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Taxation in the Cayman Islands ... Scheme I (with deductions) + 12% of basic salary for epf or social security 0% ₹ 0 - 500,000 10% ₹ 500,001 - 750,000
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 (/ ˈ k eɪ m ən /) is a self-governing British Overseas Territory, and the largest by population.The 264-square-kilometre (102-square-mile) territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located south of Cuba and north-east of Honduras, between Jamaica and Mexico's Yucatán Peninsula.
CISPA is a member of the Cayman Islands Financial Services Association (CIFSA), formed in November 2003. [8] In 2005 the Cayman Islands Monetary Authority (CIMA) requested that a working group be formed to review the recommendations of CIMA's Policy and Research Division, which had been examining regulation of the mutual funds industry.
That means that individuals are not obliged to filling obligations on their income tax. However, individuals are subject to a payroll deduction made of up to 8% for employees with additional 2% up to 6% of employer's gross salary paid by employers depending on the category the individuals fall into. There are two categories of employers: "Class ...
The Cayman Islands is a leading financial services centre.. Cayman Islands company law is primarily codified in the Companies Law (2018 Revision) and the Limited Liability Companies Law, 2016, [1] and to a lesser extent in the Securities and Investment Business Law (2015 Revision).
The police force was formed in 1907 and currently (2009) stands at 343 enlisted officers, tasked with tackling Crime in the Cayman Islands. The Royal Cayman Islands Police Service serves all three of the Cayman Islands, namely, Grand Cayman, Cayman Brac and Little Cayman. Demographically, the 2021 census reported the population of the Cayman ...
3 of these top 10 global tax havens, Bermuda, British Virgin Islands and the Cayman Islands are not ranked by the IMF or the World Bank in their GDP-per-capita tables. The remaining top 10 global tax haven, the U.K., is ranked 21 and 26 (respectively); it is possible the U.K.'s transition is not complete (see § U.K. transformation).