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Set Up an LLC in the Cayman Islands

Easily set up your Cayman Islands limited liability company with full compliance support. Benefit from tax advantages and a global business-friendly environment.

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Cayman Islands company formation expert
Benefits

Why Choose the Cayman?

The Cayman Islands offer unparalleled offshore benefits while maintaining full compliance with international regulations.

Zero Tax

Zero Tax

No income, capital gains, or dividend taxes.

No Auditing

No Auditing

No mandatory audits for LLCs in the Cayman.

Privacy

Privacy

Shareholders and directors’ identities are confidential.

Remote

Remote

Non-residents can set up & manage their company online.

Reputation

Reputation

Trusted jurisdiction with strong regulations.

LLC Structure

LLC as an Offshore Company

Multiple structures for your business needs, from asset protection to operational flexibility.

Exempted company certificate of incorporation in the Cayman Islands

Key Features of a Cayman LLC as an Offshore Entity

Included

Operational Flexibility

Included

Multi-Jurisdictional Reach

Included

Simplified Compliance

Included

Secure Legal Framework

Included

Trusted by Global Businesses

Let's Get You Set Up Today.

Our team is here to help you choose the right structure, handle compliance, and make your incorporation process effortless. Reach out to begin your journey.

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Docs & Info

Documents Required

Mandatory documents and information required for your company formation

Individuals

For Individuals:

The following documents are required for every individual member (directors, shareholders, and ultimate beneficial owners)

Proof of Identity (PoI):

Included

A certified true copy (scanned version) of the passport (valid for at least 6 months).

Proof of Address (PoA):

Included

A certified true copy (scanned version) of a bank statement or utility bill (e.g., electricity, gas, water, internet, cable, waste management, and sewage).

It should clearly show the holder's full name along with a physical address. P.O. Box addresses are not accepted.

It must be in English. If not, it must be certified translated into English.

It must be the most recent version and dated within the last 3 months.

Proof of Source of Funds:

Included

Copies of the last two tax returns, a letter of employment, a letter from an accountant certifying your annual income, or financial statements or bank statements from the last 2 years.

Work Experience:

Included

A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.

Business Description:

Included

A detailed description of your business activities (products and services, sectors, major operating countries), and business model.

Organization

For Corporations:

The following documents are required for every corporate member (corporate directors, corporate shareholders, and ultimate beneficial owners)

Company Documents:

Please provide us with a certified true copy (scanned version) of the following company documents:

Included

Certificate of Incorporation

Included

Memorandum and Articles of Association / Constitution

Included

Register of Director

Included

Register of Shareholder / UBO

Included

Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).

Company Members:

All members of the corporation, including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons, must provide identity and address proofs as mentioned above.

Trusted Worldwide

Individuals and Businesses Worldwide Of All Sizes Count On

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" Our Cayman incorporation ... was done entirely online. ...took extra time to help me understand economic substance and annual filing requirements. I will recommend it to my network of offshore investors and business owners. "
Antoine
Verified review on Trustpilot
Mate, gotta give props to Vepapu for sortin out my Seychelles incorporation. Proper job they did.. Straight-up pricing, swift process, and all done online. Cheers!
T.R.P.
Verified review on ProductHunt
My company formation experience was just smooth and quick. Vepapu folks did an amazing job. They are extremely professional with their work and extremely friendly and understanding in their behaviour.
Chen
Verified review on Trustpilot
Made my journey really smooth. I recently incorporated in Caymans and Vepapu’s clear approach and their team’s eagerness to help me really made me very impressed.
Martin Luther
Product Designer at Uber.INC
Kevin
Verified review on Trustpilot
My experience was great. Got my Caymanian company incorporated without any hassle. They are the absolute professionals and experts in this field.
Martin Luther
Product Designer at Uber.INC
Martin Luther
Product Designer at Uber.INC
ACP Guy
Verified review on Trustpilot
Martin Luther
Product Designer at Uber.INC
Martin Luther
Product Designer at Uber.INC
Cayman Islands flag

