Cayman Facts

Cayman Facts

Grand Cayman is the largest and most populated of the Cayman Islands. Districts: North Side, Bodden Town, East End, George Town and West Bay Population: Over 54,000 (Cayman Islands 2010 census)[...]

Buying Property

Buying Property

International property investors have been buying Cayman property for the past few years in ever increasing numbers. Grand Cayman has been the primary focus of property buyers' attention, but there are also opportunities for ownership on Cayman Brac and Little Cayman.[...]

Setting Up a Business

Setting Up a Business

Cayman offers many competitive advantages that make it an attractive place to do business. A stable economic and political climate, absence of exchange controls, modern infrastructure and state of the art communication systems are the basis of this supportive business environment. The government does not impose personal or corporation income taxes and there are no taxes on profits and gains from investments. There are no property taxes or controls on foreign ownership of property either.[...]

Legal

Legal

The Cayman Islands is a British Overseas Territory. Although the local legislature and courts are independent from the United Kingdom, the British Government deals with all international relations on behalf of the Territory. The Cayman Islands does not have a separate vote at the United Nations. Cayman's legal proceedings are based on British Common Law, complemented by local legislation.[...]

Insurance

Insurance

Similar to other countries, there are various types of insurance available in Cayman. These can be categorized into, life and health assurance, and general insurance.[...]

Travel

Travel

Because of it's central geographical location, Cayman boasts easy accessibility to other Caribbean Islands and proves itself to be a busy hub with people holidaying here, international travelers and the ever growing business community who transverse the globe.[...]

Leaving Cayman

Leaving Cayman

With the economic slowdown in 2009, many people have left the Cayman Islands and continue to do so.
As with your arrival in Cayman, the key to a successful departure is planning. If your current permit expires with no other work permit application pending then you will normally be allowed to remain in the Cayman Islands for up to two weeks while you wrap up your affairs. However, your drivers license will still be valid while in date.[...]

Banking & Finance

Banking & Finance

One significant factor in deciding to invest and/or reside in the Cayman Islands is the fact that there is no direct taxation whatsoever. Reputable legal and accounting professionals are readily available to advise you on your offshore investments. Ranked as the fifth largest offshore financial center in the world, the Cayman Islands is also the second largest captive insurance center. The number of banks registered in the Cayman Islands is fast approaching 600 (with 47 of the world's 50 top rated banks) and close to 400 captive insurance companies.[...]

Hotels

Hotels

Grand Cayman offer a wide range of accomodation. The Sister islands (Little Cayman and Cayman Brac) are more geared toward serving the needs of divers. The smaller islands are less expensive than Grand Cayman, but it is important to factor in the added costs of transportation.[...]