Cayman Islands Real Estate in Grand Cayman, Cayman Brac and Little Cayman Welcomes Foreign Ownership
"The Cayman Islands are the largest offshore mutual fund registration center in
the world and the second largest offshore insurance center with GDP per capita very high at $55,000. Tourism and offshore industries are the mainstays of the economy. The Cayman Islands' status as a British Overseas Territory has contributed to its strong legal and accounting systems. The Cayman Islands has taken legal and regulatory measures to satisfy concerns regarding money laundering through offshore banking, ultimately leading to its removal from the OECD's "gray list" of jurisdictions that have not fully implemented internationally agreed tax standards. The government's financial
strength is considered to be "very high." " Source: Moody's Investor Service 2010
