Lowtax Network

Back To Top

Cayman Islands: Law of Offshore

Table of Statutes

This page was last updated on 28 June 2019.

This is a non-exhaustive list of the main Cayman Islands statutes affecting offshore and non-resident business. The statutes are listed in alphabetical order – click on the statute for a fuller description of the statute, the legal regime it forms part of, or in some cases the text of the law.

Banks & Trust Companies Law 1995, amended 2003 and 2009
Companies Law 1995
Companies Law (2007 Revision)
Companies (Amendment) 2009 Law
Confidential Relationships (Preservation) Law 1995
 
Exempted Limited Partnerships Law 1991 
Fraudulent Dispositions Law 1989
Immigration Law 1992
Immigration (Amendment) Act 2010
Insurance Law 1979 (as amended)
Local Companies (Control) Law 1995
Maritime Authority Law 2005 
Mutual Fund Law 1993 as amended
Partnership Law 1995 
Perpetuities Amendment Law 1997
Perpetuities Law 1995
Proceeds of Criminal Conduct (Amendment) (Foreign Offences) Law 1999

Proceeds of Criminal Conduct Law 2008 
Registration of Merchant Ships Law 1991
Securities Investment Business Law (2001) as amended
Segregated Portfolio Company Law 1998 
Special Trust (Alternative Regime) Law 1997
Stamp Duty Law 1995
Stock Exchange Company Law 1996 
Trade and Business Licensing Law (1995 Revision)
Trust (Foreign Element) Law 1997
Trust Law (1996 Revision)

The Cayman Islands Monetary Authority (CIMA) became the 189th member of the International Organization of Securities Commissions (IOSCO) in June 2009 when it was formally admitted as an ordinary (i.e. full) member during the meeting of the Presidents' Committee at IOSCO's 34th Annual Conference in Tel Aviv.

With the admittance, CIMA also officially becomes a party to the IOSCO Multilateral Memorandum of Understanding Concerning Consultation, Cooperation and the Exchange of Information. CIMA signed the MMOU, which is the benchmark for international cooperation among securities regulators, on 24 March 2009.

IOSCO is the principal global standard setting body for the regulation of securities markets. Its objectives encompass cooperation and information exchange, standard setting and surveillance, and mutual assistance.

In 2009, the Companies (Amendment) Law, 2009, effective 11 May 2009, introduced a simpler mechanism for company mergers and consolidations without the need for court approval.

 

 

Back to Cayman Islands Index »