Yes a foreigner can open a bank account in the Cayman Islands. Each bank has a different application process but its fairly straight forward although you do have to comply with the banks’ due diligence procedure. We have several retail banks in Cayman, including Butterfield Bank, Cayman National Bank, Royal Bank of Canada, Scotiabank and First Caribbean. Please do search our Business directory for further information and links to Banks in the Cayman Islands.
The simple answer is yes, non-Caymanians can indeed take out mortgages in the Cayman Islands. The lending rate in Cayman tends to be fixed to the U.S. lending rate +/- a point or two! All the retails banks offer mortgages to qualified borrowers. Click on the links in the business directory to get full information on Cayman Islands Banks.
Yes you can, provided you meet the specific criteria of the bank. We would suggest that you go to our business directory to find a bank and contact them directly. Also check our Cayman Islands Business Directory under the heading of Company Management as there are several firms who specialize in incorporating companies for overseas clients. They can register a company for you, provide registered offices and in some cases provide Directors or Secretarial Services.
Yes its possible to get a Cayman credit card as a non-Cayman resident, however we strongly suggest that you get in depth information from the retail banks in Cayman to tell you how to go about it. They all have excellent websites with in-depth information which should be able to answer all your Cayman Islands Credit Card questions. Click on the links in the business directory to get full information on Cayman Islands Banks and other financial queries.
