Stable Investment Environment.
The Cayman Islands has enjoyed a stable political, legal, and social environment under a parliamentary democracy
since 1831.
The Cayman Islands Monetary Authority (CIMA) is the primary financial services regulator whose mandate includes
fostering a competitive and internationally recognised financial services industry and ensuring a stable currency. The
official currency, the Cayman Island dollar, is exchangeable and fully backed by the U.S. dollar.
Quality Infrastructure and Support Services.
Financial practitioners are drawn to the Cayman Islands for its substantial professional network, comprising experts in
the areas of fund administration, audit, banking, compliance, legal, insolvency, and related professional services. The level
of expert advice in specialised areas such as alternative investment, captive insurance, risk management, securitisation,
and structured finance is considered some of the best in the world. Cayman’s professionals routinely work with counterparts
in other major financial centres in structuring some of the world’s largest and most complex transactions.
Numerous active professional and industry associations continue to promote professional excellence. These include local
chapters of international bodies such as the Alternative Investment Management Association, Cayman Islands Finance
Administrators Society (CFA) and The Society of Trust and Estate Practitioners (STEP). Domestic associations include,
among others: The Cayman Islands Society of Professional Accountants, The Cayman Islands Bankers Association,
The Insurance Managers of Cayman, and The Cayman Islands Fund Administrators Association. The Cayman Islands
possess one of the highest per capita concentrations in the world of CFA charter holders.
– International Monetary Fund, Assessment of the Supervision and Regulation of the Financial Services Sector in the Cayman Islands
A Commitment to Professionalism and Integrity.
The Cayman Islands is committed to upholding client trust and business integrity across the full scope of its financial
services operations. Cayman recognises that an appropriate regulatory and legal framework fosters good business
practices and market freedoms, whilst upholding the principles of accountability and compliance. Accordingly, Cayman
has invested significant resources and progressively reinforced its cooperation activities with international partners in
the global fight against financial crime.
The Cayman Islands is known for a high level of cooperation between the public and private sectors. Numerous
public-private committees, working groups, and task forces help to ensure that legislative and regulatory developments
keep pace with international standards.
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