- From: Grand Baie
- Registered: 2005-03-11
- Posts: 27532
Opening a bank account in the Cayman Islands
is it difficult for expats to open a bank account in the Cayman Islands ?
Which documents are required to open a bank account in the Cayman Islands ?
How long does it take to open it ?
Is there any restriction for expats regarding the services (loans for instance) ?
Which bank would you recommend ?
Thanks in advance for your participation,
- Gordon Barlow
- From: George Town
- Registered: 2012-02-19
- Posts: 138
Re: Opening a bank account in the Cayman Islands
If you're working here, no problem; if you're not, well, you'd get into trouble with your tax-man back home, that's all. I once saw someone wearing a T-shirt that said "I have a secret bank account in the Cayman Islands", but I bet he didn't wear it through US Customs!
Documents: Passport, proof of residence, and local personal references.
Working expats can get mortgages and car loans, as easily as they could back home, I guess.
Plenty of banks.