News & Insights

Chinese Investment Could Hold Key to Future of Grand Cayman Wealth Management

“China, and in fact the wider Asia region, is a major player in global investment in infrastructure projects around the world,” Scott told delegates. “Cayman is an excellent extender of value for businesses in these markets, pooling capital from around the world for investment in assets and projects in developed and developing countries.

Interestingly, Scott’s comments come at just the time that the Cayman Islands has appointed a new governor, Martyn Roper, whose previous professional role was as minister and deputy head of mission for the U.K. in Beijing, China. His presence will surely further encourage Chinese investors to make the most of the autonomous region’s world class regulatory standards and financial management industry.

Crucially, the move means that Grand Cayman wealth management services providers are likely to see the territory become an even more attractive jurisdiction to expat investors and those seeking favourable wealth management options for the optimisation and diversification of their assets: Chinese investment opportunities are going to be a big part of global economic growth over the next few decades.

Wealth Management in Grand Cayman

The Cayman Islands is attractive to all kinds of institutional, government and private investor. This is because of its commitment to world-class levels of regulation and innovation.

Blacktower FM has its finger on the pulse and can help you from its office in George Town. From pension planning and pension transfer schemes to savings, investments and tax planning – we cover the full spectrum of Grand Cayman wealth management concerns. For more information, contact us today.

Other News

Expat financial advisors in Grand Cayman

A move from the UK to the Cayman Islands is, by very definition, a bold one. However, for the majority of expats who undertake such a life change, it is not one that they will regret. This is because, if you get your financial advice and wealth management in order, chances are that you will be able to enjoy all the benefits that go with living in one of the world’s true natural paradises.

Dealing with HMRC

Before any would-be Cayman Island resident leaves the UK, he or she should fill out HMRC’s form P85. This ensures that you have the opportunity to get your tax and residency status right and is particularly important if you will continue to have UK tax to pay – for example, if you have a UK-based business, a rental income, or are the director of a company.

Considerations include being listed as a non-resident landlord so that rent can be paid without UK income tax, splitting the tax year into resident and non-resident periods, and addressing the issues around capital gains tax.

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NEWS WRAP – PLSA Publishes UK Retirement Living Standards

Older Couple ShoppingThe Pensions and Lifetime Savings Association (PLSA) has published a guide to UK Retirement Living Standards* as part of a mission to assist people in working towards a prosperous future retirement.

Research by the PLSA found that 51% of retirement investors are overly focused on their current economic needs, with only 23% properly educated on what it will likely take for them to adequately fund their retirement. However, the newly published Standards are designed to address this shortfall by providing investors with the knowledge and guidance they need to picture their future lifestyle.

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