A survey by the publication ‘The Banker’ has named the Cayman Islands as the best specialised financial centre in the world for the fifth consecutive year.
The Cayman Islands ranked fourth out of all countries when it comes to the best place for expats to thrive, beaten only by first-place China, second-place Germany, and third-place Singapore, according to a recent survey by HSBC called Expat Explorer Survey for 2013.
Wayne Panton, Minister for Financial Services, has said the Cayman Islands will assess its regime on beneficial ownership and whether a central registry of beneficial ownership is the most appropriate and effective way to improve transparency.
The Cayman Islands and the UK have signed a FATCA-type intergovernmental agreement (IGA), preparing the way for Cayman to automatically share financial information with the UK on UK taxpayers who hold Cayman Islands accounts.
Representing a significant development in the Cayman Islands’ transparency framework, the OECD/Council of Europe Convention on Mutual Assistance in Tax Matters has been extended to the jurisdiction, and will become effective on January 1 2014.
The Cayman Islands has kept its position as the most popular offshore jurisdiction for dealmaking in the third quarter of 2013, according to a report released by Appleby, a provider of offshore legal, fiduciary and administration services.
The Committee of Hearts for Hedge Funds Care Cayman (HFCC), the charitable organisation that helps abused or neglected children in Cayman, held a major fundraising dinner called the Open Your Heart to the Children on Saturday, November 16.
Appleby, a provider of offshore legal and fiduciary services, has acquired two of Coutts’ trust businesses.
The Hon. Wayne Panton, MLA, Minister of Financial Services, Commerce and the Environment, will be the keynote speaker at Ernst & Young's Global Hedge Fund Symposium, held in the Cayman Islands next month.
Law firm Walkers will hold its annual hedge fund seminar in November. 'Everything Offshore 2014' will hold events in New York and San Francisco.