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ARTICLE · 09 OCTOBER 2006

A Global Banking Center

During the last twenty-five years the Cayman Islands have developed into one of the world’s largest international financial centers, with more than 300 hundred active licences for banks and trust companies, 700 insurance companies and over 7,000 mutual funds. The stock exchange has approximately 1,000 listed entities with a market capitalization of over US$77 Billion.

Cayman IslandsWealth Management

During the last twenty-five years the Cayman Islands have developed into one of the world’s largest international financial centers, with more than 300 hundred active licences for banks and trust companies, 700 insurance companies and over 7,000 mutual funds. The stock exchange has approximately 1,000 listed entities with a market capitalization of over US$77 Billion.

The banking industry is represented by most of the leading banks in the world including over forty of the world’s largest fifty banks with deposits exceeding US$1 Trillion.

The deposit base of the banking industry in the Cayman Islands is second only to the United States of America, both of which provide a very similar zero tax base for persons investing in their financial institutions and markets.

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