Home >

Cayman Islands

Offshore finance

Economy, tax incentives & labor conditions

281 banks are licenced in the Cayman islands.
(Tax-News.com , 08/02/2008 , CIMA Chief Urges Finance Sector To Up Its Game )

The Bank of International Settlements ranked the Cayman Islands as the fifth largest banking centre in the world in terms of liabilities, and sixth in terms of total assets.
(Tax-News.com , 08/02/2008 , CIMA Chief Urges Finance Sector To Up Its Game )

The Cayman Islands are the second-largest offshore captive insurance domicile, with 765 captives licensed as at 31st December 2007.
(Tax-News.com , 08/02/2008 , CIMA Chief Urges Finance Sector To Up Its Game )

As at 31st December 2007, there were 8,751 funds registered in the Cayman Islands, with an additional 119 licenced funds and 543 administered funds for a total of about 9,400 funds.
(Tax-News.com , 08/02/2008 , CIMA Chief Urges Finance Sector To Up Its Game )

For private individuals, exemption of income tax, dividends perceived, appreciations, donations or the successions
(Livre , 01/02/2006 , Le guide Chambost des paradis fiscaux )

Offshore companies, such as trading companies, investment companies, shipping companies and captive insurance companies, are tax exempt for 30 years after incorporation. Owners of the exempt companies are not disclosed and bearer shares are admitted. The company does not have ot keep accountancy books.
(Livre , 01/02/2006 , Le guide Chambost des paradis fiscaux )

The bank secrecy is protected by law and banks offer numbered accounts.
(Livre , 01/02/2006 , Le guide Chambost des paradis fiscaux )

More than 800 billion $US are in the Cayman Islands, 120 billion $US are transferred there every year. The corporation tax rate is 5,2%.
(Chicago Tribune , Etats-Unis , 20/07/2001 )

The Cayman Islands are the fifth-largest financial market in the world. The 584 banks and 2200 hedge funds and pension funds registered there manage respectively 500 and 200 billion $US. 40000 shell companies are registered there. The Cayman Islands have 7% of the world's offshore fund market, i.e. 800 funds.
(AGEFI , France , 16/06/1998 )

Main violations of the human rights and dirty money laundering
(year and company name)