10 Best Countries for Offshore Banking

Page 6 of 11

6. Cayman Islands

Bank Score: 2 FSI Score: 17 Total Score: 19
(FSI Score breakdown: FSI Rank: 5; FSI 1,013.1)

The Cayman Islands, another Overseas Territory of the United Kingdom, operates within the UK with significant autonomy in fiscal issues, the fact they have managed to use to their benefit. The Cayman Islands offshore paradise begun as a shady shelter for laundering drug money from nearby Latin and South America. They have slowly distanced themselves from drug lords, moved up in the world, and are now considered a legitimate offshore location.

Best Countries for Offshore Banking

Anna Jedynak/Shutterstock.com

Page 6 of 11