Setting up a company in the Cayman Islands from Bermuda offers a strategic advantage for businesses looking to expand offshore in a tax-efficient and well-regulated environment. With no direct taxes on corporations, capital gains, or income, the Cayman Islands remains one of the most sought-after jurisdictions for international business and investment funds. Unlike Bermuda, where certain regulatory requirements and tax compliance measures, such as the Economic Substance Act, require careful structuring, Cayman provides greater flexibility for offshore companies. Given Bermuda’s economic ties to global finance, many businesses—including hedge funds, insurance companies, and high-net-worth family offices—consider the Cayman Islands as a complementary jurisdiction for structuring international operations while ensuring compliance with global anti-money laundering (AML) and counter-terrorist financing (CFT) standards.
However, while the Cayman Islands offers numerous benefits, registering a company there involves specific legal and administrative procedures. From understanding the role of the Cayman Islands Companies Register to ensuring compliance with Bermuda’s foreign exchange and corporate structuring regulations, business owners must navigate several key factors. In this guide, we will walk you through everything you need to know—from company types and registration requirements to required documentation, step-by-step processes, and important legal considerations. Whether you are looking to establish an exempted company, a foundation, or an investment fund, this guide will help you make informed decisions.
Can you register a company in the Cayman Islands from Bermuda?
Yes, individuals and business entities from Bermuda can register a company in the Cayman Islands. Incorporation is possible from any country, including Bermuda, without the need for physical presence. The entire process is conducted remotely and digitally, allowing seamless registration and management. With over 100,000 active companies registered in the Cayman Islands, the jurisdiction is known for its streamlined regulatory environment, free of bureaucratic hurdles. Additionally, there are no residency requirements for directors or shareholders, making it an attractive option for international business.
Entrepreneurs from Bermuda can fully establish and manage their Cayman Islands company online without ever needing to visit the jurisdiction. Using a digital solution like Vepapu ensures a smooth and legally compliant setup, allowing for fast and efficient incorporation. The Cayman Islands' business-friendly framework enables companies to operate with flexibility while benefiting from an internationally recognized corporate structure.
Common reasons for individuals and businesses from Bermuda to incorporate in the Cayman Islands
Asset Protection
Bermudian businesses and high-net-worth individuals often incorporate in the Cayman Islands to safeguard their assets from legal risks and creditor claims. Cayman offshore structures provide strong legal protections through trusts and exempted companies, ensuring wealth is shielded from potential disputes or economic uncertainties in Bermuda.
Inheritance Planning
Estate planning in Bermuda can be complex due to local regulations, making Cayman Islands structures an appealing alternative. Cayman trusts allow Bermudian families to efficiently transfer wealth across generations while reducing inheritance taxes and succession-related legal challenges.
Taxation Benefits
While Bermuda has no direct corporate income tax, businesses expanding globally may benefit from Cayman’s tax-neutral environment, which offers no capital gains, inheritance, or withholding taxes. Incorporating in Cayman can facilitate international tax optimization strategies while ensuring compliance with global regulatory frameworks.
Holding All Assets and Properties
Entrepreneurs and investment firms from Bermuda frequently use Cayman entities as umbrella structures to hold diversified assets, including real estate, intellectual property, and financial investments. This consolidation simplifies management, improves tax efficiency, and provides robust legal protection.
Privacy
Cayman’s strict confidentiality laws ensure that company ownership and financial details remain private, making it an attractive jurisdiction for Bermudians focused on discretion. Unlike some international financial centers, Cayman does not require public disclosure of shareholders or directors, helping businesses maintain anonymity.
Ease in Operating Business
Incorporating in Cayman offers Bermudian businesses a straightforward and efficient regulatory framework, reducing administrative burdens. The absence of onerous local operational requirements and restrictions on foreign directors allows companies to function with greater flexibility.
Less and Streamlined Compliance Requirements
Cayman companies face fewer reporting and regulatory requirements compared to many other offshore jurisdictions, including Bermuda. The simplified compliance obligations reduce costs and allow business owners to focus more on growth and global expansion.
Running a Restricted Business
Certain industries face regulatory constraints in Bermuda, making Cayman an attractive alternative for businesses operating in finance, investment funds, and emerging sectors like fintech. Cayman’s established legal framework accommodates restricted business activities with fewer licensing obstacles.
Foreign Exchange & Capital Controls
Bermuda’s ties to strict regulatory frameworks can sometimes impose limitations on capital movement. Cayman companies benefit from unrestricted foreign exchange controls, enabling easier cross-border transactions and international financial operations.
