Cayman Islands Business Laws

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The Minerva Group, Inc., Apr 1, 2000 - Business & Economics - 436 pages
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The Cayman Islands, a British Crown Colony, have no taxes whatsoever on income, profits, wealth or capital gains. The revenues of the Islands are derived from indirect taxes such as import duties and stamp duty. There never have been any taxes, so the absence of income tax is not an artificial absence created by legislation, but a natural one. Companies and trusts in the Cayman Islands enjoy the same tax-free status as individuals regardless of nationality of ownership. This absence of taxes, together with political and racial stability, has attracted the attention of investors seeking tax-free base for their operations. The Government of the Cayman Islands is aware it attractiveness to outsiders and actively encourages investment through the passage of legislation and development of the financial sector. In late 2000 the Caymans government reports that the world's fifth largest financial center (after New York, London, Tokyo, Hong Kong), saw a 51% increase in company registrations in the past year, with a total of 57,900 on file. 17 new banks were also registered, for a total of 465.
 

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Contents

Companies Management Law
1
The Companies LawCap 22
19
Companies Law 1995 Revision
33
The Partnership Law 1995 Revision
215
Limited Partnership Law 11 of 1991 1997 Revision
247
Exempted Limited Partnership Law 1991 1999 Revision
269
Contracts Law 1996 Revision
279
The Trusts Law 1998 Revision
287
The Trusts Foreign Element Law 1987 as amended
365
The Special Trusts Alternative Regime Law 1997
373
The Perpetuities Law 1999 Revision
385
The Banks and Trusts Companies Law 1995 Revision as amended 1998
395
About the Author
417
Copyright

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About the author (2000)

Starchild is a member of the Extropy Institute, and life member of both the World Future Society and the Libertarian Futurist Society.

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