Cayman News

  • Government Issues Economic Substance Guidance

    February 28, 2019
    0

    Government has published a guidance booklet to help companies comply with the territory’s economic substance legislation, which was passed by legislators last year in an attempt to avoid European Union tax blacklisting. The new rules require Cayman-registered companies to demonstrate they have “adequate” economic activity locally to justify the profits they make. The recently released guidance booklet specifies what...

    Read more
  • CIMA Appoints New Head of Securities Supervision Division

    February 18, 2019
    0

    Effective Monday, 11 February 2019, Mr. Gerald Halischuk was appointed as the new Head of Securities Supervision Division at the Cayman Islands Monetary Authority (“CIMA” or “the Authority”). Mr. Halischuk brings over 30 years of experience in the financial regulatory industry having served in various senior management roles both in the local and international markets. Prior to joining CIMA, and...

    Read more
  • Managing Blockchain: Gov’t Looking at Regulations

    February 11, 2019
    0

    As blockchain companies continue to set up shop in Cayman Premier Hon. Alden McLaughlin says the government is hoping to create oversight for this emerging industry. At Thursday’s (7 February) Cayman Alternative Investment Summit (CAIS 2019) at the Kimpton Premier McLaughlin said the Cayman Islands Monetary Authority is exploring the creation of a regulatory framework for Fintech related entities. “As...

    Read more
  • Cayman Issued 33 Captives in 2018

    February 11, 2019
    0

    The Cayman Islands Monetary Authority (CIMA) issued 33 captive insurance licenses in 2018, and surrendered 26, bringing the total to 703. Overall the total number of active captive insurance licenses in the domicile is up from 696 in 2017, an increase of 7. Cayman has a total of 830 insurance licenses in the domicile, of which 101 relate to domestic insurance...

    Read more
  • Premier Vows To Keep Cayman Off EU Blacklist

    February 8, 2019
    0

    On Thursday (7 February), Premier Alden McLaughlin drew his line in the sand once again, adamant that the Cayman Islands should stay off the European Union’s blacklist and that the process needs to be fair to all. On Thursday, in his first public address since his return from Europe, the Premier sent a message of defiance to those considering...

    Read more
Support Terms of Use Privacy Policy