The Cayman Islands is comprised of three islands, Grand Cayman, Little Cayman and Cayman Brac. The islands are a British Overseas Territory situated in the British West Indies, south of Miami, Florida and Cuba.
Being amongst the top five financial centres in the world, The Cayman Islands is a globally recognised international business centre. The Cayman Islands provides top tier financial services including banking, investment funds, and insurance. In turn, facilitating the flow of the world economy with a highly skilled workforce in alignment with global regulations.
The success of The Cayman Islands financial sector can be accredited to the Islands political and economic stability, the favourable tax neutral system and the excellent regulatory regime.
The Cayman Islands Monetary Authority
The Cayman Islands Monetary Authority (CIMA) began operations in 1997. The authority was created for the merger of the Financial Services Supervision Department of the Cayman Islands Government and the Cayman Islands Currency Board (CIMA,2020). The authority ensures that the Cayman Islands financial sector is consistent with relevant international standards and jurisdictions.
Queensgate Bank and Trust Ltd. Is licensed the with the Cayman Island Monetary Authority under the following laws and licenses:
- The Banks and Trust Companies Law (Trust License and Class B Banking License)
- The Mutual Funds Law (Mutual Fund Administrator – Full License)
- The Securities Investment Business Law (Securities – Registered Person)