This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.  
  • Delicious






Stories that are tagged 'Cayman Islands'

Cayman Touts Insurance Industry Offering In America
5/17/2012
A delegation from the Cayman Islands insurance industry attended the 50th Annual Risk and Insurance Management Society conference held last month, to promote the jurisdiction's position as a growing domicile for captive insurance companies.
Cayman Islands Target Brazilian Investors
5/16/2012
The Cayman Islands government has sought to bolster business relations with Brazilian investors by taking part in the recent Brazil Investment Summit.
Cayman Regulatory Framework Endorsed
5/15/2012
Cayman Finance has welcomed the results of an independent study which places the Cayman Islands among only two offshore territories which have consistently implemented internationally-accepted standards on identity verification during due diligence processes.
Regulatory Change To Drive Onshore Fund Growth
5/9/2012
French hedge funds and the securities regulator AMF believe the Alternative Investment Fund Managers Directive will - more than UCITS - boost investor confidence in hedge funds and pave the way for potentially significant asset growth.
Offshore Merger And Acquisition Activity Rises
5/9/2012
A new report from Appleby shows that transaction values for mergers and acquisitions (M&A) in major offshore financial centers rose by 25% in the first quarter of 2012.
Captive Insurers Increasingly Staying Onshore
4/20/2012
Corporates are more likely to form new captive insurance entities in onshore territories, such as in the United States and the European Union, and to opt for alternative captive structures, according to the findings of a new report.
SEC Enhances Cooperation With EU, Cayman Islands
3/27/2012
The United States Securities and Exchange Commission has announced that it has established two memoranda of understanding with the Cayman Islands Monetary Authority and the European Securities and Markets Authority, as part of its long-term strategy to improve the oversight of regulated entities that operate across national borders.
Offshore Aspects Of Russian 'Superbank' Merger
3/19/2012
The Jersey office of Walkers, the leading international law firm, has advised on the multi-jurisdictional aspects of the USD1bn merger between Sberbank and Troika Dialog, which will create a Russian 'superbank'.
South Africa Extends Its TIE Network
3/6/2012
The South African Revenue Service has disclosed that a protocol to facilitate the exchange of tax information within the existing double taxation agreement between South Africa and Austria has recently entered into force, as have tax information exchange agreements with Bermuda, the Cayman Islands, Guernsey, Jersey and San Marino.
Mixed Fortunes For Cayman Finance Industry
3/1/2012
The Cayman Islands' Economics and Statistics Office has reported that the island's economy began to recover from the economic downturn during the first nine months of 2011, with growth of 1.2% year-on-year recorded, compared to a contraction of 5.8% in the same period a year earlier. However, the financial services sector continues to see mixed results.
Captive Insurers Flock To Cayman Islands
2/14/2012
The number of captive insurance companies formed in the Cayman Islands increased markedly during 2011, a trend that is expected to continue into 2012, according to Cindy Scotland, the Managing Director of the Cayman Islands' Monetary Authority.
UK, Caribbean Talks Focus On APD
1/25/2012
Leaders from Caribbean nations and the United Kingdom agreed at the end of a two-day summit an action plan to establish 'a new and improved strategic partnership to promote prosperity'. Importantly, the UK government committed to reopen negotiations to mitigate the impact of the UK's air travel tax on Caribbean territories.
Hague Seeks 'Modern Relationship' With Overseas Territories
1/23/2012
The British Foreign Secretary William Hague has announced that he will lead one of the strongest ever delegations of UK ministers and senior officials to attend the UK-Caribbean Ministerial Forum to coincide with the government's review of its relationship with its overseas territories.
Bermuda To Withstand Competition
1/17/2012
In a spirited address to Bermuda's House of Assembly, Bermuda's Premier and Minister of Finance Paula Cox sought to allay fears that the Cayman Islands, in its proposals to diversify its economy to attract insurance companies, could present a challenge to Bermuda's position as the world-leading domicile for (re)insurance entities.
Cayman TIEA With India Enters Into Force
1/6/2012
The Indian Income Tax Department has announced the implementation of a pending tax agreement with the Cayman Islands which will provide both nations' tax authorities with access to tax information on request now the agreement has entered into force.
