 The Cayman Islands, situated 480 miles south east of Miami, enjoy a semi tropical climate and contain a population of approximately 50,000 people.
The Islands are a British overseas territory. Her Majesty the Queen is represented by a Governor who is Chairman of both the Legislative Assembly and the Cabinet.
There are no taxes whatsoever on income or profits, capital or wealth or capital gains. The revenues of the Islands are derived from indirect taxes such as licence fees, import duties and stamp duty.One of the most important features is that there never have been any taxes on income or capital. The absence of direct tax is not, as it is some territories, an artificial absence created by legislation, but a natural one. 
Companies incorporated in the Cayman Islands enjoy the same tax neutral status as individuals regardless of nationality of ownership. This absence of taxes, together with political stability and a proportionate regulatory regime makes the Cayman Islands an ideal business environment.
The Cayman Islands is the fifth largest financial centre in the world based on the value of deposits with the banks and financial institutions registered here. The Cayman Islands currently has registered approximately 60,000 corporations, 425 banks, 230 trust companies, almost 5,000 mutual funds, 220 mutual fund administrators, 700 insurance licensees and 40 company managers.
Advantages of Cayman Islands over other offshore jurisdictions
- Highly skilled and internationally respected work force
- Efficient and experienced court system with the UK Privy Council as the ultimate appellate court
- A regulatory framework that is fully compliant with international financial, banking and prudential standards
- Access via latest technology to all major financial centres and capital markets
- Easily accessible from North and South America and Europe
- Political stability and status as a British Overseas Territory
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