Offshore Financial Centres (OFCs), as low-tax, lightly regulated jurisdictions, specialise in providing the corporate and commercial infrastructure for the formation of offshore companies and for the investment of offshore funds.
Living and working in the Cayman Islands
Grand Cayman, where the majority of business is conducted, has a very mid-Atlantic feel, with the UK and US vying for the biggest influence on the Islands. The Cayman Islands offer its professionals the opportunity to work in smaller teams thereby becoming more integral to the business they join, as well as working closely with their clients.
Due to the size of the Islands, commuting distances are negligible which means there is more time to enjoy outside work pursuits. The islands have a thriving sporting and social community and it is easy to make friends with so many like-minded individuals interested in water sports, socialising and their careers. Rugby, golf, cricket, tennis and football are also widely played. The Canadian ex-pats even have their own hockey leagues.
Salaries are uniformly high and with the favourable tax position UK and US professionals are approximately 50% better off in real terms. Professionals from Canada, Australia and other commonwealth countries could find themselves earning three or four times their current salaries.
Relocation expenses, temporary accommodation and transport are also included as standard in most packages.
