Financial services that put the Cayman Islands on the cutting edge

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Located in the Western part of the Caribbean Sea is the British Overseas Territory (BOT) of the Cayman Islands – a small but booming region with an economy that can equally compete with the biggest countries in the world. Aside from being a tax-efficient jurisdiction, the Cayman Islands is home to top financial industries globally trusted by international clients and corporations.

Captive Insurance

According to the Cayman Islands Monetary Authority (CIMA), medical practice liability, medical malpractice coverage, assumer workers compensation risk, as well as workers compensation hold the largest lines of coverage reinsured by captives in the islands. On the other hand, healthcare captives make up at least half of all the captives in the island’s jurisdiction. Worldwide, the Cayman Islands rank second among the biggest captive insurance markets.

Hedge Funds

The Cayman Islands is the top offshore destination for hedge funds. Currently, the region is a home to over 11,000 regulated funds, cementing its rank as one of the leading financial centers in the world. All these were possible because of the Cayman government’s dedication to creating policies that favor and attract international fund managers. It’s quite easy to register new entities on the islands as long as they meet the requirements.


For many years, the Cayman Islands have been recognized for its international banking opportunities. According to recent data, there are 18 domestic banks in the islands and 140 foreign-controlled banking institutions that are either branches or subsidiaries. The head offices of these banks are usually in the United States, Europe, South America, Asia, and Canada.

According to LOM Financial Cayman, private and institutional investors are attracted to the region because of its professional infrastructure, English common law framework, and robust regulatory framework. The Cayman Islands is also a stable economic and political jurisdiction, and does not directly levy any personal, corporate, or property taxes.

Why the filthy rich invest offshore

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The richest people in the world have relied on very few highly-efficient investment strategies in their lifetime and offshore investing has been one of them. Basically, offshore investing looks at opportunities offered beyond the limits of the investors’ home countries, giving them the power and freedom to capitalize on the advantages of tax-reduced, confidential and wider investment pool transactions.

Aside from the unlimited bond and equity assets offered by many offshore companies, there are several reasons why the filthy rich invest offshore.

Tax-neutral jurisdictions in the Caribbean region such as Bahamas and Bermuda, for instance, have economic policies designed to provide favorable tax incentives to foreign investors. These small countries have served as ideal destinations for many corporations and high net-worth individuals, ensuring that their accounts are free from higher tax burdens imposed by their home countries.

Aside from that, investing offshore―through international financial services companies like LOM Financial―gives the rich access to a wider pool of investment options that will help them freely diversify their portfolio. This is because, accounts invested offshore can be more flexible, and more open to international markets.

These destinations also provide a healthy and safe environment for restructuring and protection of ownership of assets—without the worries of lawsuits or foreclosures and other domestic troubles. Furthermore, the same advantage of such offshore jurisdiction provides the benefit of confidentiality.

Offshore investing is a safe and tested option especially for the richest and multi-million investors―and perhaps it’s the only place in the world where their identity, asset, and wealth information, can be legally protected from the public, and more importantly, from potential competitors.