The Cayman Islands is a unique country to set up a company. This sunny, tropical jurisdiction is a fantastic place to do business. The common denominator between countries like Malaysia, Singapore, and Hong Kong is that they require you to register your business. While the list of company formation agents in the Cayman Islands is not ranked in any particular order, we have tried to narrow the list down to organizations that have positive experiences for their customers. This article will introduce Cayman Island’s 10 best company formation agents.
What We Covered In This Article
Are company formation agents regulated in Cayman Island?
There is no specific regulation of company formation agents in Cayman Island. However, the Cayman Islands Monetary Authority (CIMA) requires all companies that wish to do business in the Cayman Islands to register with them. CIMA also has a code of conduct that all companies must follow.
Company formation agents typically help companies with the incorporation process, including ensuring that all required documents are filed and registered. They may also provide other services, such as assistance with opening a bank account or obtaining a business license.
When choosing a company formation agent, it is essential to choose one that is reputable and has experience incorporating companies in the Cayman Islands.
Can I register the company myself?
Yes, you can register the company yourself. However, it is advisable to use the services of a professional company formation agent. A company formation agent will help you with all the necessary paperwork and guide you on the best structure to set up your company.
There are several company formation agents in Cayman Island. Some of the best ones include CFS, CIBC FirstCaribbean, and Offshore Incorporations Limited. These companies have experience setting up companies in the Cayman Islands and provide you with the help you need to get your company up and running smoothly.
Why use a company formation agent
There are reasons why you need to use a company formation agent when incorporated in the Cayman Islands. First, it can save you a lot of time and hassle. Incorporating in the Cayman Islands can be complex, and a company formation agent can take care of all the paperwork for you.
Another reason to use a company formation agent is that they can provide expert advice. They help you choose the company type best suited for your needs and advise you on how to structure your business. They can also provide information on the various tax and legal requirements you need to meet.
A company formation agent can give you access to a wide range of services. For example, they can help you open a bank account, apply for a business license, and set up your office space. They can also provide you with support and advice on how to run your business effectively.
Overall, using a company formation agent is a great way to simplify the process of incorporating in the Cayman Islands.
The average cost of forming a company in the Cayman Islands
The average cost to form a company in the Cayman Islands is $5,000. It includes the cost of setting up the company and hiring an agent to help with the process. The total cost varies depending on the company’s specific needs and the agent hired.
There are many different company formation agents in Cayman Island. Some of the most popular ones include BVI Company Services, Coddan Formations, and Offshore Incorporations Ltd. These companies have different rates and services, so it is essential to compare them before making a decision.
10 Best company formation agent in Cayman Island
Every business needs a good foundation, starting with choosing the right company formation agent. In this article, we will look at 10 of the best company formation agents in Cayman Island so that you can make an informed decision for your business.
#1. Cayman Islands Company Formation
Address: Suite 5304, 3rd Floor, 18 Forum Lane, Camana Bay, Grand Cayman, Cayman Islands Grand Cayman KY1, 1106, Cayman Islands
Contact: +1 888 959 8022
Services: Open Bank Account Online, Offshore company setup, Company formation, and more
Price Range: $2,568
Cayman Islands Company Formation is the best company formation agent in the Cayman Islands. They offer different services, from choosing the right legal structure to setting up your bank account and registering for taxes. They provide ongoing support to help you keep your business compliant with Caymanian laws and regulations.
Being the one-stop shop for all your Cayman Islands company formation needs, they offer competitive rates and personalized service.
#2. Hermes Corporate Services Ltd
Address: Fifth Floor, Zephyr House 122 Mary Street, George Town Grand Cayman KY1, 1206, Cayman Islands
Contact: +1 345-749-7493
Services: Registered office services for Exempted Companies, Exempted Limited Partnerships, Segregated Portfolio Companies, and more
Price Range: $2,050
Hermes Corporate Services Ltd is one of the best company formation agents in the Cayman Islands.
They have a team of experienced professionals who can help you with all aspects of setting up your company.
They can help you choose the proper jurisdiction for your company and assist you with the incorporation process.
Hermes Corporate Services Ltd can also provide you with registered office services and corporate banking services.
Hermes Corporate Services Ltd is an excellent choice if you are looking for a company formation agent in the Cayman Islands.
#3. Cayman Islands Institute of Professional Accountants
Address: 9 Forum Lane Suite 3116 Camana Bay Grand Cayman KY1, 1110, Cayman Islands
Contact: +1 345-749-3360
Services: Company formation, Careers in Accounting, Registering a firm, etc
Price Range: $3,000 – $3,455
The Cayman Islands Institute of Professional Accountants (CIIPA) is the professional body for accountants in the Cayman Islands. CIIPA was established in 1977 with membership in the International Federation of Accountants (IFAC) and the Association of Chartered Certified Accountants (ACCA).
CIIPA works to promote the professional development of the accounting profession in the Cayman Islands and to provide support and guidance to its members.
