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With no taxes on profits, capital gains, income or any withholding taxes charged to foreign investors, the Cayman Islands offer an excellent return on investment; as well as the stability and security of a British Commonwealth State. There are no estate or death duties payable on Cayman Islands Real Estate or other assets held in the Cayman Islands, making them the ideal place to set up trusts, annuities, and savings. You can easily take advantage of these and the many other benefits of doing business in the Cayman Islands by contacting Cayman National Bank. They are a well established and highly trusted financial services group that provide a full range of services to their domestic and international customers. More Cayman Islands Banking Information: Opening a Cayman Islands Bank Account with CNB Online Internet Banking at CNB with a Cayman Islands Bank Account Cayman Banking Laws and Regulations Benefits of Banking in the Cayman Islands Complete Cayman Islands Bank Directory CNB ATM Map Locations CNB Branch and Contact Information
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Opening a Cayman Islands Bank Account with CNB:
Cayman National Bank offers a variety of bank accounts to suit your needs. Over the last 30 years, CNB has been privileged to serve its customers in providing increased convenience and flexibility. CNB will open an account for a new depositor on receipt of a reference from the depositor's home banker. They will not accept large sums in cash. Funds can be deposited in US dollars or other currencies and can be delivered by check, which takes about two weeks to clear; or by banker's draft or wire transfer. Checking or savings accounts may be opened, but the most popular method is the fixed-interest or on time deposit (usually for a minimum of US$5,000) paying the interest quoted on receipt and for an agreed time. Interest rates on the various currencies may vary daily, and are published at the CNB website, available to all of their customers. Minimum Opening Deposit for Personal Account: Apply for your Cayman National checking or savings account by completing one of their online account opening forms and delivering it — via mail or in person — to one of their convenient customer service centers. For overseas customers, notarized copies of all required documents can be mailed as instructed in their easy online application form. Online Internet Banking at CNB with a Cayman Islands Bank Account Cayman Banking Laws and Regulations Benefits of Banking in the Cayman Islands Complete Cayman Islands Bank Directory CNB ATM Map Locations CNB Branch and Contact Information |
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Cayman Islands Debit and Credit Card Banking Information:
With a Cayman National VISA debit card or Master Card credit card, CNB customers are free to carry less currency when visiting the Cayman Islands while also saving on transaction fees. CNB customers have 24-hour bank account access using self-service channels to access your bank account online or by phone. Access your Cayman National bank accounts 24/7 with Cayman Express ATMs, Cayman In-Touch (telephone banking) and Cayman Global (Internet banking). Access your Cayman National bank accounts 24/7 with Cayman Express ATMs, Cayman In-Touch (telephone banking) and Cayman Global (Internet banking). Opening a Cayman Islands Bank Account with CNB Online Internet Banking at CNB with a Cayman Islands Bank Account Cayman Banking Laws and Regulations Benefits of Banking in the Cayman Islands Complete Cayman Islands Bank Directory CNB ATM Map Locations CNB Branch and Contact Information
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Cayman Onlilne Banking - Internet Banking is Easy with CNB: CNB's state of the art secure internet banking option, allows you to pay bills, print and view statements, order cheques, view cheque images, request stop payments, incoming / outgoing wire transfers, order drafts and standing orders that can be mailed or transfered directly from their Elgin Avenue bank in Grand Cayman. Cayman National Master Card customers can also enjoy the convenience of managing their CNB credit cards online. Business Banking customers also have the value added service of submitting salary payments online via Cayman National Online Banking. New customers who would like to use their online banking account services can sign up for online banking with online credit card account service. Opening a Cayman Islands Bank Account with CNB Cayman Banking Laws and Regulations Benefits of Banking in the Cayman Islands Complete Cayman Islands Bank Directory CNB ATM Map Locations CNB Branch and Contact Information |
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Cayman Islands Banking Laws and Regulations: The Cayman Islands have implemented laws to protect and enhance the reputation of the Cayman Islands as a base for offshore financial operations. The Cayman Islands signed a Mutual Legal Assistance Treaty with the United Kingdom and the United States targeting narcotics and other crime related frauds. However, Cayman Island banking laws specifically exclude tax offenses, which has resulted in a consistent rise in the number and quality of banks seeking a license to maintain a presence in the Cayman Islands. At least 40 of the world's top 50 banks have branches or subsidiaries in the Cayman Islands, indicating the recognition of the islands' stature in international finance as well as its position as one of the leading centers of the global Euro-currency market. Some of the influencing factors include the Cayman Islands strong reputation for sensible regulation, professionalism, confidentiality, tax advantages, asset protection, political stability, good infrastructure and geographical location. However, Cayman Island banking laws specifically exclude tax offenses, which has resulted in a consistent rise in the number and quality of banks seeking a license to maintain a presence in the Cayman Islands. Cayman’s Monitory Authority exists to protect the Cayman Islands status as a reputable international financial center by strictly enforcing procedures for new licenses and consistently monitoring the existing licensees. Strict insistence on the submission of regular returns and compliance with all Government requirements, including an external audit by approved local auditors. Opening a Cayman Islands Bank Account with CNB Online Internet Banking at CNB with a Cayman Islands Bank Account Benefits of Banking in the Cayman Islands Complete Cayman Islands Bank Directory CNB ATM Map Locations CNB Branch and Contact Information
