Most money laundering that occurs in the Cayman Islands primarily relates to fraud and drug trafficking. Due to its status as a zero-tax regime, the Cayman Islands is also attractive to those seeking to evade taxes in their home jurisdictions.

How long can you work in Cayman Islands?

nine years
Categories of Work Permit The maximum period that a person may remain in the Cayman Islands on a work permit is nine years. For information on the requirements for applying for a Temporary Work Permit and to download an application form, click here.

How long does it take to become a Cayman Islands citizen?

Therefore, if you’re willing to establish permanent residency and live in the Cayman Islands for five years, then you can become eligible to apply for citizenship by naturalization.

How long can a US citizen stay in the Cayman Islands?

six months
Visitors are permitted to stay for up to a total of six months. You will be required to show your return or ongoing ticket upon arrival in the Cayman Islands.

How do I become a permanent resident of the Cayman Islands?

Who is eligible to apply for permanent residence? Any person who has been legally and ordinarily resident in the Cayman Islands for a period of at least eight years, other than: the holder of a Residency Certificate for Persons of Independent Means; or. the holder of a Residency Certificate for Retirees; or.

How does the Cayman Islands help your business?

Cayman financial experts help their clients integrate their offshore bank accounts with the tax laws of their home countries. There is no tax code anywhere in the world that does not have loopholes. These ambiguities are what allow multinational corporations and wealthy individuals to maintain billions of dollars in assets in offshore accounts.

Why does the Cayman Islands have a trust?

The Cayman Islands trust derives its strong asset protection features from the country’s formidable trust legislation. The Cayman Islands is part of a global effort to bring transparency to the offshore financial sector. The offshore financial services industry has a rightful role to play in international finance.

Who is a director of a Cayman Islands exempted company?

For more information on directors, please see our Briefing Note entitled Acting as a director of a Cayman Islands company. There is no Cayman Islands law requirement for an exempted company to appoint a company secretary or any other officers of the company, though it may do so.

Is the Cayman Islands an offshore banking destination?

Often registering on maps as no more than mere specks of three islands on the Caribbean Sea, Cayman is clearly a behemoth in the offshore financial services sector. This can be attributed to several factors. A strong banking tradition is one.