US abandoning BEPS project – good or bad?

By loudly voicing their concerns with respect to (some of) the fundamental changes in international tax rules under the OECD’s Base Erosion and Profit Shifting project, Mr. Hatch and Mr. Ryan shredded cliquey notions of a broad consensus on international tax reform. 


Canada rewrites their tourism playbook

2010 saw the Cayman Islands create a strategic relationship with WestJet Airlines, effectively contributing to an increase in visitation from Canada by an overall 35 per cent from the previous year. Fast forward a year later and the destination is still going strong with a fresh new approach to marketing the Cayman Islands to Canadians.

Franz Manderson: Modernising immigration

At the forefront of the Cayman Islands’ economy is the financial sector, which depends on a reliable immigration system to get and keep the best people to remain competitive in the global marketplace.  Recognising that need, Chief Immigration Officer Franz Manderson set out to modernise the Immigration Department to make it more customer-focused through technology and innovation.

Independent directors – governance trends

Independent directors have become synonymous with offshore investment funds, in particular, hedge funds, in a trend driven squarely by investors looking for greater oversight...

Second quarter 2013

Read the article in the Cayman Financial Review Magazine Politics and Government ElectionsGeneral elections in the Cayman Islands produced a new government and a new...

Delaware and British

Back to Main Story: Growth, competition and playing fields DELAWAREDelaware keeps its corporate law up to date. Its General Corporate Law is excellent – it gets...

Changes to Patent and Trade Mark Law in the Cayman Islands

The Cayman Islands legislature recently passed the Patents and Trade Marks Law, 2011 which repeals and replaces the previous law and introduces some significant changes to patent and trade mark law in the Cayman Islands.

FCPA Actions

Main Article: Foreign Corrupt Practices Act

Reading trade

Alexander Selkirk, who many believe to have been the real life model for Crusoe, was in the South Pacific because of trade; Crusoe and Friday embody comparative advantage in their behaviour.


Krys & Associates opens Bahamas office

Krys & Associates has officially opened a new office in the Bahamas. The professional services firm, which is also based in the Cayman Islands and...

Recent developments and regulatory

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were all going direct the other way –  



Main Story:Cayman Islands law firmsHow will Cayman fit into your firm’s offshore structure?Ogier is a global professional services firm with more than 800 employees...

The tax climate is changing – for the worse

In ‘Looking into the crystal ball of taxation’ in the Caymanian Financial Review in July 2012 I expressed some thoughts about the future tax situation.   


Cayman’s regulatory framework

One aspect of the Cayman Islands’ ascent as an offshore financial centre powerhouse that is often overlooked is its regulatory regime. 

Assessing your independent professional directors

Large institutional investors, often with their own ODD teams or the financial ability to engage external specialists, are undoubtedly in a position of strength in evaluating governance considerations.   



Sidebar Information:CIFSA c/o Lynne BylesManaging DirectorTower MarketingPO Box 11048 Grand Cayman KY1-1008Cayman IslandsT: +1 (345) 623 6700E: [email protected]:

Building Cayman Islands tourism – the key business issues

One day this past summer I received a call from the Cayman Islands Ministry of Tourism. I’ll admit, I was surprised, since it had been seven years since I’d done any consulting work for the Cayman Islands. But I was very interested in the message of the call:

Countries Represented among Member Jurisdictions: G20, FSB, Basel Committee on Banking Supervision

Back to Main Story: Post-crisis regulation and supervision of the biggest banks by the biggest countries: Table 1County/Jurisdiction       G20 Member     FSB Member     BCBS...

Advertisers – Issue 19 Second Quarter 2010

Advertisers - Issue 19 Second Quarter 2010

Foreign Account Tax Compliance Act

New legislation to tackle tax evasion has been proposed by the US Senate Finance Committee Chairman Max Baucus and the House Ways and Means Committee Chairman Charles Rangel together with several other Democrats
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