There is no personal income tax.
No.
No.
No.
No.
No.
There are no social contributions. However, participation in authorised pension funds and health insurance is compulsory.
Contributions are paid by employers with partial reimbursement from employees.
Employees must contribute at least 5% of their remuneration to the pension insurance scheme.
Minimum health insurance contributions are financed equally by the employer and the employee.
Stamp duty is payable on real estate transactions at a rate of 7,5%. The tax is also payable on transactions involving shares in real estate companies.
Stamp duty is payable on mortgages and some other transactions at a rate of 1% to 1,5%.
The Cayman Islands have entered into 1 Double Tax Treaties (DTC) and 19 Tax Information Exchange Agreement (TIEA) with the following jurisdictions:
1 DTC: UK
19 TIEA: Australia, Canada, Denmark, Faeroe Islands, Finland, France, Germany, Greece, Greenland, Iceland, Ireland, Mexico, Netherlands, New Zealand, Norway, South Africa, Sweden, USA.
Generally, there are no restrictions on foreign exchange transactions.