Topic: Local Companies (Control) License Law

Government pushed through new economic substance rules and other bills during a marathon Legislative Assembly session on Monday in a bid to avoid a European Union tax blacklisting.

Government has released a bill to amend the Local Companies (Control) Law that would allow exempted companies to carry out business in the islands.

The Trade and Licensing Board is advising foreign companies that advertise for Caymanian participation in their business ventures to direct those potential local investors to the board.

Nineteen young Caymanians have completed their internships at Mourant Ozannes.