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Cayman Islands: Types of Company

Exempt Company

This page was last updated on 28 June 2019.

There are several differences between a non-resident company and an exempted company. An exempted Caymanian company:

  • does not have to use Ltd or Limited in its name
  • may issue bearer shares in addition to registered shares, though they must be held by an authorized depositary
  • must hold one directors' meeting a year in Cayman (but may use proxies)
  • does not have to hold a shareholders' meeting in Cayman
  • need not file a list of shareholders annually, and does not even have to keep such a list
  • may obtain a certificate of tax exemption (i.e. against any future Cayman taxation)

An exempted company (or limited duration exempted company) is the normal form of choice for collective investment vehicles. Incorporation and annual fees depend on capital as follows:

  • KYD600 for capital less than KYD42,000
  • KYD900 for capital between KYD42,001 and KYD820,000
  • KYD1,884 for capital between KYD820,001 and KYD1.64m
  • KYD2,468 for capital over KYD1.64m
  • KYD150 annual licence fee for companies based in Cayman Enterprise City



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