International Banking & Investment Flexibility
Bermudian businesses and investment funds often turn to Cayman for improved banking access and investment structuring. Cayman’s reputation as a global financial hub facilitates smoother banking relationships and broader access to international capital markets.
Avoiding Local Political & Economic Instability
While Bermuda enjoys a stable economy, external pressures such as regulatory crackdowns or shifts in global financial policies can create uncertainty. Cayman’s status as a resilient and well-established offshore jurisdiction provides Bermudian businesses a safer long-term alternative.
Access to Global Investors & Venture Capital
Cayman-incorporated entities are widely recognized and trusted by international investors, venture capital firms, and private equity funds. Bermudian entrepreneurs looking for global funding opportunities often set up Cayman structures to enhance credibility and ease investor participation.
Intellectual Property (IP) Holding & Licensing
Businesses in Bermuda developing proprietary technologies or brands may incorporate in Cayman to better manage their intellectual property. Cayman offers favorable legal frameworks for IP holding and licensing, allowing for efficient tax structuring and global commercialization.
Reputation & Credibility in International Markets
Cayman’s well-regulated and internationally recognized financial system makes it a preferred jurisdiction for Bermudian companies seeking global credibility. Cayman-domiciled businesses are perceived as more compliant with international standards, easing cross-border partnerships and regulatory approvals.
Dual-Entity Structuring for Compliance & Optimization
Many Bermudian firms adopt a dual-entity approach by maintaining operations in Bermuda while incorporating a Cayman entity to optimize business functions. This strategy allows companies to leverage Cayman’s financial benefits while adhering to Bermuda’s regulatory and operational requirements.
What challenges could arise while incorporating a company in the Cayman Islands from Bermuda?
Understanding Offshore Compliance
Companies incorporated in the Cayman Islands must comply with international and local regulations, often requiring extensive reporting and disclosure. Business owners from Bermuda need to understand Cayman’s Economic Substance requirements, Anti-Money Laundering (AML) obligations, and Ultimate Beneficial Ownership (UBO) filings, which may differ from Bermuda’s compliance framework. Non-compliance with these regulations could lead to penalties or administrative sanctions.
Banking Limitations
Opening a corporate bank account in the Cayman Islands can be challenging, particularly for businesses in high-risk industries or for shareholders from certain jurisdictions. Local banks require extensive due diligence, including proof of business activities and beneficiary identities, and they may impose higher thresholds for approval. As a result, entrepreneurs from Bermuda should be prepared for delays and additional documentation when setting up their company’s financial operations.
Regulatory Changes
Both Bermuda and the Cayman Islands are subject to oversight by international regulatory bodies such as the OECD and FATF. Changing global tax laws, such as the OECD’s BEPS (Base Erosion and Profit Shifting) initiative, could impact offshore structures, leading to higher transparency requirements or limitations on tax advantages. Entrepreneurs must stay informed about both jurisdictions’ compliance obligations to avoid unexpected legal or financial difficulties.
Ongoing Maintenance Costs
While incorporating a company in the Cayman Islands is relatively straightforward, ongoing costs can add up. Business owners must account for annual compliance, filing fees, and the cost of maintaining a registered office and agent in the Cayman Islands. Fortunately, Vepapu ensures 100% online compliance, handling all regulatory requirements seamlessly for entrepreneurs in Bermuda, making the process more efficient and stress-free.
Limited Local Operations
The Cayman Islands primarily serves as a jurisdiction for holding companies, investment funds, and international trade. Businesses requiring a physical office, local workforce, or commercial activities may face restrictions, as the Cayman Islands does not encourage large-scale operational entities. Entrepreneurs from Bermuda looking to establish a tangible presence should consider the licensing requirements and local business laws to determine feasibility.
Different types of companies that can be registered in the Cayman Islands from Bermuda
Exempted Company
An Exempted Company in the Cayman Islands is a popular choice for international businesses seeking tax neutrality and confidentiality. Unlike a local company, it does not require Caymanian ownership or operate domestically, making it ideal for offshore investors from Bermuda looking to establish a global business presence.
Limited Liability Company (LLC)
A Cayman Islands LLC combines flexibility with limited liability protection, similar to U.S. LLC structures. It operates as a separate legal entity, shielding owners from personal liability while allowing for customized profit distribution—an attractive feature for Bermudian investors planning joint ventures or private investment funds.
