Trust formation in Cayman Islands

[Ann1892]

Hello all,
I have a client looking to form a Trust in Cayman Islands, Can someone tell me what will be the estimated cost and what is current market trend of the prices?
Thank you!

 

[Martin Everson]

How long is a piece of string? Which costs - just setup costs or running‌ costs?

It depends on type of trust, structure, type of assets held, work required to‍ administer the trust, accounting, trustee type, local and foreign reporting requirements for any accounts etc⁠ etc.

The statutory trust fees are below i.e setup and annual fee are just 500⁤ Cayman Dollars each but the above points I mentioned will run you into thousands each⁣ year in real world.

https://www.ciregistry.ky/fees/trusts-fee-schedule/

P.S It may help if you explain what you want⁢ to achieve as you may be wasting your time establishing a trust.

 

[Fulton Abraham Sanchez]

Hi Ann
Estimated costs would be $15k and can vary based on requirements and providers.‌
Setting up a trust in the Cayman Islands involves various factors like structure and administration.‍
If you need insights or guidance, you came to the right place to get in.⁠

 

[daniels27]

I think you can do it for about 8k. Those trusts are quite a bespoke‌ solution.

 

[tacokai]

Can I ask you if⁠ you setup the trust or in the process? I have been looking into the same⁤ some years ago but put it on hold.