Keyword Analysis & Research: cayman islands


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Why are the Cayman Islands considered a tax haven?

The Caymans have become a popular tax haven among the American elite and large multinational corporations because there is no corporate or income tax on money earned outside of its territory. This includes interest or dividends earned on investments, making the Caymans especially popular among hedge fund managers.

What are the ethnic groups of the Cayman Islands?

According to CIA factbook of 2013, Caymanian people of mixed-race of mixed black African and white European ancestry are the plurality ethnic group in the Cayman Islands, accounting for 40% of the country's population, with white 20%, black 20%, and expatriates of various ethnic groups 20%.

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