Key Business

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BUSINESS ENVIRONMENT

The Cayman Islands has established itself as one of the world’s leading international financial centres. The country benefits from a highly-skilled and productive workforce, sophisticated international telecommunications and a superior infrastructure that facilitates business in Cayman. In addition, there are no capital gains, property or income taxes. A tax-free status is enjoyed by all. The main drivers of the economy are tourism and the financial services.

Tourism

Tourism is the largest employer of labour. Unspoiled beaches, world renowned diving, pleasant weather and friendly people, all contribute to attracting more than one million tourists to the Islands annually. Cruise and stay over tourist arrivals have increased in recent times.

Financial Services

The Cayman Islands is well-developed as an institutional, international financial services centre. The following are among the many services offered:

Funds domiciling and administration
Captive insurance
Structured finance

Real Estate and Other Services

Whether it is land, real-estate acquisition, a business partnership or mutual funds, investing in the Cayman Islands is a profitable venture. Growth in population and tourism fuels the success of investments in the islands. Government policy encourages free enterprise and foreign investment in both land and business.

Business Hours

Most retail businesses are opened from 9:00 a.m. to 5:00 p.m. Monday to Saturday, while general office hours run from 8:30 a.m. to 5:00 p.m. Monday to Friday. Banking hours are from 9:00 a.m. to 4:30 p.m. Monday to Friday, with a select few opening from 9:00 a.m. to 1:00 p.m. on Saturday.

FOR INVESTORS, THE CAYMAN ISLANDS OFFER:

STABILITY AND SECURITY

A stable political environment
Sophisticated infrastructure
A strong economy based on international banking and tourism

INVESTMENT FREEDOM

No restrictions on investment purchases

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