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  • Caymanian Compass Online Poll: Cayman should reject FATCA

    December 10, 2013
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    Almost 58% of voters in a recent poll suggested Cayman should reject FATCA. Don’t get me wrong, my stomach says the same, but I’m going to try to explain why we cannot. FATCA is a monster. It will cost millions of dollars, considering all of the costs of compliance for each of the institutions. But…

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  • Cayman Finance and Ministry sign MOU

    November 25, 2013
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    Cayman Finance and the Cayman Islands Government have reached an MOU. This is a major event in the history of our industry, as this commitment paves the way towards a stronger unified voice for the financial services industry in Cayman. As our industry grew at an extremely accelerated pace in just over 20 years and the international financial centres were...

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  • Cayman highest ranking offshore centre in HSBC expat survey

    November 1, 2013
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    In a global comparison of countries conducted by HSBC’s Expat Explorer Survey for 2013, the Cayman Islands ranked fourth out of all countries when it comes to the best place for expats to thrive, beaten only by first-place China, second-place Germany, and third-place Singapore. In addition, it was ranked number one as the friendliest place in the world...

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  • Cayman tops The Banker rankings for fifth year

    October 31, 2013
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    By Gonzalo Jalles, CEO, Cayman Finance For the fifth consecutive year the Cayman Islands has gained the top spot as the best specialised financial centre in the world for 2013, as surveyed by The Banker, with rankings’ tables recently released that show Cayman has again beat all its rivals and increased its score on last year in the process....

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  • Why the Cayman Islands have staying power

    October 1, 2013
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    Fundamentally, captive insurance companies afford, for example, hospital networks in the United States the option of setting up their own captive insurance company in the Cayman Islands. One of the benefits of using the Cayman captive structure is that it offers flexibility to the client. This helps to address certain difficulties onshore clients may endure when attempting to secure...

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