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Why Cayman?

Why Choose the Cayman Islands

Today, Grand Cayman, the largest of the Cayman Islands, is the fifth largest banking centre in the world, behind only New York, London, Tokyo and Hong Kong. There are many financial advantages to doing business in the Cayman Islands. There are no reserve asset requirements and no income, corporation, capital gains, withholding, gift, property or inheritance taxes. The absence of exchange controls allows for the free transfer of funds in and out of the Cayman Islands with equal freedom to open and maintain accounts in any currency.

The Cayman Islands offer easy and economical access to the Eurodollar and other international capital markets and provide a modern and sophisticated supporting infrastructure.

Further, the Confidential Relationships (Preservation) Law of the Cayman Islands makes it a criminal offence for a professional person with confidential information to divulge same without the principal's consent, save in very limited prescribed circumstances.

The Cayman Islands' legal system is modelled on that of the United Kingdom, and all statutes regulating business matters and procedures are based essentially on English law. The final court of appeal is the Privy Council in London

Cayman Islands are accessible as one of the closest Caribbean destinations to the United States.


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Copyright 2008. Truman Bodden