Today, over 580 banks and trust companies including 47 of the 50 largest banks in the world, are registered in the islands. In addition, all of the world’s international accounting firms and many insurance underwriting management firms maintain offices in Grand Cayman.
The Cayman Islands are a British Dependent Territory of 3 islands with the financial centre in George Town on Grand Cayman. They are largely self-governing and there has been consistent political stability. Their modern legal system is based on English Common Law. The principal language is English. The local financial industry is well regulated and supervised by the Cayman Islands Monetary Authority.
Political, economic and social stability
Modern banking and company laws
No foreign exchange controls
Tax free environment
Based on the above, listing of individual banks here is virtually pointless. The best way to find a bank suitable to your needs in Cayman is simply to find out from your current financial institution if they or their principals maintain offices in the Cayman Islands.