Cayman Special Economic Zone Opens Up
1/4/2012
The Premier of the Cayman Islands, McKeeva Bush, in his new year's address, has noted that the territory is to attract additional investment as a result of the Cayman Enterprise City - the first special economic zone in the Caribbean - due to begin admitting companies this month.
Ogier Cayman Advises On Mining Company Merger
12/28/2011
Ogier's Cayman Islands office was selected to advise as part of an international legal team on the merger of Australian resource company Adamus Resources Limited with Cayman-domiciled Endeavour Mining Corporation.
Cayman Named Top Hedge Fund Domicile
12/21/2011
The Cayman Islands was named as the most favoured domicile for hedge funds in the recent Hedge Funds Review’s Service Provider Rankings.
Cayman To Target Reinsurance Business
12/15/2011
Cayman Islands Premier McKeeva Bush has outlined plans to introduce a streamlined work permit regime to encourage reinsurance business to the islands.
UK To Enhance Relationship With Overseas Territories
11/28/2011
At the annual meeting of the Overseas Territories Consultative Council, the United Kingdom's Foreign and Commonwealth Office highlighted progress made in strengthening its relationship with its Overseas Territories.
Caymans Question UK Fiscal Proposals
11/23/2011
The Cayman Islands government says it supports a document drafted by the UK's Foreign and Commonwealth Office requiring the administration in the Cayman Islands to manage the territory's fiscal affairs prudently, but has serious reservations over some elements of the plan.
Cayman Praised For Robust Regulation
11/14/2011
The Cayman Islands' adherence to global regulatory and supervisory standards on international cooperation and information exchange has been found 'sufficiently strong' - the highest assessment possible - by the Financial Stability Board, in a report commissioned by the Group of Twenty nations.
Cayman Captive Insurance Market Grows
11/3/2011
The Cayman Islands Monetary Authority has reported a 93% increase in captive insurance company formations during the first nine months of 2011 compared to the same period in 2010.
Cayman Islands Announces New Tonnage Tax Regime
10/26/2011
The Maritime Authority of the Cayman Islands is introducing a new Annual Tonnage Fee structure, which will come into effect on January 1, 2012.
Japan-Cayman Islands TIEA Enters Into Force
10/20/2011
The comprehensive tax information exchange agreement between Japan and the Cayman Islands, which was originally signed on February 7 this year, will come into force on November 13, 2011.
India Rapidly Expanding Tax Agreement Network
10/17/2011
India is playing a major role in the global crusade against black money and has completed negotiations for 16 new tax information exchange agreements, according to the chairman of the Central Board of Direct Taxes M C Joshi.
CARICOM Welcomes Progress Towards FTA With Canada
10/5/2011
Caribbean Community Secretary-General Irwin LaRocque has welcomed progress towards the CARICOM-Canada Trade and Development Agreement, and praised Canada's 'keen and earnest approach'.
Guernsey Tops Europe In Specialist Finance Centre Index
10/4/2011
Guernsey has been rated highly in the latest index of specialist finance centres, as published by trade title The Banker, securing second position globally and the top spot in Europe.
Jersey Rated As Top IOFC
9/29/2011
Jersey has retained its position as the highest rated offshore international finance centre in the latest Global Financial Centres Index published on September 26, 2011.
Cayman Islands Signs TIEA With China
9/27/2011
The Cayman Islands has announced that it has entered into a landmark agreement to share tax information with China.
Asia-Based Incorporation Specialist Expands Into Europe
9/8/2011
Offshore Incorporations Limited, a leading global company formation specialist based in Asia, has announced the opening of its first European office, in London, to support a growing number of Asia-based companies investing in Europe.
Cayman SEZ Receives Green Light
8/31/2011
The Cayman Islands government has announced the signing of an agreement with Cayman Enterprise City, which allows the developer exclusive rights to construct, develop, operate and maintain a special economic zone in the islands.
Guernsey Adds To Tax Info Exchange Network
8/2/2011
The Guernsey government has announced the signing of two further Tax Information Exchange Agreements, with Argentina and the Cayman Islands.
