Cayman Finance News

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...

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...

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...

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...

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 Cayman Finance submission document was made public by the UKFAC on 7 November. The document contains compelling information about the essential role of the Cayman...