News and Publications

Offshore Corporate Services

  • Duties of Directors of a Cayman company

    What are the duties of a Director of a Cayman Islands’ company? The constitutional documents of a Cayman Islands company, the Memorandum of Association and the Articles of Association (“Articles”), set out the governance rules and the powers of the Directors of the company. However, the Directors also owe fiduciary

  • Cayman Economic Substance and Its Impact on Fund Managers

    Cayman Economic Substance and Its Impact on Fund Managers The Securities and Investment Business (Amendment) Law 2019 (the "SIB Amendment Law") and the Directors Registration and Licensing (Amendment) Law, 2019 were both passed by the Cayman Islands Government on 18th June 2018. Cayman Economic Substance and Its Impact on Fund

  • Economic Substance requirements for Cayman Islands companies

    Economic Substance requirements for Cayman Islands companies

    The Cayman Islands International Tax Co-operation (Economic Substance) Law, 2018 (the “Economic Substance Law”) came into effect on 1 January 2019. The Economic Substance Law will be implemented, including by further regulations and guidance to be provided, by the Cayman Islands Tax Information Authority (“TIA”). All international offshore financial centres

  • What Guidance for Cayman Companies Undertaking an ICO?

    What Guidance for Cayman Companies Undertaking an ICO?

    As at the date of this publication, there is still no specific regulation in the Cayman Islands addressing ICOs and blockchain technology. However, several of the existing laws and regulations are applicable to blockchain start-up companies and their pre-ICO and ICO operations. Also, a recent series of statements have been

  • The benefits of Segregated Portfolio Companies for Investment Purposes

    The benefits of Segregated Portfolio Companies for Investment Purposes

    Once registered under the Cayman Islands Companies Law, a segregated portfolio company (“SPC”) can operate segregated portfolios (“SPs”) with the benefit of statutory segregation of assets and liabilities between portfolios. The principal advantage of an SPC over a standard exempted company is to protect the assets of one portfolio from

  • Foundation Companies can now be incorporated in the Cayman Islands

    Foundation Companies can now be incorporated in the Cayman Islands

    With effect from 19 October 2017, it is possible to incorporate Foundation Companies in the Cayman Islands. The Foundation Companies Law, 2017 (the “Law”) allows for the formation and/or registration of a new Cayman Islands corporate vehicle: the Foundation Company. A Foundation Company will be governed by the Companies Law,

  • Cayman Islands Limited Liability Companies

    Cayman Islands Limited Liability Companies

    The introduction of the Cayman Islands limited liability company (the "LLC") corporate structure in 2016 by the Limited Liability Companies Law, 2016 (the "LLC Law") has so far been proven attractive for general partner entities and other carried interest distribution vehicles. The LLC has the benefit of being (like a

  • Introduction of Foundation Companies in the Cayman Islands

    Introduction of Foundation Companies in the Cayman Islands

    The Cayman Islands government published the Foundation Companies Bill, 2016 in December 2016 to allow for the formation of a new Cayman Islands corporate vehicle: the foundation company. It is anticipated that the new Foundation Company structure will, among other things, (1) create a number of uses for private clients

  • The Cayman Islands Beneficial Ownership Regime

    LEGAL UPDATE The introduction of a regime to register the beneficial owners of Cayman Islands’ companies and LLCs takes effect on 1 July 2017 Introduction In line with the transparency and compliance efforts that made the Cayman Islands one of the early adopters of the Common Reporting Standard (CRS) and

  • How to Run a Business in the Cayman Islands & British Virgin Islands

    How to Run a Business in the Cayman Islands & British Virgin Islands

    The Cayman Islands and the British Virgin Islands (BVI) both provide offshore corporate structures for international investors for use as, among other things, holding companies to facilitate the structuring of investments. Company formation in both the Cayman Islands and the BVI is relatively straightforward. This infographic provides more information about