Buying a сrypto-company in the Cayman Islands

Сrypto-company in the Cayman Islands

This jurisdiction is popular among entrepreneurs working in the financial services industry. Key sectors on the islands are banking and insurance activities, as well as the opening of joint funds. Despite the small territory of the islands, many companies, banks, and investment funds are registered there.

Сrypto-company in the Cayman Islands

Specifics of regulation

  • CIMA has not yet published its position on the status of the cryptocurrency and the terms of its turnover. However, if the currency is used as a means of payment, the law on monetary services applies. According to this law, all legal entities are required to obtain a permit to provide monetary services.
  • Means of payment (tokens) are used as payment for goods. In most cases, such currency is used by firms that provide financial services. Issuers must follow MSL and ETL rules. There are provisions against money laundering within the islands.
  • Under MSL, financial services include activities involving money orders. Other services as determined by the island authorities may also fall within this scope.
  • To be fully operational, a company must not only obtain a permit but also comply with anti-money laundering laws. Due to the growing popularity of cryptocurrency, many funds have opened a company offshore. The work of these institutions and peculiarities of registration are regulated by MFL.
Сrypto-company in the Cayman Islands

The nuances of registration

  • The opening of a company and its further operation is regulated by the Companies Act. Usually all legal entities that are registered in the territory conduct business abroad to avoid taxation.
  • A number of rules must be followed in order to be successfully registered. The company must operate outside the jurisdiction and may not enter into transactions with persons who are residents of the islands.
  • Shares of such firms should not be in free circulation. At least one director and a shareholder are required to open a company. There are no conditions as to the residency of such persons. A registered office is an obligatory condition. Costs of opening a company may vary depending on the size of the charter capital.


Taxation of cryptocurrency activities

  • Since the islands are offshore territory, the tax rate may be equal to zero. Some companies are allowed to obtain a certificate of exemption from fees for two decades with the possibility of extension.
  • Despite the zero rate of taxation, there is a need to pay stamp duty when selling real estate assets in the jurisdiction. The company in the territory has no obligation to provide financial accounts and reports for the year.
  • There are no strict requirements for the preparation and submission of financial statements. At the same time, the company must keep financial reports on transactions, which are necessary to analyze the state of the company.

Ready-made companies with bank accounts

Or you've already got own business and there is a need to expand the scope of activities. To avoid the loss of time and effort to register juridical individuals, you can arrange a ready-made company. You will have a fully prepared company with a package of documents, which is mandatory for conducting a full-fledged activity.

Companies with licenses

Buying a ready-made company is the best option for operational business development in a new industry, as well as the need to expand the scope of the existing organization increase its scale. Acquisition of a company with mandatory permits and license means the ability to enter a new market in a short period of time.


Acquisition of a ready-made bank allows you to save time, as well as quickly carry out all reissuing operations. On average, the procedure takes about one day. As a result, the client becomes the head of the bank, which already has a client base, as well as status in the market and ready staff. Our company conducts all operations in accordance with existing legislation.


Investment fund is a modern investment tool designed for all types of assets. The purpose — managing of assets as well as solving number of tasks in a way that works best for individuals. There is no open subscription, meaning that a private investment fund has a closed structure. This is the most optimal solution for distributing capital through broad instruments.

SEMI for sale

When conducting business related to foreign exchange transactions, electronic money and cryptocurrencies, it may be necessary to open a financial company with a SEMI license. This type of license covers the production of debit cards and cryptocurrencies, the acceptance and sending of payments, the execution of transfers from third parties, and the opening of merchant accounts.

Crypto Offshore

When working with cryptocurrency it is important to choose the right country, where it is most profitable to open a company. Each country has a different attitude towards this type of currency. A country that has a loyal or positive attitude towards cryptocurrency can be called a crypto-offshore.


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