Cayman Islands
archipelago, British Overseas Territory , Tax havennation state
| Cayman Islands link () | |
|---|---|
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| Location | North Atlantic Ocean |
| Type | nation state |
| Tax haven in the Caribbean. | |
The Cayman Islands is a British Overseas Territory in the North Atlantic Ocean. It is one of the most well-known tax havens in the world. No corporate tax, no income tax, no property taxes, no capital gains taxes, no payroll taxes, and no withholding tax, etc. - making it an ideal place for multinational corporations to base subsidiary entities to shield some or all of their incomes from taxation.[1]