Search results
Results from the WOW.Com Content Network
The Cayman Islands is a leading offshore financial centre (also known as a tax haven), and financial services form a significant part of the economy of the Cayman Islands. Accordingly company law forms a much more prominent part of the law of the Cayman Islands than might otherwise be expected.
The usage of fake names to open these accounts is prohibited in Switzerland, the European Union, the United States, and other off-shore financial centers. [ 8 ] [ 9 ] Many sovereign state governments have outlawed the usage of these accounts as they are commonly associated with a desire by the account holder to either minimize governmental ...
The minimum age for opening a bank account is most commonly 18 years. However, in some countries, the minimum age to open a bank account can be 16 years, and accounts may be opened in the name of minors but operated by their parent or guardian. In general, it is unlawful to open an account in a false name.
The Foreign Account Tax Compliance Act (FATCA) is a 2010 U.S. federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S., or the like, and to report such assets and identities of such persons to the United States Department of ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
A Commonwealth citizen is a citizen of a Commonwealth of Nations member state. Most member countries generally do not treat citizens of other Commonwealth states any differently from foreign nationals, but may grant limited citizenship rights to resident Commonwealth citizens. For example, in 14 member states, resident non-local Commonwealth ...
The British Overseas Territories are Anguilla, Bermuda, the British Antarctic Territory, the British Indian Ocean territory, the British Virgin Islands, the Cayman Islands, the Falkland Islands, Gibraltar, Montserrat, the Pitcairn Islands, Saint Helena, Ascension and Tristan da Cunha, South Georgia and the South Sandwich Islands, the sovereign base areas of Akrotiri and Dhekelia, and the Turks ...
The Caymanian diaspora population is roughly around 4,000, although the true number is not securely documented. [11] Most Caymanians overseas live in the United Kingdom, which would be due to the convenience of being British Overseas Territories citizens; along with many residing in the United States and Canada.