Cayman Islands’ Tax System Overview
In 2024, the Cayman Islands’ taxation system continues to maintain its position as one of the most business-friendly in the world. The jurisdiction has no direct taxes like income tax, corporate tax, capital gains tax, or inheritance tax. Instead, the government generates revenue through indirect taxes such as import duties, stamp duty, and other transaction-related taxes. This tax neutrality has made the Cayman Islands a popular location for fund managers, international businesses, and wealthy individuals seeking a stable, predictable tax environment.

Impact of New Measures on Taxation
Despite its favorable tax environment, the Cayman Islands is introducing new regulatory measures to comply with international standards and address global concerns over tax transparency. These measures include enhanced reporting requirements for entities registered in the jurisdiction, aimed at increasing transparency in financial dealings. The Cayman Islands remains committed to maintaining its status as a leading global financial center, balancing compliance with international tax standards while preserving its competitive advantages.