The Cayman Islands are known to many business firms and investors; from small to global scale; as one of the jurisdictions in the Carribean Sea that offer many appealing tax incentives, developed and stable economy; and the supports from various firms’ sizes in the business field of trust, laws, insurance management, banking, accounting, administrators, and mutual fund management as they set up their businesses on the Grand Cayman Island. The Big 4 companies also have their presence on the Cayman Islands.
A major financial center and the fifth largest banking sector in the world, the Cayman Islands have a high concentration of top quality service providers. The reason that many businesses flock to the Cayman Islands is due to its stability in the economy and politics; besides the appealing tax incentives that the government offers to the foreign domiciles who want to set up their businesses or invest their assets overseas.
The offered incentives of Cayman that appeal to its audience is including:
In addition, English is widely spoken and used in all documents and legislation on the islands, therefore, the language barrier is minimized so the flow of communication would not be delayed for all the parties to incorporate their businesses in the Cayman Islands.
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