Cayman News

  • CAACI employees donate to local charity amid COVID‐19 pandemic

    July 17, 2020
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    Grand Cayman, Cayman Islands (17 July 2020) – “The Civil Aviation Authority of the Cayman Islands (CAACI), Cayman’s aviation regulator has been fully deployed working remotely during COVID-19, ensuring that aircraft on the Cayman Islands Aircraft Registry (CIAR), (which includes the local air operator certificate holders such as Cayman Airways, Cayman Express, MRCU, Cayman Islands Helicopters and the RCIPS...

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  • Cayman Islands Government Statement on Beneficial Ownership

    July 16, 2020
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    The Cayman Islands Government welcomes the UK Government’s announcement, made today, which recognises the work of Cayman and other Overseas Territories (OTs) toward establishing publicly accessible registers of company beneficial ownership as part of the global effort to increase transparency in financial services and tackle illicit finance. The UK’s 2023 deadline for these registers aligns with its campaign to...

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  • Economic Substance Guidance Notes v3.0 Issued

    July 14, 2020
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    The Ministry of Financial Services wishes to advise the following: The Department for International Tax Cooperation (DITC) advises industry that the latest version (v3.0) of the Economic Substance Guidance Notes (“Guidance Notes”) has been issued today (Monday, 13 July). The Guidance Notes were developed based on feedback received from stakeholders in response to statutory private sector consultations that were...

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  • Praise for Ogier’s Trusts Advisory Group in Cayman in new Chambers HNW Guide

    July 13, 2020
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    “Very helpful and highly responsive” – the trusts experts and specialist litigators in Ogier’s Cayman Trusts Advisory Group are praised for their technical skills and client service by the new edition of Chambers HNW, an independent review of the world’s top private wealth advisors. Anthony Partridge, who heads Ogier’s Cayman Private Wealth team and has extensive expertise in non-contentious...

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  • Economic Substance Regulations Published

    July 13, 2020
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    The Ministry of Financial Services wishes to advise the following: Industry is advised that the International Tax Co-operation (Economic Substance) (Amendment of Schedule) Regulations, 2020 have been gazetted today (Friday, 10 July) and are now in effect. The International Tax Co-operation (Economic Substance) (Amendment of Schedule) Regulations, 2020 (the “Regulations”) were made by the Cabinet pursuant to section 15(1)(b)...

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