It's quite easy, the biggest question is whether it's worthwhile.
Important: IANAL!!!
You can open what's called a "Cayman Islands exempt" company, which can exist here in Cayman jurisdiction but which cannot do business in Cayman (basically don't compete with Caymanians in Cayman). This is generally how holding and investment companies are structured. _However_, this doesn't shield you from either personal taxes or visibility. Cayman is much more transparent than, say, Delaware. And if the book value of investments grows and you're American the IRS will find you quickly (if you have any assets in Caymanian banks they'll report your activity to US authorities regularly, even without a warrant or request.). KYC here is no joke, it took me a month to open a bank account here and I'm a permanent resident with Cayman parents.
Since this is HN though, you may be interested in a "fully remote" company with no real home - that works quite well here. You can pay contractors anywhere without holdbacks or forms and let them be responsible for their taxes (be aware of Nexus rules though, it's not foolproof.) You'll generally be responsible for taxes in the countries where you book income from that country, but (consult a lawyer) not always for SaaS. The biggest advantage IMO is that you'll be able to cut your paperwork down enormously because Cayman just doesn't care about the flows of money (so long as it's documented for laundering/tax avoidance reasons). Nothing to file, nothing to pay.
Finally, let me plug the good folks at Cayman Enterprise City. https://www.caymanenterprisecity.com/. They will set you up to actually have an office and presence here (in a really nice building downtown!), they can give some light legal advice and guidance, and if you have employees anywhere in the world who want to relocate to paradise they can get them a visa in a day or two to move here.
So yeah, it's "easy", it's not terribly useful for tax mitigation directly, it's (in my admittedly biased opinion) one of the best places in the world to anchor a truly global startup.
If you can share more context I can try to be more helpful? But likely the next step is an actual professional accountant/lawyer.
Important: IANAL!!!
You can open what's called a "Cayman Islands exempt" company, which can exist here in Cayman jurisdiction but which cannot do business in Cayman (basically don't compete with Caymanians in Cayman). This is generally how holding and investment companies are structured. _However_, this doesn't shield you from either personal taxes or visibility. Cayman is much more transparent than, say, Delaware. And if the book value of investments grows and you're American the IRS will find you quickly (if you have any assets in Caymanian banks they'll report your activity to US authorities regularly, even without a warrant or request.). KYC here is no joke, it took me a month to open a bank account here and I'm a permanent resident with Cayman parents.
Since this is HN though, you may be interested in a "fully remote" company with no real home - that works quite well here. You can pay contractors anywhere without holdbacks or forms and let them be responsible for their taxes (be aware of Nexus rules though, it's not foolproof.) You'll generally be responsible for taxes in the countries where you book income from that country, but (consult a lawyer) not always for SaaS. The biggest advantage IMO is that you'll be able to cut your paperwork down enormously because Cayman just doesn't care about the flows of money (so long as it's documented for laundering/tax avoidance reasons). Nothing to file, nothing to pay.
Finally, let me plug the good folks at Cayman Enterprise City. https://www.caymanenterprisecity.com/. They will set you up to actually have an office and presence here (in a really nice building downtown!), they can give some light legal advice and guidance, and if you have employees anywhere in the world who want to relocate to paradise they can get them a visa in a day or two to move here.
So yeah, it's "easy", it's not terribly useful for tax mitigation directly, it's (in my admittedly biased opinion) one of the best places in the world to anchor a truly global startup.
If you can share more context I can try to be more helpful? But likely the next step is an actual professional accountant/lawyer.