SOURCE: CML Offshore Recruitment

August 05, 2008 17:16 ET

Cayman Islands Jobs Overshadow London Pay Claims

GEORGE TOWN, CAYMAN ISLANDS--(Marketwire - August 5, 2008) - British job seekers who might be considering a move to London to benefit from high salaries are being encouraged to try securing a job in the Cayman Islands.

Research by allthetopbananas.com has shown that London salaries are £11,000 higher than the average in the rest of the UK. But jobs in Grand Cayman and jobs in Bermuda can top that, according to CML Offshore Recruitment.

Employers on the Caribbean islands offer some of the highest salaries in the world -- and they are completely tax free -- mostly accounting jobs in the Cayman Islands.

Every year many of the UK's brightest and best legal, accounting and banking talent move offshore, chasing the promise of a better life.

CML chief executive Steve McIntosh said: "Salaries in Grand Cayman and Bermuda are extremely competitive and the fact that little or no tax deductions puts net salaries far in excess of what can be expected in London. In fact, legal jobs in the Cayman Islands prove to be the most lucrative.

"Candidates who make the move find that there is also a more conducive working environment where the number of hours worked isn't the most important thing."

Booming economies in the global offshore markets are providing increased job opportunities overseas -- and they are expected to attract more British candidates as the UK economy flounders.

Cayman residents enjoy one of the highest standards of living in the world and a very un-British sub-tropical climate with year-round temperatures averaging 28 degrees.

CML Offshore Recruitment, established in 2003, is the world's largest offshore specialist recruitment consultancy and temping agency offering Legal, Accounting, Administrative and IT Jobs in Bermuda, the Cayman Islands, the BVI, Dublin, London, Dubai, Hong Kong, the Channel Islands, Zurich, Luxembourg, and Singapore. We are the preferred supplier to some of the offshore world's most prestigious financial services and law firms. Every year we help hundreds of professionals continue to develop their successful careers in jurisdictions around the world.

For more information go to www.cmlor.com

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