Special Report on
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Our Board of Directors is comprised of the following dedicated, experienced, and well-respected members of the Cayman Islands financial services industry. Their broad range of skills and experience provides our association with the strong and capable leadership our industry needs to continue to prosper in the ever changing landscape of global finance. Chairman of the Board for the Cayman Finance. Mr. Travers is also the Chairman of the Cayman Islands Stock Exchange and former Managing Partner for international law firm Maples and Calder. He has over thirty years experience in all aspects of Cayman Islands law, particularly ...
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Legal seminar addressed financial regulatory issues | Industry News
The recent Regional Central Bank Legal Seminar hosted by the Cayman Islands Monetary Authority (CIMA) highlighted a number of issues impacting central banks / financial regulators and their legal advisers. The seminar was the eighth biennial gathering since legal advisers from the Caribbean first met in 1991 to discuss developments and ongoing issues in financial sector regulation and to learn from each other. This year's workshops focussed on the legal risks, immunities and responsibilities of financial regulators. Some 34 participants attended from 14 regional regulatory authorities as well as speakers from the USA and ...
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Although the Cayman Islands Chamber of commerce has offered its support to government for its key strategies in its three year plan it has raised concerns over this year’s budget. The business body said the 25 cent import duty adjustment on a gallon of fuel was a significant burden and was disappointed that MLAs had rejected the 20% pay cut. The chamber said its council was still reviewing this year’s budget and will release its full findings to the community when the assessment was complete. The chamber called on government to create a favourable environment for business ... Read More
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Though it is not yet known what effect a draft law to tighten hedge-fund regulations might have in Cayman, the local financial services industry has raised objections to the proposal approved this week by European Union finance ministers. The draft law, known as the Alternative Investment Fund Managers Directive, has also drawn objections from the UK and the US, according to Bloomberg news service. Europe has agreed to “strict” new curbs on the trillion-dollar industry despite stiff resistance from fledgling British finance minister George Osborne, Agence France-Presse (AFP) reported. The EU finance chiefs, tired of ...
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today released "Behind the Scenes," a research report examining critical factors – from talent to distribution – impacting entertainment project finance and production company profitability. The report features the results of a survey of 141 production company executives, conducted in the first quarter of 2010. Findings reveal that more than 63 percent of respondents believe that attracting name talent to a project remains a critical factor in obtaining financing now, and over three-quarters suggest that this will be very important factor in three years. Nearly 54 percent of survey participants indicated ...
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show that Bill Clinton,
61, has a financial stake in three investment entities registered
in the Cayman Islands by Burkle's Yucaipa Cos. LLC. In 2004, Hillary Clinton, a New York senator, said she
wanted to close the ``loopholes'' for ``people who create a
mailbox, or a drop, or send one person to sit on the beach in
some island paradise and claim that it is their offshore
headquarters.'' The former president's possible decision to move away from
Burkle ``is all tied up with the laws of appearance and the
politics of perception,'' said Linda Fowler , professor of ...
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RELATED NEWS
McKeeva Bush hit back at public criticisms regarding Cayman Airways funding on Friday, when he said that the airline had been running at an annual $20 million loss under the previous administration. The premier said under the last government CAL was underfunded and crippled by financial challenges which it had ignored. The new board has made a commitment to turning the company around and is facing the difficulties in an open and transparent manner, he added. After so many years of funding short falls under the PPM, the new management planned to get the airline back on a sound footing and therefore needed the right level of ...
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/CNW/ - Etruscan Resources Inc. ("Etruscan", TSX:EET) and Endeavour Financial Corporation ("Endeavour", TSX:EDV) are pleased to announce that they have entered into a definitive arrangement agreement by which Endeavour will acquire all of the shares of Etruscan that Endeavour does not already own. Endeavour currently owns 55% of Etruscan and will acquire the remaining 45% of Etruscan via a court-approved plan of arrangement (the "Arrangement"). Under the Arrangement, Etruscan shareholders will receive total consideration of C$0.48 per Etruscan share comprised of C$0.26 in cash plus 0.0932 of an Endeavour share, representing a ...
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INFORMATION RESOURCES
biggest industry concentrations are banking and finance, metals and mining ... above news sources illustrate, the activities of many Cayman companies are ...
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Area: 259 sq. km. (100 sq. mi.) on three islands: Grand Cayman (76 sq. mi.), Cayman Brac (14 sq. mi.), and Little Cayman (10 sq. mi.). Capital: George Town (pop. 20,626) (1999 Census). Terrain: Low-lying limestone base surrounded by coral reefs. Climate: Tropical. People Nationality: Noun and adjective --Caymanian(s). Population (2009 est.): 55,400. Annual growth rate (2009 est.): 2.2%. Ethnic groups: Afro-European 40%, African 20%, European 20%, other 20%. Religious affiliations: United Church, Anglican, other Protestant, Roman Catholic. Language: English. Education: Years compulsory --to age 16. Literacy (age 15 and over)--98%.
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(L to R): Jan-Michael Maw (Director of Student Services), Pouya Aghajafari (3rd semester SGA Representative), Hemant Balgobin (CI Red Cross), Valerie Capuy (SGA Vice-President), Annie Majoka (4th semester SGA Representative), Maria Riccardo (3rd semester SGA Representative) Students and employees fundraised over $3,300 to help the devastated nation of Haiti through internal activities. The Student Government Association organized a couple social activities where all proceeds would go to the relief of Haiti. The Student Government Association’s Vice-President, Valerie Capuy, presented the Cayman Islands Red Cross with a check on ...
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QUESTIONS AND ANSWERS
I can answer questions on jobs and careers in offshore financial services including accounting, captive insurance, hedge fund, and audit jobs in the Cayman Islands, Bermuda, BVI and elsewhere in the offshore world.
I cannot answer questions in relation to jobs in the hospitality industry, construction, diving, or medical profession. Experience 5 years with KPMG in the UK and the Cayman Islands, including at management grade. 2 years as Captive Insurance Manager and Financial Controller. 3 years as recruitment consultant specialising in offshore accounting and financial services jobs, working with many of the world's best ...
I'm assuming it's for the tax benefits. How do they transfer the money out of the US without being taxed? Member since: August 24, 2006 Total points: 16313 (Level 6) You are correct. It is tax free. There are currently no comments for this question. * You must be logged into Answers to add comments. Sign in or Register . Member since: July 10, 2006 Total points: 7902 (Level 5) It's not that the money they transfer out is tax free... it's the interest they gain from that money that is. For example, let's say you make $1m on a business transaction in the US. You wil have to pay taxes ...
