30-Apr-2015

Benefits of Cayman for Canadian Captives

WHAT DO YOU NEED TO INSURE FOR?
TERRORISM THREATS? ENVIRONMENTAL POLLUTION? WARRANTY RISK? PREMIUM HEALTHCARE?
The Cayman Islands has, over the past four decades, established itself as a respected international financial centre, based on a platform of English Common Law, transparency, and strong infrastructure.

Benefits of Cayman for Canadian Captives

  • Familiar corporate structures
  • Politically stable
  • Respect for Rule of Law, due process, superior corporate law and a highly efficient court system, with final court of appeal the Privy Council in London
  • Tax neutral with no capital gains, property, income or estate taxes
  • Business friendly environment – Cayman promotes legal and commercial certainty
  • Aa3 sovereign debt rating by Moody’s
  • Global client base of international companies, financial institutions and Governments
  • Cayman has worked with the IMF, OECD, FATF and others to create a stable, well-regulated financial system
  • Strong proponent of risk-based, appropriate, non-intrusive, sensible regulation that is proportionate to the identified risks, regulatory impact and benefit/cost analysis
  • Cayman views appropriate regulation and international co-operation as the key drivers of commercial success, not an impediment to it
  • Cayman takes tough stance against tax evasion, corruption and money-laundering
  • The Cayman Islands Monetary Authority is a member of Offshore Group of Insurance Supervisors (OGIS)
  • Cayman has an established Tax Information Authority which coordinates requirements of the tax cooperation arrangements
  • Cayman has 35 signed bilateral tax information exchange agreements
  • Cayman is on the OECD White List of compliant jurisdictions
Find out why Cayman is perfect for your Canadian captive at www.caymancaptive.ky, or follow us on Twitter at @caymancaptive.

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Tue-Dec-12-2017
Captive Insurance generates $100m for Cayman's economy

Cayman’s captive insurance industry has generated a total of US $100 million for the island’s economy in 2016, with results from an economic impact survey having been recently released by the Insurance Managers Association of Cayman (IMAC). “Over the summer...

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