Opening a bank account in the Cayman Islands

Julien Founder

Member since 11 March 2005

17 years of happy life abroad

JulienFounder28 September 2011 07:43:18

53095

Hi all,

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,

Julien

Gordon Barlow ViP

Member since 19 February 2012

Gordon BarlowViP24 February 2012 02:43:37

1188

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.