Asset Protection
Any type of income earning asset can be acquired by a Cayman corporation with immediate advantages. The income earning assets that can be held by a Cayman Islands Corporation may be of the following types:
- Fixed Term Deposits;
- Real Estate and Commissions;
- Stocks in Private Companies;
- Listed Stocks and Securities;
- Patents, Royalty Agreements and Contract Rights
- Sea Going Vessels and Aircraft
The income received from the assets acquired by a Cayman Corporation is free of tax in the country. The corporation is a continuing entity, so the assets transferred to the Cayman corporation are not subject to death duties.