CAYMAN FINANCE NEWS

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 […]
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 […]

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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 […]
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 […]

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