Incorporation • Jurisdiction
Cayman Islands
Why choose the Cayman Islands?
The Cayman Islands is a well-known and widely trusted jurisdiction across the world
Business friendly environment
Why Cayman?
Trusted by leading companies, investors and lawyers around the world
Cayman exempted company
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Journey
Process of digitally incorporating a Cayman Exempted Company on Clara
Initial Information
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Nature of business
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Articles of Association
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Share capital
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Pay and Submit
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Review and Sign
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Track your progress
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Find out more about the exempted company license. Clara’s got you covered in Cayman.
Benefits
Learn more about the benefits of Cayman
A Cayman exempted company can be incorporated with a minimum of one director and shareholder, and they do not need to be resident in the Cayman Islands.
The application process is done online, and all documents can be signed digitally on Clara. There is no requirement for any parties to be physically present in the Cayman Islands for the incorporation process. The company is typically incorporated within 3 to 5 days.
The Cayman Islands is a tax-neutral jurisdiction. There is currently no corporate, income, capital gains or any other tax on money earned outside the territory.
There is no minimum share capital and no maximum number of shares or shareholders. There is no restrictions on the nationality of the shareholders.
Cayman Sandwich
Best practice structure for Latin American based startups.
Clara bundles
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Resources & Insights
Stories, updates and resources
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Frequently asked questions
A Cayman Exempted Company can be used as a passive holding company or TopCo that holds shares in operating companies. A Cayman Exempted company should not be used for active commercial activities. You should not employee people from your Cayman company, this should happen at the operating company level instead.
You will need to tell us the purpose of the SPV, its proposed name, who will be the shareholder(s), director(s) and authorised signatory and provide their identification information and documents. For a full list so you can start preparing now, click here.
No, the Cayman Islands is a tax-free jurisdiction. You will not need to pay company, individual, or capital gains tax.
A Cayman Exempted Company has annual, and event driven obligations. The annual obligations include and filing an economic substance declaration, paying the renewal fee and filing the annual return on or before the 31st of December. If changes occur to the company (such as a change of directors or shareholders), this will trigger a requirement to update the company books and / or the Registrar. For more information, click here.
Incorporating your Cayman Exempted Company can take approximately 5 – 7 days from submission to the Cayman registrar.
In order to speed up the process, be ready with up-to-date KYC for each shareholder and director. Corporate shareholders often take more time due to the requirement to collect KYC on the ultimate beneficial owners all the way up the group structure.
What are you waiting for?