the international financial community, the Cayman Islands is recognized
as a sophisticated, mature and diverse financial center.
As a premier financial services jurisdiction, Cayman attracts the world's
leading accounting, legal and investment firms, and the banking industry
remains a cornerstone of Cayman's success. There are just under 600 banks
and trust companies in the Cayman Islands, including 43 of the 50 largest
banks in the world. The Cayman's display a unique combination of
stability, innovative legislation, commercial strength, government support,
adherence to the regulatory standards of the Basle Committee on Banking
Supervision, and the absence of corporate, capital gains, income, payroll
and withholding taxes, on domestic or foreign entities.