Offshore Common Law
Crypto protocol teams launching a token, Cayman Islands
Cayman Foundation Companies act as ownerless issuers for L1/L2 protocols, with VASP (virtual asset service provider) registration available via CIMA. Used by most major DeFi DAOs and L2 rollups since 2020.
Foundation CompanyCIMA VASPDAO standard
Start setup {placement} 4 min · no card required
Corp tax
0%
Fastest setup
5 days
Region
Offshore
What you'll need
- No resident director required
- Local registered office required
- Economic-substance test applies
- Minimum capital: No minimum capital
- Administrative language: English
- Legal system: Common law
Tax and treaty profile
- Corporate tax 0%
- VAT rate 0%
- Withholding on dividends 0%
Banking and payments
- Banking takes 2 to 4 weeks with KYC
- Stripe not supported
- Mercury supported
- Crypto banking available
Considerations
If you are running an operating company, not a fund
Stripe is unavailable, banking takes 90 days, and Economic Substance Law requires real CIGA in Cayman for relevant activities. For a SaaS or e commerce business, this is the wrong tool:
No StripeSubstance requiredBanking 90 days