Establishing substance in the Cayman Islands. Price list

Finding office space (real estate agency commission fee)

from 2 monthly rents

Renting an office (depending on the location, office size, and number of workstations)

from 660 per month (a small office for one person)

Renting a workstation in a co-working area

from 330 per month

Nominee director

from 5 500 per year

Recruiting and hiring personnel to the company (searching for an employee, providing candidates’ CVs for selection, conducting up to 3 interviews, drafting an employment contract, and agency commission fee):

for supporting staff members /
for senior management

one monthly salary / two monthly salaries

Average monthly salary (depends on the employee’s functions and qualification)

5 000 (minimum full-time salary starts at 2 600)

Compliance fee
Payable in the cases of:
- incorporation of a company,
- renewal of a company,
- liquidation of a company,
- transfer out of a company,
- issue of a power of attorney to a new attorney,
- change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder,
- signing of documents.

275 (standard rate – includes the check of 1 individual)
+ 165 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL
+ 220 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL
385 (rate for high-risk companies, includes the check of 1 individual)
110 (signing of documents)