In Brief

EU AFFIRMS CAYMAN’S TAX CO-OPERATION AND REMOVES CAYMAN FROM ANNEX I

Cayman has been removed from Annex I of the EU’s list of non-cooperative jurisdictions for tax purposes (“Annex I.”) The decision was announced on 6 October 2020 following a meeting…

News

FrancisGrey Joins International Legal Alliance TAGLaw®

Membership in Worldwide Alliance Will Enhance Service to Clients FrancisGrey has joined TAGLaw®, a worldwide alliance of independent law firms and a division of TAG Alliances®. FrancisGrey will be the…

In Brief

Cayman Private Funds Update – Amendment & Registration Reminder

The Private Funds Law, 2020 of the Cayman Islands (the “PF Law“) (which came into force on 7 February 2020), requires that certain closed ended funds which fall within the…

In Brief

Cayman Funds – Registration Deadline for Limited Investor Funds

As at 7 February 2020 (the “Commencement Date“), the exemption from registration for Limited Investor Funds i.e. funds which have its equity interests held by fifteen (15) or fewer investors,…

In Brief

Cayman Islands Foundation Companies

The Cayman Foundation Company (the “Foundation Company“) is governed by the Companies Law (2020 Revision) (the “Law“) of the Cayman Islands except as specified in The Foundation Companies Law, 2017.…

In Brief

Cayman’s Beneficial Ownership Regime

Cayman’s beneficial ownership regime (the “Regime“) requires companies incorporated or registered by continuation[1] and limited liability companies in Cayman (each a “Company“) (except those which fall within an exemption under…

In Brief

Establishing a Bank in the Cayman Islands

The Cayman Islands is a leading international financial centre and is a desirable and favoured jurisdiction for the establishment of banking operations on account of its fine reputation, tax neutrality,…

In Brief

Mutual Funds Administration Licence Application Requirements

In order to provide mutual fund administration services in or from within the Cayman Islands, a mutual fund administrator’s license is required pursuant to the Mutual Funds law (2015 Revision)…

In Brief

Fact Sheet – Redomiciliation of An Exempted Company out of the Cayman Islands

Legislation applicable Companies Law (2018 Revision) of the Cayman Islands (the “Law“). Redomiciliation Process De-registration by way of continuation (“De-registration BWOC“). Authority in Cayman to which application for De-registation BWOC…