Cayman Islands Jobs

Tax In The Cayman Islands

The Cayman Islands is one of the few major offshore jurisdictions to be completely free from direct taxation on employees and residents.

That effectively means that the CI government charges 0% income tax, 0% corporation tax and 0% inheritance tax. There is also no VAT (Sales Tax) or or annual property taxes.

The government raises the funds in needs to function through import duties, work permit fees, stamp duty on property purchases and other minor tariffs.

This offers expat jobseekers a phenomenal opportunity - a great lifestyle and no tax. What an employee would consider a good gross salary onshore, may well receive that same figure net in Cayman. And that could be a saving of up to 50% - meaning an equivalent effective rise in salary.

Although the Cayman Islands levies no taxes, it is important to check with your home jurisdiction that they will not tax you on your overseas income. Some countries, such as the US, do this to varying degrees.