Cayman Investment Funds In Europe

In July 2016 European politics were profoundly shaken when UK voters unexpectedly opted by a narrow margin in a referendum for the UK to "Brexit" the EU. It is too early to say whether a Brexit means the UK will completely leave the EU or retain some sort of affiliated membership (like the EEA countries). UK-EU negotiations will likely go on for a few years after the UK formally triggers the exit process under Article 50 of the Treaty of Lisbon so it will be quite some time before these details become clearer. The task of unbundling decades of legal, regulatory and tax integration is a complex and unprecedented undertaking.

CAYMAN AND BREXIT

Although the Cayman Islands is a British Overseas Territory, it is not a Member State of the EU so Cayman's own position will not be directly changed by Brexit. For the time being it will be business as usual for Cayman domiciled investment funds and companies with European focused activities.