The Cayman Islands is a British Protectorate with a population of approximately 60,000 people, comprised of three islands: Grand Cayman, Cayman Brac and Little Cayman. It is located south of Miami and a 1 hour flight from the Cayman Islands. There are also direct flights to NY, Boston, Houston, and Chicago (seasonally), the Bahamas and the U.K and thus travelling back and forth for business is easy and the Cayman Islands accessible. For more information on the Cayman Islands go to www.cayman.com.ky
The Cayman Islands, together with some of the other offshore finance centers play key roles in international investment and the global economy. One of the main roles of offshore centers is to act as financial conduits, collecting capital and investing it around the world. The Cayman Islands is home to over 60% of the world’s hedge funds and over 200 banks. For more information on the Cayman Islands and finance go to www.cayman.finance
The standard of regulation by the Cayman Islands Monetary Authority has been, and continues to be assessed by the International Monetary Fund, and other international organisations as being in compliance with international prudential regulatory, transparency, cooperation and anti-money laundering and combatting financing of terrorism (AML/CFT) standards. As a result the jurisdictions boasts a robust regulatory regime, one which is respected amongst other peer jurisdictions making the Cayman Islands competitive with other financial centres.
Because of Cayman’s ties to the U.K. this has, and continues to provide political stability and guarantees a stable legal system based on English common law – two fundamental factors that guarantee the trust of international investors. The presence of the big four accounting firms as well as bankers and lawyers from all over the world, this too has also played an important role in developing the Cayman Islands as a key global offshore financial centre of choice.