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.
Grand Cayman has been seeing a wave of new hotel developments catering to the luxury travel market.
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.
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.
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.
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.
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.
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.
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 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.
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....
One of the most significant trends over the last decade has been the increasing influence of politics in the financial markets of advanced economies.
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.
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.
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.
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.
Financial markets were hit with an onslaught of weak economic news across the housing sector recently.
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.
Bloomberg economist Carl J. Riccadonna said the current “trade war” was more a “trade skirmish” and that globalization was just slowing. Michael Pettis, professor of finance at Peking University’s Guanghua School of Management, in contrast, believes that we have entered a phase of deglobalization.
Cayman is globally renowned for its tourism and financial services, but is not known for having a pharmaceutical industry.