The Caribbean tax havens are well-known for their bank secrecy and low tax rates.

The offshore banking industry has become highly competitive, with numerous options available worldwide. Based on our research into political stability, reliable currency and banks, functional legal systems, and infrastructure and telecommunications capabilities, we have identified three top-tier destinations in the Caribbean for banking referrals. These include the Cayman Islands, British Virgin Islands, and the Turks & Caicos. These territories, all under British governance, have their banking audited by the Bank of England.

It’s worth noting that the Bahamas is a popular offshore destination, but we will provide a more detailed assessment of it for bank introductions at a later date. However, concerns have arisen in the Bahamas banking region regarding compromises in bank privacy and tax-related matters since 2000. Another area of interest is Barbados, an increasingly prosperous money haven in the southeastern Caribbean. If you have a request for any Caribbean region not covered in detail in this section, please contact us directly, and we’ll be happy to assist you.

The economy of the Caribbean heavily relies on two industries: tourism and offshore finance. Governments in the region have implemented policies to attract investment by creating highly favorable tax environments for non-residents. The Caribbean has earned a reputation as an “INTERNATIONAL TAX AND ASSET PROTECTION HAVEN,” attracting international funds and serving as a prominent banking region.

Undoubtedly, one of the main advantages of the Caribbean tax havens is the low or nonexistent tax rates. The economic and political situations are stable, and most currencies used are either linked to the US dollar or directly tied to it. However, similar to other banking regions worldwide, the Caribbean is not immune to certain financial institutions with questionable practices and management ethics. In the past, Grenada encountered difficulties with fraudulent banking activities, raising concerns about the transparency of assets and ownership. We prioritize thorough research and due diligence to recommend reputable financial institutions and professionals with the expertise to meet your specific needs.

For high net worth individuals, setting up an offshore company is a popular strategy for asset protection. Within a tax haven, all business activities, including investments and banking, are conducted under corporate ownership. As a result, the identities of shareholders, officers, and directors remain completely confidential and private. While we do not directly facilitate company incorporations, we maintain a network of contacts who specialize in assisting clients with the establishment of offshore entities.