Located in the western Caribbean about 150 miles south of Cuba, 460 miles south of Miami, Florida, and 167 miles northwest of Jamaica are the low lying Cayman Islands. Grand Cayman is the largest of the three islands, with an approximate population of 54,000. The Cayman Islands have become important as an offshore financial centre, with good communications and general infrastructure helping the islands become the world’s fifth-largest banking centre and largest hedge fund domicile with over 9,000 funds registered.
There is excellent infrastructure in place to support the offshore finance industry, be it legislation, regulation or service providers. The Islands themselves have a very high standard of living and as such are able to attract and retain professionals of a high caliber, and are well served by first class hotels and condominiums with good air service from the Americas and Europe.
All of the major law firms, banks, investment managers and auditors have a substantial presence in the islands. Combining quality regulation and experienced service providers ensures the Cayman Islands remain an outstanding choice as an offshore domicile.