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This park has been designed to attract maritime services businesses to assist in the establishment of the Cayman Islands as the largest maritime cluster in the region.
Easing the process of establishing incubator funds and approved funds.
The major re-working of Bermuda’s partnership product further enhances the overall appeal of Bermuda as a premier domicile for partnership formation.
With the creation of the Special Purpose Insurer vehicle Bermuda has become the dominant jurisdiction for the majority of all new cat-bond transactions.
The deadlines for BVI RFIs to enrol with, and report to, the BVI International Tax Authority (the “BVI Tax Authority”) have been extended.
Since our last edition three Bermuda companies have completed listings on the NYSE and Nasdaq.
The Cayman Islands Tax Information Authority (the TIA) has confirmed that notifications may be submitted on or before 21 May 2015.
Clarification on a liquidator’s authority in relation to anti-suit injuctions and more.
This article provides a reminder of the impending deadlines and action that is required for those BVI entities that are classified as ‘foreign financial institutions’ for the purposes of FATCA.
Cayman has taken a creditor-friendly approach to implementation.