
A nominee director will be appointed on your behalf. However, their role as directors is passive.
A nominee shareholder holds the legal title to a company’s shares on behalf of the beneficiary owner. They have no claim over the shares, but their credentials appear for official registration.
These services include reviewing the authenticity of the certifications granted by the government. A notary conducts these mandatory checks if you wish to open an offshore bank account.
Your Nominee Director will require the Power of Attorney to make decisions on behalf of your company.
The cost of setting up a company in the Cayman Islands varies depending on the company type and services required. Business Setup Worldwide's Cayman Islands company formation cost starts at $3,755 .
The total Cayman Islands company formation cost depends on factors such as the type of company, the number of shares issued, annual government fees, and registered agent or legal service fees.
Most registered agents in the Cayman Islands offer transparent pricing, but additional costs may apply for notarization, document couriering, compliance checks, and annual renewal fees.
Yes. After incorporation, you must pay an annual renewal fee and maintain a registered office through a local agent.
Yes, all companies registered in the Cayman Islands must be renewed annually.
You may choose to open an offshore company and bank account in a jurisdiction of your choice. However, you have no obligation to select a bank from the abovementioned list and may opt for another bank of your choice. BSW is not proposing any banking services; we are proposing an introduction service that includes preparing the application form and business plan and submitting both files to the bank. Accepting the same is at the sole discretion of the bank authorities.
Bank account opening applications are subject to mandatory due diligence by the bank and clauses under national and international (FATF) standards, mainly to prevent money laundering. The content on this page must not be interpreted as a proposition to waive any due diligence or adherence to standards.