Company Formations Boost Cayman Economy
8/2/2011
The Cayman Islands economy exceeded growth estimates for the first quarter of 2011, bolstered by higher levels of tourism and company formation.
Cayman Islands To Launch Special Economic Zone
7/21/2011
The Cayman Islands, in partnership with Cayman Enterprise City, is to launch a special economic zone, intended to attract global science, technology, commodities and derivatives, media, and educational entities to the country.
Cayman Islands Economy To Grow In 2011
7/12/2011
In spite of a fall in GDP last year, the Cayman Islands economy is expected to return to growth this year, according to Premier and Finance Minister McKeeva Bush.
Vodafone's Indian Tax Bill May Double
7/6/2011
Leading telecoms company Vodafone has warned that the firm's back tax liability in India could double if the Indian Supreme Court rules in favour of the country's tax authorities with regard to a long-standing tax dispute.
Brazilian Bank Utilizes Caymans Merger Law
6/28/2011
Ogier Cayman has acted as advisor to BTG Pactual in what is believed to be the first merger of a licensed financial institution using the revised merger provisions in the recently-enacted Companies (Amendment) Law 2011 in the Cayman Islands.
Caymans To Introduce Hedge Fund Levy
6/14/2011
The Cayman Islands is to regulate and tax certain types of hedge funds for the first time, under a new measure brought in by the Budget.
Canada Expanding TIEA Network
6/6/2011
Canada's network of tax agreements is in the process of substantial expansion, with the entry into force of two tax information exchange agreements, and the commencement of negotiations on four others announced by the Department of Finance.
Cayman Funds Begin Bounce-Back
6/3/2011
Newly released figures show that, while some of the negative effects of the global financial crisis continued to impact on the Cayman Islands' regulated fund industry in 2009, the year saw an upsurge in positive returns, and a substantial increase in net income.
Cayman Islands In Landmark Legal Decision
5/17/2011
A Cayman Islands court has reached a ground-breaking decision assuming the power to grant asset-freezing injunctions over Cayman assets in support of certain foreign legal proceedings.
Onshore Domiciles Attract Captive Formation
5/6/2011
Companies are increasingly looking to onshore US domiciles when choosing to form captive insurance firms, the aggregate premium levels of which have increased substantially, according to a new report by the insurance broker and risk adviser Marsh.
Cayman Islands Amends Companies Law
5/2/2011
Following a significant consultation process, the Cayman Islands is to amend its Companies Law, with a view to enhancing the competitiveness of its financial services industry.
Temporary Pension Holiday Ends For Cayman Islands
4/25/2011
The Cayman Islands's temporary one-year pension contribution suspension is to end, affecting private sector employers, employees, and self-employed individuals.
Offshore Banking Body Rebrands
4/11/2011
Having broadened its role as a representative on behalf of numerous offshore financial centres in issues pertaining to financial sector regulation and best standards, the Offshore Group of Banking Supervisors has decided to rebrand itself the 'Group of International Finance Centre Supervisors’.
Cayman Islands, India Sign TIEA
3/25/2011
The Cayman Islands and India have signed a Tax Information Exchange Agreement, designed to strengthen the commercial relationship between the two countries.
Vodafone Dismisses Indian Tax Compromise
3/23/2011
Vodafone has said that it continues to believe the company had no tax liability over the purchase of an Indian mobile phone company in 2007, despite reports that it is ready to compromise with the Indian tax authorities.
Cayman Signs MoU With TCI
3/4/2011
The Cayman Islands have signed a new Memorandum of Understanding with the neighbouring islands of Turks and Caicos.
Cayman Finance Appoints Interim Chairman
2/21/2011
Cayman Finance – the promotional agency for the islands' financial services industry - has announced the appointment of an Interim Chairman, in Roy McTaggart, to replace the outgoing Chairman Anthony Travers, with immediate effect.
Cayman Islands Signs TIEA With Japan
2/14/2011
The Cayman Islands government has announced that it has expanded its network of Tax Information Exchange Agreements with the signing of a twenty-first agreement on February 7 with Japan, inked at the Japanese Embassy in London.
Vodafone Tax Appeal In India Deferred Again
2/10/2011
India's Bombay High Court deferred a hearing on Vodafone’s dispute with the Indian tax office on Tuesday (February 8), and has not specified a date for a new one.
