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The Cayman Islands' tax-free status has attracted numerous banks and other companies to its shores. More than 92,000 companies were registered in the Cayman Islands as of 2014, [13] including almost 600 banks and trust companies, with banking assets exceeding $500 billion.
The Cayman Islands Stock Exchange (CSX) is a stock exchange based in Grand Cayman, Cayman Islands. It started operations in July 1997 and is fully owned by the Cayman Islands government. The CSX was recognised by the London Stock Exchange as an approved organisation in July 1999. [1]
The Cayman Islands Department of Commerce & Investment, formerly known as the Cayman Islands Investment Bureau (until 2010), is a government agency that was established to promote investment in the Cayman Islands. The department offers several free services to foreign investors seeking to establish a business in the Cayman Islands.
Cayman Enterprise City is a development project which consists of three special economic zones focused on attracting knowledge-based and specialized-services businesses to set up a physical presence in the Cayman Islands. It is a government initiative [1] that has
In order to work in the Cayman Islands, foreigners must have a job offer before immigrating. The Cayman Islands population is expected to reach 100,000 people before 2030, as the population has rapidly grown since the end of COVID-19 restrictions. [4]
The first monthly publication on the islands was The Gospel of the Kingdom, a religious themed newspaper founded in 1945. In 1964, the newspaper Tradewinds began publication. This was joined by the rival Caymanian Weekly in 1965. This was followed by a second weekly publication, the Cayman Compass, which started in 1972.
The foreign relations of the Cayman Islands are largely managed from the United Kingdom, as the islands remains one of 14 overseas territories under British jurisdiction and sovereignty. However, the Government of the Cayman Islands have autonomy and often resolves important issues with foreign governments alone, without intervention from Britain.
For U.S. and other foreign investors and businesses, the Cayman Islands' main appeal as a financial centre is the absence of all major direct taxes, free capital movement, minimal government regulations, and a well-developed financial infrastructure.
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