News & Insights

New Governor Brings Confidence to Financial Management Industry

Although he will hold the post on an interim basis, it is anticipated that Mr Roper will bring the kind of authority, stability and innovation to the role that is likely to see him significantly outlast the initial 6-9 months trial period – news sources report that he would like to have the job for the long-term.

“I am delighted to be appointed to the role by Her Majesty The Queen. It is a great privilege and honour. I take great pride in being part of the Cayman Islands and having an opportunity to serve its people,” Mr Roper told press.

“I will work in a spirit of collaboration and partnership with the Premier, elected politicians and all sectors of society.”

It will be interesting to see how Mr. Roper adjusts from working in Beijing – one of the world’s most densely populated and polluted cities – to being situated in the Cayman Islands, a relatively small and thinly populated island paradise. However, there will be some similarities. For example, in Beijing Mr. Roper regularly worked with cross-border investment professionals; this is likely to continue in the Cayman Islands, as the British Overseas Territory’s prosperity largely depends on the health of the financial management industry.

Financial Management in the Cayman Islands

The Cayman Islands is an important global financial jurisdiction, particularly for UK expats and for those who are committed to the development of offshore businesses.

Blacktower FM has an office in George Town, and our specialists can help you ensure your money works for you. From pension planning and pension transfer schemes to savings, investments and tax planning.

Whether you wish to discuss your general wealth management needs, require SIPPs or QROPS advice, or perhaps you would like to plan overseas asset management, speak with us today.

Other News

The Blacktower Group obtains Cyprus licence

Blacktower Financial ManagementCyprus, June 2020 – In the latest stage of its global growth plans, the Blacktower Group has announced today the complete licencing of its Cyprus entity, Blacktower Financial Management (Cyprus) Limited.

Previously, Blacktower’s EU operations have been based solely from Gibraltar, however following the vote for the UK to leave the EU back in 2016, the business sought to gain regulatory approval and licencing for both IDD and MiFID business in Cyprus.

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Tax Return Deadlines for Expats in the Netherlands

StopwatchIf your expat financial adviser in the Netherlands has not alerted you to the fact already, you should be aware that the deadlines for Dutch tax returns are looming. Depending on your circumstances, these are as follows:

  • 30 April – This is the general deadline and applies to the majority of taxpayers in the Netherlands
  • 1 July – This is the deadline for most non-residents, including those who are newly arrived in the Netherlands as well as all other parties who qualify as M Form taxpayers (those who have only spent part of the tax year in the Netherlands due to immigration or emigration)
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