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Setting up a company in the Cayman Islands?

Find out how to do it compliantly:

0% personal income tax

Common law system

Fast incorporation

No local shareholders required

You can reduce your tax burden legally. We will be happy to advise you in detail and offer you a free initial consultation.

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Estimated Annual Revenue

Please share your Estimated Annual Revenue with us, so we know which jurisdiction is best suited for you (special taxes for certain profits).

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Pros and cons of setting up a company abroad

If you relocate your residence:

No personal income tax
No local income tax returns, but annual filings still apply
Your home country may tax certain assets when you move abroad

Without emigrating:

If your company is managed from your home country, it may be treated as tax resident there and taxed accordingly
Bank account opening requires proper documentation and setup

What makes the Cayman Islands attractive as a business location?

The Cayman Islands are a tax-neutral British Overseas Territory in the Caribbean, south of Cuba, with around 77,000 inhabitants using the Cayman Islands dollar (KYD) as the currency almost equivalent to USD.

Cayman Islands has no corporation tax, capital gains tax, or withholding tax on dividends. A Cayman Exempted Company allows 100% foreign ownership, no minimum share capital, and no public filing of annual accounts (though records must be kept). It’s ideal for holding structures, investment vehicles, and international wealth planning.

Economic substance rules apply depending on the activity. Cayman meets international transparency standards, was removed from the FATF grey list in October 2023, and is not on the EU blacklist.

Bank account opening is possible, requiring full KYC, source of funds, and clear economic rationale. Banking can be local or international.

Contact us for an individual assessment and potential alternative solutions.

FAQs

Are taxes in the Cayman Islands high?

No. The Cayman Islands levy 0% corporation tax, 0% income tax, 0% withholding tax, 0% capital gains tax and 0% inheritance tax.

Is it easy to obtain a VAT number?

There is no VAT system in the Cayman Islands.

Is a local director required?

Directors do not need to be resident in the Cayman Islands.

Is it possible to incorporate remotely?

Yes. Exempted companies are typically incorporated via licensed service providers, and the process can usually be handled fully remotely with KYC checks.

Are there many banking options?

Banking options do exist, but you should expect strict checks and longer processing times, especially for complex structures or where the source of funds is difficult to evidence.

Which locations worldwide are best suited to paying as little tax as possible?

	Tax Burden	Banking	Reputation	Bureaucracy	Legal Security	Costs
USA	21-0%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 1,900
Singapore	0%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 2,950
Hong Kong	0%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 1,900
Cyprus	15%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 1,900
Malta	5%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 2,500
Ireland	12,5%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 1,950
Trust	0%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 4,900
England	25-19%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 1,000

Tax compliance in your country of residence

Your country of residence may impose tax and reporting obligations for foreign business activities and dividend income — in some cases even if profits are not distributed.

Depending on your personal situation, a suitable holding structure may be required to comply with tax rules and avoid unnecessary tax risks.

To determine which jurisdiction and structure best meet your requirements, please use the contact form and describe your plans in as much detail as possible.

Our advisers will be pleased to review your case and advise you accordingly.

1.

Analyse your needs

We assess your situation to define objectives, risk tolerance, tax exposure and asset-protection priorities.

2.

Carry out a location analysis

We compare potential jurisdictions based on tax law, banking access, compliance requirements and your country of residence.

3.

Incorporate the company and, if needed, set up a foundation

Open accounts and custody accounts and, if required, implement the wealth management