Ugland House

Located at 121 South Church Street, the building is occupied by the law firm Maples and Calder[1] and is the registered office address for 40,000 entities, including many major investment funds, international joint ventures and capital market issuers.

[2] During his first presidential campaign, U.S. President Barack Obama referred to Ugland House as "the biggest tax scam in the world", raising questions over the number of companies with a registered office in the building.

[5] In 2008, the United States Government Accountability Office (GAO), an independent body of the U.S. Congress, investigated the nature of entities registered in the Cayman Islands and at Ugland House.

[8] In addition, the GAO report explained how U.S. government trade promotion agencies use the Cayman Islands and entities registered at Ugland House.

The Export-Import Bank told the GAO that it has used the Cayman Islands to support the sale of aircraft manufactured in the United States.