The Cayman Islands are known for financial services, tourism, and real estate. The offshore financial sector is particularly significant.
You can contact the Cayman Islands Department of Commerce and Investment for information on business licenses, permits, and regulations.
Yes, there are no corporate, income, or capital gains taxes, making it an attractive location for international businesses.
The business culture is professional, yet relaxed. It’s important to be respectful and punctual in meetings.
George Town and Camana Bay are the primary business hubs on Grand Cayman.
Opening a bank account in the Cayman Islands is relatively straightforward, but it typically requires a physical presence and legal identification.
Yes, there are co-working spaces and business centers in the Cayman Islands, particularly in George Town, where you can rent office space or hold meetings. Simply search for “coworking space cayman”
Yes, the Cayman Islands have a modern telecommunications infrastructure with reliable high-speed internet services, which is essential for business travelers.
Yes, Owen Roberts International Airport (GCM) on Grand Cayman offers direct flights from various major cities in North America and Europe, making it convenient for business travelers.
Business attire is generally expected for meetings. However, the Cayman Islands have a more relaxed dress code, so you may not always need a suit and tie.
Taxis and car rentals are readily available for transportation within the islands. Many hotels also offer shuttle services or can arrange transportation for you.
English is the official language of the Cayman Islands, but you may be able to find translation services if needed. It’s a good idea to inquire in advance.
Business hours are typically from 8:30 AM to 5:00 PM, Monday through Friday. Some businesses may close for a few hours during lunchtime.
Building relationships is important, so taking the time to get to know your Caymanian counterparts can be beneficial. Respect local customs and traditions, and be patient and courteous in business dealings.
You may need permits for larger events or conferences. It’s advisable to consult with local authorities and event planning professionals for guidance on the necessary permits and regulations.
Yes, the Cayman Islands are renowned for their international financial services, so accessing banking services and financial experts is readily available.
Business travelers should also consider checking with the Cayman Islands Chamber of Commerce and the Department of Commerce and Investment for specific information and resources related to their business needs.