Cayman Islands

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Seychelles

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Hong Kong

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Singapore

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Mauritius

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British Virgin Islands

Helping Businesses Expand to 45+ Countries

PROCESS

Incorporate in 5 Easy Steps

From Paperwork to Approval: Making LLC Formation Fast and Straightforward

Step 1

Get Started Now

Explore our website and discover the wide range of services we offer for LLC incorporation in the Cayman Islands. Our comprehensive service descriptions and FAQ section provide answers to common queries, giving you a clear understanding of the process.

Click the "Get Started" button below and fill out a short, simple form to share your business requirements with us.

Once we receive your information, our dedicated team will reach out to discuss the next steps and guide you through the entire process, ensuring you know exactly what to expect.

Get Started

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Documents

Documents and Due-Diligence

Kickstart your company's incorporation process by sharing the requested documents, as listed here. This enables us to perform the mandatory KYC (Know-Your-Customer) and due diligence processes to comply with the local and international laws.

During this process, our team might request you additional information, documents, or clarification, as needed, about the business and/or the members themselves.

Don’t worry if the paperwork feels overwhelming. Your dedicated manager from Vepapu will personally assist you in gathering and submitting the documents in the correct format to avoid any delays.

Step 2
Step 3

Paperwork and Liaison

Our team will now have the required information and documentation in hand to proceed with completing the required paperwork involved in incorporating your company.

We will complete one or multiple application forms as required and obtain your signatures. We will coordinate with the registry to submit them for their official approval.

We will do timely follow-ups with the registry and actively work with them if they require any further clarification or documentation before their approval.

Bank Account Opening Assistance

If you opt for our bank account opening assistance service, we will use our well-built banking relationships to introduce you to the traditional reputed brick-and-mortar banks as well as digital banking providers situated worldwide.

Our team will assist you throughout the account opening process, from providing the necessary documentation to offering guidance on key steps and best practices. With Vepapu, you can be confident that your banking needs are managed with care and professionalism.

Step 4
Step 5

Ongoing Compliance

We will take care of your company's timely annual renewal along with the associated report preparations and filings with the registry. Economic Substance Report (ESR) filing and Financial Report (FR) filing are streamlined with Vepapu. We will timely inform you of the upcoming compliance deadlines for your prompt action.

Also, our team of experts will actively monitor the regulatory changes in the Cayman Islands and accordingly guide you in the proper path to keep your company compliant.

End

FAQ

Frequently Asked Questions

Find answers to frequently asked questions on LLC formation in the Cayman Islands

F.A.Q.

General
Incorporation
Compliance
Others

How does a Cayman LLC differ from an LLC in the U.S.?

A Cayman LLC differs from a U.S. LLC primarily in its regulatory framework and operational purpose. Cayman LLCs are tax-neutral with no corporate or income taxes and are tailored for global business needs, such as investment funds and joint ventures. They also offer robust privacy protections, as ownership and membership details are not publicly disclosed, unlike in many U.S. jurisdictions.

Can a Cayman LLC operate as a holding company?

Yes, a Cayman LLC can operate as a holding company, making it an excellent choice for managing global investments, intellectual property, or subsidiary companies. Its flexible structure allows members to tailor the management and distribution of profits, while its tax-neutral status and privacy features enhance its suitability for international asset protection.

What industries prefer the LLC structure in the Cayman Islands?

Industries that benefit from the Cayman LLC structure include investment funds, private equity, venture capital, real estate, and joint ventures. A high-networth individual (HNI) can consider incorporating an LLC in the Cayman Islands for the purpose of succession planning.

Why consider an LLC over an exempted company?

LLCs offer flexibility in management and profit distribution, making them ideal for businesses with varying ownership structures. Unlike exempted companies, LLCs operate as pass-through entities in many jurisdictions, allowing members to avoid double taxation. This structure is particularly favored for joint ventures and investment-focused entities.

