With its world-renowned beaches, tax-free income, and thriving financial sector, the Cayman Islands has become a top destination for expats seeking a luxury island lifestyle.
In this guide, we’ll walk you through everything you need to know about relocating to the Cayman Islands from a personal tax perspective, including tax residency, double tax treaties and tax return obligations.
TaxPilot recommend that you organize your affairs in good time to get ahead and make the most of favorable tax treatment while making sure you’re meeting your tax return obligations.
Cayman Islands follows a zero taxation model. You will not pay tax on personal income sources.
Tax on property and share sales
Tax on value of owned assets
Tax on assets passed to heirs
Tax to contribute to state welfare
If you receive incomes overseas while you are living in Cayman Islands, you may find the source country, as a starting point, continues to tax the income.
Double taxation agreements may remove the source countries taxing right and thus, enable you to receive incomes tax free globally.
At present, Cayman Islands does not have any double taxation agreements signed.
