On 30 August 2017, the Department of International Tax Cooperation issued an update with respect to U.S. FATCA and the Common Reporting Standard:

The penal withholding tax provisions of FATCA are making it difficult for US citizens to do business with foreign (non-US) financial institutions

We're bringing you bite size insights and a fresh point of view on current legal trends and forces shaping the market for those doing business with the Cayman Islands.

It can be a highly useful exercise to examine any identifiable challenges in the annual reporting process.

Grand Cayman, 31 January 2023 – The Accountants (Amendment) Act, 2022, and two regulations that support its provisions; and The Accountants (Quality Assurance) (Amendment) Regulations...

The Regulatory 15/15 is a monthly regulatory webcast released on the 15th day of each month and lasts for 15 minutes.

Pursuant to an industry advisory dated 19 July 2017, the Department for International Tax Cooperation has announced a final extension of the 2017 Reporting Deadline for FATCA and CRS to 31 August 2017.

The Cayman Islands Institute of Professional Accountants has welcomed Marilyn Layne as its new Director of Education & Training, overseeing all aspects of CIIPA's...

Opting for the voluntary liquidation of your Cayman company when it has naturally reached the end of its life cycle can save on entity dissolution costs, explains Amrish Bhugoo, Senior Vice-President

Ensuring clarity in legal definitions, and allowing additional licensing conditions for public accountants, are two of three key provisions of the Accountants Bill, 2022.

If your Cayman company has naturally reached the end of its life cycle, making an early start to the dissolution process means you will avoid several fees including 2023 annual government,...

As previously advised, all companies existing before 1 April 2016 (each an "Existing Company") were required to file particulars of their current directors with the Registrar of Corporate Affairs (the "Registrar").

Bringing on an outside team to handle accounting and reporting can help alternative asset managers focus on their core competencies.

While many may envision accountants sitting behind computers with spreadsheets and pencils, their unique position often places them as guardians of the public interest.

The Cayman Captive Forum (CCF) is celebrating its 30th anniversary as today's event is universally recognised as the largest captive insurance conference in the world.

The Cayman Islands Society of Professional Accountants' (CISPA) story began in 1970 when Cayman's financial services was in its infancy.

A handful of small business owners are getting free consultations from University College of the Cayman Islands (UCCI) business students.

As 2026 draws to a close, Cayman Islands entities nearing the end of their lifecycle should prepare for voluntary liquidation and dissolution. Understanding the critical year-end deadlines...

New rules relate to contents of offering documents, segregation of assets and the calculation of asset values.

Historically, owing to differences in accounting standards, many financial institutions have offset more assets with liabilities under US GAAP than under IFRS.