What is the role of the LLC agreement in the incorporation process?

Like an Articles of Association for an exempted company in the Cayman Islands, the LLC agreement is a foundational document that governs the operations of a Cayman LLC. It outlines the rights, duties, and obligations of members, management structures, profit-sharing arrangements, and dispute resolution mechanisms. The LLC agreement provides greater flexibility and customization, making it crucial for tailoring the LLC to specific business needs.

Can LLCs issue shares or units?

Cayman LLCs do not issue traditional shares like corporations. Instead, they offer membership interests or units, representing a member’s stake in the LLC. These units are flexible and can be tailored to reflect specific rights, such as voting power or profit distribution, based on the provisions outlined in the LLC agreement.

How are membership interests issued during the incorporation of a Cayman LLC?

During the incorporation process of a Cayman LLC, membership interests are allocated as outlined in the LLC Agreement. The agreement specifies the contributions, rights, and obligations of each member. Unlike traditional shares, membership interests in an LLC represent ownership and voting rights based on agreed terms, offering greater flexibility in structuring ownership.

Can an LLC have just a single member?

Yes, a Cayman LLC can have a single member, making it suitable for sole proprietors or single-entity ownership. This flexibility allows individuals or entities to form an LLC without requiring additional members, while still benefiting from the limited liability protections and operational advantages of the structure.

Do LLCs need to maintain a register of members and managers?

Just like how an exempted company is mandated to maintain the registers of directors, shareholders, and beneficial owners, Cayman LLCs are required to maintain a register of members and managers at their registered office in the Cayman Islands. This register must be kept up to date and made available for inspection by authorized parties, but it is not publicly accessible, ensuring privacy for the LLC’s stakeholders.

Are LLCs subject to Economic Substance regulations?

Yes, Cayman LLCs engaged in relevant activities, such as banking, fund management, insurance, or intellectual property businesses, are subject to Economic Substance (ES) regulations. These LLCs must demonstrate adequate economic presence in the Cayman Islands, including local management and control, employees, and physical assets, depending on their business activities.

What are the rules for changing the LLC agreement after incorporation?

The LLC agreement can be amended after incorporation, provided that the changes comply with the provisions of the agreement itself and the governing laws of the Cayman Islands. Most agreements require member approval for amendments, and any changes must be documented and maintained as part of the company’s records.

Are LLCs required to hold regular member meetings?

No, Cayman LLCs are not legally required to hold regular member meetings unless specified in the LLC agreement. However, members may choose to schedule meetings at their preferred location and mode to discuss important business matters, depending on their operational preferences and governance structure.

Can a Cayman LLC be converted to or from another entity type?

Yes, a Cayman LLC can be converted to another entity type, such as a company limited by shares, or another entity type can be converted into a Cayman LLC. The process requires formal filings with the Cayman Islands registry, adherence to legal requirements, and may involve shareholder or member approvals depending on the nature of the conversion.

Can an LLC in the Cayman Islands have a corporate member?

Yes, a Cayman LLC can have a corporate member. This flexibility allows other companies or entities to hold membership interests in the LLC, making it suitable for structuring joint ventures, holding companies, or investment vehicles.

Is it possible to incorporate a Cayman LLC for a limited duration or specific purpose?

Yes, a Cayman LLC can be established for a specific duration or purpose. This flexibility allows businesses to tailor the LLC's existence to align with project timelines or special business objectives. These terms must be clearly outlined in the LLC Agreement during incorporation.

How can a Cayman LLC manage disputes between members?

Disputes between members of a Cayman LLC are typically resolved based on the terms outlined in the LLC agreement. This document often includes provisions for mediation, arbitration, or other dispute resolution mechanisms. In the absence of such provisions, disputes may need to be resolved through legal proceedings under Cayman Islands law.

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