CAYMAN FINANCE NEWS

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 […]
The Cayman Islands: An Extender of Value to the UK November 21, 2018 - The Cayman Islands: An Extender of Value to the UK In September 2018, Cayman Finance provided a submission to the UK Parliament’s Foreign Affairs Committee (“UKFAC”) as part of its gathering of evidence relating to the “Future of the UK Overseas Territories Inquiry”. The document contains information about the essential role of the Cayman Islands Financial Services Industry in the global […]
Cayman Finance Submission To UK Foreign Affairs Commission November 8, 2018 - In September 2018, Cayman Finance provided a submission to the UK Parliament’s Foreign Affairs Committee (“UKFAC”) as part of its gathering of evidence relating to the “Future of the UK Overseas Territories Inquiry”. The Cayman Finance submission document was made public by the UKFAC on 7 November. The document contains compelling information about the essential role of the Cayman Islands […]
Interview with Jude Scott of Cayman Finance October 31, 2018 - Q: How does Cayman help Chinese investors with overseas investment? A: The Cayman Islands actually is a great premier global financial hub. So what it does is it efficiently connects law abiding users and providers of investment capital and financing from around the world benefiting developed and developing countries. Where it works really well is we’re really an extender of value […]

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Cayman Publishes Bills regarding Financial Services Standards December 7, 2018 - In response to global developments in financial services, the Cayman Islands Government today published three bills that further strengthen our compliance with international standards. The bills are The Companies (Amendment) (No. 2) Bill, 2018; The Local Companies (Control) (Amendment) Bill, 2018; and The International Tax Co-Operation (Economic Substance) Bill, 2018. They were produced following the Ministry of Financial Services’ in-depth […]
 Data Protection Law Start Postponed November 30, 2018 - The Cayman Islands Government has announced the postponement of the start date for the Data Protection Law 2017 to take effect. It was scheduled to come into force on 29 January 2019. This has been changed to the 30 September 2019. Kindly click on the link below to read more about the postponement of the Data Protection Law 2017. Data Protection Law […]
Insurer launches Cayman captive facility November 23, 2018 - Crum & Forster’s accident and health division has launched a captive facility in the Cayman Islands. The Crum & Forster SPC Captive will allow Crum & Forster to issue offshore insurance policies as well as facilitate reinsurance transactions for various clients including but not limited to policyholders, agents and managing general underwriters, according to a statement published on Friday. “We […]

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