Registration of a company at Cayman Islands

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Set of constituent documents Preparation of a complete package of constituent documents of a company of any form of ownership
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Assistance in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Nominal service for 1 year Registration of a company with nominal service and provision of nominees for 1 year. The price includes issuance of additional documents: power of attorney, trust documents and agreements
Total cost
4100 USD On request On request
Annual renewal (paid from the second year)
3800 USD 3800 USD On request

Deal of the month

If you will register a company until April 30,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

The Cayman Islands can be easily treated as suitable offshore jurisdiction that ensures ease of business entity formation, diversity of their types and plenty of incentives for business. Prifinance specialists have prepared for you a short overview of why it may be beneficial to consider this jurisdiction as your target one.

Forms of Legal Entities

If you think about opening a legal entity in the Cayman Islands, it is possible to do this in the next forms:
  • Limited Liability Company (LLC) – this form is the most appropriate for conducting business activities outside the territory of islands. In the case with LLC, the founders (members) are not liable for the entity’s debts and obligations and their liability is restricted to the value of contributions only. There is no minimum threshold for the share capital of this type of entity.
  • Exempted Company – more simplified rules for vehicle maintenance are applied here. For instance, it is not obliged to keep and make open for public inspection its register of members. It is also not obliged to hold the annual general meeting in the territory of islands; it may change its Memorandum and Articles of Association without restrictions, etc. This type of entity enables to reduce costs for its operation and the sums of taxes due.
  • Ordinary Resident Company – this entity is entitled to run business within Islands. It is open for public inspections and has to maintain the register of its members.
  • Ordinary Non-Resident Company – the entity can obtain this status if it is not going to conduct business in the islands but intends to perform this activity somewhere outside. Still, it should keep the register of members and be open to public inspections.
  • Overseas (Foreign) Company – an entity that is incorporated somewhere outside the islands, but can conduct business and possess land plots in the islands subject to certain conditions.
  • Special Economic Zone Company – as its title implies, an entity can enjoy certain incentives within special economic zones. Re-registering already existing exempted companies as special economic zone entities may appear as a good solution if you want to enjoy certain incentives.
  • Unlimited Company – the founders (members) of this vehicle bear unlimited liability over the entity’s debts and obligations.
  • Limited Partnership – may be formed by two or more persons to conduct business under one name. The partnership may have (i) general partners (at least one) who bear liability for all partnership’s debts and obligations, and (ii) limited partners whose liability is restricted to the sums of their contributions only.
  • Exempted Limited Partnership – this partnership is suitable for offshore foreign investors who can conduct business outside the territory of islands only. They can do business in the islands only to the extent this is required to operate abroad. This type of partnership reserves basic features of a limited partnership but ensures more flexibility for doing business. The existing limited partnership may obtain the exempted limited partnership status or it may be newly-founded.

Registration Requirements and Steps

As any other similar approach, Cayman Islands business registration has its specifics. Prifinance specialists may consult you and assist with completing this process successfully. Setting up LLC in the Cayman Islands generally covers these basic steps to pass:
  1. Defining your business objectives and composing a business plan.
  2. Choosing and reserving the business name of a future company and selecting its registered address.
  3. Collecting information about beneficiary owners of the future company.
  4. Preparing the set of documents:
    • Registration forms;
    • Memorandum and Articles of Association;
    • Sworn affidavit that the future company will conduct commercial activities outside the territory of islands only.
    • Cayman Islands Monetary Authority (CIMA) approval (optionally, required for certain types of activities only (like insurance, banking).
  5. Submitting the set of documents for the registration of a vehicle to the Registrar of Companies.
  6. Registration of the newly-founded entity for tax purposes.
  7. Opening a bank account.

Legal Framework

The procedure of registration and further operation of entities in the Cayman Islands is generally governed by Companies Law, Limited Liability Companies Law, Partnership Law, and other related bylaws. This jurisdiction cares about ensuring the legal framework that boosts doing business by foreign investors who operate outside it. The main body that carries out registration activities is the Registrar of Companies. For certain activities, the involvement of CIMA may also be required.

Advantages of Forming a Company in the Cayman Islands

If you have decided or consider starting a company in the Cayman Islands, you may enjoy these benefits in the outcome:
  • Confidentiality – the jurisdiction ensures a very high level of security. Only the title of a company, its date of registration, type, address, and status can be publicly available. The company is still obliged to keep information about its beneficiaries that may be disclosed in a certain limited number of cases, specifically for combating illegal activities.
  • Existing of Cayman Enterprise City with plenty of benefits.
  • Easy and straightforward incorporation procedure, moderate costs for establishing a company here.
  • Non-burdensome operating, reporting and accounting requirements.
  • Various incentives for doing business, including tax.

Tax System

Here are major highlights of the local tax system:
  • Corporate income tax – not applicable (N/A)
  • Personal income tax – N/A
  • VAT – N/A
  • Withholding tax – N/A
  • Capital gains tax – N/A

How Prifinance Specialists May Help You

If you consider setting up a company in the Cayman Islands and have doubts about that, Prifinance specialists may assist you in making the final choice. Our professionals facilitate the practical realization of business-related objectives of our clients abroad. We will pick for you the right approach for establishing a company in the Cayman Islands or elsewhere: choose its structure, the most beneficial tax regime, and other significant parameters for starting or expanding your business. Preparation of all required registration documents, opening a bank account, conduction negotiations for resolving any other business-related matters are covered by our offer also. Reach us shortly for more precise discussions.


Our clients

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10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again