I have been Board Member in a Offshore Bank in Grand Cayman.
Usually, reading the daily newspapers or listen to specialized people speaking on tv programs, we feel completely confused about the real, physical existence of those so called Tax free Paradises, as they only exist in the cyber space.
Today, i have the tremendous challenge to show that ... offshores do exist in our real World.
Once upon a time, I mean, some years ago, I have been working for the lounge of a Offshore Unit, a local Offshore Bank in Cayman Islands.
Nothing wrong, nothing special because, there was no money laundry, no black money, no bad or suspicious operations. Everything legal, everything according with banking laws and rules.
In fact, i am not a fan of offshore activities, of offshores banking operations as far as those facilities became a way of doing very bad things and everything bad for the human behaviour.
But, the essence of offshores is " a way to place funds of non resident people, with lower or without tax rates."
I have been , there, the founder of local Bank, a offshore Bank, just to place the funds related with the portuguese workers remittances , people based in central european countries, to take advantage of lower tax incidence.
So, as I have been Executive Board Member, I have been in Grand Cayman for several times and I can tell you, today, that Offshores do really exist, not only in our minds, not only in newspapers , not only in the politics debates.
The problems with offshores are the billions of billions of us$ , EUR, yenes, and lots of other currencies that are not identified, which origin is dark and the destination is so black as the origins.
Millions of millions of non identified operations related and suppoting corruption, fraud all over the world and supporting wars, faim , crimes and very sad stories.
To give such a fiscal advantage to those funds becoming from honest trade or savings, it was not necessary to have offshore units. But, those purposes have been the mask for the dark side of that moon, the money loundry of corruption and criminal business.
In Grand Cayman, one of the best places to stay is the Yatt Hotel with this superb colonial style building and gardens.
The day begins with the usual good breakfast but in the restaurant we can see a lot of guests dressed ready to go to the privat beach and one or two half dressed to go to business meetings...!
Real birds use to land on your table and pic some of your food.
The hotel has a private beach plenty of white sand and burning sunshine. (Na foto, TShirt do Belenenses)
The Cayman Island Monetary Authority is a normal building, not so different from a european medium or low level importance bureau building.
The local port, just in the center of the town, is plenty of new people , each day, arriving early morning in the Royal Carebean Cruises or others, ready to discover the island, going for shopping or diving. diving with the Rayes is a real paradise.
The waters are mild or hot and it is usual to have a strong five minutes rain, suddenly, even if the sun burns such an intensity.
Later, in the evening, before going to rooms, a short stay in the lobby bar of the hotel or in a local restaurant is recommended to have a nice to taste of the local Tartuga Rum, or Capitain Morgan Rum.
I have been in Grand Cayman for five a lot of times and, I always have enjoyed
diving.
Diving among the colored fishes, rayes and corals, is really
amazing.
For diving, Cayman Island, Grand Cayman, is perfect paradise !