About Cayman

The Cayman Islands are a British Overseas Territory located in the western Caribbean Sea. The territory comprises three islands: Grand Cayman, Cayman Brac, and Little Cayman. The Cayman Islands are known for their beautiful beaches, crystal-clear waters, and excellent diving and snorkeling opportunities. The capital city is George Town, located on Grand Cayman. The Cayman Islands are also a major offshore financial center and have a high safe standard of living for both single/couples professionals and families.

Tax Advantages

The Cayman Islands offer several tax benefits that make it an attractive destination for individuals and businesses:

  1. No direct taxes: The Cayman Islands do not levy any direct taxes on income, property, capital gains, corporate profits, or inheritance. This can result in significant tax savings for individuals and businesses based in the Cayman Islands.
  2. Tax neutrality: The jurisdiction is known for its tax-neutral status, meaning that investments and transactions conducted through Cayman entities are not subject to local taxes, allowing for more efficient financial structuring.
  3. Confidentiality: The Cayman Islands have strict confidentiality laws that protect the privacy of individuals and businesses, making it an appealing choice for those seeking to keep their financial affairs private.
  4. Stable legal system: The Cayman Islands have a well-established legal system based on English common law, providing a stable and reliable environment for conducting business and managing assets.
  5. International business hub: The Cayman Islands are a leading offshore financial center, attracting a wide range of international businesses, investment funds, and banking institutions due to its tax advantages and regulatory environment.

Many multinational corporations, investment funds, and high-net-worth individuals establish entities in the Cayman Islands to benefit from the tax savings and the jurisdiction’s robust legal and financial infrastructure. It’s important to note that tax laws and regulations can change, so it’s advisable to seek advice from tax professionals or financial advisors familiar with the Cayman Islands.

We at Ashmore Alexander have over 30 years of trusting relationships with many segments of the professional community within Cayman and are always here to make private introductions on your behalf if indeed your objective is to learn more about living or investing in Cayman.

Contact Us HERE

**Don’t forget to check out our guidelines with how to achieve Residency Rights within the Cayman Islands HERE