Becoming incorporated with only a single member is possible in the Cayman Islands except in the case of a Limited Duration Company, which has to have two members before they can form a corporation. The way in which to accomplish incorporation in the Cayman Islands is by first paying incorporation fees and then filing a Memorandum of Association with the Cayman Registrar of Companies.

The Memorandum of Association must contain the following.

*The name of the company
*The address of the registered office for the company
*The function and objectives of the company
*The state share capital of the company
*An explanation of the liability of shareholders and members of the company

Once the Memorandum of Association is accepted, the Registrar of Companies will give the company a Certificate of Incorporation.