Doing Business in the Cayman Islands

As a self-governed British crown colony, the Cayman Islands is a conservative and modest society, which is reflected in how business is done.

Respect for authority and those in senior positions is vital when doing business in the Cayman Islands, and expats should be aware of the courteous attitude that dominates the islands.

Fast facts

Business hours

8.30am to 5pm, Monday to Friday.

Business language

English.

Dress

Business attire is generally quite casual on the islands, but formal suits should be worn when meeting bank executives, senior officials and heads of business and when attending business functions.

Gifts

Gifts are not commonly exchanged, but if giving a gift, something inexpensive is appropriate.

Gender equality

Though there are laws guaranteeing gender equality in the workplace, including equal pay, women still face significant challenges in this area.

Business culture in the Cayman Islands

The Cayman Islands is a society where family and respect for authority and seniority are very much commonplace. Often the manager of a company will take on a protective position, looking out for employees beyond the professional sphere.

Greetings

It is normal practice to shake hands with business contacts. People are addressed by their titles and surnames. Business cards are usually exchanged after a meeting.

Communication

Caymanians are polite and conservative people, so confrontational behaviour or an over-familiar attitude is frowned upon.

Attitude towards foreigners

As a large part of the population is made up of foreigners, expats should expect to be welcomed and are unlikely to encounter any problems.

Dos and don’ts of business

• Don’t be late, as punctuality is valued
• Do be courteous and polite at all times
• Don’t be over-familiar with people who have just been introduced