Locations
Cayman Islands
The Cayman Islands are a British overseas territory located in the western Caribbean Sea, comprising the islands of Grand Cayman, Cayman Brac, and Little Cayman. It is an offshore financial centre and one of the leading tourist scuba diving destinations in the world.
- Tax free income
- Numbero one hedge fund jurisdiction in the world
- Ranked as the 5th largest FS centre in the world
The Economy
With a total population of approximately 52,000, the Cayman Islands GDP per capita is the 8th highest in the world. The islands print their own currency, the Cayman Islands Dollar (KYD), which is pegged to the U.S. dollar at a fixed rate of 1 KYD = 1.2 USD. Caymanians and Caymanian companies are not subject to any form of direct taxation. However, an import tax is levied on most imported goods. Import taxes on automobiles ranges from 27.5% to 40% for most vehicles while Hummers are taxed at 100% of their value.
Immigration
In order to work in the Cayman Islands as a non-citizen, a work permit is required. This involves passing a police background check and a health check. A prospective worker will not be granted a permit if certain medical conditions are present. Work permits are not issued after age 60. The Cayman Islands presently imposes a controversial "rollover" policy in relation to expatriate workers who require a work permit. Non-Caymanians are only permitted to reside and work within the Territory for a maximum of seven years (non-renewable) unless they satisfy the criteria of key employees.
Typical roles available in Cayman
Within Practice, typically at Audit Senior level, however some companies will recruit up externally up to Director and Partner levels within the following specialties:
- External Audit
- Internal Audit
- Tax
- Actuarial
- Corporate Finance
- Forensic
- IT Advisory
- Restructuring
- Transaction Services
Industry sectors typically include:
- Financial Services particularly Investment Banks
- Insurance (Captive & Re-Insurance)
- Retail
- Hospitality
Within Financial Services:
- Internal Audit
- Hedge Funds
- Financial Analyst