Cayman Islands property means spreading the risk

There are so many benefits that can be enjoyed by owning a property in the Cayman islands, not least of which is that it is a beautiful jurisdiction with year-round sunshine and just an hour’s hop from the States, so buying a home in the Cayman Islands should be at the heart of any investors wealth management programme.   

 

Making FATCA fair

The Cayman Islands Government recently announced that it had concluded negotiations with the United States on a Model 1 intergovernmental agreement with regard to the Foreign Account Tax Compliance Act (FATCA) and a new tax information exchange agreement (TIEA) also with the U.S.

 

The true meaning of diversification

The economic headlines over the summer very much concentrated on jitters on the world markets which forced dramatic drops in the various international indexes, yet digging a little deeper behind the headlines gives a picture of steady, if painfully slow, growth in the US which ought to be carefully considered against this backdrop of market freefalling.

Trustees and the protection of private client confidentiality

As practitioners in the financial services industry are well aware, in recent years, technological developments and changing business practices have combined to create a...

Will the trust revolution make lawyers redundant?

What differentiates modern economies such as those of present-day Europe and North America from their primitive ancestors of 500 years ago? People living today...

Why Cayman Islands trustees need to care about UK tax

Tax is a tricky subject at the best of times. Whilst it is difficult to get accurate figures, some estimates of the length of...

Holographic wills

I have written often about the remarkable level of innovation and change that has occurred in the world over the last 30 or so...

Cayman attractive for a new set of investors

There is an underlying disdain currently being expressed globally, especially within North America and Europe, with regard to the way they are being taxed, with rising taxes choking investment choices and stifling growth. Such pressures have encouraged investors to look for better ways to seek investment returns.  

 

Public maladministration and land markets

The fallout of the improper disposals of Crown lands in the Turks & Caicos Islands has led to all manner of legal actions to unravel the past illegal transfers, as well as transparency and governance reforms designed to minimise the risks of similar events occurring again. 

 

Real estate: The third pillar of Cayman’s economy

It is well understood that the first two industry power houses have been mainstays of the economy over the years; however the real estate and development industry has been intrinsically linked to both tourism and financial services, providing the physical framework within which both can operate, while at the same time contributing significant sums to the Cayman Islands government’s finances and the country’s economy as a whole.

The key to diversification

Much discussion has taken place over the past couple of years on the need for Cayman to expand its reliance on its two traditional economic pillars – financial services and tourism – and its quickly developing third, real estate, and look to embrace new forms of industry that will fit seamlessly with existing business, while at the same time broaden Cayman’s economic reach.

 

Data protection update

In an article published in the Cayman Financial Review in the third quarter of 2016, I talked about the English case of Dawson-Damer &...

Remedies for economic woes: cut costs and crime

So, what’s happening in the real estate market and what factors are there that may have significant impact on it in the coming months or years? 
Well, Coldwell Banker’s mid-year Market Report is now out in hard copy and on our website. There is not room to reprint it here, but in summary the last six months have continued the downward trend of prices and sales volume.  However, just in the last month or two we have seen a marked increase in activity. Why? Well, there are several possibilities.

Steady as she goes…

Although our year to date sales figures cannot possibly keep pace with previous years due to the decrease in foreign investment, we would describe...

Opportunity knocks

 It is certainly not a secret that the volume and value of real estate transactions has fallen dramatically over the last two years. Statistics from both Lands & Survey and CIREBA, our real estate association have confirmed that time and time again. 

The various roles of the successful family office

As technological advances have eased international travel and communication, the homes, education, investments and business interests of high net worth families are no longer...
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Staying a step ahead: A new wealth structuring forum for Cayman

Demonstrating that the Cayman Islands is a well-regulated, innovative, and sophisticated international financial center is the responsibility of everyone who is engaged in the...

Cayman real estate a smart addition to an investment portfolio

The Cayman Islands has always been an excellent market for real estate investment for overseas investors, with its close proximity to the United States, and offering stability and security as a British Overseas Territory, a plethora of ... 

 

The real state of the real estate market

Some of this is the fault of the media which in recent times has become much more of a sales tool than an objective source of information. But I think some of it is also the result of focusing on short term trends rather than taking a longer term view.

Trustees and divorce

Recent developments in the case law of onshore jurisdictions like England and Hong Kong have only highlighted for trustees the very difficult position they...