CAYMAN FINANCE NEWS

Cayman Finance responds to Netherlands blacklisting January 10, 2019 - Cayman Finance responds to Netherlands blacklisting   Cayman Finance finds as unusual a recent decision by the Kingdom of the Netherlands to break from other European Union member states to “blacklist” 21 jurisdictions, including the Cayman Islands, based simply on having a stated corporate tax rate that the Netherlands has subjectively determined is too low.   As noted by the […]
General registry reveals record-breaking statistics December 14, 2018 - The number of registered companies in the Cayman Islands reached an all-time high, according to statistics released by the Cayman Islands General Registry. At the end of September there were 106,291 active companies on its register, after a steady increase since the same time last year, which is a 7% growth over last year, with Limited Liability Companies (LLCs) representing the […]
EU’s Expanded Tax Haven Blacklist Could Apply to U.S. December 14, 2018 - The European Union plans to update its year-old blacklist of tax havens to include new criteria and an expanded geographic reach—possibly all the way to the U.S. The bloc has previously threatened that the U.S. could wind up on the blacklist, along with the likes of Guam and Trinidad and Tobago, unless it adopts stricter financial reporting standards and agrees […]
Cayman Islands Records Highest Number of Registered Companies Ever December 7, 2018 - The Cayman Islands continues to be a desirable location to do business, with the number of Grand Cayman-registered companies reaching an all-time high. According to recent statistics released by the Cayman Islands General Registry 106,291 companies were active on the registry as of September 30, 2018. This number has grown steadily since the end of 2017. Cayman Finance CEO Jude Scott expanded […]
Cayman Finance statement on the ‘Economic Substance Bill’ December 6, 2018 - The Cayman Islands Government today released the draft International Tax-Co-operation (Economic Substance) Bill, 2018 “a law to provide for an economic substance test to be satisfied by certain entities; and for incidental and connected purposes” (the “Bill”). The draft Bill is scheduled for debate in the Legislative Assembly later this month, and is expected to be passed to take effect […]

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OECD Tax Policy Representatives Visit Cayman January 10, 2019 - (L-R) Minister of Financial Services the Hon. Tara Rivers; and the Premier, the Hon. Alden McLaughlin, with Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration and Melissa Dejong, the centre’s Head of Unit for the Harmful Tax Practices / Tax and Crime, on Thursday, 3 January 2019. High-ranking representatives from the OECD Centre for Tax Policy […]
Cayman amends anti-money laundering rules December 20, 2018 - The Cayman Islands has further amended its anti-money laundering (AML) guidance, effectively broadening the scope of entities that are subject to the Cayman Islands’ AML laws and regulations. The amended guidance now sets out the conditions in which financial service providers (FSPs), including Cayman Islands investment entities, can rely on a third party service provider to perform some of their AML and […]
The current dynamics in the reinsurance market December 14, 2018 - Gerardo García, President & CEO of Barents Re Reinsurance Company, Inc., discusses the current dynamics in the reinsurance market and the rationale for the company’s decision to redomicile to the Cayman Islands earlier this year Market Dynamics Bonds and Energy have been core business lines for Barents Re for many years and we continue to look for new profitable growth […]

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