The Cayman Islands: An Extender of Value to the European Union

This page has been developed to share information about the essential role of the Cayman Islands Financial Services Industry in the global economy, and particularly highlight how the Cayman Islands is an extender of value and an important partner to the European Union and its Member States at a time when the EU is in an era of evolving global trade relations and other important changes in the global economy.

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

Global trade is an important cornerstone of the EU’s economic policy and the Cayman Islands is the world’s most popular global financial hub for international investment, providing a proven, trusted, stable, tax-neutral, and well regulated environment designed to support global trade.

The Cayman Islands is a ‘global extender of value’ for the European Union, its businesses, and its citizens to be competitive through global trade, investing and financing activities, providing the ultimate platform that is dynamic enough to support the EU currently and as it enters a new era of global trade relations.

In order for the Cayman Islands to be able to best assist the EU, and for the EU to take maximum advantage of the opportunities available in the evolving global economy, it is imperative that the European Union understands fully the beneficial role played in global financial services by the Cayman Islands.

The Cayman Islands, through its pivotal role in international investing and financing, supported by its robust and well-regulated financial services industry, can help the EU as it prepares for the
evolving changes in global trade and the global economy by providing unparalleled access to:

  • Foreign Direct Investment or “FDI” (essential to save or grow EU businesses and jobs)
  • Inward infrastructure investing and financing
  • Liquidity for EU Member State economies
  • EU Member State job growth
  • Increased tax base for EU Member States
  • Global diversified investments for EU pensioners
  • Free flow of global trade, capital, investing, financing, and services.

Read more in our digital booklet ‘The Cayman Islands: An Extender of Value to the European Union’.

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.

You can also find more information in the following places:

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