The Cayman Islands have become the leading offshore jurisdiction for the establishment of mutual funds and private funds. This phenomenal growth has been due in part to the use of innovative legislation and the absence of taxation and exchange controls. This, together with the presence of sophisticated and professional service providers has resulted in the jurisdiction's reputation for responsible supervision and regulation of funds. The attraction of the Cayman Islands for offshore funds has been enhanced by the establishment of the Cayman Islands Stock Exchange (the "CSX") which has enabled funds to obtain listing status where required.
The below Guidance Note highlights the key things to know about registering a fund in the Cayman Islands.
Fund Registration in the Cayman Islands
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.