 |
| The currency in The Cayman Islands is The Caymanian Dollar (KYD) which is pegged to the US Dollar at a fixed rate of 1 KYD to 1.25 USD.As a long term bastion of offshore banking and as a premier global tax haven, the Cayman Islands has an incredibly strong economy with low inflation based on international banking and high end tourism which has played a key role in the virtual elimination of poverty, homelessness, crime and unemployment on the islands. |
|
|
Thanks to this political, social and economic stability and their tax neutral jurisdiction; The Cayman Islands has its own Stock Exchange (The CSX) which is recognised as a leader in the offshore market. |
|
|
In terms of taxation, there are few places left in the World which are able to offer such a generous array of financial advantages and incentives as the Cayman Islands. There is no direct taxation in the Caymans meaning – amongst other advantages – that there is no income tax, no capital gains tax, no gift tax, no property tax, no corporation tax, no rates and no inheritance tax. |
|
“I would encourage the media to take note of the positive performance indicators” |
|
The Honourable Kurt Tibbetts,
Cayman Islands Leader of Government Business, October 2008 |
|
|
v
|
 |
|
|
|
