The Cayman Islands is the most populous self-governing British Overseas Territory in the western Caribbean Sea. The three islands of Grand Cayman, Cayman Brac, and Little Cayman make up the 264-square-kilometer (102-square-mile) territory, which is situated south of Cuba and northeast of Honduras, between Jamaica and Mexico's Yucatán Peninsula. The capital city is George Town on Grand Cayman, the largest of the three islands.
The Cayman Islands are regarded to be part of both the Western Caribbean Zone and the Greater Antilles. The territory is a key global offshore financial hub for foreign firms and affluent people, owing to the state's refusal to tax any revenue produced or stored.
The Cayman Islands boasts the greatest quality of life in the Caribbean, with a GDP per capita of $91,392. The economic prosperity of the area draws numerous employees from all over the globe. The Cayman Islands are home to immigrants from over 130 nations and territories.
Employees with up to four years of experience are entitled to two weeks of paid voluntary leave. For up to ten years of service, this rises to three weeks. This rises to four weeks after ten years.
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Employees are entitled to ten days of entirely paid maternity leave, and after three days of absence, they must have a medical certificate.
After a year of service, female workers are entitled to 12 weeks of maternity leave, which is prorated if they have served less than a year. The first 20 days was entirely charged, followed by a half-pay reminder. They will decide how much time off they can take before and after the deadline. Maternity leave is paid for by the company.
For an infant under the age of three, they are often entitled to nine weeks of adoption leave.
There is no statutory paternity leave in the Cayman Islands laws.
Other than the already mentioned terms regarding maternity and paternity leaves, there are no other provisions regarding parental leave in the Cayman Islands.
Employers have the option of terminating employees upon the expiration of their fixed-term contract or by providing notice. When an employee commits misbehavior that is not severe enough to justify dismissal, the employee may get a written warning; if the employee commits misconduct again within a year, the employer may terminate the employee's employment. If an employee believes their dismissal was unjust, they may submit a complaint with the company's director within 90 days after the dismissal, and a labor tribunal will evaluate if the dismissal was justified.
A month's notice is typically necessary.
The probation period is capped at six months and can be extended once. However, it can be terminated at any time.
Severance pay is paid to employees with one year of service. Pay is one week for each year of service, up to a maximum of 12 weeks.
The standard workweek is 45 hours long and has a daily maximum of nine hours. Each week, employees receive a 24-hour rest period and a 30-minute break after five hours of work.
Overtime is typically compensated at a rate that is a percentage higher than the regular rate.
The National Minimum Basic Wage is 6.00 Cayman Islands Dollars per hour for the majority of employees, and 4.50 Cayman Islands Dollars per hour for service employees of an employer with a registered gratuities scheme.
Employers are required to provide Standard Health Insurance to their employees, and the expense is shared equally by the employees.
Cayman Islands is a tax-free jurisdiction. Corporations are not subject to income, capital gains, profit, or other types of direct taxes, regardless of their residency status.
Cayman Islands is a tax-free jurisdiction. Corporations are not subject to income, capital gains, profit, or other types of direct taxes, regardless of their residency status.
Cayman Islands is a tax-free jurisdiction. Corporations are not subject to income, capital gains, profit, or other types of direct taxes, regardless of their residency status.
The Cayman Islands government establishes and enforces entrance requirements. Contact the embassy, high commission, or consulate of the nation or territory to which you are going for further information. Check with your transportation provider or travel business to ensure that your passport and other travel papers fulfill their criteria.
The Cayman Islands' airports are presently operational, with frequent scheduled flights to a variety of destinations, including the United Kingdom through the Bahamas, the United States, Jamaica, and Honduras.
The Cayman Islands entered Phase 4 of their border re-opening strategy on November 20, 2021. Certain travelers are now excluded from quarantine and must instead submit to lateral flow testing on days 2, 5, and 10. Rules have also been changed about who may go to the Cayman Islands, how to apply for entry, and what immunizations are permitted.
The COVID testing timetable was adjusted on December 17, 2021, to no early than the day before flight. This replaces the prior 72-hour pre-travel testing schedule. It is permitted to give an authorized test (PCR or LFT) after midnight the day before departure. All travel-related testing is at the traveler's expense.
'Departures' include any connecting flights or transit flights to the islands if the stopover time is shorter than 12 hours.
Employers are required to furnish workers with a formal employment contract within 10 days of hiring them. It must include information on yearly leave, sick leave, and maternity leave, as well as the probation term, notice period, work hours, and health and safety.
Employers may utilize fixed-term contracts with a specified start and end date for workers. They may also utilize indefinite contracts, where the job is permanent when the trial time is finished satisfactorily.
Cayman Islands Dollar (KYD)
United States Dollar (USD)
