Doing Business in Cayman Islands
As a self-governed British crown colony, 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, and expats should be aware of the courteous attitude that dominates the islands.
Office hours are 8am to 5pm and banking hours are from 9am to 4pm, Monday to Friday.
The language of business is English.
Business attire is generally quite casual on the islands, however business suits should be worn when meeting bank executives, senior officials and heads of business, and when attending business functions.
Gifts are not commonly exchanged, but if giving a gift something inexpensive is appropriate.
While women can be found in the workplace and more are reaching senior positions, gender inequality still tends to exist.
Business culture on Cayman Islands
Cayman Islands are a matriarchal society, where family and respect for authority and seniority are very much commonplace. Often the manager of a company will take on a paternalistic position, looking out for employees that extends beyond a professional sphere.
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.
Caymanians are polite and conservative people, therefore confrontational behaviour or an overly-familiar attitude is frowned upon.
Attitude towards foreigners
As a large part of the population is made up of foreigners, expats should not encounter any problems with how foreigners are treated.
Dos and don’ts of business
Don’t be late. Punctuality is valued.
Do be courteous and polite at all times.
Don't be over-familiar with people who have just been introduced.