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A Cayman Bank Account Just what is a Cayman bank account? Some are, as might be expected, multi-million dollar accounts, while others are much smaller in scale. Both take advantage of the tax-free status and confidentiality laws. These laws protect all reputable transactions as a means for earning tax-free interest. You can open an account once the Caymanian bank receives a reference from your home banker, then you can deposit funds (in US dollars, if you like). Unlike some countries, there is no exchange control and
your money can be moved in and out of the country freely and privately.
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