CAYMAN FINANCE NEWS

February 9, 2016Financial services and tourism are inter-linked, says Dart VPThe key drivers of the Cayman Islands’ economy should not be viewed in isolation but in a more holistic way in recognition of the fact that they are all inter-linked, Chris Duggan, vice president, Dart Enterprises, told Cayman Funds Magazine at the Cayman Alternative Investment Summit, which took place in Grand Cayman last week (February 4-5). Dart Enterprises is one of the key drivers of the conference, which is now […] MORE >
January 22, 2016712 international insurers regulated by CIMACayman has one of the highest insurance densities and insurance penetration ratios in the world, it was revealed at the 23rd annual Cayman Captive Forum organized by the Insurance Managers Association of Cayman (IMAC). Patrick Bodden, deputy managing director of operations at the Cayman Islands Monetary Authority (CIMA) noted that of the 712 international insurers regulated by CIMA, 34 per […] MORE >
December 3, 2015Cayman Finance may extend student programmeCayman Finance may extend its Student Education and Work Experience Programme to Caymanian students in private schools, revealed its Chief Executive Officer (CEO), Jude Scott. The programme was developed earlier this year as a part of the organisation’s community outreach and awareness efforts. Mr Scott noted that the feedback he received was “fantastic” and that the programme garnered excellent results […] MORE >
November 30, 2015The tricky issue of Beneficial OwnershipIf the UK and other large economies get their way, they’ll force a plan that local officials insist will cause catastrophic damage to the Cayman Islands. At hand is the issue of beneficial ownership and Britain’s push to have a public register with the names of the owners of all companies and accounts in off-shore financial sectors. The Cayman Islands […] MORE >
November 26, 2015Conyers’ Tania Dons speaks at inaugural Cayman Finance members briefingTania Dons, partner at the Cayman Islands’ office spoke at the Cayman Finance inaugural members briefing as a director of Cayman Finance and the chair of the members committee thereof. Tania informed the audience that the membership of Cayman Finance was growing and now included 46 member firms representing well over 2,000 individuals. Tania also stated that Cayman Finance is […] MORE >

UPCOMING EVENTS

Cayman Islands Regulatory Seminar

Date: February 25, 2016

Time: 2-5pm Seminar & 5-7pm Cocktail Reception

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Careers, Education, & Training Expo 2016

Date: February 26, 2016

Time: 10:00am-7:00pm

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GaimOps Cayman

Date: March 6-9, 2016

Location: The Ritz Carlton, Grand Cayman

 

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CAYMAN NEWS

February 11, 2016America Is Enabling Tax EvasionThe combination of increasing inequality and anemic economic growth has thrown a political spotlight on tax havens. Research has shown that governments are losing at least $200 billion in potential tax dollars every year because of them. Politicians throughout the world are feeling pressure to address this perceived injustice. Consider, for example, Democratic presidential candidate Hillary Clinton’s recent comments about […] MORE >
February 5, 2016Cayman Copies Delaware For Limited Liability LawCayman has taken the blueprint from Delaware for the introduction of its new Limited Liability Company (LLC) legislation. Combining the key features of a company and a partnership, when the new LLC vehicle becomes law, it will increase the structuring options for investment funds, meeting demand from US fund sponsors and promoters for an offshore vehicle, more closely aligned with […] MORE >
February 5, 2016Beneficial ownership FAQWhat is beneficial ownership?  Beneficial owners are individuals who ultimately control a company or benefit from it. Beneficial owners are distinct from legal owners, for example service providers that act as nominee directors, who may appear on legal documents as the representatives of the company. Such service providers may have signature authority and other legal rights, but the ultimate control […] MORE >

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