Published: Country Profile Cayman Islands - Wealth Wise, Summer 2010

Country profile: Cayman Islands
Karl Jordan, CPA

The Cayman Islands is noted, among other things, for its warm tropical climate and pristine sandy beaches.  But it is also one of the world’s leading providers of specialist financial services and a preferred destination for hedge funds.

Cayman is a politically stable, English-speaking dependent territory of the UK.  It is recognized as a safe offshore investment centre and is the domicile of choice for hedge fund registration, despite the sustained efforts of other jurisdictions to eliminate this advantage.  Its legislative framework is based on a well-established legal system of English Common Law and its resource of financial service professionals provides hedge fund creators, service providers and investors with a sense of security and confidence in Cayman as a hedge fund domicile.

Cayman’s financial services regulator, Cayman Islands Monetary Authority (CIMA), supervises over 9,000 CIMA-regulated hedge and mutual fund registrations.  Global investors and financiers enjoy flexibility in fund investment and risk management objectives under the framework of clear and carefully enforced laws and regulations.

Cayman is highly regarded for its world class expertise in finance, legal, accounting and fund administration.  Moore Stephens Decosimo Cayman Limited offers personal and financial-oriented guidance for wealth protection and asset growth.  The office provides professional resources to a large number of hedge and mutual fund clients along with specialist services for, among others, family office organizations.  If you think we can help with your financial planning, and would like more details, please contact Karl Jordan.

Click here to read the article at the Moore Stephens website.