Most Read Contributor in British Virgin Islands, January 2017
Part A – Investment Fund Obligations
Note in particular that penalties frequently apply for late
filings and so the registered office should be informed promptly of
any notifiable changes to allow the appropriate filing/s to be
The following covers the requirements of an investment fund in
the Cayman Islands assuming it is a 'Reporting Financial
Anti-Money Laundering Obligations
Part B: Exempted Limited Partnerships
Please see our Guide to Private Equity in the Cayman Islands for
details of exempted limited partnerships established in the Cayman
Islands under the Exempted Limited Partnership Law (the
1 Tax Information Authority (International Tax
Compliance) (United States of America) Regulations (US
2 Please speak to your usual Harneys contact if you
believe that your fund is not a Reporting Financial
3 Tax Information Authority (International Tax
Compliance) (Common Reporting Standard) Regulations
4 Tax Information Authority (International Tax
Compliance) (United Kingdom) Regulations (UK
5 Current Schedule 3 jurisdictions are Argentina,
Australia, Austria, Bahamas, Bahrain, Barbados, Belgium, Bermuda,
Brazil, British Virgin Islands, Canada, Cyprus, Denmark, Finland,
France, Germany, Gibraltar, Greece, Guernsey, Hong Kong, Iceland,
India, Ireland, Isle of Man, Israel, Italy, Japan, Jersey,
Liechtenstein, Luxembourg, Malta, Mexico, Netherlands, New Zealand,
Norway, Panama, People's Republic of China, Portugal,
Singapore, Spain, Sweden, Switzerland, Turkey, United Arab
Emirates, United Kingdom and United States of America.
6 Where per day penalties apply, the Registrar may cap
the total penalty payable at CI$1,000 / US$1,220 if satisfied that
the failure is not due to wilful default.
7 At least one general partner must be an individual
resident in the Cayman Islands, a company incorporated in the
Cayman Islands, a company registered as a foreign company in the
Cayman Islands, a limited liability company registered under the
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