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Article: Offshore: Funds & Financial Services Frequently Asked Questions on Cayman Islands.
- Article from:
- Mondaq Business Briefing
- Article date:
- October 9, 2007
CopyrightCOPYRIGHT 2007 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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What are the advantages and disadvantages of locating investment business in the jurisdiction? How does it compare with other offshore/ competing jurisdictions?
The Cayman Islands are a British overseas territory but are not members of the European Community.
The Cayman Islands are tax neutral having no corporation, capital gains, income, profits or withholding taxes that would apply to investment businesses established in the Cayman Islands or that would apply to investors in such businesses. This position is supported by an undertaking given by the Government of the Cayman Islands that companies, partnerships and trusts with exempted status will remain ...