* Playroll continues to analyse immediate opportunities and fulfilled roles by recruitment partners, contractors and employers to identify in-demand jobs.

Capital City
George Town
Currency

Cayman Islands Dollar ($)

Timezone

EST (GMT-5)

Payroll
Monthly
Employment Cost

Annual Leave

14 days

In-demand Specialties*
Financial Services, Hospitality and Tourism, Construction and Real Estate

The Ultimate Guide to Hiring Employees in Cayman Island

Simplify hiring employees in by partnering with Playroll. Our Employer of Record (EOR) handles hiring, onboarding, payroll, taxes, immigration, benefits administration, and compliance. While you maintain control of day-to-day tasks and responsibilities.

hiring-in-Cayman Island-guide

Key Considerations Before Hiring In Cayman Island

Employing in Cayman Island requires employers to own a legal entity in the country and manage payroll, tax, benefits and compliance through their own in-country resources. Grow your team in Cayman Island with our Employer of Record solution, ensuring streamlined, compliant business expansion with no entity.

Playroll allows you to hire employee's in Cayman Island quickly, easily and we even automate tax document collection, benefits, payroll and more.

Good To Know

The Cayman Islands is a global financial hub with a well-established financial services industry, offering opportunities for businesses in banking, investment, and insurance sectors.

Cayman Island boasts a tax-friendly environment with no direct taxes on income, making it attractive for businesses and employees seeking financial benefits.

The islands have a diverse workforce comprising local residents and expatriates, providing a multicultural and multilingual environment.

Despite its size, the Cayman Islands maintain a stable economy, backed by its financial sector and robust tourism industry, offering a stable business environment for growth and development.

playroll-good-to-know

Fundamental Aspects of Employment in Cayman Island

Probationary Period in Cayman Island

Working hours in Cayman Island

Overtime in Cayman Island

Navigating Key Aspects of Payroll in Cayman Island

Cayman Island has a robust and complex payroll and tax system, and as an employer, it pays to understand payroll process basics.

Fiscal Year in Cayman Island

Payroll Cycle in Cayman Island

Minimum Wage in Cayman Island

Minimum wages and salaries in Cayman Island

Bonus Payments in Cayman Island

Comprehensive Overview of Employment Taxes in Cayman Island

Understanding the tax obligations for both employers and employees is crucial when operating in Cayman Island's business landscape. This section explains how taxes and statutory fees affect payroll and individual earnings in Cayman Island.

Employer Tax Contributions

Employer payroll contributions are generally estimated at an additional on top of the employee salary in Cayman Island.

Tax Rate Tax Type

Employee Payroll Tax Contributions

In Cayman Island, the typical estimation for employee payroll contributions cost is around .

Tax Rate Tax Type

Individual Payroll Tax Contributions

Tax Rate Income Bracket

Pension in Cayman Island

The tax-related information provided in this guide is intended for general guidance and informational purposes only. Reach out to our dedicated team for insights on remote hiring in Cayman Island tailored to your needs.

Easily navigate payroll, taxes and contributions with Playroll.

Grow your distributed workforce today!

Understanding the Protocols for Termination of Employment in Cayman Island

When it comes to terminating employment in Cayman Island, understanding the legal obligations regarding severance pay and contributions is essential. Below is a detailed overview of the key considerations for both employers and employees.

Termination Process

Notice Period

Severance Pay

Annual Leave Entitlements and Company Policies in Cayman Island

The annual leave entitlement in Cayman Island is 14 days for a full time worker. These can include public holidays on top of that or within those days, which would otherwise be unpaid.

Public Holidays in Cayman Island

Holiday Date

Paid Time Off in Cayman Island

Maternity Leave in Cayman Island

Paternity Leave in Cayman Island

Sick Leave in Cayman Island

Parental Leave In Cayman Island

Cayman Island's Benefits Built Into Playroll

Competitive benefits package in Cayman Island

Playroll is committed to providing tailored, competitive benefits packages that are designed not only to attract but also retain top talent worldwide. Our global team of benefits experts build custom local packages to ensure your employees in Cayman Island's needs are met. Typically our packages contain some or all of the following benefits.

Health Insurance
Pension or 401k
Life and Disability Insurance
Vision Insurance
Dental Insurance
Discounts & Perks

Playroll Supplementary Benefits For Employment In Cayman Island

Make your benefits package in Cayman Island a talent magnet with Playroll's local plans. We offer benefits that are compliant, comprehensive, and flexible — all at competitive rates. Speak with our local territory experts to explore the localized benefits we can offer you, while you scale your team.

Statutory benefits for employment in Cayman Island

Playroll allows you to provide localized benefits for employees in Cayman Island within minutes. All in one manageable online dashboard. If you'd like specific information about our benefits packages in Cayman Island create an account or contact our global expansion team, today.

Playroll Benefit Services

Playroll's Expertise in Facilitating Work Visas for Cayman Island

At Playroll we're all about empowering employees to work anywhere, making mobility possible for global teams. We sponsor visas and hire the employee for you, so you don’t have to worry about payroll, taxes, and more.

It's important to note, visa support can be complicated. There are many variables that affect whether sponsorship is possible, including one’s nationality, education, marital status, and the immigration policy for the country in question.

Unfortunately, this means we can’t support visas everywhere - with that being said, we handle the entire visa process in-house, and dig into your situation to give you an overview of what to expect if we're able to help with visa sponsorship in Cayman Island.

Playroll Immigration Support

Integrated EOR Platform

Legal and compliance experts are readily available to provide guidance and case-by-case Q&A support.

Accelerated Immigration Timeline

By leveraging dedicated support from in-house legal and compliance experts for case by case questions and more.

Hire in 50+ Countries

Accelerated Immigration Timeline

Acquiring a visa without an entity has never been easier, leverage Playroll's global coverage to sponsor and hire employees.

Playroll Visa Services

Hiring International Employees is Complex.

Playroll makes it easy!