Cayman Finance News

The Cayman Islands is a tax neutral hub that supports global economic growth and recovery. This is achieved through efficiently connecting law-abiding users and providers of investment capital and financing around the world. The Cayman Islands financial services industry has been recognised for decades as a strong partner with other leading jurisdictions and industries in promoting transparency to combat...

It is safe to say 2020 has been an unprecedented year but as we reflect on the past 12 months, we are pleased that the Cayman Islands Financial Services Industry (CIFSI) has demonstrated tremendous resilience and has continued to deliver unparalleled value as the heart of the Cayman Islands economy.

Cayman Finance issued the following statement by CEO Jude Scott about the UK’s action to draft, but not enact, an Order in Council requiring Overseas Territories to establish public registers of beneficial ownership (PRBO) information: “The UK’s decision reflects a strong confidence in the Cayman Islands financial services industry’s dedication to transparency and emerging global standards like public registers...

Grand Cayman, 20 November 2020: With lockdowns restarting around the world and entry to the Cayman Islands tightly controlled, many in our community continue to struggle with the economic impacts of the pandemic. In an effort to support ongoing relief and recovery efforts, the ‘Cayman Finance Cares’ programme, an initiative funded by Cayman Finance member firms, recently donated CI$113,000...

Tax Justice Network’s distorted interpretations of the Cayman Islands’ statistics get more inaccurate, further from the facts and less believable as they continue to be undermined by the credible findings of recognised international bodies like the OECD and the EU.  Just last month the EU completed an exhaustive, multi-year review of the Cayman Islands tax neutral regime and found...