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> The reason most foreign investors use Caymanian intermediaries is actually just that transparency, particularly when they’re being scrutinized by foreign regu
by PragmaticPulp 3y ago
> The reason most foreign investors use Caymanian intermediaries is actually just that transparency, particularly when they’re being scrutinized by foreign regulatory bodies and don’t want their money to disappear into a Delaware numbered company.
> It is, however, a particularly easy place to keep global funds in a law abiding and transparent way.
I don’t doubt that Cayman is strict for individuals like yourself opening bank accounts, but the regulations on companies are a different story. It’s a well-known tax haven on the global scene.
- deleted 3y ago[deleted]
- nickff 3y ago>"FTX very deliberately chose the Cayman Islands to stay out of the reach of stricter regulatory bodies." FTX chose The Bahamas.
- DelaneyM 3y agoThere’s tax mitigation and tax avoidance, and I feel like you’re conflating the two. If your country allows a company to locate money somewhere else and not be taxed on it, that’s on your county, not on us. The best we can do is make sure it’s visible, which we do.
- deleted 3y ago[deleted]