EFG in George Town

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EFG Bank AG Cayman Branch

Cayman Branch
  • Suite 3208
    9 Forum Lane
    Camana Bay
    P.O. Box 10360 - KY1 - 1003 Grand Cayman
  • +1 345 943 33 50
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EFG Wealth Management (Cayman) Ltd

Suite 3208 9 Forum Lane Camana Bay P.O. Box 10360 - KY1 - 1003 Grand Cayman

Our approach

At EFG, we are there for you, whenever and wherever you need us. It’s why we operate in 40 locations worldwide, to make sure we’re never too far away. We take the time to truly understand your needs and we think ahead to ensure that the next steps we take always lead in the right direction – to your success. By giving our CROs the freedom to make smarter choices for each individual client’s needs, you’ll experience private banking that is uniquely built around you.

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Financial place

Our Jurisdiction at a glance

The Cayman Islands are located in the western Caribbean Sea. They are the peaks of a massive
underwater ridge, on the edge of the Cayman Trench, 8000 feet deep. The islands
lie in the centre of the Caribbean south of Cuba and North West of Jamaica.

The Cayman Islands - often referred to as "the Caymans", "Cayman Islands", or
just "Cayman" -were first sighted by Christopher Columbus on May 10,
1503 during his fourth and final voyage to the New World. The islands, along with
nearby Jamaica, were captured by the Spanish, and then ceded to England in 1670
under the Treaty of Madrid. They were governed as a single colony until 1962
when the Cayman Islands became a British Overseas Territory and Jamaica became
an independent commonwealth realm.

The Cayman Islands is listed by the UN Special Committee as one of the last non-self governing
territories. A nineteen-seat Legislative Assembly is elected by the people
every four years to handle domestic affairs. A Governor is appointed by the
British government to represent the monarch.

Financial services

The economy of the Cayman Islands was once centred on the turtling trade.
However, this industry began to disappear in the twentieth century and tourism
and financial services became the economic mainstays during the 1970s. As of
December 2016, just over 100,000 companies were incorporated on the Cayman
Islands including 184 banks and trust companies, 740 captive insurance companies and more than 10,500 funds.

The Cayman Islands financial services industry encompasses banking, mutual
funds, captive insurance, vessel and aircraft registration, companies and
partnerships.

Throughout the global community the Cayman Islands is recognized as a
sophisticated, mature and diverse financial centre. As a premier financial
services jurisdiction, Cayman attracts the world's leading accounting, legal
and investment firms, and the banking industry remains a cornerstone of
Cayman's success.

Adherence to the regulatory standards of the Basel Committee on Banking Supervision
is fundamental to the regulatory approach, and the Cayman Islands is an active
member of the Basel Committee's Offshore Group of Bank Supervisors.

Key market features

Low tax jurisdiction

No taxes on personal income, inheritance and capital gains.

Securities friendly

No stamp duty on securities transaction.

Real estate favourable

Favourable legislation for real estate purchase by foreigners.

British based legal system

British-based legal system with ultimate court of appeal in London.

Confidential

Confidentiality enshrined in statutes, defined access to information for regulatory purposes only.