CIIPA offers a range of services to its members, including professional development, networking opportunities, and advocacy.
If you are an accountant in the Cayman Islands or are thinking about becoming an accountant, CIIPA can offer you support and guidance throughout your career.
#4. Bell Rock Group
Address: 10 Market Street, 758 Camana Bay, KY1-9006, Cayman Islands
Contact: +1 345-949-4850
Services: Fund formation & launch services, CIMA registered independent fund directors, corporate services, Cayman entity formation, Registered office, Compliance & regulatory support, and more
Price Range: $5,000
Bell Rock Group provides a full range of services to help set up your business in the Cayman Islands, including company registration, banking, and taxation. They ensure that your business is registered and compliant with all the relevant regulations.
#5. Loeb Smith
Address: 5th Floor Zephyr House 122 Mary Street George Town Grand Cayman KY1, 1206, Cayman Islands
Contact: +1 345-749-7591
Services: Banking and Finance, Capital Marketers, Corporate and Liquidation Services, and more
Price Range: $3,567 – $3,999
Loeb Smith is one of the oldest and most experienced companies formation agents in the Cayman Islands.
They have a team of experts who can help you set up your company, from choosing the right structure to opening a bank account.
Loeb Smith has a long history of successfully helping clients establish their businesses in the Cayman Islands.
Loeb Smith is an excellent option if you are looking for a company formation agent to help set up your business in the Cayman Islands.
#6. Venture One Legal
Address: 19 Walkers Rd, George Town, Cayman Islands
Contact: +1 345-936-5222
Services: General Banking, Asset finance including aircraft finance, Structured finance and securitization, and more
Price Range: $5,222
Venture One Legal is the best company formation agent in the Cayman Islands and provides a full range of company formation services, including registered office addresses, nominee shareholder and director services, bank account opening, and more.
#7. Mourant (Cayman)
Address: 94 Solaris Avenue Camana Bay Grand Cayman KY1, 1108, Cayman Islands
Contact: +1 345-949-4123
Services: Governance, Consulting, Banking and Finance, Corporate/M&A, and more
Price Range: $3,150
Mourant is one of the leading company formation agents in the Cayman Islands. They have a team of experienced professionals who can help you with all aspects of setting up your company.
They can assist you with choosing the right legal structure for your business, and they can also help you with the registration process. Mourant can also provide you with guidance on Compliance and regulatory requirements.
If you are looking for a reliable and reputable company formation agent in the Cayman Islands, then Mourant is an excellent option.
#8. Cayman Management Ltd
Address: Governors Square, 2nd Floor, 23 Lime Tree Bay Avenue, Cayman Islands
Contact: +1 345-949-4018
Services: Company formation, Offshore, Directorial Services, and more
Price Range: $4,081
Cayman Management Ltd is one of the most reputable companies formation agents in the Cayman Islands. They have a team of experienced professionals who can help you with all aspects of setting up your business in the Cayman Islands.
They can help you choose the proper business structure to obtain the necessary licenses and permits. They will also provide you with ongoing support and advice to ensure your business runs smoothly.
Cayman Management Ltd is an excellent choice if you are looking for a company formation agent in the Cayman Islands
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#9. ERA Cayman Islands
Address:: #4 Galleria Plaza, 628 West Bay Road (BOX 10271 Grand Cayman KY1, 1003, Cayman Islands
Contact: +1 345-945-6000
Services: Bank Account Opening, Tax Planning, company formation, and more
Price Range: $5,000
ERA is the best company formation agent in the Cayman Islands. We offer a wide range of services to help you form your company.
We can help you choose the right company structure for your business. We can also assist you with the process of incorporating your company. We will ensure that all the necessary paperwork is completed and filed correctly.
We can help you open a bank account for your company. We can also help you obtain your business’s necessary licenses and permits.
ERA offers a complete package of services to help you get your business up and running quickly and efficiently.
#10. Genesis Trust & Corporate Services Ltd
Address: Elgin Court, Elgin Avenue George Town Grand Cayman KY1, 1106, Cayman Islands
Contact: +1 345-945-3466
Services: Company formation and Administration, Independent non-executive Directorial Services, Special Purpose Vehicles, etc.
Price Range: $4,200
Genesis Trust & Corporate Services Ltd is the best company formation agent in the Cayman Islands. We offer a full range of company formation and administration services, including offshore company incorporation, Registered Agent and Office services, and nominee directors.
Genesis Trust & Corporate Services Ltd has a highly experienced, professional team and many years of experience in offshore company administration. They provide clients with the highest service possible.
Summary
Undoubtedly, the Cayman Islands is one of the best places to form a company. The country has a very business-friendly environment and offers many benefits to businesses, such as low taxes and a stable political system. If you are looking for the best company formation agent in the Cayman Islands, we highly recommend using Cayman Company Formations. They have a team of experts who can help you with all aspects of setting up your business, from choosing the right legal structure to registering your business.