Clients are reminded of the following important filing dates for Financial Institutions (FIs) under the CRS and FATCA Regime and Economic Substance regime filings with the Tax Information Authority in the Cayman Islands. Additionally, clients are...
The revised law applicable to Exempted Limited Partnerships (“ELPs”), the Exempted Limited Partnership Act (2014 Revision) (the “Law”), came into force on 2 July 2014.
The purpose of the revised Law is principally to enhance Cayman’s partnership formation framework by providing much more contractual flexibility and to help align the drafting of a Cayman Islands partnership agreement with that of an onshore partnership in, for example, master/feeder structures.
Click here to download and read our detailed legal update PDF on ELPs.