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Diversified Companies and Asset Management in the Cayman Islands |
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Companies incorporated and/or established in the Cayman Islands have diverse interests in that they are holdings companies with investment assets around the globe. They double as third-party agents for companies importing commodities to the island as well as sales agents for other companies abroad for their own specific business agenda or for another party’s. While other companies are incorporated in the Cayman Islands for particular reasons, the majority are incorporated to fully utilize the island’s regulations on foreign investors, taxation system and the absence of exchange control. The island’s modern infrastructure and excellent finance services also contribute a great deal to why the island is among the top choices when looking to invest offshore. Moreover, incorporated companies in the island are given much the same power as that of a resident’s. They are allowed to undertake diverse business ventures; and limitless goals and objectives.
When one desires to protect his assets, offshore investment and banking are looked upon as the best and most profitable choice. The Cayman Islands offer what is probably the best asset management compared to other offshore finance services locations mainly because tax exemption covers practically all areas, from income, capital gains, gifts and estate. They also give, as a regulation, a 20-year tax exemption for newly incorporated companies so in the event that a forced/direct tax is levied, the company/foundation/trust will not be affected in any way. Asset management in the island is likewise favored by most foreign investors because they are inclined to increase their profits and earnings because of the absence of stern taxation regulations in other countries, specifically their own.
The Cayman Islands is often considered by offshore financial institutions to be the fifth best finance trade hubs in the world following Hong Kong. As in any dealing, there will always be pros and cons. But with Cayman Island’s finance services, the pros far outweigh the cons.
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