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The Cayman Islands is one of the world's leading providers of institutionally focused, specialised financial services and a preferred destination for the structuring and domiciling of sophisticated financial services products.

Cayman Publishes Bills to Further Strengthen Standards

In response to global developments in financial services, the Cayman Islands Government today published three bills that further strengthen our compliance with international standards.

The bills are The Companies (Amendment) (No. 2) Bill, 2018; The Local Companies (Control) (Amendment) Bill, 2018; and The International Tax Co-Operation (Economic Substance) Bill, 2018.

They were produced following the Ministry of Financial Services’ in-depth consultation with Cayman’s local financial services industry, Cayman regulators, the OECD and the European Union. The Financial Services Ministry also joined the Ministry of Commerce to consult with Cayman’s commerce stakeholders.

‘Since January this year, many representatives from more than 15 financial services and commerce associations, as well as Government stakeholders outside of the Ministry of Financial Services, have participated in this consultation.

News Releases

EU Reaffirms Cayman’s Cooperation
The Government is pleased that the Cayman Islands has not been included on the EU’s updated list of non-cooperative jurisdictions for tax purposes (known commonly as the EU blacklist). 15th March 2019, 10:53am
OECD Tax Policy Representatives Visit Cayman
High-ranking representatives from the OECD Centre for Tax Policy and Administration visited the Cayman Islands on 3 and 4 January. 11th January 2019, 1:31pm
Cayman Publishes Bills to Further Strengthen Standards
In response to global developments in financial services, the Cayman Islands Government today published three bills that further strengthen our compliance with international standards. 10th December 2018, 4:06pm

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