Trust and company service provider in Hong Kong Licence No.: TC006906
Opening a Cayman Islands Company
Background and Advantages
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Internationally recognized tax-neutral jurisdiction: no corporate, income, capital gains or withholding taxes.
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A well-established ecosystem: home to world-class banks, law firms, fund management institutions, and the Cayman Islands Stock Exchange (CSX).
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A variety of entity options: Exempted Company (EC), Limited Liability Company (LLC), Segregated Portfolio Company (SPC) and Special Economic Zone Company (SEZCo) are available.
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Tax Exemption: An exempted company can apply for a renewable 20-year tax exemption certificate and is prohibited from engaging in local trade under the law. It is suitable for offshore funds, special purpose vehicles (SPVs) and joint ventures.
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Fast establishment and simplified procedures: Establishment can be completed in 3-5 days, without the need to hold an annual shareholders' meeting or publicly submit a shareholder register (applicable to EC/LLC).
Key compliance requirements for non-resident founders
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Registration Office and Agent: You must appoint a Cayman Islands licensed registration office and a resident registration agent.
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Local business restrictions: An exempted company may not conduct business with Cayman residents without special permission.
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Economic Substance Act: Entities engaged in "relevant activities" are required to submit an Economic Substance Notice and annual returns to demonstrate sufficient substance.
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KYC/AML requirements: Directors and senior management must meet strict due diligence requirements; ultimate beneficial owner information must be submitted (non-public) and exchanged in accordance with CRS/FATCA.
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IPO or Financing: If you plan to go public or raise capital, you must consult with Cayman Islands legal advisors in advance to ensure compliance with prospectus rules and fund regulatory requirements (such as the Private Funds Law and the Mutual Funds Law).
Service fee for opening a Cayman Islands company
Cayman Islands 開曼群島 | USD |
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Incorporation (standard auth cap USD 50,000) | 3,750 |
Chinese Name Surcharge (if any) | 500 |
Certificate of Incumbency | 625 |
Certificate of Good standing | 825 |
UBO Filing | 575 |
Renewal (standard auth cap of $50,000, incl. an annual Economic substance filing fee of USD350 ES filing fee) | 4,700 |
BASE INCORPORATE 3,750 + 575 | 4,325 |
Documents required:
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Certified True Copy of ID/Passport copy of each Director, Shareholder and Beneficial Owners with 10% or over shareholding with attached certification format use
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Certified True Copy of Address Proof of each Director, Shareholder and Beneficial Owners with 10% or over shareholding with attached certification format use
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Advance payment is required
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Fee of incorporation (USD3,750) and UBO filing (USD575) are required for Cayman Islands company during incorporation. 1st ROD filing fee is already inclusive in the incorporation fee
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If the company is required to file ESR after transfer in, the fee would be USD575
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If the total number of directors and shareholders exceeds 5, additional fee will be charged for the 6th onward (director and shareholder treated as 1 if same person)
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Normal processing time takes around 10-14 working days to receive copy of CI and M&A upon receipt of good fund payment and confirm all requested documents in order.