What is the corporate tax rate in the Cayman Islands?

The Cayman Islands imposes no corporate income tax on businesses, whether incorporated locally or operating as foreign entities. This tax-neutral environment enables companies to keep all the profits with no deduction at the company level, and for this reason, it remains a very popular site for international businesses. Instead of direct tax, the authorities rely on alternative sources of income, such as annual licensing charges that are relative to the authorized share capital of a firm, typically ranging from USD 700 to USD 2,400 for exempt firms. Firms also pay import duties (around 22% to 27% for most items) and stamp duties (7.5% for property transactions). The Department for International Tax Cooperation ensures that the jurisdiction is compliant with international standards, like the Common Reporting Standard (CRS), that promote transparency through the exchange of financial account information. Such compliance improves the jurisdiction's credibility. The Cayman Islands supports a range of corporate forms, such as limited liability companies and exempted companies, with flexibility for international businesses. (Updated: June 9, 2025)Offshore Company Corp provides customized solutions to enable companies to utilize the Cayman Islands’ tax-neutral environment while ensuring complete regulatory compliance. Consult with their specialist team today to discover how this jurisdiction can help maximize your business plan.

Does the Cayman Islands have income tax?

No. There are no provisions in the Cayman Islands for personal or corporate income tax. Salaries, wages, bonuses, interest, dividends, and investment earnings are exempt from tax on the part of individuals. Likewise, the profits, capital gains, and earnings of companies are exempt from tax wherever the income is earned.

This tax-neutral environment provides an attractive jurisdiction for international companies, investment funds, and high-net-worth individuals to enjoy operational flexibility, asset protection, and a stable legal environment without the imposition of traditional income taxation.

=> Full Information: Overview of Income Tax in the Cayman Islands

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