The legislative framework for Cayman Islands Private Funds came into force in February 2020 when the Legislative Assembly passed into law the Private Funds Act (2020).

AMS Financial Group is pleased to announce that its affiliated law firm, AMS Law , will expand its global footprint with the opening of offices in the Cayman Islands and Hong Kong.

Pursuant to a growing demand for US services related to both private and corporate activities from our clientele globally, AMS Financial Group is pleased to announce that it is now able to provide US domestic services in all 50 States. We can provide a full range of services including solutions for corporate clients, private clients and family offices that need assistance for US in-bound investments and international expansion.

Further to our update in September 2020, the Cayman Islands Department for International Tax Cooperation (DITC) has opened its portal for Economic Substance (ES) filings. This portal should be used for all entities considered to be relevant entities carrying on a relevant activity as described in our previous update.

I am Spacman !! What`s in a name? Special Purpose Acquisition  Companies (SPACs) took off in 2020 in the US and since then has also gained popularity in other parts of the world and will continue to boom in 2021 and beyond.