Agreements Reached with Nordic Countries

Published 11th March 2009, 2:48pm

The Cayman Islands and the seven Nordic countries successfully concluded technical negotiations on a series of bilateral agreements, including tax information agreements, at a meeting between the respective delegations held 5-6 March 2009, in Copenhagen.

These were second-round negotiations, the first round having taken place in the Cayman Islands 17-18 April, 2008.

“We are very pleased to see these agreements come to fruition with our Nordic Group partners. It is proof of what can be achieved when parties approach negotiations in a fair

manner, and we are keen to continue this trend, involving, on our part, effective arrangements

for the provision of information on tax matters,” said the Minister for International Financial

Services Policy, the Honourable Alden McLaughlin. “This is further evidence that the Cayman

Islands does not trade on secrecy or illicit tax activity.”

The seven tax information agreements are currently going through the political authorisation

process on both sides, to enable execution at a signing ceremony to be conducted in

Stockholm in April 2009. The collateral commercial agreements will be signed in mid-June at

the Embassy of the Kingdom of Norway in Paris.

For more information:

Cayman Islands Nordic Countries

Ted Bravakis Torsten Fensby

Director, Public Relations Unit Project Manager

Portfolio of Finance & Economics Nordic Council

P +1 (345) 244 2266 E torsten.fensby@wanadoo.fr

E ted.bravakis@gov.ky

Notes to Editors

�� The Nordic countries comprise Denmark, Faroe Islands, Finland, Greenland, Iceland,

Norway and Sweden.

�� The agreements will be published on signature, in April 2009 and June 2009

For more information, please contact the Financial Services Secretariat at 345-244-2278 or via email at financepr@gov.ky.