Cayman’s status as an international finance center came about as a result of the foresight of some early legal practitioners and a receptive government who, in the mid-1960s, together drafted and enacted legislation to build on this modest beginning and take advantage of the absence of any form of direct taxation on individuals and corporations based on income or wealth.
To this day there are no income, inheritance, sales, corporation, capital gains, property, or withholding taxes in the Cayman Islands.
The Cayman Islands is ranked in the world’s top 5 international banking centers in terms of both total liabilities and total assets held in financial institutions.
Cayman continues to attract service providers of the highest caliber such as lawyers, accountants, and administrators, making the jurisdiction attractive to foreign investors. The wealth of international expertise available in Cayman is one of the key factors making it the jurisdiction of choice. Clients have access to a wide array of services including banking, trusts, funds, Company management, structured finance, luxury ocean vessel and aircraft registration, insurance, and stock exchange listings.