Foundation Company
A Foundation Company is suited for philanthropic endeavors, wealth management, or asset protection. Unlike traditional trusts, it has a separate legal identity and no shareholders, allowing Bermudian entrepreneurs to establish long-term governance structures while maintaining control over assets.
Limited Partnership (LP)
A Cayman Islands Limited Partnership is commonly used for private equity and venture capital investments. It consists of general and limited partners, offering flexibility in management and tax efficiency for Bermudian investors seeking to raise capital across multiple jurisdictions.
Special Economic Zone (SEZ) Company
An SEZ Company benefits from a streamlined setup process and operational advantages within designated Cayman Islands Special Economic Zones. This structure is ideal for Bermuda-based fintech, biotech, and media firms looking for a tax-friendly jurisdiction with minimal bureaucratic hurdles.
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Company Structures in the Cayman Islands: A Detailed Comparative Analysis
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Requirements to start a company in the Cayman Islands from Bermuda
Members
For an Exempted Company in the Cayman Islands, at least one shareholder and one director are required. Directors and shareholders can be of any nationality and do not need to be residents of the Cayman Islands. There is no requirement to appoint a local director. In the case of a Limited Liability Company (LLC), at least one member is needed, and there are no restrictions on residency or nationality.
Registered Office and Registered Agent
Every Cayman Islands company must have a registered office within the jurisdiction, provided by a licensed service provider. An Exempted Company must also appoint a registered agent, though this is optional for an LLC. The registered office is responsible for maintaining statutory records and liaising with the Cayman Islands Registrar of Companies.
Company Name Approval
Before incorporation, the chosen company name must be approved by the Cayman Islands Registrar of Companies to ensure uniqueness and compliance with naming regulations. The name cannot be identical or too similar to an existing entity, nor can it include restricted terms such as "Bank" or "Insurance" without the necessary licenses. Names may be in any language, provided an English translation is given if requested.
Minimum Share Capital
There is no statutory minimum share capital requirement for an Exempted Company. However, companies typically adopt a standard authorized share capital of USD 50,000, divided into shares of no par value or a nominal value such as USD 1 per share. LLCs do not issue shares, so capital contributions are determined based on the agreed terms between members.
Incorporation Paperwork
An Exempted Company must file a Memorandum and Articles of Association (MAA) with the Cayman Islands Registrar. The MAA outlines the company's structure, objectives, and internal governance. For an LLC, a Registration Statement is required instead, specifying the company’s name, registered office, and the initial member(s). The incorporation process is straightforward and can often be completed within a few days.
Due Diligence
All directors, shareholders, and key personnel must undergo a due diligence process, including identity verification and background checks. This typically involves submitting notarized copies of passports, proof of residential address, and professional references. The Cayman Islands also requires companies to disclose details about their intended business activities to ensure compliance with anti-money laundering and regulatory frameworks.
For Individuals:
The following documents are required for every individual member (directors, shareholders, and ultimate beneficial owners)
A certified true copy (scanned version) of a bank statement or utility bill (e.g., electricity, gas, water, internet, cable, waste management, and sewage).
Copies of the last two tax returns, a letter of employment, a letter from an accountant certifying your annual income, or financial statements or bank statements from the last 2 years.
A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.
A detailed description of your business activities (products and services, sectors, major operating countries), and business model.
For Corporations:
The following documents are required for every corporate member (corporate directors, corporate shareholders, and ultimate beneficial owners)
Certificate of Incorporation
Memorandum and Articles of Association / Constitution
Register of Director
Register of Shareholder / UBO
Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).
How to Register a Company in the Cayman Islands from Bermuda?
Step 1: Decide on the Structure
Single Entity Structure
A standalone Cayman Islands company is an attractive option for entrepreneurs and businesses in Bermuda looking to expand internationally. This structure is often used for global trade, asset protection, or investment purposes, offering tax neutrality and flexibility. It can be incorporated as an exempted company or a limited liability company (LLC), depending on operational needs and regulatory considerations.
Double Entity Structure
A double entity structure involves forming a Cayman holding company that owns an operational entity in Bermuda. This setup is commonly utilized for international expansion, foreign investment, and tax efficiency while leveraging both jurisdictions' legal and financial benefits. The Bermuda entity can handle local operations, while the Cayman holding company oversees broader investments or financing activities.
