The Cayman Islands: An Extender of Value to Brazil

This page has been developed by Cayman Finance to share key information about the essential role of the Cayman Islands Financial Services Industry in the global economy, and particularly highlight how the Cayman Islands is well positioned to be an ‘extender of value’ and an important partner to Brazil at a time when Brazil is focused on strengthening its economy and attracting inward investment against a backdrop of evolving global trade relations and other important changes in the local and global economy.

The Cayman Islands is a premier global tax neutral financial hub that efficiently connects law abiding users and providers of investment capital and financing around the world and has a long-standing relationship with Brazil.

At a time when inward investment and global trade supporting a stronger economy are important cornerstones of Brazil’s economic policy, the Cayman Islands is the world’s most utilised global tax neutral financial hub for international investment, providing a proven, trusted, stable, tax-neutral, and well-regulated environment designed to support global investment and trade.

As demonstrated in 2006 and 2009, through the signings of Memorandums of Understanding (MOU) with Brazil’s central bank and securities and exchange commission, respectively, and in 2013 through the signing of a Tax Information Exchange Agreement (TIEA), the Cayman Islands has long been and continues to be  well positioned as a ‘global extender of value’ for Brazil, its businesses, and its citizens – whether it be by providing competitive solutions for global trade, assisting in global/local investment and financing activities or providing infrastructure that is dynamic enough to support Brazil as the country enters a new era of global trade relations.

With this in mind, this document provides the basis for communicating the benefits that the Cayman Islands can provide to Brazil in its role as a global financial services centre. Furthermore, it illustrates how the Cayman Islands is positioned to work in partnership with Brazil to support its economy, its businesses, and its citizens to maximise its potential in an evolving global economy.

The Cayman Islands, through its pivotal role in international investing and financing, supported by its robust and well-regulated financial services industry, can help Brazil as it focuses on strengthening its economy and global presence by providing unparalleled access to:

  • Foreign Direct Investment or “FDI” (essential to save or grow Brazilian businesses and jobs)
  • Inward infrastructure investing and financing
  • Liquidity for the Brazilian economy
  • Brazilian job growth
  • Increased Brazil tax base
  • Global diversified investments for Brazilian pensioners and endowments
  • Free flow of global trade, capital, investing, financing, and services

Read more in our booklet The Cayman Islands_An extender of value to Brazil’.

 

The following is a two-page summary, which can be downloaded here.

 

 

 

Tax Neutral

The Cayman Islands Tax Neutral regime is a globally responsible tax model that is simple and transparent, and efficiently supports the global free flow of investment capital and financing without posing tax harm to other
countries’ tax bases.

As the Cayman Islands is tax neutral, it adds no additional tax to financial services transactions in its jurisdiction. Investee entities and investors are still subject to reporting and paying their relevant taxes in their home jurisdictions.

In addition, the Cayman Islands meets globally accepted standards for transparency and cross border cooperation with tax authorities and law enforcement.

Cayman’s Tax Neutral policy is supported by United Nations and OECD Model Conventions. While the OECD Model Tax Convention on Income and Capital gives guidance on the use of Double Taxation Treaties to address the burden of double taxation on cross border economic activities, it also recognises alternative tax policy models for addressing (i) double taxation, (ii) tax conflict mediation, and (iii) tax information sharing to protect against tax evasion and aggressive tax avoidance. The Cayman Islands Tax Neutral regime meets the criteria of such an alternative tax policy model.

Read more in the Cayman Islands Tax Neutrality Overview, which you can download.

 

Cayman Islands Verified Ownership Regime

For over 15 years, the Cayman Islands has had a world class verified ownership regime in place and shared ownership information with international regulatory, enforcement and tax authorities in line with international standards and commitments to combat money laundering, tax evasion and terrorist financing.

Read more in our two-page summary below, which can be downloaded here.

 

Cayman Islands: The Premier Global Financial Hub – Issue 5

We invite you to view and share the Cayman Finance jurisdictional magazine, Cayman Islands: The Premier Global Financial Hub | Issue 5. Please view the digital version here.

About Cayman Finance

Cayman Finance is the association of the Cayman Islands financial services industry and represents 15 industry associations. Cayman Finance’s mission is to protect, promote, develop and grow the Cayman Islands Financial Services Industry through cooperation and engagement with domestic and international political leaders, regulators, organisations and media; to promote the integrity and transparency of the industry by legislative and regulatory enactment and to encourage the sustainable growth of the industry through excellence, innovation and balance.

Find out more at www.caymanfinance.ky

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