Cayman Islands trusts—key features of Cayman Islands trusts law
Produced in partnership with Mourant Ozannes
Cayman Islands trusts—key features of Cayman Islands trusts law

The following Private Client guidance note Produced in partnership with Mourant Ozannes provides comprehensive and up to date legal information covering:

  • Cayman Islands trusts—key features of Cayman Islands trusts law
  • Trusts law
  • Reserved powers
  • STAR trusts
  • Perpetuities
  • Rights to information
  • Variation of trusts
  • Private trust companies
  • Taxation

This Practice Note provides guidance on Cayman Islands trusts. For general information about the Cayman Islands, see: Private Client jurisdictional guide—Cayman Islands.

Trusts law

Local trusts law is contained in the Trusts Law (2011 Revision, Laws of the Cayman Islands) as revised from time to time (the Trusts Law).The legislation is available in the further reading link to Spitz & Clarke Offshore Service in the related documents pod. Cayman Islands' trusts law is also based on English law's principles of equity and jurisprudence but there are significant statutory differences and so it should not be assumed that Cayman Islands' trusts law is identical in every way to that of England.

The features of interest to settlors in the Trusts Law are discussed below.

Trusts are created informally and there is no requirement to register a trust, although the providers of trustee services are registered and regulated.

There is provision at Trusts Law, Part VI for exempted trusts. A trust would have to be registered with the Registrar of Trusts, if a settlor wishes to take advantage of the procedure of applying for an undertaking from the Governor in Cabinet. No tax or duty levied in the Islands will apply to any property in the trust for a period not exceeding fifty years from the date of the undertaking. The register is not open