Multiple Entity Structure
A multiple entity structure is most suitable for businesses managing diverse operations across different jurisdictions. In this model, a Cayman holding company controls multiple subsidiaries, which may operate in Bermuda and other regions. This is commonly used for investment funds, real estate portfolios, or multinational corporations seeking centralization, regulatory flexibility, and asset protection.
Step 2: Paperwork and Company Incorporation
Company Name Availability and Document Preparation
The first step in incorporating a Cayman company from Bermuda is checking the availability of the desired company name. The name must be unique and comply with the Cayman Islands’ naming conventions. Once approved, the necessary documents, such as the Memorandum and Articles of Association (M&AA) for an exempted company or a Registration Statement for an LLC, must be drafted.
Submission and Approval Process
After preparing the corporate documents, they must be submitted to the Cayman Islands General Registry for review. The registrar may request clarifications or additional information during the assessment process. Once approved, the company will be officially incorporated, and a Certificate of Incorporation will be issued.
Step 3: Opening a Bank Account
Opening a bank account for the company is optional. If required, a Cayman company can open an account in Cayman, Bermuda, or any other international banking jurisdiction. Banks may have different requirements, including an initial deposit, minimum balance, and verification procedures. Some banks may also require a physical visit, depending on their due diligence policies.
Maintaining a banking relationship in Bermuda while operating a Cayman-registered company is a common practice for international businesses. Cayman companies can also open accounts in key financial centers such as Hong Kong, Switzerland, Singapore, or the UAE for global transactions, depending on the business needs. This approach provides flexibility for international trade and investment management.
In the digital era, businesses also have the option to open accounts with online banking platforms and fintech service providers. These digital banks often offer faster account setup, multi-currency support, and remote access without requiring physical presence, making them a convenient alternative for Cayman companies operating internationally.
Step 4: Apply for Licenses (if required)
Financial Services License
Entities involved in financial services such as investment funds, asset management, wealth advisory, or lending must obtain a relevant financial services license from the Cayman Islands Monetary Authority (CIMA). This ensures compliance with local financial regulations while benefiting from Cayman’s status as a global financial hub.
Virtual Asset Service Provider (VASP) License
Businesses operating in cryptocurrency, blockchain technology, or virtual asset exchanges need to apply for a Virtual Asset Service Provider (VASP) license. The Cayman Islands has a comprehensive regulatory framework for digital assets, making it a favorable jurisdiction for blockchain-based businesses.
Insurance & Reinsurance License
If the company plans to engage in insurance or reinsurance activities, a corresponding license must be acquired. The Cayman Islands is a leading jurisdiction for captive insurance companies, offering regulatory advantages for insurance firms seeking an efficient and globally recognized structure.
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Certificate of Incorporation provided by the Registry in the Cayman Islands approving your company's incorporation
What are the Annual Compliance Requirements in the Cayman Islands?
Filing an Annual Return
All Cayman Islands exempted companies must file an annual return with the Registrar of Companies. This filing confirms the company's ongoing good standing and includes basic company details, such as the registered office address and confirmation of its exempted status. The process is straightforward and does not require the disclosure of financial statements, ensuring regulatory obligations remain minimal while maintaining compliance.
Payment of Annual Government Fees
Every Cayman Islands company is required to pay an annual government fee based on its authorized share capital. These fees, due by January 31 each year, help maintain the company’s good standing with the authorities. Failure to pay on time can result in penalties and potential strike-off from the register, making timely payment essential for continued operations.
Maintaining a Registered Office and Registered Agent
All Cayman Islands companies must maintain a registered office within the jurisdiction, provided by a licensed corporate services provider. Additionally, a registered agent is required to handle official communications and ensure compliance with regulatory obligations. This requirement ensures that the company has a local point of contact for government correspondence and legal notices.
Economic Substance Compliance (If Applicable)
Companies engaged in certain relevant activities, such as fund management, banking, or financing, must meet the Cayman Islands Economic Substance requirements. This involves demonstrating adequate levels of local staff, premises, and core income-generating activities within the jurisdiction. If a company falls under the scope, it must file an annual economic substance report with the Cayman Islands Tax Information Authority to confirm compliance.
Registers Maintenance and Record Keeping
Cayman Islands companies are required to maintain internal records, including registers of directors, shareholders, and beneficial owners. These must be kept at the registered office and updated regularly. Though financial statements do not need to be filed publicly, businesses must retain sufficient records to reflect their financial position and transactions for at least five years.
