Comment by thrill
2 years ago
There's a reason the Cayman Islands have two-thirds of the world's hedge funds incorporated there. It has a long and stable financial history and has stated that any structural financial changes will be grandfathered where legally possible. That sort of stability is worth the $100/month it takes to keep an international business there.
But to be fair, none of those hedge fund’s employees are employed by the caymans entity, and the only reason they are not in the US (at least for US hedge funds) is to accept non-taxable us investors and foreign investors, U.S. taxable investors typically invest through a Delaware LP.
Do you have more info about the $100/month to keep a business there? Is that a third-party service or is it an official fee to keep a company on the register?
I see your point, but do you actually know any big, international startups that are incorporated there? I only know if Brave (the browser).