Blacktower first opened its doors in Grand Cayman in 2014. Since then, our financial specialists have helped clients manage their wealth and assets effectively with a forward-thinking outlook.
Grand Cayman, the largest and most developed of the three islands, is home to the majority of the 80,000 people populating the islands – with around 65,000 calling Grand Cayman home. Of these, about half are expats. The expat population consists mainly of individuals from Canada, UK, EU, Australia, USA, and other Caribbean islands. These expats are working professionals focusing in the fields of accountancy and corporate law.
No Direct Taxation
The Islands enjoy a “no direct taxation” status which ensures their position as a thriving offshore financial hub. Cayman continues to attract banks, hedge funds, structured finance vehicles, captive insurance plans and mutual funds. There are approximately 300 registered banks and 9,000 investments funds. Cayman is consistently within the top five financial services jurisdictions worldwide.
Political and Economic Stability
The Cayman Islands is often recognised as the most stable Caribbean island both politically and financially. The Islands are currently rated Aa3 by Moody’s, with a stable outlook. The government in 2018 had an overall surplus of cash reserves.
Simplicity and Communication
There is no doubt about it, when it comes to finance the terminology used can be often confusing. At Blacktower Cayman, we believe in simplifying what would otherwise seem complicated. Communication is a pillar of our relationship and is vital to its success. We ensure our clients understand the structure in place and any investment involved. A plan is formed to properly manage expectations now and throughout the relationship. Our approach builds trust and creates a strong foundation for future success.
Contact Blacktower FM Today
Blacktower FM can help you effectively structure your wealth so that your money works for you in the most efficient way possible. For more information, contact us today.
Click the logo below to listen to Blacktower talk Finance on Radio Cayman’s Business Buzz