Cayman Islands

We assist global clients looking to do  business in Cayman Islands with the A to Z of business setup without the need for the client to travel to the territory. Some of our services include:

Company / Branch registration

Tax registration and obtaining PIN

Regulatory licenses across all sectors

Personal and corporate bank account opening

Accounting and tax support services

Provision of nominee directors and shareholders

Recruitment and employee hiring

Virtual/Physical Office space solutions

Employment and residency visas

The most common corporate structures preferred by foreign investors setting up in Cayman Islands include i) the limited liability company (LLC/LTD) and ii) the branch office. See detailed comparison below:

Advantages and disadvantages of Cayman Islands business setup:

  • Company setup: process is straightforward with professional assistance.
  • No corporate taxes: No income, capital gains, or withholding taxes.
  • Confidentiality: Shareholders and directors’ details are not publicly disclosed.
  • Flexible regulations: No minimum capital requirements or local residency mandates.
  • Political and economic stability: A well-regulated and secure jurisdiction.
  • Access to global markets: Ideal for international business and investment.
  • Exemption from local trade: Exempted companies can operate internationally without local restrictions
  • Availability of abundant highly skilled and qualified English speaking labour force.
  • No foreign exchange controls: Free movement of capital and profits globally
  • No tax treaties: The Cayman Islands have few tax treaties, which could limit tax benefits in some countries
  • Higher compliance costs: International reporting requirements can increase administrative expenses.
  • Restriction: Restriction in some lucrative sectors including Finance, aviation, insurance and telecommunications.
  • Limited local market: Exempted companies cannot conduct local business within the Cayman Islands.
  • Regulatory scrutiny: Companies may face increased scrutiny under international anti-tax avoidance measures (e.g., FATCA, CRS).

Important links:

Company incorporation steps in Cayman Islands:

  1. Name Reservation: Girimba Consulting reserves a unique company name through the Cayman Island General Registry;
  2. Documents Preparation: Our Team prepares the incorporation documents and emails our Client for signatures and email return
  3. Certificate of Incorporation: Our Team submits an application for company registration with the General Registry office and obtain a certificate of incorporation
  4. Applying for other trade or business license: Depending on the company venture, our team shall assist you in obtaining all requisite business specific licenses
  5. Other Registrations: If the Client intends to hire local staff, our Team registers the company with i) HSA (Cayman Islands Health Services Authority): ii) National Pension Scheme.
  6. Bank Account Opening: Girimba Consulting also assists our Client to open a local corporate bank account with a top tier bank in Cayman Islands
  7. Financial Reporting Obligations: Our dedicated Team will continue to serve you to ensure that all your annual return filing obligations are taken care of.

    Seek specific business information:

    Let us know more about your business needs by completing the form below. Our team will get back to you within twenty four hours.

    All information provided to Girimba via this form remains confidential, Girimba shall not sell, share or transfer any details to any authority or third parties except as may be required by law. If you however prefer not to fill up the form, you are welcomed to contact us by email or phone directly.

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    Girimba Consulting conducts business with openness, transperancy and honesty.We respect and uphold our Clients’ confidentiality, we offer quality service at affordable rates. Contact us for professional solutions.

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    Clarence S. Carlos

    Regional Cordinator

    Clarence is our regional cordinator and head of business setup secretariat.