As a self-governed British crown colony, the 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 in the Cayman Islands, 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, but formal suits should be worn when meeting bank executives, senior officials and heads of business, as well as 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 exists.
Business culture in the Cayman Islands
The Cayman Islands is a society where family and respect for authority and seniority are very much commonplace. Often the manager of a company will take on a protective position, looking out for employees beyond the 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, so confrontational behaviour or an over-familiar attitude is frowned upon.
Attitude towards foreigners
As a large part of the population is made up of foreigners, expats should expect to be welcomed and not encounter any problems.
Dos and don’ts of business
Don’t be late, as punctuality is valued
Do be courteous and polite at all times
Don't be over-familiar with people who have just been introduced