Cayman Islands: In North America, it is an overseas territory of the United Kingdom in the western Caribbean of North America. It consists of three islands, one is Grand Cayman, one is Little Cayman, and one is Cayman Brac. In the world, the Cayman Islands is a financial center, which is deeply loved by big companies and is called a "tax haven". The three most famous companies in our country, Alibaba, Baidu, and Tencent, have all chosen to register there.

Although Alibaba, a multinational company, is registered in the Cayman Islands, you don't have to worry about them being able to evade national taxes, because they are operating in the form of a group. In the Cayman Islands, it can be said to be a shell company, but it has the controlling rights of the group. The registered place of the subsidiaries under the group is still in our country. Take Alibaba for example, its Taobao, Tmall, and Ele.me are all registered in our country, and they still have to pay taxes to the local government.