What is a Cayman Exempted Company?

A Cayman Exempted Company is the standard offshore vehicle for funds, special purpose vehicles (SPVs), crypto ventures, and international holding structures. It is exempt from Cayman local taxes by statute and has no public register of shareholders or directors.

Is the Cayman Islands FATF-compliant?

Yes. The Cayman Islands is FATF-compliant and internationally accepted by major banks and institutional counterparties. It has robust AML/KYC regimes. This is why it remains the preferred jurisdiction for institutional-grade fund structures.

What is the annual cost of maintaining a Cayman company?

Annual costs include the government fee (due each January, scaled by company type) and the licensed registered agent fee. These are ongoing obligations — failure to pay results in the company being struck off the register.

Can I open a bank account for a Cayman company?

Yes, though Cayman companies typically bank internationally (Cayman local banking is available but limited). Nomadic Go provides business banking assistance for Cayman vehicles.

Are there nationality restrictions for Cayman company formation?

Cayman law imposes no nationality restrictions on shareholders or directors. Nationals of virtually all countries can form a Cayman Exempted Company, subject to AML/KYC due diligence by the licensed registered agent. Registered agents are required by Cayman law to apply enhanced due diligence for UBOs from FATF-blacklisted or high-risk jurisdictions, and must comply with OFAC sanctions. Nationals of countries under OFAC comprehensive country programs (Iran, North Korea, Cuba, Syria) face restrictions from most registered agents and downstream banking counterparties. Russian and Belarusian nationals can typically form a Cayman company but will face heightened KYC scrutiny and more limited banking options for the vehicle. Source-of-funds documentation is particularly important for UBOs from higher-risk jurisdictions.

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Services in Cayman Islands

Explore visas, banking support, company formation and compliance services in Cayman Islands, plus curated solution bundles with fixed pricing and expert handling.

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Banking Support

Cayman Islands Personal Bank Account Support

4–8 weeks

from $1,299.00

Company Formation

Cayman Islands Exempted Company Formation

3–5 business days

from $5,999.00

Solution Bundles

Set Up in Cayman

Incorporate an offshore Cayman Islands Exempted Company, keep it compliant with mandatory registered…

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Nomadic Go+ membership

Recurring membership plans covering ongoing visa management and company compliance obligations in Cayman Islands.

Nomadic Go+: Cayman Islands

All-in-one company membership for your Cayman Exempted Company: formation included, business mailbox…

from $899.00/mo

Government and authority fees are separate from our service fee. Nomadic Go does not guarantee approval and does not provide tax advice.

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