Thursday, October 30, 2008

Hide and seek

If everyone could, they'd want to work and live in Cayman. And why not? A year round hot climate, pristine beaches, and not to mention a strong currency (which is worth more than the USD) coupled with a tax free jurisdiction. Literally tax free, unlike Bermuda, which does have a payroll tax (of 14%) in place. So, yes anyone would live & work here, if they could. Every so often you will hear about visitors defuncting on their visit visas to go in hiding only to become illegal. So, I say stop and wait just a minute. It's Cayman with a population of 60,000, so where are you really going to hide? This island is only so big before you will get caught and caught you do. Immigration here is on top of illegals and are quite successful in catching and rounding them up, no matter how long it takes. Most times defunctees are from Cuba, some from Guatemala or Nicaragua. Of course, the public does assist in spotting them out, so yet again I ask, where are you going to hide? Well, where can you hide, when most of the island is on the look out for you, like you've got thousands of bounty hunters on your back, but you just don't know it. Yet!

7 comments:

John said...

Gee, didnt know about the Bermuda tax. And geez, you think Immigration is that good. I think some illegals are probably living behind their office!

jks said...

Unfortunately, Cayman is hardly "tax-free".

If you've ever looked into purchasing real estate you'll quickly discover stamp duty and mandatory all-risk property insurance that costs more than real estate taxes in the US.

Then there's the high cost of CUC, water, long-distance calling, import duty, exchange rate, food, shipping, airfare, immigration etc. etc.

Of course none of this would stop me from moving if only I could afford it! So I just visit..

ms cute pants said...

John, something you know you're not telling???? :o) And yes payroll tax in Bermuda is split between the employer who pays 11% and employee who pays the rest. It's not much but still, when you think you're getting tax free $ it's nice for it to be completely tax free, instead of an unwanted deduction!

JKS: Actually most of the taxes you've mentioned exist yes in America and in Canada as well BUT I was referring to INCOME TAX, which is non existent here. And the salaries are quite competitive, depending on your field which in spite of the other duties and taxes you mentioned, still makes it an attractive place to want to work and reside in.

bermudabluez said...

I guess I am stuck with just visiting! And looking at your awesome pictures!!!

Mad Bull said...

You really think that people are really watching out for illegals so much? Anyway, we need to talk about a blogger linkup, see here : http://www.madbull4.net/wordpress/2008/11/ive-met-another-one/

MS CUTE PANTS said...

BB: Then visit you SHOULD!!!

MAD BULL: I'd like to think so...
Haha a meet up would be great but I am not sure if I want my identity revealed!!! heheh just kidding. I already ran into RI.

owen said...

no mountains!