*October 2017 has been an innovative month for the cayman islands. Therefore, we are ready to reveal the governmental initiatives that will transform doing financial business in this country.* First of all, we should mention the new AML/CTF country whitelist. What is the main point of this **legal change**? Business registered in the **cayman islands** will now be spared of the long and comp...

Financial sector business in the **cayman islands** is regulated by the cayman islands Monetary Authority (CIMA). Also, after the Revision of the Mutual Funds Law in 2015, the regulator on a yearly basis releases digests on the funds industry. The latest one was issued on December 29 revealing the data for 2016. This year has mostly showed a decrease in number of registered funds except for M...

...to judge for. It is not a big secret that the UK admires its Queen - a lot. Considering this, **Paradise Papers** become real shock for the British citizens. The Duchy of Lancaster, one of the Queen’s income providers, has been revealed as the cayman islands and Bermuda investor. Investment amount is about £10 million, which is equal to $13.1 million. It is important to understand that t...

...fshore allows you to lower tax burden. Try to compare taxation level in the UK or the USA and in offshore territories - where property, capital gains, dividend and other taxes are very low. Furthermore, Bahamas, Isle of Man, Bermuda, Bahrain and the cayman islands don’t have any corporation taxes at all. In contract, the corporate tax in countries with advanced economies is exceedingly high. Se...

Last couple of years confirmed that the **cayman islands is one of the top jurisdictions for innovative fintech business**. Why is that so? In February 2018, Cayman Premier, Alden McLaughlin, confirmed that statistically, Cayman is now in top-three countries for blockchain entrepreneurs. Since 2012, the special tax-free economic zone, Cayman Enterprise City, functions in Cayman by attracting sta...

Twice a year the **Global Financial Centres Index** is published to analyze and rate financial centers worldwide. Up to 2,500 professional financial analysts were questioned about the current state of different jurisdictions. As a result, **the cayman islands is now recognized as the best offshore financial center in the world**. **GFCI** is a significant mark for offshore countries to maint...

...es to the public, as was stated by the Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, at the STEP Conference. Recently, it was announced that the **British Virgin Islands (BVI)** and the **cayman islands**, two of the British Overseas Territories, are making preparations regarding the **launch of legal challenges to the UK government’s...