Unravelling
Complexity

Insights

Unravelling Complexity

134 Results

Annual filing deadline fast approaching for CIMA registered directors
Investment Funds

Annual filing deadline fast approaching for CIMA registered directors

All directors registered with the Cayman Islands Monetary Authority (CIMA) under the Director Registration and Licensing Law are required to file their annual declaration by 15 January 2020.
Why consider a British Virgin Islands or Cayman trust for wealth protection?
Private Wealth

Why consider a British Virgin Islands or Cayman trust for wealth protection?

We are all familiar with the platitudes about trusts: great things if used right, offering potential solutions to asset protection, probate, tax and family issues. The concept of moving the legal ownership of an asset to an unrelated party while still retaining the benefit of it is useful in many contexts.
Proposed expansion of the Cayman Islands beneficial ownership regime

Proposed expansion of the Cayman Islands beneficial ownership regime

The Cayman Islands introduced the beneficial ownership regime in 2017. Following two years of implementation an internal review was conducted to assess the effectiveness and compliance of the regime. The review identified certain areas that require improvement and the Cayman Islands government has addressed these in the recently published Bill to amend the beneficial ownership regime.
The Cayman Islands Economic Substance regime – further developments
Economic Substance in the Cayman Islands

The Cayman Islands Economic Substance regime – further developments

The Cayman Islands government recently published a Bill to supplement the economic substance law. The contents of the Bill reflect feedback received from the EU Commission and the FHTP Secretariat.
Continuing obligations for Cayman Islands exempted companies
Corporate

Continuing obligations for Cayman Islands exempted companies

All exempted companies incorporated in the Cayman Islands are subject to the continuing obligations set out in the Companies Law. In addition, those companies which are regulated by the Cayman Islands Monetary Authority (CIMA), such as banks, mutual funds, mutual fund administrators, insurance companies, insurance managers, trust companies and others are subject to additional requirements.