Cayman Islands

Government & Policy

Cayman Government Dismayed by the Netherlands Blacklist

Cayman Islands and 20 other jurisdictions have been placed on a “blacklist” by the Netherlands. Starting in 2021, this break from other EU member states will require a withholding tax of 20.5% to be levied on interest, and royalty payments to the parties in listed jurisdictions. This signals that substance legislation passed by offshore jurisdictions to avoid an EU-wide blacklisting...

Officials Defend Controversial Spending

Government spending was recently questioned in the Cayman Islands and Tourism officials in the tiny island nation recently defended their decision to shell out over fifty thousand dollars of the public’s money. (more…)

Port Authority Cleaning House

There’s been some tumult recently at the Cayman Islands Port Authority and problems seem to plague the workplace. (more…)

Trinidadian Bank Making Bid to Acquire Cayman National

A big shake up in banking news here in the Cayman Islands as recently the Cayman National Corporation, the parent company of the local Cayman National Bank, confirmed there could be a possible takeover offer by an entity based in Barbados. (more…)

Automated Clearing House to Streamline Finance in Cayman

Banking may have just gotten a lot easier in the Cayman Islands recently as six big banks in the offshore jurisdiction have partnered to implement and install an automated clearing house platform. Its formation should make it much easier to perform the transfer of electronic funds. (more…)

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