When you need tax advice
Cayman has no income tax — but your home country might still tax you. Cross-border tax advice is essential for anyone with significant income, investments, or business interests.
- US citizens: MUST continue filing US taxes. Need a US-qualified international tax advisor.
- UK leavers: need UK tax exit planning (SRT, split-year treatment). A UK-qualified advisor is essential.
- Canadians: departure tax and deemed disposition. Need a Canadian cross-border specialist.
- Business owners: corporate structuring, transfer pricing, and substance requirements need professional guidance.
Finding the right advisor
The key is finding someone who understands BOTH your home country tax system AND Cayman.
- Big 4 firms (Deloitte, KPMG, EY, PwC) all have Cayman offices. Best for complex corporate and high-net-worth situations.
- Specialist cross-border firms: some boutique firms specialize in US-Cayman or UK-Cayman tax planning.
- Your home country advisor: consider keeping your existing tax advisor for home-country filings and adding a Cayman advisor for local matters.
- Budget: $2,000-$5,000/year for individual tax compliance. $5,000-$20,000+ for complex situations.
- Start early: engage tax advisors 6-12 months before your move, not after.