Description
In the Cayman Islands, the two most common corporate structures are the Exempted Company, incorporated under the Companies Act (Part VII), (Revised), and the Limited Liability Company (LLC), registered under the Limited Liability Companies Act, (Revised).
Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a Cayman Islands Company, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees, and assignments such as the preparation of a certificate of incumbency, and the notarization of documents, which are generally required for opening bank accounts.
NOTE: Please note that effective 1st January 2024, the incorporation fees and filing fees payable to the General Registry (government fees) have increased for exempted companies, and for LLCs. Such increase is already included in the below incorporation fees.
Cayman Islands Exempted Company Formation – USD 7,100.00 (All Included)
- All applicable Registration and Government Fees and Duties (General Registry of the Cayman Islands)
- Preparing and executing mandatory affidavit that no business will be carried on within the Cayman Islands
- Preparing Memorandum of Association and Articles of Association and filing such articles with the General Registry
- Acting as Subscriber and executing the Memorandum of Association & Articles of Association
- Providing the Certificate of Incorporation issued by the General Registry of the Cayman Islands
- Preparing Subscription Agreements
- Preparing Director’s Acceptance Letters
- Preparing and executing Subscriber Resolutions for the appointment of the first Directors
- Preparing and executing the Share Transfer Instrument for the transfer of Shares from the Subscriber to the Shareholder
- Preparing the First Board Resolution resolving the Issuance and Allotment of Shares, Appointment of Directors, Registered Office, etc
- Preparing the Register of Directors, file the Register with the General Registry, and Providing Stamped Copy
- Filing Ultimate Beneficial Ownership information with the Private Register of Beneficial Owners
- Preparing the Register of Members
- Providing Registered Office Services, including Business Address, for the calendar year
- Preparing and executing a Certificate of Incumbency
- Preparing the Notarized set of Corporate Documents
- Preparing the Share Certificates, if applicable
- Delivery of Corporate Documents, inclusive of Courier Fees
Cayman Islands Limited Liability Company (LLC) Formation – USD 8,300.00 (All included)
- All applicable Registration and Government Fees and Duties (General Registry of the Cayman Islands)
- Providing the Certificate of Registration issued by the General Registry of the Cayman Islands
- Preparing and executing Limited Liability Company Registration Statement
- Preparing and executing mandatory affidavit that no business will be carried on within the Cayman Islands
- Preparing a tailored Limited Liability Company Agreement for Members’ review and execution (unlimited reviews)
- Preparing the Register of Managers, file the Register with the General Registry, and Providing Stamped Copy
- Filing Ultimate Beneficial Ownership information with the Private Register of Beneficial Owners
- Preparing the Register of Members
- Providing Registered Office Services, including Business Address, for the calendar year
- Preparing and executing a Certificate of Incumbency
- Preparing the Notarized set of Corporate Documents
- Preparing the Membership Certificates, if applicable
- Delivery of Corporate Documents, inclusive of Courier Fees
Time to form
We prepare all the incorporation documents and file the company with the General Registry within one day. At the time of filing your company with the General Registry, there are two procedures available:
- Standard Procedure: It may take for the Cayman General Registry 3 to 5 business days to process the company registration, and issue the certificate of incorporation and stamped M&AA.
- Express Procedure: The Registrar of Companies will process the registration of the company in 1 day, upon payment of an additional ‘express’ fee of USD 1300 to the Cayman General Registry (Government Fee).