12

days to setup your Cayman company

The Futurebooks difference:

Company Secretarial expertise in structuring SPVs
Taxation advisory related to Cayman Islands and Singapore
Confidentiality – End to end encrypted email. Crypto payments accepted

What you need to know about Cayman Islands incorporation

The Cayman Islands has established itself as a premier offshore jurisdiction due to its well-developed common law and a strong emphasis on privacy. Companies incorporated in Cayman Islands have a history of being listed on the Singapore Stock Exchange. Importantly, Singaporean banking institutions have comfort in working with Cayman incorporated companies.

Compared to British Virgin Islands, Cayman Islands registered companies go through a rigorous due diligence check during incorporation, have a higher reputation overall, and are more expensive in setup and maintenance fees.

Futurebooks expertize is in incorporating exempt limited liability companies for:

  • Non-fund investment vehicles for private equity, family offices
  • Fintech including cryptocurrency, initial coin offerings (ICO)
  • Multi jurisdiction holding structures

The documents required for company formation are:

  • Identity and address proof documents of directors and shareholders
  • Business Profile or Certificate Of Incumbency for corporate directors or shareholders
  • Documents required for KYC, which can include CVs
  • Scanned documents are sufficient, and notarization is not required
  • Non-English documents would need to be translated into English.
  • Futurebooks prepares the rest of the incorporation documents for e-signatures

Once the company is formed, we purchase the Certificate Of Incumbency for the newly incorporated company. At least one director is required to visit Singapore for a bank opening meeting held at Futurebooks office. We work with all the top banks in Singapore, and have cultivated a network of relationships.

 

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Our services Fees (US$) Timeline
 

The Essentials

   
Incorporation of Exempt Limited Liability Company

  • Certificate of incorporation
  • Beneficial ownership register required under section 244 of the Companies Law
  • Registered Agent & Address in Cayman
  • Inclusive of all government fees
3,800
one time
12 days
after documents are received
Company Secretary

  • Corporate Secretary appointed on Registrar Of Companies
  • Required add on
800
per year
Account opening with top Singapore bank

  • Internet banking enabled
  • In USD, SGD, EUR and others
  • International Visa / Mastercard
  • Purchase of Certificate Of Incumbency required by banks
1,800
one time
10 days
after account opening meeting
Bank mailing address & maintenance

Banks in Singapore are required to send physical statements for corporate accounts per MAS.

  • Singapore mailing address for bank
  • Scanning of mails received
  • Assistance with annual FATCA/CRS tax declaration
800
per year
Company renewal

  • Registered address in Cayman Islands
  • Registered agent in Cayman Islands
  • Government License Renewal Fees
  • Annual Return Filing

 

3,800
per year
 
Add Ons  
Taxation advisory

  • Planning and tax compliance
800
starts from
Accounting support

  • Bookkeeping and bank reconciliation
  • Annual management reports in compliance with International Financial Reporting Standards
1,800
starts from

 

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Read more from our expert articles: Incorporation & Company secretarial, Corporate Immigration, Startups