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Tax Haven Travel: It's Time to Check On Your Billions in the Cayman Islands

September 28, 2008 at 2:36 PM | by | Comments (0)

While the U.S. credit crisis and slumping stock indexes have many consumers cutting back on spending, the mega-rich among us see no reason for restraint. After all, what's a few million dollars when you're sitting on billions of euros, pounds, and rubles? But with cooler weather approaching, it might make sense to plan a visit to your favorite tropical tax haven, just to make sure everything's still hunky dory. As a service to our billionaire readers - as well as those whose big financial plans will come to fruition any minute now - here are a few tips on maintaining your impeccable standards while you tend to your secret riches in the Cayman Islands.

Unless you arrive in your luxury yacht, the Ritz-Carlton will have to do, accommodation-wise. But while it might sting a bit to share a hotel building with other guests, you'll at least be close to the island's finest restaurant, Blue by Eric Ripert. The guy who made Le Bernardin into the most highly-praised restaurant in New York brings his culinary magic to this Caribbean paradise, where the seafood is almost as enticing as the absence of capital gains taxes.

It's true that suntans used to be for common people, but nowadays the rich enjoy a little bronze color as well, especially when it's cold up north. Have your attendants carry you to nearby Seven Mile Beach, where you'll find powdery white sands, turquoise waters, and a notable lack of souvenir touts.

If you left your luxury submarine at home, you'll have to roll with the plebs on an undersea adventure from Nautilus Undersea Tours or Atlantis Adventures. It's a fine way to see the famous Cayman Wall without getting wet, and who knows, you might find a new place down there to stash some assets.

For that perfect expensive souvenir, drop by Bernard Passman, whose black coral creations have proven popular with celebrities, jet-setters, and even the British royal family.

Yes, Grand Cayman is a most pleasant place to find shelter from greedy world governments and their tax collectors. You'll come for the bank secrecy, but you'll stay for the sunshine and surf.

[Photo: AP]

Related Stories:
· Cayman Islands Guide [Frommer's]
· Cayman Islands Travel Guide [Fodors]
· Billionaire Travel Coverage [Jaunted]

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