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Home > Jurisdictions > Offshore Jurisdictions > Cayman

  • Full Name:  Cayman Islands
  • Geographical Area: Caribbean, three-island group (Grand Cayman, Cayman Brac, Little Cayman) in Caribbean Sea, 240 km south of Cuba and 268 km northwest of Jamaica
  • Terrain and Climate:  tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April)  low-lying limestone base surrounded by coral reefs
  • Population: 47,862
  • Ethnicity:  mixed 40%, white 20%, black 20%, expatriates of various ethnic groups 20%
  • Capital: George Town (on Grand Cayman)
  • Government:  British Crown Colony
  • Major Languages: English 95%, Spanish 3.2%, other 1.8% (1999 census)
  • Major Religion:  Church of God 26%, United Church 11.8% (Presbyterian and Congregational), Roman Catholic 11%, Baptist 8.7%, Seventh Day Adventist 8.2%, Anglican 5.7%, Pentecostal 5.3%,
  • Life Expectancy: 80.23 years
  • Monetary Unit: Caymanian dollar (KYD)
  • Exchange Controls and Taxation:  None
  • Stamp Tax:  One time tax on real estate transfer and
  • Main Exports: turtle products, manufactured consumer
  • Compulsory Education:  12 Years
  • GDP: $43,800 (2004 est.)
  • Annual Growth Rate: 2.5%
  • Major Industry:  tourism, banking, insurance and finance  - 70,000 companies were incorporated on the Cayman Islands including 430 banks and trust companies, 720 captive insurance firms and more than 7,000 funds.
  • Communication:  reasonably good system
    domestic: liberalization of telecom market in 2003; introduction of competition in the mobile-cellular market in 2004
    Internet .ky
  • International dialing code:  1 + 345
  • Known as “tax-haven” for qualified residents
  • Number of Banks:  Around 500
  • Head of State:  chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor
  • Radio:  AM 1, FM 4, shortwave 0 (2004)
  • Television:  4 with cable system (2004)
  • Time Zone: EST; GMT -5
  • Airport:  2 airports with paved runways
  • Bank List - Partial

·         Ansbacher (Cayman) Limited - Banking & Trust

·         Banco Comercial Portugues, S.A.- Banking & Trust

·         Bank and Trust Company of Caymen Limited, Banking & Trust

·         Bank Austria Cayman Islands Ltd.- Banking & Trust

·         Bank of America, National Association - Banking & Trust

·         Butterfield Bank (Cayman) Limited - Banking & Trust

·         Caledonian Bank & Trust Limited - Banking & Trust

·         Cayman National Bank Ltd. - Banking & Trust

·         Coutts (Cayman) Limited - Banking & Trust

·         Deutsche Bank (Cayman) Limited - Banking & Trust

·         Dresdner Bank Lateinamerika Aktiengesellschaft - Banking & Trust

·         Fidelity Bank (Cayman) Limited - Banking

·         First Caribbean International Bank (Cayman) Limited - Banking

·         First Caribbean International Finance Corporation - Banking & Trust

·         Fortis Bank (Cayman) Limited - Banking & Trust

·         HSBC Financial Services (Cayman) Limited - Banking & Trust

·         Merrill Lynch Bank and Trust Company (Cayman) Limited - Banking & Trust

·         Morval Bank & Trust Cayman Limited - Banking & Trust

·         Royal Bank of Canada - Banking

·         Royal Bank of Canada Trust Company (Cayman) Limited - Banking & Trust

·         Scotiabank & Trust (Cayman) Ltd - Banking & Trust

·         UBS Fund Services (Cayman) Ltd - Banking & Trust.

 

Cayman

  • Full Name:  Cayman Islands
  • Geographical Area: Caribbean, three-island group (Grand Cayman, Cayman Brac, Little Cayman) in Caribbean Sea, 240 km south of Cuba and 268 km northwest of Jamaica
  • Terrain and Climate:  tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April)  low-lying limestone base surrounded by coral reefs
  • Population: 47,862
  • Ethnicity:  mixed 40%, white 20%, black 20%, expatriates of various ethnic groups 20%
  • Capital: George Town (on Grand Cayman)
  • Government:  British Crown Colony
  • Major Languages: English 95%, Spanish 3.2%, other 1.8% (1999 census)
  • Major Religion:  Church of God 26%, United Church 11.8% (Presbyterian and Congregational), Roman Catholic 11%, Baptist 8.7%, Seventh Day Adventist 8.2%, Anglican 5.7%, Pentecostal 5.3%,
  • Life Expectancy: 80.23 years
  • Monetary Unit: Caymanian dollar (KYD)
  • Exchange Controls and Taxation:  None
  • Stamp Tax:  One time tax on real estate transfer and
  • Main Exports: turtle products, manufactured consumer
  • Compulsory Education:  12 Years
  • GDP: $43,800 (2004 est.)
  • Annual Growth Rate: 2.5%
  • Major Industry:  tourism, banking, insurance and finance  - 70,000 companies were incorporated on the Cayman Islands including 430 banks and trust companies, 720 captive insurance firms and more than 7,000 funds.
  • Communication:  reasonably good system
    domestic: liberalization of telecom market in 2003; introduction of competition in the mobile-cellular market in 2004
    Internet .ky
  • International dialing code:  1 + 345
  • Known as “tax-haven” for qualified residents
  • Number of Banks:  Around 500
  • Head of State:  chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor
  • Radio:  AM 1, FM 4, shortwave 0 (2004)
  • Television:  4 with cable system (2004)
  • Time Zone: EST; GMT -5
  • Airport:  2 airports with paved runways
  • Bank List - Partial

·         Ansbacher (Cayman) Limited - Banking & Trust

·         Banco Comercial Portugues, S.A.- Banking & Trust

·         Bank and Trust Company of Caymen Limited, Banking & Trust

·         Bank Austria Cayman Islands Ltd.- Banking & Trust

·         Bank of America, National Association - Banking & Trust

·         Butterfield Bank (Cayman) Limited - Banking & Trust

·         Caledonian Bank & Trust Limited - Banking & Trust

·         Cayman National Bank Ltd. - Banking & Trust

·         Coutts (Cayman) Limited - Banking & Trust

·         Deutsche Bank (Cayman) Limited - Banking & Trust

·         Dresdner Bank Lateinamerika Aktiengesellschaft - Banking & Trust

·         Fidelity Bank (Cayman) Limited - Banking

·         First Caribbean International Bank (Cayman) Limited - Banking

·         First Caribbean International Finance Corporation - Banking & Trust

·         Fortis Bank (Cayman) Limited - Banking & Trust

·         HSBC Financial Services (Cayman) Limited - Banking & Trust

·         Merrill Lynch Bank and Trust Company (Cayman) Limited - Banking & Trust

·         Morval Bank & Trust Cayman Limited - Banking & Trust

·         Royal Bank of Canada - Banking

·         Royal Bank of Canada Trust Company (Cayman) Limited - Banking & Trust

·         Scotiabank & Trust (Cayman) Ltd - Banking & Trust

·         UBS Fund Services (Cayman) Ltd - Banking & Trust.

 

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