Many international corporations, companies and private investors have taken advantage of the opportunities offered by Grand Cayman s political stability in developing their businesses. Grand Cayman is one of the most respected offshore financial centers . No restrictions are imposed on customers who wish to carry out financial operations using income, profit, inheritances, dividends and transfers of funds. The Cayman Island government grants facilities for the creation and development of corporations with a wide variety of aims such as trusts, investment companies, etc., which can either be represented by established banks or operated independently.
Customers can also operate with banks that are represented in Grand Cayman.
As a result they enjoy the protection of confidentiality offered by the bank secrecy laws of the islands government. All Bank and Trusts corporation pursuing operations in the islands must obtain a licence under the Law of Banks and Trust Companies. The operation is carried out under vigilance of the inspector of Banks who is named by the Bank of England through the International Monetary Fund.