In recent times, the Cayman Islands has attracted many entrepreneurs and businesses to start new ventures or expand their existing businesses. This continuous surge is due to the jurisdiction’s high reputation and business-friendly regulations that support corporate operations.
However, the path to business setup can be rough and uncertain, especially in a foreign jurisdiction like the Cayman Islands. That is where Gryffin Capitalist can help.
On this page, we have clearly outlined all the services, prices, and packages that we offer for the Cayman Islands so that you can make informed decisions and select which package works best for you. Read on to know more.
What is Included in our Cayman Islands Company Registration Fees & Packages?
At Gryffin Capitalist, we offer two comprehensive Cayman Islands company setup costs and packages, each designed to meet clients' business objectives. Feel free to select the package that fully aligns with your corporate requirements, and all prices are listed in USD. We have clearly stated them below for your reference:
1. Cayman Islands Standard Package
For our standard package, the Cayman Islands company registration fees starts at only $3,675, which covers all the services required to operate a company smoothly.
Our Package Includes:
- Cayman Islands Company Formation
- Issuance of the Certificate of Registration
- Document Processing and Submission
- Preparing and Filing the MOA and AOA
- Government Fee Coverage for 1 year
- Registered Agent and Registered Office Address Service for 1 year
- GC Account Manager at your Service for 1 year
- Cayman Islands Executive Package
2. Cayman Islands Executive Package
The Cayman Islands company formation cost included in our executive package starts at just $4,450. It includes everything provided in the standard package, along with a premium service: assistance with bank account opening.
Our Package Includes:
- Includes all the Services Offered in our Standard Package
- Certification of Corporate Documents for International Use
- Complete Bank Account Opening Assistance
- One-Time Application with the Bank of Choice
- Preparation of Bank Application & Supporting KYC Documents
- Fast-track Appointment With a Bank Representative
Cayman Islands Incorporation Fees for Additional Services
We have also curated a list of additional services that you can avail yourself of during company formation in the Cayman Islands:
| Additional Services | Description | Service Fee |
|---|---|---|
| Nominee Director | An individual or corporate body appointed to perform statutory duties on behalf of the real director | 1500 USD |
| Nominee Shareholder | An individual or a corporate body appointed to perform statutory duties on behalf of the real shareholder | 1500 USD |
| Power of Attorney | A legal document that gives the authority to a specified person to act on the company’s behalf | 300 USD |
| Name Reservation | Reserve your company name with the registry, which can be held for up to 90 days | 200 USD |
| Virtual Office | A dedicated service that provides businesses with the benefits of a physical address and office space | 650 USD |
| Change of Registered Agent | Includes appointing a new registered agent, filing a Notice of Change, and ensuring full compliance | Starts from 1000 USD |
| Certificate of Good Standing | An official certificate confirming that the company is fully authorized to conduct business operations | 500 USD |
| Certificate of Incumbency | An official document listing the important details of the company’s current directors, shareholders, and officials | 500 USD |
| Company Seal | A company seal that is used to authorise and place formal documents of the company | 250 USD |
| Restoration of a Company | Restoration of a Cayman Islands company that has been struck off by the authorities | Price on request |
| Notarization & Apostille | Apostille certification of the Cayman Islands company papers for use in foreign jurisdictions | 990 USD |
| Company Liquidation | Assistance during the company liquidation process | Price on request |
Cayman Islands Company Registration Fees for Renewal Services
To keep the official status intact, all companies must duly comply with the Cayman Islands annual renewal fees and obligations. With Gryffin Capitalist, the Cayman Islands company renewal fees listed below are applicable from the second year of registration onwards.
| Renewal Services | Pricing |
|---|---|
| Company Renewal Service (includes government fees) Registered Office and Registered Agent Service for 1 year Filing of Register for Directors, Shareholders, and UBOs ESR Filings |
3650 USD |
Process Timeline for Cayman Islands Company Formation
Our team will initiate the following steps once you collaborate with Gryffin Capitalist for company registration in Cayman Islands:
| Timeline | Process |
|---|---|
| DAY 1 | Selection of the desired Cayman Islands company registration package and submission of KYC credentials |
| DAY 1-2 | Review and Verification of the submitted KYC documents |
| DAY 2 | Filing of the company registration form with the Cayman Islands Registrar of Companies |
| DAY 2-3 | The Certificate of Incorporation is officially issued in the Cayman Islands |
| DAY 3 | Delivery of the full company kit by our team via digital or physical means |
| DAY 3-5 | For the executive package, our team initiates the bank application process and schedules an appointment with a bank representative |
This was all about the Cayman Islands company registration fees and packages prepared by Gryffin Capitalist for a swift company setup experience. If you are eager to learn more about the offshore services and packages that we offer, feel free to visit the offshore company registration and offshore incorporation packages pages on the website.
If you need additional information regarding the same, contact us anytime with your queries!
What our clients say
Thanks to Gryffin Capitalist, starting my business in the UAE was smooth and efficient. They offered advice on company formation and licensing and assisted in opening a bank account.
Starting a business in the UAE seemed complicated, but Gryffin Capitalist made it seamless. The team is very knowledgeable, professional, and responsive.
I had a great experience registering my company in the UAE with Gryffin Capitalist. The Gryffin Capitalist team assisted in selecting the right Emirate to complete all legal steps.
Frequently Asked Questions (FAQs)
Yes, remote company setup services are included in the Cayman Islands company registration fees.
No, it is not compulsory to use the Cayman Islands' additional services. Apply for it when you have a specific business need.
With Gryffin Capitalist, a Cayman company can be formed within 2 to 3 business days.
Yes, the bank account opening service is included in the Cayman Islands Executive package.
Yes, it is compulsory to fulfill the annual renewal obligations for a Cayman Islands company.