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Overview and introduction 

Taxation of international executives

Cayman Island Trade and Business License Law.


The Cayman Islands levy no taxes on income, dividends, royalties, profits, capital gains, wealth, property, or transfers, including transfers on death, on either resident or non-resident individuals. There are no foreign exchange restrictions or levies. There are no sales or value-added taxes.


Every non-exempt person or company carrying on a business in the Cayman Islands must have a business license for each place of business. Also, employers must pay an annual license fee for each non-Caymanian working in the Cayman Islands. The annual fee varies depending on the occupation and industry of employment. Within our industry category of “accounting, bookkeeping and auditing activities; tax consultancy” the fees range from the equivalent of USD1,220 for filing clerks and messengers, up to USD25,000 for partners, managing directors, and CEOs. Please visit Cayman Islands Immigration for further information.


The official currency of the Cayman Islands is the Cayman Islands Dollar (KYD).


Herein, the host country refers to the country to which the employee is assigned. The home country refers to the country where the assignee lives when he/she is not on assignment.


 Cayman Islands – Topics



© 2013 KPMG, a Cayman Islands partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.

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 Cayman Islands – Topics

Taxation of international executives