The Cayman Islands are a major financial center offering are fast becoming the world’s leading offshore digital jurisdiction. They meet the highest anti-money laundering compliance requirements. The regulation of the financial services industry is undertaken by the Cayman Islands Monetary Authority (CIMA) which has a stricter regime than many other offshore jurisdictions.
- Cayman Islands are a stable British Overseas Territory
- There is a pro-business regulatory environment.
- British Law and IP protection laws apply.
- It’s the world’s leader hedge fund jurisdiction.
- OECD white listed.
- There are no annual reporting, accounting or auditing requirements for an Offshore Cayman Islands Company.
- Only one shareholder and one director is required. These can be the same person or a corporate body and do not need to include a local.
- There is a complete lack of direct taxation; no corporation, property, capital gains or withholding taxes. This legislation is backed by a 20-year government guarantee (rising to 30 years on application) enabling long term business planning.
- No minimum capital requirement for a Cayman Island Company formation.
- Corporate bank accounts.
