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With its world-renowned beaches, tax-free income, and thriving financial sector, the Cayman Islands has become a top destination for expats seeking a luxury island lifestyle.
In this guide, we’ll walk you through everything you need to know about relocating to the Cayman Islands from a personal tax perspective, including tax residency, double tax treaties and tax return obligations.
GTC recommend that you organize your affairs in good time to get ahead and make the most of favorable tax treatment while making sure you’re meeting your tax return obligations.
if you are a citizen of Hungary unless you have no permanent home in Hungary during the tax year.
if you are a Spain national who relocated to a tax haven less than five years ago.
if your ties are located in Mexico and 50% of your income arising in Mexico during the tax year.
if you are an EEA citizen and you are present in Hungary on more than 182 days during the tax year.
if you are registered with the Italian resident population.
if you are a citizen of Hungary unless you have no permanent home in Hungary during the tax year.
if you are a Spain national who relocated to a tax haven less than five years ago.
if you are an EEA citizen and you are present in Hungary on more than 182 days during the tax year.
If you receive incomes overseas while you are living in Cayman Islands, you may find the source country, as a starting point, continues to tax the income.
Double taxation agreements may remove the source countries taxing right and thus, enable you to receive incomes tax free globally.
At present, Cayman Islands does not have any double taxation agreements signed.