Cayman Islands Plan Special Economic Zones
1/28/2011
The Cayman Islands government has announced that it has entered into a Memorandum of Understanding to establish a free zone which is expected to offer attractive terms to those looking to make tax-efficient technology-based investments in the Caribbean and Americas region.
Cayman Islands To Sign TIEA With Spain
1/20/2011
The Cayman Islands government has concluded negotiations for the signing of a tax information exchange agreement with Spain.
Cayman Ship Registry Announces Successful Year
1/20/2011
Cayman Maritime, the parent organization of the Cayman Island shipping registry, has welcomed what has been a successful year for the islands’ maritime industry.
Caribbean Sharpens Response To Financial Crime
1/19/2011
In an effort to sharpen the regional response to transnational organized crime, the Caribbean Community Implementation Agency for Crime and Security and the Caribbean Financial Action Task Force have signed an agreement, laying down a framework for combating financial crimes including money laundering.
UK Tax Agreements In Force
1/12/2011
Tax agreements between the UK and Gibraltar, the Cayman Islands and Germany have recently entered into force, the UK tax authority, HM Revenue and Customs, has announced.
Cayman Islands Signs TIEA With Indonesia
1/7/2011
The Cayman Islands government on December 4 announced that it has initialed a tax information exchange agreement with Indonesia following the negotiations in early December in Grand Cayman.
Cayman Fund Exodus 'Myth' Dispelled
1/5/2011
Cayman Finance has rebutted what it has described as ‘unsubstantiated’ claims that Cayman funds are re-domiciling to European nations, in particular to Ireland.
Indian Court Delays Vodafone Tax Hearing
11/25/2010
A date of February 8 has now been fixed by the Bombay High Court for the hearing of an appeal by Vodafone International Holdings BV against a ruling by the Indian authorities that the company should pay tax on a 2007 acquisition.
IMF Formulating Fiscal Plan For Indebted Caribbean
11/19/2010
The International Monetary Fund has announced the launch of a forum aimed at drafting fiscal solutions for Caribbean territories, many of whom, due to the financial crisis, have experienced significant expansion in their already unsustainable deficits.
Vodafone Ordered To Pay Deposit By Indian Court
11/17/2010
After agreeing to hear an appeal in February 2011, the Indian Supreme Court has requested a deposit of INR25bn (USD552m) from the Vodafone Group Dutch holding company within three weeks and a bank guarantee of INR85bn within two months. In the meantime the tax authorities are restrained from enforcing their tax claim against Vodafone.
Caribbean Urges Change To UK Flight Tax
11/17/2010
The Caribbean Tourism Organization has noted the publication of a report that comprehensively analyzes the impact of the UK's aviation tax, the Air Passenger Duty, on the tourism industries of Caribbean territories.
Cayman Islands Transparency Recognized By OECD
10/7/2010
The Cayman Islands has noted the official adoption by the Organisation for Economic Cooperation and Development’s Global Forum on Transparency and Exchange of Information, at its recent meeting at Singapore, of a report detailing the territory’s progress in adhering to international standards, particularly in the realm of tax transparency.
Global Tax Forum Issues Peer Reviews
10/4/2010
The Global Forum on Transparency and Exchange of Information for Tax Purposes has issued the first phase of peer reviews covering the legal and regulatory frameworks for transparency and exchange of tax information in Bermuda, Botswana, Cayman Islands, India, Jamaica, Monaco, Panama and Qatar.
Jersey Ranked As Top Offshore Centre
9/24/2010
London has maintained its place as the leading financial center globally, according to the Z/Yen biannual qualitative survey. Meanwhile, Jersey maintains its place as the top offshore financial center.
Cayman Islands To Chair CFATF
9/21/2010
Following recognition as the top specialized financial centre, the Cayman Islands will chair the Caribbean Financial Action Task Force from November, the jurisdiction's government has announced.
Cayman Reports Rise In Saving Income Declarations
9/17/2010
The Cayman Islands’ Tax Information Authority – the authority responsible for the reporting of savings income information received from domestic 'paying agents', and for then transmitting that information to the relevant counterpart competent authorities in EU member states – has published details on the amount of interest paid to EU residents during 2009.
