";s:4:"text";s:2598:"The British Territory has 100,000 companies registered under its jurisdiction with about 20,000 companies having offices in …
Import duty, which averages 22 percent, is waived on personal effects taken into the Cayman Islands subject to the provision that the personal effects must be in the Cayman Islands within 6 months of an individual taking up residence in the Cayman Islands. The country's economy runs off of the Cayman Dollar (KYD) which is pegged to the US dollar at KYD 1 = USD 1.227. The Cayman Islands have the 14th highest GDP per capita in the world with an average income of US 43,000. Find out why the Cayman Islands is considered a tax haven and why this location is so popular among those looking to reduce their tax liability. Cayman Islands profile; UK frustrated in money laundering battle; UK told to 'hold fire' on April tech tax ; The Cayman Islands is the first UK territory to be added to the EU blacklist. Almost all the 20,000 are listed at … The Cayman Islands is a well-known tax haven where you can establish residency without much hassle, and as a British Overseas Territory, it offers high-quality legal services, health care, and education. The building in tax haven that 20,000 firms call home: Cayman Islands has more companies registered there than inhabitants. Many tax havens such as the Cayman Islands and Bermuda are also British crown dependencies, giving the UK Government itself considerable leverage if it chose to exert it.
List of Unco-operative Tax Havens In a report issued in 2000, the OECD identified a number of jurisdictions as tax havens according to criteria it had established.
Between 2000 and April 2002, 31 jurisdictions made formal commitments to implement the OECD’s standards of transparency and exchange of information . Although the country has no form of taxes there are forms of indirect taxes, which the government earns revenue from such as import duty.
The primary owners can purchase real property anywhere in the world, or maritime and aviation vessels and register them to the Cayman Islands offshore company. Of course, the income generated by the offshore company in the Cayman Islands tax haven need not ever leave the safety of the Cayman Islands tax free zone. More about: The Cayman Islands are one of the few countries in the world to not have a corporate tax policy, and this makes it so appealing to international companies.