Limited liability company LLCCayman Islands
What it takes to form, own and run a private limited company in Cayman Islands, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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no member or manager of a limited liability company shall be obligated personally for any such debt, obligation or liability of the limited liability company solely
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Any one or more persons may form a limited liability company for any lawful business, purpose or activity
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Tax neutrality – there are no corporation, capital gains, payroll, property or withholding taxes on any type of company, domestic or foreign.
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Yes
What it takes to form
- A notary
- Not required
- A resident director
- Does not apply
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 1 · one person may form it alone
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Any one or more persons may form a limited liability company for any lawful business, purpose or activity
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Required
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A person shall not provide a registered office to a limited liability company unless that person holds an appropriate licence
Each year, at the registry
- Annual registry fee
- KYD 1,100
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19 LLC ANNUAL FEE 57(1) 10 $1,100.00 1,341.46
- Accounts on the public record
- No
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Every limited liability company shall cause to be kept proper books of account including, where applicable, material underlying documentation including contracts and invoices
- Audit for a small company
- Not required
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Every limited liability company shall cause to be kept proper books of account including, where applicable, material underlying documentation including contracts and invoices
- Audit
- The Limited Liability Companies Act (2025 Revision) requires books of account to be kept and retained for five years (s.63) and sets no audit requirement; the word 'audit' does not occur in the Act.
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Every limited liability company shall cause to be kept proper books of account including, where applicable, material underlying documentation including contracts and invoices
Important dates
When each obligation falls due, as the authority states it.
- Annual return certifying compliance during the calendar year, with the annual fee, filed i
- 1 January
With Cayman Islands General Registry
Section 57(1): 'in January in every year'; the first year it applies is not stated on the pages read.
- Annual return with the prescribed annual fee
- 1 January
With Cayman Islands General Registry
- LLC annual fee, tendered with the return
- 1 January
With Cayman Islands General Registry
What is public
- Directors
- Public
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The Registrar shall make available for inspection by any person, the list of the names of the current managers of a limited liability company
- Shareholders
- To the authorities only
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The Registrar shall make available for inspection by any person, the list of the names of the current managers of a limited liability company
- Beneficial owners
- To those with a legitimate interest
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The Registrar shall make available for inspection by any person, the list of the names of the current managers of a limited liability company
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
No tax on profit · 0%
The Registry states there are no corporation, capital gains, payroll, property or withholding taxes on any type of company.
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Tax neutrality – there are no corporation, capital gains, payroll, property or withholding taxes on any type of company, domestic or foreign.
- CFC rules in Cayman Islands
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Winding up and dissolution under the voluntary liquidation provisions of Part 5 of the Companies Act, applied with the necessary changes (LLC Law).
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the provisions of Part 5 of the Companies Act (2025 Revision) and the Companies Winding Up Rules as applicable to voluntary liquidation shall apply mutatis
- Statutory fee
- Not in our records
Every business in Cayman Islands
VAT
- VAT or sales tax
- None levied
The Cayman Islands Government's own account of its revenue lists import duties, stamp duties and service-related fees and states that there are no direct taxes; no VAT, GST or sales tax is levied. The territory charges import duty rather than a consumption tax on supplies, so the remaining fields do not apply.
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Government revenue is primarily derived from import duties, stamp duties, and various service-related fees.
Payment and banking services
1 service names Cayman Islands on its own list: Airwallex. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Limited liability company (LLC)
- ISO 20275 code
- MPUGSecondary GLEIF, Entity Legal Forms code list