In this enduring environment there is very little government intervention in the economy.  In fact, the administration works in close harmony with the private sector to provide a business-friendly environment and legislation that is responsive to the needs of the financial industry.

The Cayman Islands has never had income taxes- corporate, personal, capital gains, or otherwise - of any kind and the government is committed to keeping this tax-free environment which has existed since the 1700's.  Revenues from consumption-based sources fund the operations of the government.

Over the years an excellent relationship has been developed by the Cayman Islands with international regulatory bodies including those in the United Kingdom, United States and Canada.  The Cayman Islands adheres to the G7 Financial Action Task Force's 40 recommendations and to the standards of the Basle Committee on Banking Supervision. Cayman has also played a leading role in the Caribbean Financial Action Task Force.