Yes, it is possible for a Cayman Island company. Please note that there are additional charges.

1 director and 1 shareholder is required. It can be the same person.

There is no minimum level of authorised or issued share capital.

An exempted company that does not have a permit to conduct business in the Cayman Islands is required to submit an annual return to the Registrar in January of each year, together with the required annual filing fee. However, there is no requirement for corporations to submit financial records when filing annual returns.