Guide
Cayman Islands: Foundation Companies
20 February 2024
What is a Cayman Islands foundation company?
It is a type of non-profit company (ie one which cannot distribute profits to members) which is incorporated under the Companies Act (2023 Revision) (the Companies Act). The Companies Act applies to foundation companies with two important differences that allow it to function in a similar way to a civil law foundation: it need not have members and its constitution can only be amended if expressly provided in its constitution.
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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
