Open an offshore bank account in Cayman Islands
Cayman Islands are considered the “Switzerland of the Caribbean” thanks to the large volume of business operations it has with the United States, Canada, the United Kingdom and Mexico. Therefore, Cayman Islands banks are considered the most solvent and safest in the world.
The Cayman Islands banking is one of the safest ones in Caribbean but at the same time the expenses and maintenance of the bank accounts are quite economic. Therefore, the banks of this jurisdiction can be a perfect option for small investor, an entrepreneur or professional. In the Cayman Islands the law protects bank secrecy for beneficiaries residents-in-countries that have not signed any bilateral automatic information agreement with the Cayman Islands. If anyone from bank staff violates bank secrecy, they will have to pay a high fine. Another characteristic of the Cayman banking is its sophistication and high technology. Also the country makes large investments in development of telecommunications converting it into a great country to live given its good economic status and its security.
The majority of offshore companies registered in Cayman Islands and bank accounts owned by this companies are specialized in online business activities. Little bureaucracy of legislation, speed in operations, privacy and high level of security can explain it. Cayman Islands, of course, provide secure banking services and have assumed a prominent position as the safest place in the Caribbean to do business; there has been no case of bank failure in last years. Cayman has a highly regulated banking sector, and many of the world’s major banks have branches in the country. Opening an offshore bank account in the Cayman Islands without physical presence, can take from 2 to 5 weeks, the quality of financial services provided by banks in Cayman Islands make the difference compared to other jurisdictions.