first such annual report being due no later than 12 months after the last day of the relevant entity’s financial year.
Exempted companies are not subject to any income, withholding or capital gains taxes in the Cayman Islands
Foreign companies being manage and control in the UAE are subject to UAE Corporate Tax and required to register within 3 months from date of incorporation.
Approx 3 business days
Annual renewal to be paid in December every year
Documents Required For Cayman Islands Company Setup
KYC For Individual
- Passport
- Proof of address
- Bank reference
- Detailed CV
- Professional reference letter
- Dully filled FATCA Form
- Notarized US Declaration (if a US Person)
KYC for Corporate
- Certificate of Incorporation
- Registered address and place of business
- Memorandum and Articles of Association
- Register of Shareholders
- Register of Directors
Company Setup Cost – Cayman Islands Exempted Co
The cost of setting up a company in the Cayman Islands is relatively low when compared to other jurisdictions. Cayman Islands Exempted Company setup cost starts from USD 6,250/-
Our business serves as a one-stop shop for all types of company formation services. Many people and corporations have received assistance from Global Business Services in setting up their businesses in Cayman Islands. Get in touch with us via call or email!
Furthermore, we offer professional and affordable services for business setup in Dubai and other emirates in UAE. We have a team of experts to provide you with accounting services in UAE, VAT Consultancy, Shared CFO, UBO Declaration, UAE Corporate Tax, AML in UAE and onshore (Free Zone) or offshore company formation in the UAE.
Call us at 050-1894959 or email offshore@gbsei.com to learn more about the full requirements for company establishment in the Cayman Islands
Why Choose GBS for Company Formation Services in UAE?
Understanding Clients’ Needs
As the best business setup consultancy firm in UAE, our team provides thorough analysis of client requirements and offers a personalized approach tailored to meet each client's needs.
Flexible Pricing & Cost Transparency
For company formation service in UAE, we offer flexible pricing and cost transparency with top of the line multiple payment options, including online payments and bank transfers
Years of Expertise
Global Business Services FZCO holds years of expertise while offering unmatched guidance and support when starting your new venture.
Work Track Record
As a prominent business advisor and consultant, GBS boasts a world-class track record, successfully supporting many firms across various industries.
Client words
Hear what our satisfied clients have to say about their successful journeys with us.
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10,000+
Companies formed
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100%
client satisfaction
I had a fantastic experience with the Global Business Services FZCO. their team was knowledgeable, professional, and efficient. they guided me through the entire process of establishing my business. I highly recommend their services to anyone looking to set up a business in Dubai.
I hired Global Business Services for my online store in Dubai Free Zone. They quickly handled everything from visas to paperwork. Great experience overall.
I’m happy to choose Global Business Services FZCO for their outstanding business setup services in UAE. Their professional team guided me through each stage, answering all my questions quickly and clearly. Their personalized approach made me feel well taken care of.