Cayman Remains Top IFC Despite Downturn
9/14/2010
Cayman Finance, the promotional agency for the island’s financial services industry, has noted recognition by 'The Banker' magazine of its position as the top specialized financial centre for the second year running, in its 2010 IFC Rankings, released in August.
Vodafone Loses In Mumbai High Court
9/13/2010
UK telecoms giant Vodafone has expressed continuing confidence that it is not liable for Indian capital gains tax from its purchase of the Indian mobile phone network Hutchison Essar in 2007 despite a setback in the Mumbai High Court.
Cayman Announces Immigration Crackdown
9/8/2010
The Cayman Islands has announced that 87 persons have availed themselves of the Immigration Department’s amnesty, taking advantage of the opportunity to leave the islands in July without repercussions.
Caribbean Intensifies Lobbying Against UK Air Tax
9/8/2010
The Caribbean is to intensify efforts to establish a 'fairer passenger tax system' in the UK during an official visit to the city of London, which will include a series of meetings between high-level officials and parliamentary bodies, the Caribbean Tourism Organization said.
Mexico, Cayman Islands Sign TIEA
9/8/2010
The Cayman Islands has signed its 20th Tax Information Exchange Agreement, with Mexico.
Colombia, Portugal Sign DTA
9/6/2010
A double taxation agreement signed between Colombia and Portugal adds to those already concluded by Colombia with Spain, Switzerland, Chile, Canada, Mexico and South Korea.
Goldman Tries 'Foreign-Cubed' Defence Against Hedge Fund
8/31/2010
The investment bank, Goldman Sachs, is attempting to use a US Supreme Court’s previous ruling on so-called ‘foreign-cubed’ securities cases to have an Australian hedge fund’s USD1bn claim thrown out of the American courts.
Cayman Concludes Banking Pact With US
8/25/2010
The Cayman Islands Monetary Authority has announced that it has formalized procedures with the four main United States banking regulators for the exchange of supervisory information relating to banks and banking institutions that operate in both territories.
South Africa To Sign Offshore Tax Agreements
8/11/2010
The South African Revenue Service is negotiating tax information exchange agreements with several offshore international finance centres to improve bilateral tax transparency, a parliamentary committee has been told.
Cayman Islands Top For Catastrophe Bonds
8/9/2010
New figures have revealed the Cayman Islands are the leading offshore jurisdiction for listed catastrophe bonds. More than USD7.7bn dollars in bonds have now been listed on the Cayman Islands Stock Exchange.
Cayman Islands Consults On Yacht Code
8/4/2010
The Maritime Authority of the Cayman Islands, in conjunction with the Red Ensign Group, has prepared consultation documents in relation to proposals for a new Code of Practice which applies to pleasure yachts.
Travers Issues Robust Cayman Defence
8/5/2010
In an open letter, Anthony Travers, the Chairman of Cayman Finance, has denounced US Senator Carl Levin’s endorsement and usage of a report issued by the ‘Business and Investors Against Tax Haven Abuse’ group, which Travers has said is fallacious and "misguided."
Vodafone Denies Tax Claim
8/2/2010
The UK’s delegation to India, headed by Prime Minister, David Cameron, aims to bring the countries' relationship to a new level; but telecom giant Vodafone, one of the UK’s major investors in India, remains embroiled in an unresolved USD2bn tax dispute.
Cayman Islands And Canada Sign TIEA
6/28/2010
The Cayman Islands government has announced the signing of a Tax Information Exchange Agreement with the government of Canada.
Cayman Outlines Plan For Balanced Budget
6/22/2010
The Cayman Islands has only nominally increased taxation in its 2010 Budget, which details the government’s three-year plan to bring the islands’ budget back to surplus. Alongside expenditure cuts, the government has proposed a number of reforms to enhance the islands’ attractiveness to investors.
UK Approves Cayman Fiscal Sustainability Package
6/17/2010
The United Kingdom government on June 10 gave approval to the Cayman Islands’ fiscal sustainability plan without conditions, allowing for the island to increase its short-term borrowing; this despite fervent calls by the previous government for the introduction of direct taxation in the island.
