How much does it cost to set up a company in the Cayman Islands?

Cost of setting up a company in Cayman Islands

From

US$ 1,629

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1. Cayman Islands company registration fees

Type of Company	Service fee for 1st year	Service fee for year 2+	Government fee & Service charged
Exempted (Limited by Shares)	US$ 2,118.00	US$ 1,989.00	US$ 1,500.00	Company kit Order Now
Limited Liability Company (LLC)	US$ 2,536.00	US$ 2,406.00	US$ 1,500.00	Company kit Order Now

2. Open bank account service fees

Belize

Bank	Initial Deposit	Average Time	Remarks	Service Fee
www.belizebankinternational.com Belize Bank International	USD 1,000	1 - 2 weeks	Remote Application	US$ 899
www.cayebank.bz Caye International Bank	USD 1,000	1 - 2 weeks	Remote Application	US$ 899

British Virgin Islands

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.bankasia.com/ Bank of Asia	US$ 20,000	1-2 weeks	Remote Application	US$ 899

Canada

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.dnbcgroup.com/ DNBC Financial Group	EUR 3,000	3-5 working days	Remote Application	US$ 0

Cayman Islands

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.cibcfcib.com/ FirstCaribbean International Bank	US$ 10,000	1-2 weeks	Remote Application	US$ 899

Hong Kong

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.currenxie.com/en-hk/ Currenxie	Not required	3-5 working days	Remote Application	US$ 899
https://www.airwallex.com/ Airwallex	Not required	3-5 working days	Remote Application	US$ 899
https://statrys.com/ Statrys	Not required	3-5 working days	Remote Application	US$ 899
https://www.rapyd.net/ Rapyd	Not required	3-5 working days	Remote Application	US$ 899

Malaysia

Bank	Initial Deposit	Average Time	Remarks	Service Fee
www.sc.com/my Standard Chartered Bank (Malaysia)	USD 20,000	4-6 working days	Personal Visit	US$ 899

Mauritius

Bank	Initial Deposit	Average Time	Remarks	Service Fee
www.maubank.mu/en MauBank Ltd	5,000 (GBP, USD, EUR, CHF, AUD or ZAR: 5,000)	1 - 2 weeks	Remote Application	US$ 2600
www.bankone.mu Bank One	USD 5,000	1 - 2 weeks	Remote Application	US$ 2600

Puerto Rico (U.S. territory)

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.cbibank.com/ CB International Bank	Not required	1 - 2 weeks	Remote Application	US$ 899

Saint Kitts and Nevis

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.imbltd.com/ International Merchant Bank Limited	US$ 25,000	1-2 weeks	Remote Application	US$ 899
www.boniltd.com Bank of Nevis International	USD 10,000	1 - 2 weeks	Remote Application	US$ 899

Saint Lucia

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://stlucia.provenbank.com/ PROVEN Bank	US$ 5,000	1-2 weeks	Remote Application	US$ 899

Singapore

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://www.inft.co/ IN Financial Technologies	Not required	3-5 working days	Remote Application	US$ 899
https://aspireapp.com/ Aspire	Not required	3-5 working days	Remote Application	US$ 899
https://www.wallex.asia/ Wallex	Not required	3-5 working days	Remote Application	US$ 899
www.ocbc.com OCBC Bank	SGD 30,000	2 - 4 days	Non-Singapore companies, Personal visit required at nearby branch	US$ 899
www.uobgroup.com United Overseas Bank Limited Co	USD/SGD 25,000	Preliminary Review: 3-4 Working Days	Personal Visit	US$ 899

United Arab Emirates (UAE)

Bank	Initial Deposit	Average Time	Remarks	Service Fee
www.emiratesislamic.ae Emirates Islamic Bank	AED 10,000	1 - 2 weeks	Personal Visit	US$ 899

United Kingdom of Great Britain and Northern Ireland

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://multipass.co/ MultiPass	Not required	3-5 working days	Remote Application	US$ 899

United States of America

Bank	Initial Deposit	Average Time	Remarks	Service Fee
https://mercury.com/ Mercury	Not required	3-5 working days	Remote Application	US$ 899

Vanuatu

Bank	Initial Deposit	Average Time	Remarks	Service Fee
www.pacificprivatebank.com Pacific Private Bank	USD 1,500	1 - 2 weeks	Remote Application	US$ 899

3. Nominee Service fee

Services	Service fee	Description
Nominee shareholder	US$ 899
Nominee director	US$ 899
Power of attorney (POA) documents	US$ 649	Nominee director’s signature only
Power of attorney with certification by public notary	US$ 779	Certification by notary of detail documents of POA
Declaration of trust (DOT)	US$ 649
Declaration of trust (DOT) with certification by public notary	US$ 779	Certification by notary of detail documents of DOT
Power of attorney (POA) with apostille documents	US$ 899	Certification on documents by General Registry/Court
Courier fee	US$ 150	Courier the original document to your residential address with express services (TNT or DHL)
Nominee Trustor	US$ 1299
Nominee Trustee	US$ 1299
Nominee Council	US$ 1299
Nominee Founder	US$ 1299

Notes:

Service fee is per annum/per appointment.
The service fee does not cover the fee for couriering the original copy of the POA or DOT to your residential address.
You can open a bank account for your company with the POA and/or DOT we provided.
Certification by pubic Notary or Apostille is required for nominee services in Hong Kong, United Kingdom and Singapore.
An apostille is a certification and legalisation of documents by the government, normally the General Registry/Court of the local country.

4. Serviced Office fee

4.1. Virtual Office

Period	Fee (US$/month)
3 months	US$ 199
6 months	US$ 189
12 months	US$ 179

Service Retainer: 2* Unit price (If you make full payment for the contract period, you do not need to pay Service retainer. If you pay monthly, you have to pay Service retainer and Service retainer fee will be refunded to clients after contract terminated within 5 working days).

4.2. Dedicated Office Plan

Period	Fee (US$/month/seat)
3 months	US$ 399
6 months	US$ 369
12 months	US$ 329

4.3. Co-Working Plan

Type	Fee
Day - pass	US$ 29/pax/day
Visitor	US$ 135/pax/ 5 days
Common	US$ 499/pax/month

4.4. Meeting Room

Time	Fee
1 hour	US$ 79
Half day	US$ 159

5. Merchant Account fee

Our sevices fee for Online Merchant Account Application is US$ 99

6. Company Renewal fee

Type Of Incorporation	Fees	Due Date
Exempted (Limited by Shares)	US$ 3,489.00 Government Fee: US$ 1500 Service Fee: US$ 1989	31 December of each year
Limited Liability Company (LLC)	US$ 3,906.00 Government Fee: US$ 1500 Service Fee: US$ 2406	31 December of each year

Set up company in Cayman

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