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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 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.
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.
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]
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
The Ministry of Education, Employment and Gender Affairs is a ministry of the Cayman Islands. It is headquartered on the fifth floor of the Government Administration Building in George Town, Grand Cayman, Cayman Islands. [1] The Cayman Islands Department of Education Services (DES) operates public schools on the island. It is headquartered in a ...
Panama's free-trade zone handles over $19 billion in commerce per year and construction is booming. Corporations are easily created in Panama and, although they are heavily taxed on Panama-domestic operations, they pay no taxes on foreign activities. Company ownership can be readily concealed through the use of anonymous “bearer shares”. As ...
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