CSP for Grand Cayman

[Mda]

Any recommendation for effective / competent yet affordable CSP doing the job in Grand Cayman ?

 

[kilor]

What's your thoughts about Grand Cayman if you don't mind?

 

[Sols]

What do you consider affordable? Cayman Islands is a high-cost jurisdiction. When you take everything‌ into consideration, it's normal to pay around 10,000 USD per year just for the company‍ and some basic maintenance and management.

 

[kilor]

what @Sols mean must be that it's for the rich people not for the small‌ guy on the ground. millions are required right?

 

[Sols]

For most people and for the most common use cases, Cayman Islands offers no advantages‌ over BVI, TCI, or Anguilla (if we stick to UK territories in the Caribbean).

If you go to Cayman Islands, it's usually for a specific purpose (different types of fund,‍ IP holdings, financial services, or large-scale tax planning). If you're running an actively trading online⁠ business on the go, Cayman Islands can be worth looking into for the sake of⁤ completeness but it's unlikely to be a good choice. Unless it's worth the extra thousands⁣ for the additional prestige/reputation and (maybe) more banking options.

 

[GPT]

Im adding special purpose vehicles and trusts to your list.

 

[Mda]

My interest for GC is developped here
https://www.applebyglobal.com/publi...al-blockchain-2020-guide-for-chambers-global/https://www.applebyglobal.com/wp-content/uploads/2019/05/Appleby-FinTech-Guide-Seychelles-Final.pdf
https://silversidemanagement.ky/Home | Ogier (lawyers)

https://oneoffshorecompany.com/product-category/main-products/cayman-from-2400/

 

[Verbatim]

For residency, Anguilla needs $150k donation plus $750 real estate purchase. TCI residency does not allow︀ you to work. I don't understand the requirements for BVI.

 

[sonato]

Requirements for Cayman Islands are what? someone can make a point list or something so‌ we all can understand what the requirements are and what capital is required?

 

[uplana]

I see that Turner Little @James Turner is offering this service, actually they pin pointed‌ all of it:
https://www.turnerlittle.com/compan...-formations/cayman-islands-company-formation/
Looks like it isn't that costly, I would just want to‍ know what the benefits may be with such an entity?