Receiving professional tax advice may be necessary when running a multi-jurisdictional operation in the Cayman Islands as certain countries require special reporting. Tax advisors usually have specific legal and financial expertise and also advise private individuals on tax related matters.
Business tax advisors or firms in the Cayman Islands provide a range of services from providing advice on shareholder tax planning, international tax structuring for multijurisdictional transactions, compliance prior to an overseas acquisition to employment matters and reducing a business’s tax burden as well as protecting and exploiting intellectual property.
They also advise individuals on minimising inheritance and wealth taxes and structuring financial affairs to reduce overall taxation. Whatever your needs, it is important to choose an experienced firm to represent your interest.
See the Immigration section for more information on your tax liabilities once you move to the Cayman Islands. See this page for UK tax advisors and here for US tax advisors. There is also lots of additional information on filing tax returns, working out your Physical Presence Test, your Bona Fide Residence Test, your Foreign Earned Income Exclusion, Housing Exclusion and Deduction and more. We cover this in detail for both US and UK citizens moving to Cayman.