Sunday, May 19, 2019

Cayman soars in Global Financial Centres Index

The Cayman Islands jumped from 29th to 21st position in the twenty-fifth edition of the Global Financial Centres Index.

Economic forecasting: Is its predictive power fading?

One of the challenges that many investors have faced in interpreting economic forecasts is the fact that despite the predictive relationship of the data there are always questions left unanswered regarding cause and effect (the chicken and egg dilemma).

Beyond towers: CEO speakers provide glimpse into the future

Premier Alden McLaughlin’s announcement that Dart is planning an “iconic tower” that would “greatly exceed” the territory’s 10-story building limit was the biggest news to come out of last week’s Cayman Economic Outlook conference.

Special Report: Record tourism drives resort boom

Grand Cayman has been seeing a wave of new hotel developments catering to the luxury travel market.

Special Report: Residential real estate market takes off

By all accounts, the residential real estate market in the Cayman Islands is in boom territory, as demand increases, the economy continues to be healthy, and consumer confidence is on the rise.

Government to set up trade and investment ministry, regional offices

When Premier Alden McLaughlin announced the creation of a new trade and investment ministry last year, together with a regional office in Hong Kong, he justified the unusual mid-term move with the ever-changing international regulatory landscape for the financial services sector.

Invested in a market that has lost 80%? Not a problem for these fund...

Some investors might be unsettled by the volatility of a crypto market that is plagued by scandals and the ups and downs of Bitcoin, which has created and destroyed fortunes for the past eight or nine years.

Industry players see new opportunities in reinsurance

The Cayman Islands is capitalizing on new opportunities in the reinsurance market after 75 percent of the 33 new insurance and reinsurance companies established in Cayman last year were linked to the reinsurance space.

New law on validity of wills in Cayman offers ‘greater flexibility’

The new Cayman Islands’ Formal Validity of Wills (Persons Dying Abroad) Law 2018, which came into effect on Feb. 1, 2019, offers far greater flexibility for international clients who wish to invest in and do business in the Cayman Islands, according to a leading private client lawyer in the jurisdiction.

Immigration: Pitfalls for the unwary in residency rights

Are you a permanent resident or do you have the right to remain permanently?Both the same, right? In my mind, fundamentally, yes. Under the Immigration Law of the Cayman Islands, seemingly not. Unexpected twists and pitfalls await the unwary.

Cruise pier development: a boon or a bane for George Town Central?

IRG Real Estate Ltd. broker Jeremy Hurst moved to Cayman in 1988, and around that time government was developing a transportation plan that included the revitalization of George Town Central.

Cayman’s financial services showcased to New York audience

Cayman Finance hosted a pair of events in New York on Jan. 22 to showcase the strength of the Cayman Islands financial services industry and its benefits to global partners, particularly those in the United States.

Immigration Law paves way for bright future

Daniel Altneu The new Immigration (Transition) Law, 2018 and Customs and Border Control Law 2018 came into force on Feb. 1 by Order of Cabinet....

Market Watch: Emerging threats to developed markets

One of the most significant trends over the last decade has been the increasing influence of politics in the financial markets of advanced economies.

Global corporate tax reform set to receive unexpected push – from the US

There is growing consensus to support a U.S. proposal for the reform of global corporate tax rules, which would limit the ability of multinational companies to shift profits to low-tax jurisdictions, according to the Organisation for Economic Co-operation and Development.

Harmonizing digital and traditional investment through blockchain

With the Securities and Exchange Commission moving to crack down on fraudulent crypto-schemes, the allure of crowdfunding capital through initial coin offerings on blockchain platforms appears to be fading.

Uncertainty remains despite new economic substance rules

Substance legislation passed by lawmakers in December 2018 has laid down the parameters for the way Cayman is responding to pressure by the European Union to reform its tax regime, but many questions remain about the economic impact of the new framework.

Offshore finance centers bracing for substance legislation impact

Cayman’s government and financial services industry professionals have had mixed reactions to the territory’s recently passed economic substance legislation, with some expressing cautious optimism that the new laws will increase investment in the islands, while others are bracing for an exodus of companies.

What’s brewing in housing?

Financial markets were hit with an onslaught of weak economic news across the housing sector recently.

Economist: Close gender gap to boost economy

Cayman Islands women are a significant under-used resource that could fuel further growth in the islands economy, according to the keynote speaker at the annual tourism conference last month.
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