Archive for July 28th, 2016

Travers takes aim at ‘delusional thinking’ on offshore finance

Travers takes aim at ‘delusional thinking’ on offshore finance

| 28/07/2016 | 19 Comments
(CNS Business): Anthony Travers, a former Chairman of the Board of Cayman Finance, took aim at critics of low-tax jurisdictions as he joined documentary film maker, Jaques Perretti, on a panel at the IBC Transcontinental Trust Forum in Geneva last month looking at the media portrayal of the offshor [...]

Continue Reading

UK PM signals tax haven clampdown

UK PM signals tax haven clampdown

| 28/07/2016 | 10 Comments
(CNS Business): Just as the Cayman Islands government was feeling confident that its relationship with the British government was better than ever and the UK was beginning to understand and accept the role of the offshore financial sector, the new prime minister, Theresa May, is believed to have ord [...]

Continue Reading

Commerce ministry signs deal to support small businesses

Commerce ministry signs deal to support small businesses

| 28/07/2016 | 0 Comments
(CNS Business): Government is aiming to produce an action plan within the next eight months to help make small and micro businesses in Cayman more viable. Following the signing of an MOU with Cayman Islands Small Business Association and the local Chamber of Commerce, Wayne Panton, the minister with [...]

Continue Reading

DMS expands Dublin operations

DMS expands Dublin operations

| 28/07/2016 | 0 Comments
(CNS Business): After humble begins with just one staff member, local businessman Don Seymour has expanded his firm’s Irish operations and is planning to hire 50 new staff, doubling the workforce at DMS in Dublin. As well as the Cayman HQ DMS also has offices in New York, São Paulo, London, Luxem [...]

Continue Reading

Intellectual Property office to help promote new regime

Intellectual Property office to help promote new regime

| 28/07/2016 | 0 Comments
(CNS Business): As the new legal regime around trademarks, copyright, design rights and patents emerges in the Cayman Islands, government has created a new office to serve as a resource for individuals seeking information on how to protect their original works. The Cayman Islands Intellectual Proper [...]

Continue Reading

DCI to send T&B licences via email

DCI to send T&B licences via email

| 28/07/2016 | 0 Comments
(CNS): The Department of Commerce and Investment (DCI) said that is has begun issuing business licences electronically to improve the licensing process. Against the backdrop of growing complaints that the new regime, which has more checks and balances in the system, has become extremely bureaucra [...]

Continue Reading

New company law will boost business, says Scott

New company law will boost business, says Scott

| 28/07/2016 | 1 Comment
(CNS Business): The CEO of Cayman Finance, Jude Scott, said the Cayman Islands financial services industry has welcomed the new limited liability company (LLC) regime, which came into effect just three weeks ago with the implementation of the  law and the publication of underlying related regulatio [...]

Continue Reading

Butterfield Bank in black with positive outlook

Butterfield Bank in black with positive outlook

| 28/07/2016 | 0 Comments
(CNS Business): The Chief Executive Officer at Butterfield Bank, Michael Collins, said the bank was continuing to see the positive financial impact of acquisitions in trust and wealth management in its offshore markets such as Bermuda, Cayman and Guernsey, as the Bermuda-based bank released its seco [...]

Continue Reading