Cayman Islands: How they became a tax haven, how to open an account

It was deep in the night of February 7, 1794, in Boden Town, the only settlement on Grand Cayman, the largest of the three Cayman Islands. The storm was raging and residents were locked in their homes. Suddenly, they heard the church bell ring. This rarely happened, only in times of great danger. The watchman, always present on the nearby hill, could see a convoy of ships crashing onto the coral reefs to the north of the island. The reefs were cutting like razors, the ships were taking on water and beginning to sink.
The inhabitants, braving the bad weather, threw themselves into the boats to save as many as they could. With their experience of the waters, they managed to save many. As it turned out, the convoy consisted of British merchant ships. And in one of them, according to legend, was one of King George III’s sons, who of course was saved.

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