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Cayman Islands

Cayman Foundation Company

A memberless foundation structure for token issuers, DAOs and protocols. It is a legal person in its own right, with a local secretary and director arranged for you.

One-time formation fee
From$7,357

Registered agent and annual compliance are billed separately and shown before you check out. We also accept crypto payments.

0%Cayman corporate, income and capital gains tax
0Members or shareholders required
1+Director, alongside a supervisor and a licensed local secretary
What's included

Everything needed to get it formed.

  • Local secretary and director
  • Memorandum, articles and bylaws
  • Annual return
  • Dedicated bank account, subject to the bank's approval

From prices are starting points. Your final quote depends on structure and any add-ons you choose.

Key facts
Governing law
Foundation Companies Act, built on the Cayman Companies Act
Members
None required, as long as the company has a supervisor
Directors
At least one
Secretary
A licensed Cayman service provider, whose address is the registered office. Included
Rules
The detailed rules sit in bylaws, which are not filed publicly
Ownership records
Held with the service provider and not open to the public
Who it's for

What people use it for.

DAOs

Give a community-run project a legal person that can sign contracts.

Token issuers

Issue and steward a token from an entity that nobody owns.

Protocol treasuries

Hold the treasury and IP under rules written into the bylaws.

Ecosystem foundations

Fund grants and development for a stated purpose.

After formation

Running it after day one.

A company is quick to open and still needs looking after. These are the recurring items, tracked from the same dashboard you formed it in.

01

Annual return and fee

Filed with the Registrar each January. Penalties apply if it runs late.

02

Beneficial ownership

Records are kept up to date with the licensed service provider.

03

Economic substance

A notification is filed each year. Whether fuller reporting applies depends on how the foundation is set up.

04

Virtual assets

Projects that offer virtual asset services may need to register with the regulator. We flag this early.

Questions

Common questions.

Nobody has to. It can be set up without members, with a supervisor overseeing the directors, which is why it suits community-governed projects.

It is a legal person in its own right, so it can hold the treasury, sign contracts and engage contributors on behalf of the project.

No. It is held by the licensed service provider and is available to the authorities, not to the public.

It depends on identity checks and the local registry. We show an estimate before you pay.

Other jurisdictions

Looking at another jurisdiction?

Ready to form your Cayman Foundation Company?

Start online in minutes. Pay only when you file.

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