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Playing a vital role in the Cayman Islands economy, financial services generated CI$1.74 billion of the GDP in 2017 (44.1% of the total economy) and accounted for 16.8% of all employment. The following sectors make up our financial services sector.

The Cayman Islands is one of the world’s leading providers of institutionally focused, specialised financial services and a preferred destination for the structuring and domiciling of sophisticated financial services products. The success of the financial services industry is attributed to our sound regulatory regime and political and economic stability, supported by highly skilled and experienced service providers. Additionally, we are vigilant in ensuring adherence to recognised and relevant international standards and committed to supporting global efforts to fight financial crime.

Investment Funds

The Cayman Islands has been and continues to be the epicentre of alternative investment funds, including hedge funds, private equity funds, real estate and pension funds. In line with the jurisdiction’s long history of being a leader in the early adoption of international regulatory initiatives, in 1993 we were the first Caribbean jurisdiction to implement hedge fund legislation.

Insurance

The Cayman Islands is the second largest captive domicile in the world with approximately 650 captives, and the leading jurisdiction for healthcare captives. The international segment of the Cayman Islands insurance industry generated more than US$15.4 billion in premiums and held over US$68.7 billion in total assets in 2017.

Trusts

The Cayman Islands remains a top international location for the provision of trust services, due in part to our secure legal framework for trusts based on English common law as well as a sophisticated regulatory regime by the Cayman Islands Monetary Authority.

Banking

With branches of 40 of the world’s 50 largest banks, Cayman currently ranks in the top 20 internationally in terms of value of liabilities and assets booked. Branches and subsidiaries are regulated by the Cayman Islands Monetary Authority on the basis of consolidated supervision in connection with the bank’s home regulator.

Structured Finance

The Cayman Islands offers top-class law firms which specialise in capital markets and structured finance transactions for a global client base of institutional clients, and is a leading international provider of such services. Cayman Islands special purpose vehicles (SPVs) also benefit from easy access to the listing facility of the Cayman Islands Stock Exchange (CSX). The listing rules for the CSX were the first of any exchange to be specifically tailored to facilitate the listing of securities of funds and SPVs.

Corporate Services 

The Cayman Islands offers a full range of corporate services, including providing registered office, company incorporation, maintenance of company records, company secretarial and directorship services. All company management and corporate services businesses are regulated by the Cayman Islands Monetary Authority, whose oversight includes licensing, ongoing supervision and enforcement.

Cayman Islands Offshore Company formation

The Cayman Islands are one of the world’s most famous tax havens and are a Hollywood favourite (this is where the Tom Cruise movie The Firm was filmed). Located in the Caribbean they are an English-speaking dependent territory of the United Kingdom and a popular jurisdiction for an offshore company formation.

Cayman Islands Companies and their Tax liability

The Cayman Islands offer the traditional benefits of a tax haven since they currently have no Income tax or corporation tax; no capital gains tax; no inheritance tax or other estate taxes. A Cayman Islands company can trade anywhere in the world except within the Cayman Islands.

Cayman Islands Offshore Company Banking

The Cayman Islands is one of the world’s top tax havens and has the largest offshore banking centre in the world with over 600 banks. The Cayman Islands are also home to some big trust companies. Offshore Formations 247 can incorporate Cayman Islands companies with a choice of offshore bank accounts at the time of formation. Combining the two saves time and couldn’t be simpler.

Cayman Islands Offshore Company Formation / Registration in 1 – 2 days!

Company formation can take as little as 1 to 2 days. 

The Cayman Islands provide for exempt companies, trusts and exempt limited partnerships which offer a 50-year Certificate of Tax Exemption against any future Caymans taxation. This is particularly popular as it provides an element of security to any would-be investor. Cayman Islands companies are regularly used by US businesses looking to trade in China for both tax planning purposes and providing a suitable exit strategy (Cayman Islands companies are approved to be listed on the Hong Kong Stock Exchange).

Cayman Islands Offshore Company Anonymity and Disclosure.

Cayman Islands companies are traditionally well known for their confidentiality. Shareholder and Director registers are not available for public inspection. There is no requirement to file annual accounts, and therefore these are not publicly accessible. Nominee directors and shareholders are often used.

Cayman Islands Offshore Company Shares

Shares are permitted with or without par value, bearer shares, preference shares, voting or non voting shares and in any currency.

Cayman Islands Offshore Company Formation

• A minimum of one Shareholder and one Director is required. They may be of any nationality and need not be resident in Cayman Islands
• Shareholder and Director registers are not available for public inspection
• Total exemption from all forms of local taxation including stamp duty
• Company can be formed and registered within one to two working days providing due dili­gence is in order
• Foreign companies from approved jurisdictions may apply to be registered by way of continuation as a Cayman Exempted Company
• Sophisticated legal, accounting and banking services
• Excellent political stability
• PLEASE NOTE – A Cayman Islands company is due for renewal (2nd Year fees) on the 1st January of each year, independent of when the company was incorporated