October 1, 2023

Archives for May 12, 2023

12 May Weather in Cayman

Fri 12 May 2023 Weather in Cayman SYNOPSIS Light to moderate winds and slight seas will continue over the Cayman area for the next few days. Radar images show isolated showers moving towards the west-southwest across the Cayman area. Today: Partly cloudy. Winds E at 10-20 mph. Tonight: Partly cloudy skies. Winds E at 10 […]

Music and Dancing Control Amendment Bill Passed in Parliament

Grand Cayman, 15 December 2022 – The Music and Dancing (Control) Amendment Bill, 2022 was passed during the latest meeting of Parliament, which began on 7 December. Presented by the Minister for Financial Services and Commerce, the Hon. André Ebanks, the Bill is intended to equalise economic opportunities for owners of stand-alone bars and sea-going vessels on Sundays. […]

Ministry Advances Work on Jurisdictional Financial Services Strategy

Grand Cayman, 14 December 2022 – The Ministry of Financial Services is undertaking the creation of a medium-term strategic plan for financial services in the Cayman Islands, with the first formal step being today’s posting of a Request For Proposal on the CIG’s Bonfire procurement platform. The Ministry is seeking an external consultant to assist with the […]

Accountants and LLC Amendment Bills Passed in Parliament

The Accountants (Amendment) Bill, 2022 and the Limited Liability Companies (Amendment) Bill, 2022 were passed during the latest sitting of Parliament, which began on 7 October and ended on 10 October. The bills were presented by the Minister for Financial Services and Commerce, the Hon. André Ebanks, with supporting remarks from the Parliamentary Secretary for Financial Services, the Hon. […]

New LCCL Application Requirements Announced

Grand Cayman, 27 September 2022 Companies seeking to operate locally without 60 percent Caymanian ownership must now submit their advertisements for Caymanian participation to the Department of Commerce and Investment (DCI), which is the Secretariat to the Trade and Business Licensing Board, for placement on the DCI website for a period of 14 days.  This […]

Statement on EU Court of Justice Ruling on Business Registers

Grand Cayman, 30 November 2022 – The Cayman Islands Government has seen the Court of Justice of the European Union’s recent judgement regarding business registers in Luxembourg. At present, the Ministry of Financial Services and Commerce is preparing draft legislation to consolidate beneficial ownership legislation into one Act and is currently in the consultation phase with a wide […]

Amendment Bills to strengthen CIMA’s AML Enforcement, Information Sharing passed in Parliament

Grand Cayman, 3 May 2023 – During the latest meeting of Parliament, which took place on 26-28 April, seven amendment Bills that strengthen the Cayman Islands Monetary Authority’s (CIMA) powers to apply proportionate and dissuasive sanctions to all types of legal persons within its supervision were passed. The Bills, presented by the Minister for Financial Services and Commerce, the Hon. […]

Parenting in the Digital Age – What caregivers should know

Image: unsplash Today’s kids will never know a world without technology at their fingertips. They’re growing up in the digital age, and technology will only continue to advance and move forward. As a parent, it’s important to learn and grow with tech, too, especially when it comes to keeping up with your kids.  Growing up […]

Cayman Finance hosts successful International Event “Connecting Cayman: London” to showcase strength of Financial Centre

The Honourable André Ebanks, MP, Minister of Financial Services & Commerce, addresses guests at the Cayman Finance, Connecting Cayman: London event. London, UK – Cayman’s financial services industry was front and centre in London on Wednesday, as Cayman Finance, in partnership with the Ministry of Financial Services and Commerce, hosted the first of its two […]

The role of custom tape in business : Innovative Techniques and Ideas

What is business? When we look for its meaning in the dictionary, we will come across something like business is the way to make money and living by selling products or services, sometimes both. But is that all? This is a technically correct definition for business but does it explain the essence of it? Absolutely […]