IFC Caribbean 2021 - Cayman Islands in Focus

IFC Caribbean continues to be the only dedicated guide to the region’s IFCs, advocating the Cayman Islands as a leading offshore financial centre. By looking at the skills, tools and vehicles offered by the Cayman Islands, we positively promote the important role the jurisdiction plays in the international movement of wealth.

1: Reference material: 

• Practical case studies and insightful interviews
• Key legislation and amendments listed
• Key tax treaties and international standards listed

2: Article/commentary piece: Cayman Finance provides an update on key financial developments in the jurisdiction over the past year.

3: Interview with the Cayman Islands Monetary Authority, in which they discuss how the jurisdiction is taking advantage of the wave of opportunities created in the post-crisis environment; as well as what Cayman is doing to promote financial transparency and fight global corruption.

4: Case Study: Hedge Funds: Cayman saw a growth in hedge fund registrations at the beginning of 2021, signalling a demand for these structures post-COVID. We consider how Cayman continues to be a jurisdiction of choice for fund managers, particularly those based in the Asia-Pacific region.

5. Technical Articles: Also featuring in depth technical articles examining recent developments and products offered within Cayman Islands’ financial arena including, but not limited to;

• Trusts: Official statistics published by the Cayman Islands General Registry in January 2021 showed that the number of new trusts registered in the jurisdiction grew in 2020. We look at how these structures are used, and what the future holds for the private wealth space in the jurisdiction.

• FinTech: Cayman’s presence in the digital space is growing rapidly, with legislation such as The Virtual Asset (Service Providers) Law, 2020 providing a regulatory framework for virtual assets business in and out of the jurisdiction. We explore further ways in which Cayman is fostering innovation in this industry.

• Insurance: With the commercial reinsurance market seeing recent interest and growth in the jurisdiction, we look at how Cayman is continuing to develop as an insurance/reinsurance domicile.

• SPACs: The formation of special purpose acquisition companies (SPACs) has increased during the course of the pandemic. We look at what makes Cayman the domicile of choice for the use of SPACs by family offices and fund managers.