Buying Gold and Silver in the Cayman Islands

Flag of Cayman IslandsThe Cayman Islands lie in the Caribbean Seas, being formed by three main islands: Grand Cayman, Cayman Brac, and Little Cayman. The country is a British Overseas Territory and an offshore financial haven for major businesses and individual investors from all over the world. Over 100,000 companies are registered in the Cayman Islands, which has a population of a little above 60,000. Tourism is one of the main contributors to the Cayman Islands' economy. Another major sector which equally contributes to the economy is the financial services sector. The Cayman Islands is a favored destination for precious metals investors since there are no taxes and the country also offers some of the best bullion storage solutions. 

Commodity & Futures Markets in the Cayman Islands:

Cayman Islands Stock Exchange (CSX)
George Town, Cayman Islands
The CSX was founded in 1996, but the operations started in 1997. This stock exchange is completely owned by the Government of Cayman Islands. In 1999, London Stock Exchange recognized the CSX as an approved organization. Over 1000 stocks, warrants, global depositary receipts, and Eurobonds are listed on the CSX. CSX also developed a fully electronic trading platform in partnership with Bloomberg L.P.

International Bullion Depositories in the Cayman Islands:

When investing in precious metals, safeguarding your valuables is a crucial factor. Sensing the difficulty that investors have in storing and safeguarding their bullion investments, many large precious metal companies offer safe and secure storage solutions in different places around the world. The Cayman Islands is one of the top spots for investors with large holdings who are looking to spread their investments among several countries. There are many international companies which offer precious metals storage in the Cayman Islands.

Bullion Exchanges in partnership with several other gold bullion storage companies offers allocated, pool allocated and unallocated storage in the Cayman Islands in high-tech, secure vaults with top-notch 24/7 control and surveillance. Just contact us and we will provide you the safest and most convenient way to store your precious metals in the Cayman Islands.

Strategic Wealth Preservation, Ltd. (SWP Cayman Islands) 115 Printer Way P.O. Box 10055, Grand Cayman KY1-1001, Cayman Islands Phone: +1 345 640 2111

The company is a fully-integrated precious metal dealer which offers secure storage service to individuals and businesses. Also, they have partnered with major mints and US precious metals companies, including Bullion Exchanges, to provide offshore vault storage for its international clients. Since the company is an IRA Approved Depository, US clients have the possibility to store their IRA bullion goods in its secured facility. A fully segregated and insured storage is provided by Class III UL-rated vaults protected by a state-of-the-art security system.

Vaults and Bullion Depositories in the Cayman Islands:

Besides international bullion storage options, there are also local companies which offer precious metals vaults where you can securely store your items. So, if you want to buy and store gold in the Cayman Islands, take a look at the below the Cayman Islands vault options.

Byzantium Ltd. PO Box 2154, Grand Cayman, KY1-1105, Cayman Islands Phone: +1 345 947 7000

Byzantium provides secure private vaulting and safe deposit box storage. The company offers different types of storage, like individual and bulk allocated storage, and also leasing of safety deposit boxes and private vaults of various sizes. Around 450 safety deposit boxes are available for storage in a 200 square foot steel Class 3 Vault. Byzantium also has the ability to expand vaulting facilities if they are not able to meet storage requirements. The vault can be accessed 24 hours a day and private viewing rooms are available. The facility is secured by the latest technology and the valuables are completely insured. A 3-ton wheelchair accessible door guards the vaults' entrance, which is climate controlled, hackerproof and protected against theft.

Tax on Precious Metals in the Cayman Islands:

The Cayman Islands have never had any taxes of any kind - no income tax, no sales tax, no capital gains tax, no inheritance tax, or any other type of tax. There is no VAT for purchase and storage of any kind of precious metals in the Cayman Islands.

Source: http://www.swpcayman.com/cayman-islands.php
 
Since we are not tax experts, Bullion Exchanges strongly advises you to cross check with a tax professional before making any precious metals investments in the Cayman Islands. 
 

Local Gold and Silver Dealers in the Cayman Islands:

1. Artifacts Ltd. Address: PO Box 723 KY1-1103, Cayside Galleries, Harbour Dr, George Town, Grand Cayman, Cayman Islands Phone number +1 345-949-2442 Hours of Operation: Mon to Fri 9:30 am to 5:00 pm, Sat 10:00 am to 2:00 pm Services: Retail. Specialties: Antiques, Jewelry, and Coins.
2. British Outpost Fine Jewelry Address: PO Box 10063 KY1-1001, The Duty Free Centre, Edward Street, George Town, Grand Cayman, Cayman Islands Phone number +1 345-949-0742 Services: Retail. Specialties: Antiques, Watches, Coins, Diamonds, and Jewelry.
3. Cayman Islands Postal Service Address: 14 Edward St, George Town, Cayman Islands Phone number +1 345-949-2474 Services: Retail, Postal Services, and Courier Services.
4. Duty Free Ltd. on The Waterfront Address: PO Box 10063 KY1-1001, South Church St, George Town, Grand Cayman, Cayman Islands Phone number +1 345-945-2160 Services: Retail Specialties: Coins, Jewelry, Watches, and Diamonds.
5. The Gold Mine Address: PO Box 30089 KY1-1201, Seven Mile Shops, 21 West Bay Rd, George Town, Grand Cayman, Cayman Islands Phone number +1 345-949-0620
6. Island Companies Ltd Address: PO Box 10063 KY1-1001, Flagship, 70 Harbour Drive, Suite 305, George Town, Grand Cayman, Cayman Islands Phone number +1 345-640-5200 Services: Retail Specialties: Coins, Jewelry, Watches, Souvenirs, and Diamonds.

Smelters & Refineries in the Cayman Islands:

Smelters extract various metals from the ore and create refined precious metals products. Silver and gold smelting is typically conducted by a professional precious metals refinery, such as Bullion Exchanges. The Cayman Islands also has several plants where refining silver and gold are performed. Pick a gold or silver refinery listed below or allow us to help you in melting gold or silver for you:

Byzantium Ltd. PO Box 2154, Grand Cayman, KY1-1105, Cayman Islands Phone: +1 345 947 7000