There are places in the world where doing business is not so problematic. The Cayman Islands are one of these areas and are enjoying increasing popularity.
Why are the Cayman Islands considered the perfect place to run a business?
The media often talks about tax havens. This is a negative terms because each country wants to collect the highest amount of taxes from companies. The Cayman Islands is the perfect place to do business because it is considered one of the largest offshore financial centres. The islands are an overseas territory belonging to the United Kingdom, located in the Caribbean. The islands have become a great place to do business because of the very business-friendly regulations. This is because the Cayman Islands, despite being under the sovereignty of the UK, do not comply with Commonwealth law. Thanks to this, wilton mcdonald cayman islands are a place where business can flourish and not be harassed by excessive financial burdens, such as taxes. The Cayman Islands are an interesting alternative for foreign entrepreneurs and companies which are looking for innovative and optimal solutions. A major advantage of doing business in the Cayman Islands is high investor anonymity.
Other benefits include:
• no tax on goods and services,
• no income tax,
• high anonymity
• a friendly environment for all foreign investors,
• complete lack of accounting obligations.
What types of companies can you set up in the Cayman Islands?
In the Cayman Islands there are three types of companies:
• ordinary company,
• foreign company,
• exempt company.
To have the greatest tax benefits, it is recommended to establish an exempt company. All companies that are registered in the Cayman Islands are required to have a registered address on the island.
If you would like to set up a company in the Cayman Islands, it is best to contact a specialist and professional, such as Wilton McDonald cayman.