The Cayman Islands is located 268 kilometers northwest of Jamaica and 640 kilometers south of Miami in the Western Caribbean Sea, belonging to the British territory. The Gaiman Islands is one of two offshore jurisdictions accepted by the Hong Kong Stock Exchange for listing in Hong Kong.
Cayman Islands legislation is based on English common law. There are two types of companies: exempted companies (Exempted) and non-local companies (Non-Resident). An exempted company is a more popular form of registration. It does not need to add "Limited" at the end of its name, and can apply for a tax exemption certificate valid for up to 20 years, thereby further enhancing its tax advantages.