Technical Brief for Investment Funds Cayman Islands 2025

The “Approved Manager” regime in the British Virgin Islands (“BVI”) under the BVI’s Investment Business (Approved Managers) Regulations (As Revised) (the “Regulations”) and the BVI’s Approved Investment Managers Guidelines has become the most popular offshore fund manager option since the introduction of Economic Substance requirements in the Cayman...

The Department for International Tax Cooperation ("DITC"), on behalf of the Cayman Islands Tax Information Authority, has issued an Industry Advisory announcing two administrative changes affecting entities subject to the Cayman Islands’ Economic Substance ("ES") regime.

On 20 July 2026, the Cayman Islands Monetary Authority (“CIMA”) gazetted a new Rule on Effective Compliance Programme for the Prevention and Detection of Money Laundering, Terrorist Financing and Proliferation Financing for Financial Services Providers (the “AML Rule”), together with a companion Rule on Compliance with Financial Sanctions...

The British Virgin Islands International Tax Authority has issued an update confirming that improvements have been made to the Economic Substance ("ES") bulk filing functionality within the Virtual Integrated Registry & Regulatory General Information Network platform following the technical and system issues previously experienced with the submission of...