Why Cayman for Canadian Clients?
The Cayman Islands is one of the world’s largest captive domiciles and a global leader in healthcare captives, group captives, catastrophe bonds, and international reinsurance. It is also home to a growing number of Canadian clients who trust Cayman for its expertise, stability, and innovative solutions.
Business-Friendly Environment and First Rate Infrastructure:
Cayman pairs a highly developed professional services industry – featuring skilled lawyers, auditors, actuaries, and investment experts, along with many of the world’s leading accounting and advisory firms – with first-rate infrastructure. Modern office facilities, hospitals, schools, transport, hospitality, and digital services all support Cayman’s position as a premier global business hub.
Robust Regulation:
Captive insurance requires intelligent, forward-thinking guidance. Cayman takes a risk-based approach to regulation, grounded in international cooperation, as the foundation of commercial success. Since 2011, a Tax Information Exchange Agreement (TIEA) between Cayman and Canada has ensured transparency and placed Cayman on an equal footing with other TIEA and designated treaty (DTC)
jurisdictions, providing Canadian clients with confidence and clarity.
Stable Legal and Political Framework:
The Cayman Islands offers a reliable legal system rooted in British law, supported by a respected and independent judiciary. Coupled with a stable political and economic climate, and independent, non-political regulators, Cayman provides a secure and favorable environment for international business and investment.
Solid Reputation:
With more than 50 years of stability, Cayman has earned a trusted reputation as a global financial hub. It is a leading domicile for captive insurance, the world’s largest fund jurisdiction, a pioneer in digital assets and structured finance, and home to over 100 banks and trust companies.
Diverse and Dynamic Community:
Cayman is home to a vibrant society that includes those born in Cayman as well as people from over 100 countries who have chosen to make the Islands their home. This diversity, combined with an exceptional
standard of living and strong work–life balance, attracts and retains highly skilled financial services professionals.
Global Connections:
Cayman offers year-round direct service to Toronto, with seasonal routes to Ottawa and Vancouver. Combined with regular flights to major hubs including New York, London, Miami, Atlanta, Charlotte, Denver, Los Angeles, Dallas, and Panama, Cayman provides seamless access to Canada and the wider world.
Tax Neutrality:
Cayman imposes no tax on captive profits and, as a tax-neutral jurisdiction, levies no taxes on income, capital gains, or dividends. For Canadian parents, certain active and deemed active business income
may qualify as exempt earnings and surplus. Cayman captives can also apply for a 20-year tax exemption certificate at licensing, ensuring certainty even if taxes were introduced.
For information about the Cayman Captive Forum:
For information about IMAC, visit: