How to set up a company in the Cayman Islands - One IBC Group

Preparation

• Our advisory team will advise you the sufficient type of Cayman company which fits your business activity. We offer 2 types of entities in Caymans Islands as Exempted Private Limited and LLC
• Advisory team will check the company name for a new company. There are some regulation regarding the name which won’t be registered.
  • For Exempted Private Company, no company shall be registered if the name
    • is identical with a name by which a company in existence is already registered or any translated name entered on the register of companies, or so nearly resembles such name or translated name so as to be calculated to deceive, except where the company in
    • existence is in the course of being dissolved and signified its consent in such manner as the Registrar requires;
    • contains the words “Chamber of Commerce” unless the company is a company which is to be registered under a license granted by the Governor under section 80 without the addition of the word “Limited” or the abbreviation “Ltd.” to its name; or
    • contains the words “building society”
  • Except with the consent of the Registrar, no company shall be registered by a name which
    • contains the words “royal”, “imperial” or “empire” or in the opinion of the Registrar suggests, or is calculated to suggest the patronage of Her Majesty or of any member of the Royal Family or connection with Her Majesty’s Government or any department thereof in the United Kingdom or elsewhere
    • contains the words “municipal” or “chartered” or any words which in the opinion of the Registrar suggest, or are calculated to suggest, connection with any public board or other local authority or with any society or body incorporated by Royal Charter;
    • contains the words “co-operative”, “assurance”, “bank”, “insurance”, or any similar word which in the opinion of the Registrar connotes any of such activities or any derivative of any of such four words or of such similar words, whether in English or in any other language, or in the opinion of the Registrar suggests or is calculated to suggest any of such activities; or
    • contains the word “gaming” or “lottery” or any similar word which in the opinion of the Registrar connotes any such activity or any derivative of such words or of such similar word, whether in English or in any other language, or in the opinion of the Registrar suggests or is calculated to suggest any such activity
  • For LLC Cayman Islands shall not be registered by or have a name which:
    • is identical with that by which a limited liability company in existence and registered under this Law or an exempted company is already so registered (except where the limited liability company or exempted company in existence is in the course of being dissolved and has signified its consent in such manner as the Registrar requires) or, in the opinion of the Registrar, so nearly resembles that name as to be likely to mislead;
    • without the consent of the Registrar, contains any word or words (other than with respect to subsection (5)) that a company incorporated under the Companies Law would not be permitted to use in its name (either with or without the consent of the Registrar of Companies); or
    • in the opinion of the Registrar, suggests that the limited liability company is licensed whether in the Islands or elsewhere to carry on any type or class of business subject to the regulatory laws of the Islands when it is not so licensed or, because of any other reason, is likely to mislead
• You will be informed about Cayman Islands’ obligation, taxation policy, financial year

Your Cayman Islands company details

• We need information of your company Director, Shareholder, along with the shares ratio.
• Choose recommended services for your Cayman Islands company:
  • Bank account: You can achieve bank account in many banks in the world with Caymans Islands entity. You can choose most of the bank options in the list (except UAE, Switzerland, Hong Kong).
  • Nominee services: Using the Nominee services so the information of Nominee will be shown on Company Registration’s website.
  • Serviced office: Choose your favorite jurisdiction for Service address. You can have many Service address all over the world.
  • Intellectual Property & Trademark service: You can register Intellectual Property in all of the jurisdiction with Cayman Islands entity.
  • Merchant account: this service will be fulfilled after the corporate bank account is activated.
  • Bookkeeping: This is not compulsory for such c
• Processing time: You can select 2 time frames depending on the urgency of your request. For normal cases, a company can be formed in about 4 working days, while urgent cases can be processed and completed in 2 working day only. The process duration counts after the receipt of full payment and all required documents.

Payment for Your Favorite Cayman Islands Company

We accept payment with variety various payment methods, namely:

• Credit/Debit card (Visa/ Master/ Amex).
• Paypal: you can make a payment using your PayPal account.
• Bank Transfer: You can make an international wire transfer to our bank accounts. A list of various banks is available for your most convenience It is possible to transfer through IBAN/SEPA if you are living in the Europe. Otherwise, SWIFT will also work, taking from 3 to 5 days.

Send the company kit to your address

• Your company original documents will be sent to your provided address via via mail (DHL/ TNT/ FedEX). Bank account opening, Serviced office, license or Trademark application can be subsequently fulfilled at this time.
• It may take 2 to 5 working days to deliver the company kit after your company is incorporated.
• Upon the issuance of the Certificate of Incorporation , your Singapore company is ready to do business worldwide!