(a) The offshore jurisdiction with the largest number of
alternative investment funds is the Cayman Islands, which is
internationally compliant, committed to information exchange,
well-regulated, cooperative and transparent;
(b) Offshore alternative investment funds are good for
investors, including pension funds, sovereign wealth funds,
not-for-profit organisations and charities – and their
(c) Offshore alternative investment funds are tax neutral,
eliminating duplicative layers of taxes which unfairly diminish
stakeholder returns. They do not affect onshore tax revenues as
investors pay their taxes in their home jurisdictions;
(d) Offshore alternative investment funds are transparent, being
at the cutting edge of regulatory and tax compliance and
information exchange, including FATCA and CRS;
(e) Offshore alternative investment funds are flexible, cost
effective access to more fund managers and more sophisticated and
diversified investment strategies;
(f) Offshore alternative investment funds act to pool global
capital, bringing worldwide investors together; and
(g) Offshore alternative investment funds are good for the
global economy, providing liquidity to markets, providing
alternative sources of financing to developing and developed
economies, creating significant jobs and generating tax revenues in
onshore financial centres.
If your clients or stakeholders ask "Why are we in the
Cayman Islands?", the AIMA paper should present an ideal
1 AIMA is an onshore-based global funds industry
organisation with a worldwide membership and access to
on-the-ground expertise in key onshore and offshore
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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This webcast focuses on the impact FATCA and CRS are having on structured finance vehicles set up in the BVI, Cayman Islands and Ireland and covers in detail the impending reporting and notification deadlines in each of these jurisdictions.
Investment funds with high net worth individuals as investors will need to have a client agreement with their high net worth investors.
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