Compare jurisdictions side by side
See 2 or 3 jurisdictions side by side: all-in cost for year 1 and year 2, headline tax, audit, registers and time to form. Cayman Islands is a good fit for funds, listing vehicles, institutional holding. British Virgin Islands is a good fit for holding, JV, investment vehicle. Bermuda is a good fit for insurance and institutional.
| Comparing3 jurisdictions |  Cayman |  BVI |  Bermuda |
|---|---|---|---|
| Cost | |||
| Year 1 all-in | CaymanUS$3,990 | BVIUS$1,925 | BermudaUS$1,390Lowest |
| From year 2 | CaymanUS$3,490 | BVIUS$1,450 | BermudaUS$1,000Lowest |
| 3-year cost (Starter) | CaymanUS$10,970 | BVIUS$4,825 | BermudaUS$3,390Lowest |
| Tax & reporting | |||
| Headline tax | Cayman0% local | BVI0% local | Bermuda0% (15% large MNEs) |
| Annual audit | CaymanFunds only | BVINoBest | BermudaYes |
| Public register | CaymanMembers and BO not public; directors list open to inspection | BVINot public | BermudaDirectors and members open to inspection; BO not public |
| Setup | |||
| Type | CaymanOffshore | BVIOffshore | BermudaOffshore |
| Entity | CaymanExempted Company | BVIBVI Business Company | BermudaExempted Company |
| Minimum directors | Cayman1 | BVI1 | Bermuda1 |
| Legal system | CaymanCommon | BVICommon | BermudaCommon |
| Time to form | Cayman3–5 business days | BVI2–5 business days | Bermuda1–2 weeks |
| Best for | CaymanFunds, listing vehicles, institutional holding | BVIHolding, JV, investment vehicle | BermudaInsurance and institutional |
Ask about this comparison
AI answers from OCC’s published prices & facts · no sign-upWhich one for your situation
You need a business bank account soon
Any of them can work. We introduce you and prepare the application; the bank decides.
You want a lower running cost
Bermuda, from US$1,000 a year based on published year-2 prices.
You only hold shares or other assets
Any of them can hold assets. Your home country may still tax the income, so check that first (confirm with your specialist).
You need it fast
British Virgin Islands, typically 2–5 business days after KYC approval.
General guidance based on headline rules, not tax or legal advice. Your specialist confirms how tax residency, substance and banking apply to you before you pay.