Representing over 80 banks with a team that has over 30 years’ of experience, Close Brothers (Cayman) Limited, through its banking affiliate, Close Bank (Cayman) Limited, offers offshore bank representation.
Benefits of a Cayman Offshore Bank include:
- No local reserve requirement
- Nominal minimum capital required (CI$400,000 or US$500,000 – Class B licence for a local incorporated entity).
- No income, profits, sales or capital gain taxations.
- No exchange control regulations, thereby allowing the free movement of capital.
- Statutory confidentiality provisions.
- Political and economic stability.
- Modern legal infrastructure.
