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Managed Banks and Trust Companies

Incorporating a local bank or trust company (known as a Subsidiary) or registering in the Cayman Islands as a foreign company (known as a Banking Centre) allows a financial institution to provide their clients with offshore banking services without the necessity of opening a physical presence on the Island with the accompanying substantial costs.


A successful managed bank or trust company requires the selection of the right class “A” bank. We are licenced and experienced in this field and are able to offer a range of customised services and capable of catering to your bank's or trust company's unique demands.

 

Services provided:



  • Act as a liaison between your staff and CIMA.
  • Establishment of managed bank and trust companies for large banks, lawyers, accountants and daily administration thereof
  • Representational services including the provision of authorised agent
  • Registered office – display of name plate, mailing address and telephone/telecopier facilities
  • Maintenance of records and accounts for the services rendered. All transaction receipts and expenditures entered into or made on behalf of the managed entity
  • Confidentiality of all documents, materials and other information relating to the affairs of the managed entity and its clients and potential clients
  • Client accounting is also available for managed entities

Why use Butterfield?



Here in the Cayman Islands we have:

  • A strong reputation for political stability and infrastructure.
  • User friendly legislation.
  • Confidentiality and professionalism.
  • Tax advantage and asset protection

 

At Butterfield, we have an experienced and qualified team of professionals who are recognised for their emphasis on service and possess strong local and international knowledge of regulatory requirements.

 

For more information, please contact:



David C. Titcombe ACIS, TEP.
Head of Department
Butterfield Bank (Cayman) Limited
P.O. Box 705
Grand Cayman KY1-1107, CAYMAN ISLANDS

 


Tel: (345) 815 7628
Fax: (345) 949 7004
Email: trust@ky.butterfieldgroup.com















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