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A foreigner must first have a job to move to the Cayman Islands. The employer applies and pays for the work permit. [96] Work permits are not granted to foreigners who are in the Cayman Islands (unless it is a renewal). The Cayman Islands Immigration Department requires foreigners to remain out of the country until their work permit has been ...
In order to work in the Cayman Islands, foreigners must have a job offer before immigrating. The Cayman Islands population is expected to reach 100,000 people before 2030, as the population has rapidly grown since the end of COVID-19 restrictions. [4]
The Cayman Islands' tax-free status has attracted numerous banks and other companies to its shores. More than 92,000 companies were registered in the Cayman Islands as of 2014, [13] including almost 600 banks and trust companies, with banking assets exceeding $500 billion.
The Cayman Islands Civil Service College (CICSC) is a school of higher education in the Cayman Islands.It was established in the Fall of 2007 to further New Public Management reforms as well as the learning and development needs of the Cayman Islands Civil Service and to carry out research within the Caribbean region.
The Cayman Islands is a parliamentary representative democratic dependency. As a British Overseas Territories, Charles III is the head of state. The Premier of the Cayman Islands is the head of government. Executive power is exercised by the government, legislative power is vested in both the government and the Parliament of the Cayman Islands.
Another foreign company that hired Patel was Elite Depot Ltd., the Cayman Islands-based parent company of Shein. He began consulting in April for Elite Depot in an arrangement that ended last month.
For U.S. and other foreign investors and businesses, the Cayman Islands' main appeal as a financial centre is the absence of all major direct taxes, free capital movement, minimal government regulations, and a well-developed financial infrastructure.
The foreign relations of the Cayman Islands are largely managed from the United Kingdom, as the islands remains one of 14 overseas territories under British jurisdiction and sovereignty. However, the Government of the Cayman Islands have autonomy and often resolves important issues with foreign governments alone, without intervention from Britain.