Is there income tax in the Cayman Islands?

No. The Cayman Islands has zero income tax, zero capital gains tax, zero corporate tax, and zero inheritance tax. It is one of the most tax-efficient jurisdictions in the world.

How much can I save by moving to the Cayman Islands?

Savings depend on your current country, state/province, and income. For example, a professional earning $300,000 CAD in Ontario, Canada would save approximately C$106,000 per year in income taxes by relocating to Cayman.

What is the cost of living in the Cayman Islands compared to the US or Canada?

The cost of living in the Cayman Islands is generally 30–60% higher than the US or Canadian average for groceries, utilities, and dining. However, the zero income tax often more than offsets these higher costs for middle-to-high income earners.

Do I need a work permit to live in the Cayman Islands?

Yes. Non-Caymanians need a work permit to be employed on the islands. The permit is typically sponsored and paid for by the employer, costing CI$15,000–25,000 per year depending on the role category.

Move to Cayman Calculator

The Cayman Islands have zero income tax, zero capital gains tax and zero corporate tax. See exactly how much you'd keep by making the move.

🌍 Your details

Where do you live now?

Annual income (USD) Gross salary / self-employment income before tax.

Investment income (USD) Dividends, capital gains, rental income — optional.

Household size

Employment in Cayman

Employer covers work permit 100% — you pay ~10% of health insurance.

Your estimated annual tax savings

per year by moving to the Cayman Islands

📊 Tax comparison

Your current taxes

Total tax$0

Effective rate: 0%

In the Cayman Islands

Total costs$0

Effective rate: 0%

JAN

Where you live now, you work for the government until January 1. In Cayman, every dollar is yours from day one.

📈 10-year projection

potential value if tax savings are invested at 7% annual return

⚖️ The full picture

Annual tax savings+$0

Cost of living premium−$0

Work permit (est.)−$0

Health insurance (est.)−$0

Net annual benefit$0

🏠 What your savings could fund

CI$ 0 / mo

Estimated mortgage budget
Use mortgage calculator →

CI$ 0

Approximate property value
Check stamp duty →

Disclaimer: This calculator provides estimates for illustrative purposes only. Tax rates are approximate and based on publicly available 2024–2025 data. Actual taxes depend on filing status, deductions, credits and individual circumstances. Work permit, health insurance and cost of living figures are estimates. Consult a qualified tax adviser and immigration specialist before making relocation decisions.

Helpful reads:
How Much Cash Do You Really Need to Buy in Cayman? · Buying Cayman Property as an Expat — What People Get Wrong

Rent vs Buy Calculator · Mortgage Calculator · Stamp Duty Calculator