Question 1

What entity type is used for a Cayman SPV?

Accepted Answer

Cayman SPVs are typically structured as exempted limited partnerships (ELPs) or exempted companies. For single-deal co-investment vehicles, the ELP is most common because it provides tax transparency, limited liability for investors, and contractual flexibility. An exempted company serves as the general partner.

Question 2

Are there setup or legal fees for a Cayman SPV on Infra One?

Accepted Answer

No — Infra One charges zero setup and legal fees for Cayman SPV formation. The platform handles entity formation, partnership agreements, subscription documents, digital investor onboarding with KYC/AML, and ongoing administration. CIMA registration support is included.

Question 3

Does a Cayman SPV need to register with CIMA?

Accepted Answer

Closed-ended SPVs accepting investor commitments fall under the Private Funds Act and must register with CIMA within 21 days. The registration is a filing process — not an approval — so it does not delay the deal timeline. SPVs with fewer than 15 investors may qualify for exemptions under certain conditions.

Question 4

How long does it take to form a Cayman SPV?

Accepted Answer

The ELP or exempted company formation takes 3 to 5 business days. Including partnership documentation, subscription agreements, and investor KYC, a complete Cayman SPV can be operational within 2 to 3 weeks through Infra One.

Question 5

How is a Cayman SPV taxed?

Accepted Answer

The Cayman Islands impose no income tax, capital gains tax, or withholding tax. A Cayman ELP is fully tax-neutral at the entity level — there is no tax on the SPV's investment gains or on distributions to investors. This makes Cayman SPVs particularly attractive for international co-investment deals with investors across multiple tax jurisdictions.

Question 6

Why use a Cayman SPV instead of a US or UK vehicle?

Accepted Answer

Cayman SPVs are preferred when the investor base is international and includes non-US, non-UK investors who want to avoid filing obligations in those jurisdictions. The tax-neutral structure eliminates entity-level taxation, and the Cayman legal framework is well-understood by institutional investors globally. Cayman SPVs are also commonly used alongside US master funds in co-investment structures.

	Starter $3.5k + 0.75% of fund size	Growth $20k + 0.2% of fund size	Scale $35k + 0.15% of fund size
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One deal, one Cayman vehicle, global investor access

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