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Cayman Islands

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List of incentives available in this location for quick easy reference below.

Incentives

Table key

  • Incentive offered
  • Incentive not offered
  • Did not submit information
Cash grants/incentivesMore [+]Less [-]
  • Issuance of a 25 year Direct Investment certificate.
  • Businesses located in the Sister Islands of Cayman Brac and Little Cayman receive up to 75% reduction on work permit fees for staff and 50% reduction on business license fees.
Tax exemptionsMore [+]Less [-]
  • Film Production Incentives- Key incentives offered to film productions include a 30% rebate in productions costs to qualifying productions and reduction on Government fees such as work permits and import duty on equipment.
  • Importation of Materials- Existing incentives for foreign companies comprise of waiver, reduction, or deferral on customs duty on importation of materials and machinery.
  • No Tax Jurisdiction- Business profits are not subjected to taxation. The islands are a tax neutral jurisdiction with no income tax, capital gains tax, corporation tax, gift or inheritance tax, or property tax.
Property assistance / other fiscal incentiveMore [+]Less [-]
  • Businesses in the Sister Islands of Cayman Brac and Little Cayman receive 100% concessions on building materials and concessions on stamp duty for land transfers.
Training and labor market assistanceMore [+]Less [-]
  • Labour market assistance is provided through the Department of Employee Relations via an employment registry.
Loan guarantees, cheap loans or finance
Exemptions from regulations
Target sectorsMore [+]Less [-]
  1. Financial Services
  2. Tourism
  3. Professional Services
Sectors specific incentivesMore [+]Less [-]

Financial Services Incentive Program (FSIP)

  • Access to 3-5 year work permits for the professional staff of accredited investors in the financial services industries.
  • Expedited turnaround for time sensitive applications to the financial services regulators, Cayman Islands Monetary Authority (CIMA).
  • Key Employee Designation for senior staff. The term limit of a worker who is not a key employee is seven years. Investors will have the security of knowing that their senior management team will be allowed to stay in the Cayman Islands for up to eight years, after which they may apply for the right to reside permanently in the Cayman Islands.

Tourism

  • Incentives are offered on a case by case basis and consist of duty waivers or reductions on importation of materials.

Sponsorship

If you are the authorised promotions agency for Cayman Islands and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.