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Cayman Islands Government

Agreements with Nordic Countries

The Cayman Islands and the seven Nordic countries successfully concluded technical negotiations on a series of bilateral agreements, including tax information agreements, at a meeting between the respective delegations held 5-6 March 2009, in Copenhagen.

These were second-round negotiations, the first round having taken place in the Cayman Islands 17-18 April, 2008.

"We are very pleased to see these agreements come to fruition with our Nordic Group partners. It is proof of what can be achieved when parties approach negotiations in a fair manner, and we are keen to continue this trend, involving, on our part, effective arrangements for the provision of information on tax matters," said the Minister for International Financial Services Policy, the Honourable Alden McLaughlin. "This is further evidence that the Cayman Islands does not trade on secrecy or illicit tax activity."

The seven tax information agreements are currently going through the political authorisation process on both sides, to enable execution at a signing ceremony to be conducted in Stockholm in April 2009. The collateral commercial agreements will be signed in mid-June at the Embassy of the Kingdom of Norway in Paris.

For more information: Portfolio of Finance & Economics, Public Relations Unit Project Manager, Director Ted Bravakis, Phone: +1 (345) 244 2266 ; Email: ted.bravakis@gov.ky.