The Cayman Islands, situated 480 miles south east of Miami, enjoy a semi tropical climate and contain a population of approximately 50,000 people. The Islands are a British overseas territory. Her Majesty the Queen is represented by a Governor who is Chairman of both the Legislative Assembly and the Cabinet.
There are no taxes whatsoever on income or profits, capital or wealth or capital gains. The revenues of the Islands are derived from indirect taxes such as licence fees, import duties and stamp duty. One of the most important features is that there never have been any taxes on income or capital. The absence of direct tax is not, as it is some territories, an artificial absence created by legislation, but a natural one.
Companies incorporated in the Cayman Islands enjoy the same tax neutral status as individuals regardless of nationality of ownership. This absence of taxes, together with political stability and a proportionate regulatory regime makes the Cayman Islands an ideal business environment.
Useful local links:
www.gov.ky
www.caymanfinance.gov.ky
www.caymannewresident.com
www.caymanobserver.com
www.caymanjournal.com
The Cayman Islands Judicial & Legal Information Website