Opening a bank account in the Cayman Islands

Julien · 2011-09-28T09:43:18+02:00

Discover how expats can open a bank account in the Cayman Islands, required documents, timelines, service restrictions, and bank recommendations.

Julien Founder

Member since 11 March 2005

17 years of happy life abroad

JulienFounder28 September 2011 07:43:18

53040

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)聽 ?

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.