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Benefits of Banking in the Cayman Islands: As of December 2005, over 70 THOUSAND companies were incorporated in the Cayman Islands; including 430 banking and trust companies, 720 captive insurance firms and more than 7,000 funds. There are absolutely no capital gains, corporation, withholding, property, payroll, income or any other asset-based taxes in the Cayman Islands. Over 30 banks have a Category A license, which allows them to conduct business with residents and nonresidents alike. The remaining banks hold Category B licenses, which restricts them to offshore transactions with nonresidents. There are absolutely no capital gains, corporation, withholding, property, payroll, income or any other asset-based taxes in the Cayman Islands. Absent any exchange control allows the free transfer of funds in and out of the Islands, in any currency and with equal freedom to open and maintain accounts in any currency anywhere in the world. There are no reserve asset requirements in the Cayman Islands and mandatory statutory confidentiality of client information is guaranteed under Cayman Islands law. Statutory confidentiality of client information is provided by the Confidential Relationships Law although in extremely rare circumstances, the Governor can authorize disclosure of information where there is evidence of criminality. This can apply to transactions effected outside Cayman if - had they taken place within the Islands, they would have constituted a criminal offense. In 1990 the Mutual Legal Assistance Treaty with the United States came into effect, which provides for the exchange of information required in the investigation of a range of criminal activity. However, the treaty specifically excludes tax matters. With no direct taxation, The Cayman Islands are a thriving offshore banking & finance center among the top five banking sectors in the entire world. Cayman National Bank offers a full range of offshore financial services and products, which include: • Asset management and protection • Investment management • Trust & fund administration • Private banking • Shipping and aircraft registry with financing support services. Individuals and companies alike, both locally and abroad are assured that establishing a bank or placing assets in the Cayman Islands will provide them with the best opportunity to maximize the potential of their assets conveniently — with the added value of confidentiality, unparalleled professionalism and efficient regulation. This assurance is as a result of the high ethical standards in government and among financial service providers in addition to clear and fair laws and regulations. Cayman law is based on the English common legal system. CNB also offers opportunities for investors on a smaller scale, who wish to take advantage of Cayman’s tax-free environment, protected by a confidentiality law which ensures privacy for all legitimate transactions. While many of the banks in the Cayman Islands are involved in the movement of billions of dollars around the world in business operations, CNB also offers opportunities for investors on a smaller scale, who wish to take advantage of Cayman’s tax-free environment, protected by a confidentiality law which ensures privacy for all legitimate transactions. Many overseas investors use Cayman Islands bank accounts as a secure and discreet place for depositing funds that earn tax free interest. There are no exchange control or reporting requirements in the Cayman Islands, thus funds may be converted into other currencies and easily moved in and out of the Cayman Islands. Opening a Cayman Islands Bank Account with CNB Online Internet Banking at CNB with a Cayman Islands Bank Account Cayman Banking Laws and Regulations Complete Cayman Islands Bank Directory CNB ATM Map Locations CNB Branch and Contact Information
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Opening a Cayman Islands Bank Account with CNB Online Internet Banking at CNB with a Cayman Islands Bank Account Cayman Banking Laws and Regulations Benefits of Banking in the Cayman Islands Complete Cayman Islands Bank Directory CNB ATM Map Locations CNB Branch and Contact Information
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CNB Branch and Contact Information: Phone: 345.949.4655 Fax: 345.949.7506 Auto Emailwill automatically generate email message if you have a dedicated email client. If not, email to: mailto:cnb@caymannational.com and be sure to include: Activity Guide Member in the subject line. Cayman Global Internet Banking: Cayman In-Touch Telephone Banking: Cayman National Bank's Customer Support Centre: Tel:345 949-8300 Fax:345 949-8495 Auto Email Opening Hours: Services Available 24/7: CNB ATM Map Locations CNB Branch and Contact Information |
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Comprehensive Guide to Banking in the Cayman Islands, Cayman Banking