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, which is a 7% growth over
last year, with Limited Liability Companies
(LLCs) representing the bulk of the companies. Cayman
Finance CEO Jude
Scott said investors are attracted to Cayman for a
number of reasons that have helped boost the register.
"Leading institutional investors are engaged in a flight to
quality, moving away from other jurisdictions and investing in
the Cayman Islands in
growing numbers because we have a strong, diversified financial
services industry supported by high standards, a robust legal
system and excellence in service," he said in an associated
press release issued by Cayman's largest investor, Dart, and
published on the international PR news wires.
