Domain Portfolios in the Cayman Islands

[antonis12]

I have noticed that many large domain portfolios are held in the Cayman Islands.

I will go out on a limb here and assume that the reason that they are held there is for favorable tax treatment. (!)

Obviously for most of us this is irrelevant (my $10/month from Sedo does NOT exactly justify an off-shore holding vehicle!) but I was curious if anyone knew *specifically* what the tax benefits are for US-based entities?

 

[JMJ]

Advantages of a Cayman Islands Bank Account

* No capital gains tax, Corporation Tax, withholding tax, property tax, payroll tax, or income tax payable by employees.

* Absence of exchange control, allowing free transfer of funds in and out of the Islands, in any currency, with equal freedom to open and maintain accounts in any currency.

* No reserve asset requirements.

* Statutory confidentiality of client information.

* Competitiveness in the Euro currency markets.

 

[Riceman]

A few big PPC players are based out of there, nameadmin etc..