Cayman Islands Wealth Management with FIDULINK
The Cayman Islands, a paradise in the middle of the ocean
Overseas territory of the United Kingdom, the Cayman Islands are located to the west of the Caribbean Sea. With an area of 260 km², this state is made up of three islands: Grand Cayman, Little Cayman and Cayman Brac, the largest of which is Grand Cayman with 197 km² in area. Being a TOM from UK, the official language is English. Today, the country has over 45000 inhabitants with a GDP of $ 32300 per capita and a national GDP of over $ 1,4 billion. Unlike the other overseas territories of the United Kingdom, the currency used in the Cayman Islands is the KYD or Cayman Islands Dollar. Considered a tax haven by many economists, corporate tax does not exist on these islands, the only taxes are the duties on imported goods which are at different rates, a stamp duty of 1% on transactions of real estate assets as well as a stamp duty on real estate transfers at the standard rate of 7,5%.
Cayman Islands Wealth Management with FIDULINK
There are many advantages to investing in these islands. In fact, apart from the non-existence of corporation tax, income tax for tax residents in the Cayman Islands is low. This allows massive investment in real estate with only a few taxes that do not exceed 10%. A tax haven for all investors, such as individuals or professionals. With FIDULINK, managing your heritage in the Cayman Islands is well organized.
The skills of the investment platform will allow you to optimize the use of all your assets, companies as well as all your real estate. Unlike in other countries where the personal income tax at a progressive rate that can exceed 25% for those with very high incomes, the income tax in Cayman Islands does not exceed the same rate of 20%. for people generating colossal income. The reason for this low taxation or the non-existence of certain taxes dates back to the end of the 1794th century. In February XNUMX, the inhabitants of the islands rescued the crews of ten commercial vessels which had struck the reef due to rough seas.
The latter ran aground on the islands, and the Caymanians rescued them. For their gesture and as a reward for their generosity, King George III promised the inhabitants never to create taxes. Also, one of the ships was carrying Prince William, son of George III and future William IV.
