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Warning: Cannot modify header information - headers already sent by (output started at /home/sunshine61/public_html/main/includes/database.mysqli.inc:128) in /home/sunshine61/public_html/main/includes/bootstrap.inc on line 639 INDIAN CHIEF TRAVEL
http://beta.indianchieftravel.com
A Green Planet: Sustainable, paperless travel guides for destinations around the world.enOffshore Banking in the Caymans
http://beta.indianchieftravel.com/en/cayman-islands/cayman-islands/grand-cayman/grand-cayman-cayman-islands-1
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Just what is a Cayman bank account? Some are, as might be expected, multi-million-dollar accounts, while others are much smaller in scale. Both take advantage of the tax-free status and confidentiality laws. These laws protect all reputable transactions as a means for earning tax-free interest. You can open an account once the Caymanian bank receives a reference from your home banker, then you can deposit funds (in US dollars, if you like). Unlike some countries, there is no exchange control and your money can be moved in and out of the country freely and privately.
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<strong>Offshore Banking in the Cayman Islands</strong>
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<strong>Financial Services and Insurance Companies</strong>
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Offshore financial services play an integral role in the islands’ success as well. Grand Cayman has over 500 licensed banks (including 47 of the 50 largest banks worldwide). Banking secrecy laws passed in 1966 laid the groundwork for this profitable industry that today ranks the small island as the fifth largest financial center in the world, surpassed only by London, Tokyo, New York, and Hong Kong.
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<!-- google_ad_section_end --><p><a href="http://beta.indianchieftravel.com/en/cayman-islands/cayman-islands/grand-cayman/grand-cayman-cayman-islands-1" target="_blank">read more</a></p>http://beta.indianchieftravel.com/en/cayman-islands/cayman-islands/grand-cayman/grand-cayman-cayman-islands-1#commentsCayman IslandsGrand CaymanThu, 28 Aug 2008 18:57:42 +0000admin198032 at http://beta.indianchieftravel.com