CAYMAN ISLANDS

By Frances Emery. As the number of China's high net worth individuals grows each year, more and more are becoming privy to the advantages found in offshore financial centers. Whether it is a way to safeguard their investments, to reduce their tax burden, or to plan for an uncertain future, the world's most stable offshore financial jurisdictions can expect an increasingly large percentage of their clients to come from China in the future. The Cayman Islands is one of them. Although it is one of the world's leading offshore centers today, the Cayman Islands did not have an easy start.Its...

2020

By Adam Skuse Spiraling government debt, borrowing difficulties, growing unemployment and calls to increase tax. While such stories come as no surprise when talking about Greece, Italy and the other ailing economies of the old world, few would expect to find the sandy shores of the Cayman Islands - a name synonymous with wealth - troubled by similar problems. However, the debt of the Cayman Islands government is expected to reach around $600 million by June next year, up nearly 500 percent from a decade ago; while this year will be the third time in four years that it will...

PRIVATE & INTERNATIONAL BANKING OVERVIEW - EXECUTIVE SUMMARY 2014

By Frances Emery. As the number of China's high net worth individuals grows each year, more and more are becoming privy to the advantages found in offshore financial centers. Whether it is a way to safeguard their investments, to reduce their tax burden, or to plan for an uncertain future, the world's most stable offshore financial jurisdictions can expect an increasingly large percentage of their clients to come from China in the future. The Cayman Islands is one of them. Although it is one of the world's leading offshore centers today, the Cayman Islands did not have an easy start.Its...

PRIVATE & INTERNATIONAL BANKING OVERVIEW - EXECUTIVE SUMMARY 2014

Article - Asia Outbound Company Formation and Funds Guide 2018 Introduction Country: Cayman Islands Region:Caribbean Currency:Cayman Islands Dollar (KYD) Languages: English Time Zone: UTC-5 Phone Code: 1-345 Communications: Good Formation Cost:3500-4500 USD$ Formation Time: 2-3 days Maintenance cost:2500-3500 USD$ The Cayman Islands is one of the world’s leading international financial centres and is a politically stable jurisdiction thatoffers companies a tax neutral platform for mutual funds, private equity funds,holding structures, structured finance, insurance companies and listing vehicles. The Cayman Islands is also home to the world’s 50 largest banks and is the second largest offshore jurisdiction for captive insurance. Approximately eight...

FUNDS & FUNDS SERVICES JURISDICTION 2014

1. Industry research suggests that China will soon rank first in the world as a source of clients. Have you experienced an increase in demand for your company incorporation services from this region? The demand for incorporation of Cayman Islands exempted companies from Chinese clients continues to increase yearly. Chinese clients appreciate the flexibility, asset security, ease of operation, maintenance and control afforded by Cayman companies, as well as the highly competitive fees charged. Chinese clients also appreciate that Cayman offers a sophisticated business environment with a full range of services including banks, trust companies, lawyers, accountants, insurance managers, mutual fund managers and...

CORPORATE & FIDUCIARY JURISDICTION 2014