As a well-regulated, international financial centre with a world-class infrastructure and political stability, the Cayman Islands has the ideal environment in which businesses can flourish. As a result, the business sector in Cayman is booming. Cayman’s tight regulatory framework was further enhanced during 2020 to ensure that the Cayman Islands remains aligned with international standards and expectations. In July 2019 the Organisation for Economic Co-operation and Development (OECD) deemed Cayman’s tax regime as “not harmful” to other countries. With a well-developed common law system based on English law, and with a proliferation of world-class corporate service companies, predictably many companies have chosen to incorporate in Cayman.
Cayman's commitment to excellence and modern legislation are a few key elements of its performance, particularly in capital markets and investments. Alongside this, Cayman is strengthened by its close connection to the United Kingdom. Cayman has also maintained its edge as being the leading jurisdiction for international hedge funds, as around 85% of the world's hedge funds are currently located here. Cayman is the number one domicile for healthcare
and group captives, and continues to excel globally in banking, capital markets, trusts and fiduciary services.
If you wish to incorporate or register a Cayman Islands entity that will conduct business outside of the Cayman Islands, you are required to engage a local licensed service provider to incorporate your company. Below we list details about setting up a business and we direct you to law firms and corporate service companies who can help you. We also talk about Cayman Enterprise City where knowledge-based and technology-focused businesses can set up a physical presence in the Cayman Islands. We then discuss other business services which are available in Cayman to support businesses.