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Financing, investment and government support
Government support
Does the government provide any incentives or support programmes to promote fintech innovation in your jurisdiction (eg, tax incentives, grants and regulatory sandboxes)?
The government has established the special economic zone, which enables technology companies from outside the Cayman Islands which operate offshore with a genuine physical presence to be exempt from tax.
Has the government concluded any international cooperation agreements to promote and facilitate the cross-border expansion of fintech businesses?
Not applicable.
Financing and investment
What private financing and investment schemes are available and commonly used for fintech start-ups in your jurisdiction?
Private financing or investment may be available from local angel investors or high-net-worth individuals. In addition, the government is supportive of the sector via Cayman Enterprise City and its associated projects.
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