Island shopping
While they may both seem like sun-drenched dots on a map, the Cayman Islands and Bermuda have different ways of doing business - and both are doing plenty of it
I am regularly asked by clients which is the better jurisdiction in which to set up their funds, the Cayman Islands or Bermuda?
Funds vary widely, as do the requirements of their managers, and, as a result, there is no hard and fast rule. The best thing to do is to look at what each jurisdiction has to offer and then decide, on an informed basis, which is more suitable.
In this article, I set out some basic information on establishing a fund in the Cayman Islands and Bermuda.
Regulation
The
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