Cayman Funds Live To Fight Another Day
6/10/2010
The Cayman Islands Monetary Authority has released the findings of an investigation into the effects of the global financial crisis on the island's funds industry. The report is based on statistics from over 7,000 funds regulated in the islands from 2008 - when the crisis first hit.
Vodafone Appeals Indian Tax Order
6/9/2010
UK telecoms multinational Vodafone has responded to the Indian Income Tax department's reassertion of its jurisdiction to levy withholding tax on the USD11.1bn sale to Vodafone of a 67% stake in Hutchinson Essar in 2007 with an appeal to the Bombay High Court.
India Asserts Tax Claim Against Vodafone
6/7/2010
The Indian tax authorities have reasserted their belief that they have jurisdiction to levy withholding tax on the USD11.1bn sale to Vodafone of a 67% stake in Hutchinson Essar in 2007.
Offshore Law Firms Merge
6/3/2010
Mourant and Ozannes, two leading offshore law firms, have merged to create Mourant Ozannes. The merger consolidates the two firms’ legal practices in Jersey and Guernsey to create ‘a firm with unrivalled strength-in-depth and industry knowledge across the Channel Islands’.
Germany, Caymans Sign TIEA
5/31/2010
The Cayman Islands and Germany entered into a tax information exchange agreement following a signing ceremony held on May 27.
Japan, Cayman Islands Initial Tax Agreement
5/28/2010
The governments of Japan and the Cayman Islands have initialled a comprehensive double tax agreement with provisions to allow for the exchange of tax information in civil and criminal tax matters, in line with the jurisdiction’s commitment to improve transparency with third nations.
Captive Industry Guidelines Released
5/26/2010
Service providers in the captive insurance industry worldwide now have the benefit of a new set of best practice guidelines that the Cayman Islands Monetary Authority has contributed to developing.
Key Australian Tax Ruling Deferred
5/27/2010
The Australian Tax Office has deferred for a third time a final determination and clarification of its decision to tax 'income' of private equity firms' investments in Australia, where these were perceived to be capital gains. A tax office spokesperson said the government was reviewing its policy in this general area.
Cayman Islands And Portugal Sign TIEA
5/20/2010
Cayman Island Premier, McKeeva Bush, and Sergio Vasques, the Portuguese Secretary of State of Tax Affairs, signed an agreement for the exchange of tax information in a ceremony on May 13.
Caymans Urged To Raise Game
5/14/2010
Speaking at a recent conference, Cayman Finance Chairman, Anthony Travers called for the further relaxation of the jurisdiction's ‘highly restrictive immigration and rollover policies’ to encourage professionals to the territory and to maximise its offering as a leading international financial center in light of recent fee hikes.
Caymans Warn Of HIRE Act Implications
5/11/2010
US citizens living and working in the Cayman Islands will need to familiarize themselves with new legislation that affects their tax obligations, Cayman Finance has said. The rule changes apply to all of those people living in the jurisdiction with US citizenship.
Captives Put Surplus Capital To Work
5/6/2010
Firms with captive insurance companies are examining a full range of opportunities to put surplus capital to work within their organizations, according to a new report published by professional services firm Marsh.
India Opens Way To HK Treaty
5/4/2010
The Indian government has included the Hong Kong Special Administrative Region of the People’s Republic of China in its notification process of ‘specified territories.'
Caymans Lure Wealthy Investors
5/5/2010
The Cayman Islands parliament on April 28 approved an amendment to the jurisdiction's immigration law which permits 25-year residence to wealthy individuals who invest in businesses that contribute to the prosperity of the islands, on certain conditions.
Chile Plans More Tax Agreements
4/30/2010
Chilean finance minister, Felipe Larraín, has announced that the government had begun negotiation of Tax Information Exchange Agreements with a series of low-tax jurisdictions as a way of combating tax evasion.
Caymans Announce Pension Payment Holiday
4/29/2010
The Cayman Islands government has announced changes to the National Pensions Law, effective since April 26, that will allow a temporary one-year suspension of pension contributions for Caymanians and a temporary two-year suspension period for non-Caymanians.

 

Next

Page 1