Cayman News

  • Cayman Islands cuts red tape for businesses

    June 22, 2018
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      The business community in the Cayman Islands will now have it a bit easier  as the government cuts through the red tape in order to simplify and streamline the application process for trade and business licenses. The implementation of amendments to the Trade and Business Licensing Law have now come into effect. The amendments, first announced earlier this year,...

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  • CIMA appoints three new chiefs – Cayman News Service

    June 15, 2018
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    The Cayman Islands Monetary Authority has promoted three members of its team into senior posts covering statistics and inspections. Kenton Tibbetts, Jackie Powell Marsden and Yoshneck Mutomba, who have all worked at the authority for several years, have been appointed to head up various specialist areas relating to the regulator’s work. Tibbetts has been promoted from deputy head to...

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  • Cayman promotes aircraft registry’s new commercial offering

    June 14, 2018
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    The Civil Aviation Authority of the Cayman Islands (CAACI) is out in force at the show to promote the island’s aircraft registry to private and commercial operators of business aircraft in Europe. CAACI, in partnership with the Cayman Enterprise City, is touting the benefits of establishing “a principal place of business” at its Cayman Maritime and Aviation city. The...

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  • We have tax havens to thank for rising levels of global prosperity

    June 14, 2018
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    Would the world be a better place if offshore finance didn’t exist? Shadow chancellor John McDonnell doubtless thinks so, believing that the tax planning these jurisdictions make possible only hurts other countries. Yet a look at the evidence might surprise him. There is ample reason to venture that the unprecedented rise in living standards and the related decline in...

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  • Cayman Islands’ Government Promises No New Taxes

    June 14, 2018
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    Cayman Finance Minister Roy McTaggart told a recent Chamber of Commerce economic forum that no “coercive revenue measures” will be introduced during the government’s term in office, which ends in 2021. He said the undertaking was intended to give the private sector “comfort, certainty, and confidence … to make investments with the knowledge that government will not throw any...

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