Investing Photos courtesy of Guy Waller, Jonathan Sparrow and Rebecca Davidson
Saving and investing in Cayman, including wealth management services, tax considerations and investing in property.
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WEALTH MANAGEMENT
There are a number of different ways to engage in the services of investment advisors based in the Cayman Islands, either through the local office of a global firm or the asset management group of a
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I N V E S T I N G I N C AY M A N
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he Cayman Islands’ well-regulated, tax-neutral environment is highly regarded internationally. As the world’s leading domicile for offshore hedge funds and one of the largest captive insurance centres, it is predictably the offshore jurisdiction of choice for both private and institutional investors. Cayman’s prominent reputation comes in part from the highly professional and business-friendly Cayman-based financial institutions, which maintain a close working relationship with the Government. Together they ensure that Cayman continues to foster a transparent and functional financial regime. Included in this chapter are some of the top wealth management advisors in Cayman who can provide expert advice on all of the asset classes available to investors, as well as brokerage services for those who want to pick their own stocks and shares. One asset class that remains popular among investors is Cayman property. Real estate is highly sought-after by local and overseas investors as there are no annual property taxes. The local property market also continues to become more sophisticated every year. The Island is positioned as one of the top spots in the world for investors to hold high-end property.
Wealth Management Saving & Investing in Cayman Foreign Direct Investments (FDI) Establishing a Trust Investing in a Cayman Pension Investing in Crypto Assets Investing in Cayman Property Investing in Annuities
local financial institution. A local investment advisor will be able to offer expert investment guidance on a personal one-on-one basis in the resident’s time zone. He or she will also be familiar with the asset allocation and types of investments that are appropriate given the resident’s tax status. Most of the retail banks in Cayman have a full range of financial services, and there are an increasing number of specialised financial institutions that advise individuals who are looking for private banking or wealth management facilities. Brokerage firms in Cayman offer a wide range of client accounts and a full suite of products. For example, there is ready access to the full spectrum of offshore hedge funds and funds-of-funds, with choices ranging from low volatility funds to those which are aggressive and specialised. There is access to a wide range of interest bearing securities, structured notes (including equity-linked notes), step-up bonds and Eurobonds denominated in multiple currencies. Investment accounts that are designed to receive monthly contributions are not very common because deferred tax planning is generally not necessary. However, a number of the larger retail banks
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