CARIBBEAN

Relocation & Recruitment Advice

If you are interested in expanding your business or considering relocating to a paradise island, then contact our Caribbean Executive Search team who can help you make the right choice. With a diversified financial sector, Caribbean offers opportunities in a range of sectors, including asset management, private banking and insurance, stock exchange, estate planning, accounting, insolvency, hedge funds, securities and compliance.

If you are interested in working in the Caribbean please peruse the information provided for you below or contact us to discuss further options.

Our Caribbean Executive Search services are experts in legal and financial recruitment for the following locations: Bahamas, Bermuda, British Virgin Islands, Cayman, Curaçao, Nevis and Turks & Caicos.

OVERVIEW

Covering an area of approximately 1,063,000 square miles, the Caribbean is a region that includes the Caribbean Sea and islands within it as well as those along the coastline (total around 7,000). It is broadly divided into four regions: the Bahamas, the Greater Antilles, the Lesser Antilles and the Netherlands Antilles.

Culturally and historically diverse, the Caribbean has one of the most politically complex systems in the world. Depending on the colonial history, Caribbean countries exhibit significant structural and constitutional variations- some of the islands are dependencies of either the UK, the US, the Netherlands or France, while others are largely sovereign nations.

The overall economy of the Caribbean heavily depends on natural resources, trade, agriculture and tourism.

Over the past few years, the financial services sector has emerged as a leading contributor to the gross domestic product (GDP). With political stability and strong regulatory framework, the Caribbean has developed a robust financial industry, which allows global firms to invest in a business-friendly market.

Several Caribbean countries also enjoy the global reputation as tax havens, providing investors with tax-free or low tax business environment.

Our Caribbean Executive Search services are experts in legal and financial recruitment for the following locations:

Turks and Caicos

Bahamas

Curacao

Bermuda

BVI

Nevis

Cayman

WHY CHOOSE THE CARIBBEAN

The Caribbean is home to many off-shore financial centres, and many companies have their off-shore domiciles in places like Bermuda, BVI and Nevis. Financial services such as insurance, reinsurance, hedge funds and investment thrive on these beautiful islands, where tax rates tend to be low and English is widely spoken (in many places it is the national language). Caribbean islands offer incentives to draw international business so many companies benefit from 0% capital gains tax, and some locations such as the Turks & Caicos have no direct taxation at all. Most of the larger international audit firms are represented already in the Caribbean, particularly in Curaçao.

This region is one that businesses should take into consideration when planning global expansion. Living standards are high, and skilled immigrants often find that their salaries double, triple or more on moving. The Cayman Islands have the highest standard of living in the Caribbean, but conditions are good across all the islands. The island lifestyle means that those moving from small communities will settle in easily - the short commutes and small teams will be familiar - while those from busier cities will appreciate the slower pace and quality of life. With the addition of the climate and beaches and the good standards in education and healthcare (for example Barbados' literacy rate is close to 100%), the reasons to consider the Caribbean are endless.

Visas: Work visas are required but entry is generally straightforward, particularly for British and European citizens. Most of the islands are keen to encourage foreign business so workers with employment or skills can obtain visas, however, advice should be sought as some restrictions do apply.

REQUIREMENTS TO SET UP A COMPANY

This region is one that businesses should take into consideration when planning global expansion. Living standards are high, and skilled immigrants often find that their salaries double, triple or more on moving. The Cayman Islands have the highest standard of living in the Caribbean, but conditions are good across all the islands. The island lifestyle means that those moving from small communities will settle in easily - the short commutes and small teams will be familiar - while those from busier cities will appreciate the slower pace and quality of life. With the addition of the climate and beaches and the good standards in education and healthcare (for example Barbados' literacy rate is close to 100%), the reasons to consider the Caribbean are endless.

REQUIREMENTS FOR EMPLOYEES WISHING TO RELOCATE

Visas: Work visas are required but entry is generally straightforward, particularly for British and European citizens. Most of the islands are keen to encourage foreign business so workers with employment or skills can obtain visas, however, advice should be sought as some restrictions do apply.

CARRIBEAN RECRUITMENT SPECIALISTS

Gina Le Prevost FIRP DipRP

CEO, Global