Cayman Islands
Top Income Tax
0%
Marginal rate
Corporate Tax
0%
Standard rate
VAT / Sales Tax
0%
Standard rate
Capital Gains
0%
Standard rate
Overview
The Cayman Islands is the world's most famous zero-tax jurisdiction with no income, corporate, VAT, or capital gains taxes. It's a major global financial center and offshore fund domicile. The extremely high cost of living and income requirements limit access to high earners.
Income Tax Brackets
| Income Range (KYD) | Tax Rate |
|---|---|
| 0+ | 0% |
No direct taxes: no income tax, corporate tax, capital gains tax, or withholding tax.
Corporate Tax
Standard Rate
0%
No corporate income tax. Government revenue from duties, fees, and licenses.
VAT / Sales Tax
Standard Rate
0%
No VAT or sales tax. Revenue from import duties (22-27% on most goods).
Capital Gains Tax
Standard Rate
0%
No capital gains tax.
Social Security Contributions
Employee
5%
Employer
5%
Self-Employed
10%
Pension contributions to approved private pension funds.
Special Tax Regimes
Global Citizen Concierge Program
2-year certificate for remote workers to live and work in the Cayman Islands.
Eligibility: Must earn at least USD 100,000/year (individual) or USD 150,000 (couple). Must have health insurance.
Digital Nomad Visa
Global Citizen Concierge Program. Must earn USD 100,000+/year (individual). Valid 2 years.
Pros & Cons
Pros
- Absolutely zero taxes
- Major financial center
- Global Citizen program
- Beautiful Caribbean location
- English-speaking
- Stable British Overseas Territory
Cons
- Extremely high cost of living
- High import duties
- Very high income requirement for residence
- Small community
- Hurricane risk
- No tax treaties
Living Indicators
Cost of Living Index
Expensive
Quality of Life Index
Good
Best For
Data Sources
Tax rate data for Cayman Islands is compiled from the following authoritative sources:
- OECD Tax Database
- Tax Foundation International Tax Competitiveness Index
- World Bank Business Enabling Environment
- Cayman Islands government tax authority publications
- PwC Worldwide Tax Summaries
Last verified: 2024-01
Disclaimer: This content is for informational purposes only and does not constitute tax advice. Tax laws change frequently. Always consult a qualified tax professional before making decisions about your tax residency or obligations.