How to Open a Cayman Bank Account
If you have some financial expertise, you
may know the Cayman Islands is one of the most reputed jurisdictions as an international
financial center. Among the
established offshore financial centers, such as the British Virgin Islands
(BVI), Bermuda or Guernsey, the Cayman Islands is famous for its favorable
legislation regarding with privacy, asset protection and management. Many fund managers choose the Islands
as a location for the registered office of their funds.
Wealthy individuals from all over the
world can also enjoy the privacy and the tax neutrality of the Cayman
Islands. People from North and
South Americas find it very convenient especially because of its geographical
vicinity and time zone. You can
buy or sell stocks in New York Stock Exchange (NYSE) through the Cayman Islands
on a real-time basis.
To open a bank account, Cayman banks may
not even require you to visit the Islands. This attitude is very different from that of the Swiss
private banks, which recently are very nervous about accepting new clients.
If you are a U.S. taxpayer, it is very possible that any Swiss banks
will refuse you as a client. On
the other hand, Cayman banks may accept you if you have tax and legal advice
from a third party. In addition,
the bank will help you to utilize an appropriate fiduciary structure such as an
offshore trust or an offshore corporation. Even if you have difficulties in opening an individual
account, the bank may open an account for the trust created for you.
For more information, please email us (info@cs-trans.biz) with your name, address
and telephone number. We
will give you information on the available banks and detailed procedures to
open a Cayman bank account. The
information is free of charge.
[Swiss Private Bank Account for Free] [Offshore Trust vs. Liechtenstein Foundation]
[Japan Law] [Japan Business] [e-book Publishing]