To open a Private Bank Account in the Cayman Islands, click here...
Cayman Islands |
The Cayman Islands
consist of a group of three islands located in the Caribbean between
Cuba and Central America. They are one of the largest offshore banking
centres in the world with over 600 banks. The Islands are politically
stable and have an established commercial infrastructure. There are
no exchange controls enabling funds to be moved freely into and out
of the Cayman Islands.
Exempt Company
The Exempt Company
can obtain a guarantee of tax-free status for a period of twenty years.
There is no requirement for accounts to be filed or audited and there
are minimal reporting requirements for this corporate vehicle. Bearer
Shares may be issued but these shares must be held by a Custodian approved
by the Cayman Islands Monetary Authroity. Registered shares can be
in the name of an individual or a body corporate. By virtue of the
Confidential Relationship (Preservation) Law it is a criminal offence
to disclose confidential information or to wilfully obtain or attempt
to obtain confidential information in relation to all types of Cayman
Companies.
