Cayman Bank Account - Cayman Islands Bank Account

With a first-class business infrastructure, sound regulatory policies and forward-looking legislation, the Cayman Islands’ financial services industry is well placed to meet the challenges of this millennium.


Available options for your Cayman bank account.
  • Personal accounts
  • Corporate accounts
  • Savings and fixed deposits $2500 opening balance.
  • Mortgages
  • Online banking
  • Wire transfers
Total cost to open you Cayman bank account. $500.00
   
Click hear to order your Cayman bank account now.

Information on BANKING, FINANCE AND INVESTMENT in the Cayman Islands.

FINANCIAL FACTS
The Cayman Islands are perhaps the best-known offshore jurisdiction - and with about 70,000 registered corporations, rightly so. All this financial activity has brought high-end tourism and a thriving service industry to the islands, which has contributed to an incredibly high standard of living - not only for the Caribbean, but worldwide.

Fiscal year: 1 April - 31 March


BANKING
Licensed banks fall under one of three categories. The first category is Class A, which permits banking activity both within Cayman Islands jurisdiction and in other offshore locations.

The other two categories are both Class B, but are further divided into restricted and unrestricted licenses. Restricted Class B banks are required to submit a full list of proposed bank clients to the Financial Services Department of the Caymans, which also has the only authority to permit additions to that list. However, the bank minimum worth is a low USD$20,000.

Class B unrestricted licenses must have a USD$400,000 minimum worth, but can conduct banking business with however may customers they choose without first registering the list with the Financial Services Department.

The name of the department that oversees the banking industry - as well as the Financial Services Department - is the Monetary Authority. All reporting is done to this authority.

Basle Convention rules apply to all bank licenses, fees and transactions.

STOCK MARKET
The Cayman Islands Stock Exchange (CSX) has been in operation for over 10 years, and has approximately 1,500 listings and a market capitalization of more than $123 billion.

Mostly used for Cayman-based funds and securities, the CSX does not come under the jurisdiction of EU or US stock market regulatory authorities. Instead, it is governed by the Cayman Islands Stock Exchange Authority.

MEMBERSHIPS
Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate), UPU

FOREIGN INVESTMENT
The Cayman Islands do not offer any other incentive to attract foreign investment to their offshore financial centre than complete tax exemption.

We never disclose the name of the Cayman bank until after you have sent
payment and the required due diligence documents. Please do not ask.