Cayman has become one of the world's leading providers of special purpose vehicles for structured finance transactions. The jurisdiction is widely known as a domicile of choice for aircraft finance and securitisation.
Tax neutrality and availability of experienced professional directors for Cayman Islands SPVs are important reasons for the jurisdiction's success. Other factors include absence of exchange controls and a credit friendly companies law which makes the setting up process very quickly and efficiently.
The industry in Cayman is supported by a wealth of legal professionals with in depth and international experience.
In the Cayman Islands structured finance is supported by a regulatory environment that offers increased flexibility in the design of the vehicle, allowing the borrower and lender to customize a mutually beneficial financing arrangement.