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Good Things to Know About Incorporating a Business in the Cayman Islands

There is no income tax in the Cayman Islands, no company or corporation tax, and no capital gains, inheritance, or gift tax, making it extremely business-friendly.

Incorporating a Business in the Cayman Islands

The benefits of Cayman Islands corporate registryhave attracted many thousands of international companies to the tiny Caribbean island territory. Its developed and stable economy, tax-neutral status, minimal government reporting requirements, proximity to the US mainland, and a legal system based on English Common Law have turned this former British colony into a financial power house with the region’s highest per capita income.

The regulatory system in the Cayman Islands provides offshore investors with zero restrictions on trade across international borders while simultaneously offering the benefit of minimal exposure to taxes and reporting. An Exempted Company that is 100% foreign-owned and with no exposure to tax liabilities in the territory can be set up within a week under the ​Cayman Islands business registry​ system and with very little paperwork.

As with any investment proposition, you are getting independent advice from a reputable professional service — both in your country of residence and the Cayman Islands— before committing to any decision is essential. With diligent research and a clear understanding of tax obligations at home, there are many high-quality Corporate Services in Cayman Islands that are available to assist in making a success of your offshore venture.​