5 Types of Companies in the Caymans
Essentially there are five basic types of companies which may be registered in Cayman: resident companies, non-resident companies, exempted companies, limited duration companies, foreign companies and segregated portfolio companies. Regardless of which type of company you incorporate, you may do so with liability limited by shares or by guarantee, as unlimited companies, or even as non-profit organizations (if applicable).
You could do all the work yourself from here but everything can be handled/papered at a reasonable price by one of the firms licensed for this purpose. So WWMD? Hire a firm to handle it. This leaves more time for drinking mojitos on the beach. Remember, there is a lot of competition in Cayman for your business so I urge you to negotiate a good price for yourself.