The history of the financial services sector in the Cayman Islands is a tale of rapid growth.

The foundation was laid in the mid-1960s when legislation was passed to take advantage of the country’s status as a tax-free jurisdiction, ushering in the start of the Cayman Islands’ ascent into the financial services world.

In the 1970s, as infrastructure developed, the islands began a major transformation from an isolated seafaring community to a sophisticated financial centre and first-class tourism destination.

Today, Cayman’s offshore financial sectors include banking, captive insurance and reinsurance, company registration, hedge funds, investment funds and companies, vessel and aircraft registry, trusts and securities.

To read more about Cayman’s financial sector, please visit the business section of the Cayman Compass.