Business
New laws to shake up offshore sector
(CNS): Government has unveiled three new bills that will result in fundamental changes to the way some exempted companies do business in the Cayman Islands. Just weeks before the European Union’s deadline for offshore financial centres to address requirements over what it sees as unfair tax pr [...]
Conference to ask if property boom can last
(CNS): The question of whether or not the local real estate boom of recent years is sustainable will be one of the main topics of discussion at the Cayman Islands Property and Construction Conference, to be held in March next year, hosted by the Cayman branch of RICS, the professional body of quanti [...]
General registry reveals record-breaking statistics
(CNS): The number of registered companies in the Cayman Islands reached an all-time high, according to statistics released by the Cayman Islands General Registry. At the end of September there were 106,291 active companies on its register, after a steady increase since the same time last year, whic [...]
Smith Cove ‘business’ stirs up concern
(CNS): The public beach area at Smith Cove (Smith Barcadere) has come under scrutiny by local activists and the broader community after revelations that a local tour company is using the location for snorkelling tours for cruise ship passengers. Others may also be using it as a place to rent paddle [...]
CIG looks to smooth local charity troubles
(CNS): More than 400 churches, sports clubs, community groups and charities in the Cayman Islands that are registered with government have been experiencing major administrative headaches as a result of the Non-Profit Organisations Law, 2017, which was implemented to deal with the risks posed by of [...]
Hew heads to Bahamas to discuss planning resilience
(CNS): Planning and Infrastructure Minister Joey Hew is on his way to the Bahamas this week to join fellow planning ministers from around the region to discuss how resiliency and climate change issues are shaping regional policy making. The third Caribbean Infrastructure Forum (CARIF2018) opens on T [...]
CEC breaks ground on long-awaited ‘city’
(CNS): Cayman Enterprise City has broken ground on the long promised US$500 million dollar master planned development for global knowledge-based businesses, which officials claim will put the Cayman Islands at the forefront of the technology-driven business world. The special economic zone was origi [...]
Public cheers arrival of new CAL plane
(CNS): Hundreds of people came out Friday evening to welcome the first of Cayman Airways’ new fleet of aircraft at Owen Roberts International Airport. The new Boeing 737 Max 8, the first in the region, tipped a wave during a fly-by before landing around 5pm to cheering crowds and a water salut [...]
Former Compass owner Brian Uzzell dies
(CNS Local Life): Brian Uzzell, longtime owner and publisher of the Caymanian Compass newspaper, died this morning (Friday, 30 November) in his Florida home at the age of 82 after a long illness. For 40 years Uzzell was a major figure in the media business in Cayman and saw his Cayman Free Press thr [...]
Deutsche Bank raided over Panama Papers link
(CNS): German law enforcement officials have raided the Frankfurt headquarters of Deutsche Bank in a money laundering investigation connected to the notorious Panama Papers. German prosecutors allege that two staff members at the bank helped clients launder money from criminal activities using off [...]
