"The jurisdiction operates under English common law, with final appeals to the UK Judicial Committee of the Privy Council, providing international investors with a predictable legal foundation. In 1966, Cayman enacted cornerstone financial legislation (including the Banks and Trust Companies Regulation Law) that kick-started the industry. Coupled with no direct taxes on income, companies, capital gains, or inheritance, the result is a durable hub that allocators recognise."
"Under the Private Funds Act (2025 Revision), a private fund must apply to CIMA within 21 days of accepting capital commitments and must be registered before receiving capital contributions. After registration, private funds must notify material changes within 21 days, file the Fund Annual Return (FAR) with audited financial statements within six months of the financial year-end, and maintain valuation policies and procedures that meet regulatory expectations."
Cayman remains a primary base for global allocators and family offices because of a familiar legal toolkit, deep service-provider markets, and widespread investor familiarity with operational playbooks. The jurisdiction operates under English common law with final appeals to the UK Judicial Committee of the Privy Council, offering international investors a predictable legal foundation. Foundational financial laws enacted in 1966 and the absence of direct taxes on income, companies, capital gains, and inheritance underpin a durable financial hub. The Private Funds Act (2025 Revision) requires funds to apply to CIMA within 21 days of accepting commitments, register before receiving capital, and meet reporting, valuation, and notification obligations. Multiple vehicle options, including exempted companies, segregated portfolio companies, and partnerships, enable sponsor-LP alignment and multi-strategy structuring.
Read at London Business News | Londonlovesbusiness.com
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