Industry-Specific Compliance for Regulated Entities
Companies engaged in regulated activities, such as investment funds, insurance, or banking, must comply with Cayman Islands Monetary Authority (CIMA) regulations. This includes annual audits, regulatory filings, and periodic reporting depending on the industry. Additional obligations may include appointing compliance officers, adhering to anti-money laundering (AML) regulations, and fulfilling risk assessment requirements.
Non-Compliance Implications
Failing to meet annual compliance requirements can result in financial penalties, administrative fines, or dissolution of the company. Companies removed from the register due to non-compliance may face legal issues when reinstating or conducting business. Furthermore, regulatory breaches of economic substance or AML laws may trigger investigations or reputational damage, making compliance a crucial aspect of operating an offshore entity in the Cayman Islands.
Annual Filings, Renewals, and Reporting Requirements for the Cayman Islands Company
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Other Considerations in Forming a Company in the Cayman Islands from Bermuda
Double Taxation Agreement (DTA)
The Cayman Islands does not have a double taxation agreement with Bermuda or most other jurisdictions, meaning profits earned by a Cayman entity may not benefit from treaty-based tax relief. While this ensures a straightforward tax-neutral structure, businesses relocating from Bermuda should assess whether the lack of DTA coverage could affect international tax efficiencies, especially when dealing with jurisdictions that impose withholding taxes on cross-border transactions.
Permanent Establishment (PE)
Operating a Cayman Islands entity from Bermuda, or maintaining substantial business activities there, could risk creating a permanent establishment in either jurisdiction. If tax authorities determine that management decisions occur predominantly in Bermuda, the new Cayman company may face tax residency claims, potentially subjecting profits to unexpected local taxes. Structuring operations carefully is essential to ensure tax residency aligns with strategic offshore objectives.
Controlled Foreign Corporation (CFC) Rules
While the Cayman Islands imposes no corporate income tax, businesses connected to jurisdictions with CFC rules—such as the U.S. or the U.K.—must consider whether a new Cayman company could trigger tax liabilities for its shareholders. If Bermuda-based investors control the Cayman entity, taxable offshore income may need to be reported in their home country, affecting the intended tax neutrality. Awareness of these rules helps prevent unforeseen tax obligations in the owners' primary jurisdiction.
Economic Substance (ES) in the Cayman Islands
Companies incorporating in the Cayman Islands must comply with the jurisdiction’s economic substance requirements if they conduct “relevant activities” such as fund management, banking, or financing. Unlike Bermuda’s regulations, Cayman’s ES framework mandates demonstrable local business presence, including personnel, premises, and core income-generating functions. Shifting operations from Bermuda necessitates evaluating whether existing resources suffice or if additional Cayman-based activities must be established.
Transfer Pricing
Cross-border transactions between a Cayman Islands company and its Bermuda affiliates should comply with transfer pricing principles to ensure arm’s length dealings. While neither jurisdiction enforces strict transfer pricing laws, foreign tax authorities evaluating Bermuda-Cayman structures may scrutinize inter-company arrangements to assess profit allocation. Proper documentation and commercially justified pricing strategies help maintain compliance with international tax standards.
Visa and Residence
The Cayman Islands’ immigration policies require foreign nationals seeking residency or work permits to navigate specific regulatory pathways. While Bermuda residents may easily establish a legal entity in Cayman, relocating key personnel requires work permits, with certain roles subject to local labor market testing. Businesses planning to move operational functions from Bermuda should ensure their executives and staff can obtain the necessary approvals to reside and work in Cayman.
How Vepapu Can Assist You in Opening Your Company in the Cayman Islands from Bermuda?
Vepapu simplifies Cayman Islands company registration for entrepreneurs in Bermuda by offering a fully remote and seamless process. Without needing to travel, you can complete everything online—from name approval to receiving your Certificate of Incorporation. Vepapu also assists with bank account setup, helping you navigate financial institutions in the Cayman Islands, Bermuda, or other key banking jurisdictions. Their team handles all necessary paperwork, streamlining document submissions to ensure efficiency. Beyond incorporation, Vepapu ensures your company stays compliant with local regulations, including filing annual returns with the Cayman Islands Registrar and managing Economic Substance (ES) requirements if applicable. Their expertise in offshore company formation makes the process straightforward, allowing businesses in Bermuda to establish a presence in the Cayman Islands with confidence and ease.
Frequently Asked Questions while forming a company in the Cayman Islands from Bermuda
Can I form a company in the Cayman Islands from Bermuda?
