Photo of the Remarkables mountain range in Queenstown, New Zealand.

Archive for June 1st, 2016

CIG and Cayman Finance sign another deal

CIG and Cayman Finance sign another deal

| 01/06/2016 | 2 Comments

(CNS Business): The offshore industry body, Cayman Finance, has signed a new memorandum of understanding with the Cayman Islands Government to further cement their improved working relationship. When the first MOU between Cayman Finance and the financial services ministry was signed in 2013, both parties said benefits for the sector would be derived from implementing […]

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Dart buys Little Cayman businesses

Dart buys Little Cayman businesses

| 01/06/2016 | 50 Comments

(CNS Business): Dart Realty (Cayman) Ltd is spreading its business empire onto Little Cayman with the acquisition of Paradise Villas and the Hungry Iguana restaurant. The Cayman Islands largest landowner, investor and developer confirmed it had agreed to buy the businesses in a release on Wednesday, in which officials also said they wanted to preserved […]

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Court calls stamp duty findings into question

Court calls stamp duty findings into question

| 01/06/2016 | 0 Comments

(CNS): Cayman’s finance ministry may need to review how it assesses stamp duty on property sales following a court ruling that where property is exchanged in an arm’s-length properly marketed transaction at a reasonable market rate, the government had no business re-assessing its value for stamp duty purposes. The recent decision of the Grand Court […]

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Over-development undermining tourism

Over-development undermining tourism

| 01/06/2016 | 27 Comments

(CNS Business): The Cayman Islands tourism industry is at a crossroads and officials are worried that the quality of the experience for visitors is deteriorating due to the success of the sector, the number of visitors and the pace of development, especially around Seven Mile Beach. In a request for proposals for consultants to help […]

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