Set Up Cost For Cayman Hedge Funds
Some managers inquire about the cost to form a Cayman Islands hedge fund. A manager can expect the fees for a corporate fund to be in the below range.
If you have any questions, please post here.
STAND-ALONE EXEMPT LIMITED COMPANY FUND FEE ESTIMATE
- GOVERNMENT FEES (PAYABLE TO CAYMAN REGISTRAR) (USD)
Initial Government Disbursements And Filing Fees 1,229.27
Tax Exempt Certificate (OPTIONAL) 1,829.27
SUB-TOTAL 3,058.54
CAYMAN ISLANDS MONETARY AUTHORITY
Registration of company with CIMA as a mutual fund 3,658.00
(ASSUMING THAT THE COMPANY IS REQUIRED TO REGISTER WITH CIMA AS A MUTUAL FUND WITH THE CAYMAN ISLANDS MONETARY AUTHORITY)
OTHER FEES
Formation Agent Fee 900.00
Registered Office Fees 900.00
Corporate Secretarial Fees 2,000.00
Director One 10,000.00
Director Two 10,000.00
Sundry Disbursements 100.00
SUB-TOTAL 23,900.00
SERVICE PROVIDER FEES
Professional Legal Fees 10,000- 20,000*
Auditors 10,000-20,000**
Administration Fee See fee quote from administrator
ANNUAL FEES (YEAR 2 ONWARDS)
Registrar of Companies (VARIES BY SHARE CAPITAL) 731.71
Registered Office Fees 900.00
Corporate Secretarial Fees 2,000.00
Directors (X2) 20,000.00
CIMA Registration (IF APPLICABLE) 3,658.00
SUB-TOTAL 27,289.71
*Professional legal fees may vary by legal counsel
**Audit fees may vary by audit firm
Also, any Cayman Islands incorporation request can be submitted ONLINE: see