Yes, residents and businesses in Bermuda can incorporate a company in the Cayman Islands without any restrictions. The Cayman Islands is a well-known offshore jurisdiction offering various company structures, including exempted companies, which are commonly used for international business. The incorporation process can be completed remotely, and there is no requirement for company founders to visit the Cayman Islands in person.
Does Bermuda have any tax treaties or agreements, such as DTA (double taxation agreements), with the Cayman Islands?
Bermuda does not have a double taxation agreement (DTA) with the Cayman Islands. Both jurisdictions operate as tax-neutral territories, meaning they do not impose direct taxes such as income tax, corporate tax, or capital gains tax. As a result, double taxation is not a concern when conducting business between the two jurisdictions. However, businesses should still consider any applicable international tax obligations in their respective countries of residence or operation.
Does the Cayman Islands share any details with the Bermuda government and authorities?
The Cayman Islands maintains a high level of corporate privacy and does not publicly disclose company ownership details. However, under international regulatory frameworks, both Bermuda and the Cayman Islands comply with global information-sharing agreements such as the Common Reporting Standard (CRS) and FATCA. These agreements facilitate the exchange of financial account information between governments for tax compliance purposes. If a Cayman Islands entity falls under relevant reporting obligations, Bermuda’s tax authorities may receive information through these agreements.
Does Bermuda recognise the company documents issued by the Cayman Islands?
Yes, Bermuda recognises Cayman Islands company documents when they have been properly certified. If a Cayman Islands company requires its documents to be legally accepted in Bermuda, obtaining an Apostille under the Hague Convention simplifies the process. Since both Bermuda and the Cayman Islands are British Overseas Territories, authentication through apostilled documents is generally sufficient for legal and administrative recognition in Bermuda.
Do I need any approvals from the Bermuda government to incorporate a company in the Cayman Islands?
No, you do not need prior approval from the Bermuda government to establish a company in the Cayman Islands. Bermuda does not impose restrictions on its residents or businesses forming offshore entities in other jurisdictions. However, if the Cayman Islands company intends to conduct business activities within Bermuda, additional regulatory requirements or approvals may apply.
Can I open a bank account for my Cayman Islands company in Bermuda?
Yes, you can open a bank account for your Cayman Islands company in Bermuda, provided the bank accepts offshore entities. The Cayman Islands does not impose any restrictions on where its companies can hold bank accounts. If you already have an existing banking relationship in Bermuda or find it convenient to open an account there, you may do so. However, local banks in Bermuda will conduct due diligence and compliance checks, including a review of the company's structure, business activity, and beneficial owners.
Can I operate my Cayman Islands company from Bermuda?
Yes, you can operate your Cayman Islands company from Bermuda, as there are no restrictions preventing you from managing an offshore entity while residing in Bermuda. However, if you establish a significant business presence in Bermuda—such as hiring employees or setting up a physical office—you may become subject to Bermuda's local business regulations. If your Cayman Islands company is only being used for offshore activities without a physical presence in Bermuda, it generally remains outside Bermuda’s regulatory framework.
Are Cayman Islands companies blacklisted or restricted in Bermuda?
No, the Cayman Islands is not blacklisted or restricted in Bermuda. Both jurisdictions are British Overseas Territories and maintain strong regulatory and compliance standards. Bermuda does not impose any special restrictions on doing business with Cayman Islands companies. However, international listings such as the EU or FATF blacklists may impact banking and compliance processes globally, so businesses should always ensure compliance with international financial regulations.
Can a Cayman Islands company hold property or real estate in Bermuda?
A Cayman Islands company can acquire property or real estate in Bermuda under certain conditions. Bermuda has strict property ownership regulations, especially for non-Bermudians and foreign entities. A foreign-owned company—or an entity incorporated outside of Bermuda—must obtain a government-approved license to purchase property. These licenses are typically granted for specific property types, and restrictions apply to the resale or leasing of such properties. Cayman Islands companies looking to invest in Bermuda real estate should review Bermuda’s property ownership laws before proceeding.
Can I hire employees in Bermuda through my Cayman Islands company?
Yes, a Cayman Islands company can hire employees in Bermuda, but it must comply with Bermuda's employment and immigration laws. If a foreign company hires employees in Bermuda, it may need to establish a local presence or register with the relevant authorities. Additionally, company employees who are non-Bermudians require work permits, which must be obtained from Bermuda’s Department of Immigration. Hiring through a Cayman Islands company does not exempt employers from compliance with Bermuda’s labor regulations, payroll tax obligations, and other employment-related requirements.
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