"Second to none" - Citco joins panel debate on Cayman Islands

The Citco group of companies (Citco) recently joined a number of leading industry peers to explore how the Cayman Islands is maintaining its dominance as a global funds domicile amid evolving regulation, rising investor expectations and emerging digital asset trends .

Niall Gallagher, Managing Director, Citco Trustees (Cayman), was among those looking at the evolution of the region, recent regulatory developments such as the Private Funds Act, and the advantages the region offers over other major domiciles.

Discussing the latter topic, Gallagher told the panel: "The Cayman Islands is second to none. The jurisdiction has a no direct taxation policy which has allowed it to flourish as a funds domicile. Caymans fund products provide market participants with certainty, and this in turn means that the time-to-market for fund launches remains extremely competitive, typically less than three months."

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