Cayman Islands private banks typically require $1-5 million USD minimum, with ultra-high-net-worth services starting at $10 million. Requirements include comprehensive due diligence, proof of funds source, and often introduction through existing clients or professional advisors.

Cayman Islands provide zero income tax, capital gains tax, withholding tax, or inheritance tax. This creates maximum tax efficiency for wealth accumulation, though clients must comply with tax obligations in their residence jurisdictions.

Yes, Cayman Islands private banking operates under strict regulatory oversight by CIMA (Cayman Islands Monetary Authority). Banks must comply with international standards including FATCA, CRS, and anti-money laundering regulations, ensuring full legal compliance.

Cayman private banks provide investment management, trust services, estate planning, multi-currency banking, offshore structuring, family office services, and access to alternative investments including hedge funds and private equity.

Opening requires substantial minimum deposits ($1-5M+), comprehensive due diligence documentation, proof of funds source, professional references, and often personal introduction. The process typically takes 4-8 weeks with full compliance checks.

Cayman combines zero taxation, financial privacy, political stability, world-class regulation, sophisticated banking infrastructure, and access to alternative investments. It's particularly attractive for hedge fund investors and complex international wealth structures.