What you get
A genuine US account. No US entity required.
Why Cayman Islands companies come to us
- Major US banks (JPMorgan, Bank of America, Wells Fargo) routinely reject Cayman entities or require months of paperwork and physical branch visits impossible from abroad
- Cayman banks (Cayman National, Butterfield) require minimum deposits of $10,000–$250,000 and extensive paper documentation including audited financials
- Mercury has become less reliable for Cayman entities following 2024 compliance crackdowns affecting offshore jurisdictions
- Brex is categorically unavailable to non-US incorporated entities
- Cayman structures using nominee managers or complex fund structures face intense compliance scrutiny that disqualifies them at most fintechs
Frequently asked
Can a Cayman Islands Exempted Company open a USD bank account without a US entity?
Yes. Hollis & Co. provides USD business banking directly to Cayman Islands-incorporated companies. No US LLC or C-Corp is required. You receive a genuine US account number and routing number, full ACH and Fedwire access, and FDIC-insured deposits
Why can't my Cayman Islands company use Mercury or Brex?
Mercury requires a US-registered entity and excludes founders from 36+ countries. Brex explicitly prohibits all companies incorporated outside the United States. Neither is available to Cayman Islands-incorporated entities. Hollis & Co. is purpose-built for international companies like yours.
Are deposits FDIC insured?
Yes. All deposits are FDIC-insured up to $250,000 per depositor.
What documents do I need to open an account?
Typically: certificate of incorporation, register of directors and shareholders, government-issued ID for all beneficial owners, and proof of address. We will guide you through the full document checklist during onboarding.
Compliance & regulatory
Hollis & Co. supports Cayman Islands companies navigating FATCA, CRS, AML/KYC, and beneficial ownership requirements. Our compliance team works with you to ensure your account opening documentation meets all applicable standards.
- Cayman exempted company FATCA CRS compliant USD account
- Cayman Islands company UBO disclosure USD banking
- Cayman fund KYC AML bank account opening
- Cayman company economic substance USD account
- CIMA registered Cayman company USD banking