The Cayman Islands is comprised of three Islands, Grand Cayman, Cayman Brac and Little Cayman, which are located in the northwestern Caribbean approximately 480 miles south of Miami, Florida. The Cayman Islands are a British overseas territory with a high degree of regulatory autonomy and is recognized as the fifth largest financial market in the world with 40 of the world's top 50 banks having subsidiaries or branches situated here.
 

The success of the Cayman Islands as a financial centre is attributed to the tax neutral environment, a stable political British Parliamentary system, excellent telecommunications infrastructure and qualified legal and accounting service providers.
 

There are no income taxes on individuals or companies, no capital gains taxes, death duties or inheritance taxes. Government revenues are raised through the imposition of import and stamp duties, registration and license fees and tourism.
 

The financial services sector is regulated by the Cayman Islands Monetary Authority ("CIMA") and the Cayman Islands Stock Exchange.

The Cayman Islands is home to:

• 8,243 registered funds
• 400 licensed banks and trust companies
• 745 registered captive insurance companies
• 1,000 listed companies on the stock exchange
• 94,000 registered companies