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One of the oldest organisations in these islands is the Cayman Islands
Shipping Registry (CISR), established in the port of George Town in
1903. Through an aggressive programme of expansion, coupled with an
international pool of skilled professionals who are backed by a
state-of-the-art 24/7 technology platform, the Cayman Registry has
grown to become the world’s ... Having achieved White List status in August 2009 after signing its 12th
Tax Information Exchange Agreement with New Zealand, the Cayman Islands
has since signed its 14th bilateral TIEA in October, this one with the
Netherlands, in an attempt to stay ahead of the OECD’s shifting
goalposts. Emerging as one of the leaders in the global financial offshore industry was no accident for the Cayman Islands. In fact, such good fortune was crafted from a very strategic union between private sector innovators and public sector movers and shakers at a time when all the Cayman Islands needed was an opportunity to grow. The Cayman Islands’ approach to the development of the financial services sector recognises that an appropriate regulatory and international cooperation environment is not an impediment to, but rather a key driver of, commercial success. Unfortunately, the focus of the global economic crisis has resulted in various initiatives driven by larger, more politically powerful countries, including legislative proposals before the US Congress targeting the use of offshore financial centres by US firms... Here in the Cayman Islands, it is the Cayman Islands Monetary Authority that has been charged with establishing and overseeing the regulatory foundation and framework on which the country’s financial services industry has been constructed.
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