Home  〉  Cayman

Cayman

Basic Conditions of Cayman

The Cayman Islands, a world-famous tax haven and offshore financial center, covers an area of 259 square kilometres. Its annual gross product is about 600 million US dollars, and its per capita gross product is nearly 30,000 US dollars. Besides tourism, the main pillar industry of Cayman is offshore financial business.

Offshore Registry

Some people call the Cayman Islands "Offshore Oasis". The average number of companies registered in one small building on the island is as high as 20,000. Cayman Islands is the gathering place of many well-known international enterprises, such as Coca-Cola, P&G, Intel, Facebook and other well-known enterprises have registered offshore companies in the Cayman Islands; Cayman Group accommodates the registration of well-known Internet enterprises at home and abroad, such as Alibaba, Qihu 360, Baidu, Lenovo, NetQin and Jingdong; Cayman has attracted 25 largest banks in the world to set up branches here. Institutions; The total assets of the island's financial and trust industries exceed $250 billion.

Most Hong Kong-listed companies choose to register offshore companies in Cayman. For example, in the past 20 years, 44 of the 50 largest family-owned enterprises listed in the Mainland have registered in the Cayman Islands. Li Ka-shing once said, "In the past 10 years, more than 75% of Listed Companies in Hong Kong have registered in the Cayman Islands. It is not that they have no confidence in Hong Kong, but that they are convenient to do business.


Tax avoidance paradise" is worthy of its name

In 1978, the Cayman Islands received a Royal Act, which provided for a permanent exemption from the Cayman Islands'tax obligations. Therefore, Cayman did not impose any direct tax on individuals, companies or the trust industry. In addition, the Cayman Islands has a single tax category. For many years, only import tax, industrial and commercial registration tax, stamp tax, tourist tax and so on are the tax havens in the Cayman Islands.

Less and Less Tax Avoidance Space

In 2014, many countries jointly signed the automatic exchange of tax information agreement CRS. As of December 6, 2016, 101 countries and regions have committed to implementing CRS, covering almost all developed economies, including the Cayman Islands and Bermuda Islands, known as "tax havens".

Cayman advantage

The offshore financial centres in the Cayman Islands have obvious advantages, such as free access to foreign exchange, strict confidentiality of financial information, sound and developed financial service system, and the VIE model has increased the number of overseas companies.

Although the Cayman Islands used to be a true tax haven, with the maturity of CRS system, the tax avoidance space of the Cayman Islands will become smaller and smaller; however, the Cayman Islands still have various advantages of offshore financial centres. Therefore, the Cayman Islands is not so much a tax haven as an offshore oasis.



备案号:辽ICP备19006458号 Powered by ID RHINO FINANCIAL BUSINESS SERVICE LTD.
×
在线客服系统