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Cayman Islands bank account
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Information
Economy—overview: With no direct taxation the Islands are a thriving offshore financial center; 28 000 foreign companies do business with the 600 registered banks and trust companies; banking assets exceed $300 billion. Tourism is also a mainstay accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America. Total tourist arrivals exceeded 1 million visitors in 1995 and again in 1996. About 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy one of the highest outputs per capita and one of the highest standards of living in the world.
If you have $300,000 or more to deposit and would like to open a Cayman bank account, click here to request an appointment.
GDP: purchasing power parity—$860 million (1996 est.)
GDP—real growth rate: 4.5% (1996 est.)
GDP—per capita: purchasing power parity—$23 800 (1996 est.)
GDP—composition by sector:
agriculture: 1.4%
industry: 3.2%
services: 95.4% (1994 est.)
Inflation rate—consumer price index: 2.1% (1996 est.)
Labor force:
total: 8 061
by occupation: service workers 18.7% clerical 18.6% construction 12.5% finance and investment 6.7% directors and business managers 5.9% (1979)
Unemployment rate: 7% (1992)
Budget:
revenues: $141.5 million
expenditures: $160.7 million including capital expenditures of $NA (1991)
Industries: tourism banking insurance and finance construction construction materials furniture
Industrial production growth rate: NA%
Electricity—capacity: 75 000 kW (1995)
Electricity—production: 230 million kWh (1995)
Electricity—consumption per capita: 6 929 kWh (1995)
Agriculture—products: vegetables fruit; livestock; turtle farming
Exports:
total value: $3.4 million (f.o.b. 1995 est.)
commodities: turtle products manufactured consumer goods
partners: mostly US
Imports:
total value: $333 million (c.i.f. 1995 est.)
commodities: foodstuffs manufactured goods
partners: US Trinidad and Tobago UK Netherlands Antilles Japan
Debt—external: $NA
Economic aid:
recipient: ODA $NA
Currency: 1 Caymanian dollar (CI$) = 100 cents
Exchange rates: Caymanian dollars (CI$) per US$1—0.83 (3 November 1995) 0.85 (22 November 1993)
Fiscal year: 1 April—31 March
Source - world66.com
*If you have assets worth $300,000 USD or more and would like it safeguarded in an Cayman Islands Bank Account, click here for a consultation request..
Aall Trust & Banking Corporation Limited
AT&B is primarily a bank in the Swiss tradition, specialising in offering clients who meet its stringent qualifying criteria a full range of banking, asset management, trust and corporate services in a discreet, highly confidential and professional manner.
Ansbacher (Cayman) Limited
Wealth preservation, specialist Banking, Fiduciary and Investment services. International private and specialty banking; trustee; company management; investments; representation of banks/trust companies; mutual fund administration.
Bank Austria Cayman Islands
Provides a wide variety of traditional commercial banking and treasury services and a range of offshore services including company incorporation and management, trustee services, structured finance arrangements and mutual funds.
Bank of Bermuda (Cayman) Limited
Corporate and private banking services include: preeminence of Bankline among the bank's cash management services; allows the client on-line access via their PC to the bank's computers; Global Check is our exclusive interest bearing checking account. Denominated in U.S. dollars or British pounds sterling, providing access to offshore funds.
Bank of Butterfield International (Cayman) Limited
Full-service bank offering retail and commercial banking services to private and corporate clients; provision of portfolio management, brokerage, trust and company formation and administration and mutual funds administration service.
Bank of Nova Scotia Trust Company (Cayman) Ltd
Provides offshore trust and company formation and administration services. Cubicle bank and trust administration; special purpose vehicles; mutual fund administration.
Barclays PLC (Cayman)
Barclays is a UK-based financial services group engaged primarily in banking, investment banking and investment management. In terms of assets employed, Barclays is one of the largest financial services groups in the United Kingdom.
Caledonian Bank &Trust Limited
Caledonian Bank is a full financial services provider offering banking, trust, insurance management, mutual fund administration, investment management and corporate management services including the provision of directors, officers, managers and accounting services for offshore companies of all types.
Cayman Islands Banks
A list of banks in the Cayman Islands
Cayman National Bank
Founded in 1974 - "The Bank is part of the Cayman National Corporation which can handle all your offshore financial needs. As well as a full range of retail and commercial banking services, we provide Trust and Corporate management, and investment brokerage services in stocks, bonds, metals and mutual funds. "
CIBC Trust Company (Cayman)
CIBC Bank and Trust Company (Cayman Islands) Limited is a subsidiary of Canadian Imperial Bank of Commerce and was established in 1967 to provide individuals and corporations with a wide range of offshore financial services.
CITCO Bank & Trust Company Limited
Provide services to non-resident companies that conduct their business outside the Cayman Islands: current accounts, time deposits, clearing accounts, paying agent, escrow agent, forex, credit facilities and traditional custody services to mutual fund clients and institutional clients.
Fiduciary Trust (Cayman) Ltd
Founded in 1989, Fiduciary Trust (CAYMAN) Limited has built its success on strict adherence to the concept of offering personalised service to its clients.
Merrill Lynch Bank & Trust
Provision of non-resident Cayman companies for our international generational planning services clients.
NCB (Cayman)
NCB (Cayman) Limited is a wholly owned subsidiary of the National Commercial Bank Jamaica Limited, one of the two major retail banking entities operating in the domestic Jamaican market, and forming part of the NCB Group of companies.
Republic Bank Trinidad & Tobago (Cayman) Ltd.
Republic Bank Trinidad & Tobago (Cayman) Ltd. – established in 1992 – is the first indigenous bank of the English speaking Caribbean to establish an offshore facility in the Cayman Islands and to offer the benefits of tax free banking and trust services to citizens of Trinidad and Tobago.
Royal Bank of Cananda
A full service international private bank offering a variety of services tailored for high net worth, sophisticated investors and corporate institutional clients.
St. George’s Trust Company Limited (Cayman)
St. George’s Trust Company Limited has evolved to become an internationally renowned premier offshore trust company.
UBS (Cayman Islands) Ltd.
Provides the following services out of Grand Cayman: private banking; asset management; financial planning/wealth management (including trust and corporate activities) and mutual fund administration