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Setting up Your Canadian
Company in the Cayman Islands!

Important to know: Establishing your company in Cayman takes 4-6 weeks, and you can access a 5-year work/residency visa which takes 5 days to process. Setting up a genuine physical presence with Cayman Enterprise City’s (CEC) award-winning free zones is quick, efficient, and cost-effective.

Unique to the Caribbean, CEC offers a streamlined experience and turn-key solutions which include business licensing and corporate office space. Our Global Mobility Team makes your relocation to the Cayman Islands seamless.

Canadian companies can benefit from a very favourable Tax Information Exchange Agreement (TIEA) between Canada and the Cayman Islands Government, which in certain circumstances enables them to legitimately set up a subsidiary in Cayman, earn tax exempt revenues and repatriate the profits back to the mother company in
Canada, tax-free, as exempted surplus dividend.

Benefits of relocating your business from Canada to Cayman:

The Cayman Islands are well-regulated and
globally recognised free zone
No local corporate, income, sales capital gains or payroll tax
Fast, efficient and cost-effective set up within 4-6 weeks
5 Year renewable work permits/residency visas granted within 5 days
A safe, stable British Overseas Territory with
robust laws
An appropriately regulated business environment
Excellent service providers to support your
business
Easy access to North and Latin America markets
Ongoing support

Join a Vibrant Community Where Global Business Thrives!

A location that offers a robust community and the opportunity for networking is crucial for business growth.

Businesses will have multiple chances to meet fellow innovators and enjoy a rich calendar of events including wellness programmes, industry focused seminars, educational workshops, thought- leadership conferences, as well as fun sporting and charitable events. Once you’re part of the CEC community, you’ll never feel like you’re venturing out on your own.

Offshore locations like the Cayman Islands offer a vibrant mix of local and expatriate populations, fostering a cosmopolitan environment.

Over 135 different nationalities are represented in Cayman with a population of 66,653 people.

No need to enter the grey winter months, it’s time to jet set to the Cayman Islands–why not take advantage of Cayman Enterprise City and spend a few months in paradise?

3.3% of the population living in Grand Cayman are Canadian’s

50% of companies set up in CEC are from North America

150 registered healthcare facilities and little to no wait time to see physicians. There are 4.5 doctors and 6.3 nurses for every 1,000 people.

Significant Savings Unlocked

In setup and ongoing physical office operation costs with CEC. Annual savings can be anywhere from USD $40,000 for two person offices to upwards of USD $100,000 to USD $500,000 for larger teams.

CEC’s Global Mobility team takes the lead on helping you through the business license application and work visa, saving you significant time and money. Feedback from clients is that these services typically save them in the range of US$15,000 -US$20,000 dollars in legal/service provider set-up fees.

On successful business exits from the Cayman Islands compared to onshore US exits. The absence of capital gains taxes paves the way for a more lucrative exit.

An exclusive benefit for working with CEC. SEZ businesses and employees save on 22% duty rates. A substantial saving on items such as servers.

Community Members

Meet other Canadian's, like you, who have made the move and are operating a genuine offshore physical presence in the Cayman Islands with Cayman Enterprise City Special Economic Zone (SEZ).

Meet Mike Silagadze, Canadian Founder and CEO of EtherFi

We explored various options, including the Bahamas and Singapore, but Cayman stood out for several reasons. Its proximity to North America, sharing the same time zone as Toronto and New York, made logistical sense.

Additionally, CEC streamlined the immigration and work permit processes, which, while still challenging, were made a lot more manageable with their assistance.

Canadian Company Vox Royalty Finalises Public Offering on the TSX Venture Exchange

The privately held royalty and streaming business has experienced tremendous growth since establishing in the SEZ.

“Our company has based its people in Cayman to take advantage of the business benefits offered by the CEC. We have used those benefits to secure a talented team, to obtain hassle-free work permits, and to streamline our business within a tax neutral environment.

Learn More

International Tax Firm Simplifies Taxes & Establishing an Offshore Presence in Cayman

We sat down with Santosh Prasad and Ernie Nagratha from international tax advise company Trowbridge who shared their extensive expertise and experience in helping individuals and corporations to set up and operate abroad.

Make the move from Canada to Cayman!

It's more than a great place to live. Learn about the benefits of moving offshore. If you would like to hear more about Cayman’s thriving special economic zones and discover what our team can do to help your business grow please don’t hesitate to get in touch – trading in the snow for white sandy beaches is easier than you think.

Webinar Cayman Islands Stingray City Cayman Islands

Webinar: Key Tax Advantages for Canadian Companies

An introduction to Cayman Enterprise City.
An overview of Special Economic Zone benefits.
Tax advise on Canadian companies moving offshore.
A Q&A session.

Frequently Asked Questions Canadians Ask

What is the minimum capital requirement for a business setup in the Special Economic Zone?

There is no minimum capital requirement to incorporate a Special Economic Zone Company (SEZCO).

Can I enter CEC as an individual or do I need to form a company?

You have to form a Company (SEZCO). If you would like to form a SEZCO and you're not sure where to start, we recommend getting in touch with the team at Cayman Enterprise City. We can walk you through the process and connect you with a Cayman Islands law firm or corporate service provider who will be fully versed on SEZCOs and Cayman's SEZ law.

How much does it cost to form a new Cayman company?

It varies from law firm to law firm, but will generally range from US$3,500 to US$5,500 including the Government fees and law firm’s formation charges to provide a Registered Office for you. Please note that these figures do not include additional legal fees or billable hours that may be required outside of the standard establishment of a SEZCO. We are happy to make an introduction to a local law firm that can assist you in getting your company established if you are not already working with one.

What’s the difference between a CEC Company set up in the “Zone” and a normal Cayman enterprise set up in the local economy?

In a nutshell, CEC offers the opportunity for 100% foreign ownership, a vibrant business community, and the most efficient and cost-effective way to move your business to the Cayman Islands. Please note that SEZ entities are not permitted to offer goods and services in the local economy, to avoid the possibility of creating a negative impact on local businesses. And it’s working! The impact of the CEC socioeconomic development project from inception to date is nearing USD 1 Billion.