The Cayman Islands Government is set to establish an Asia Office in Singapore following cabinet approval.
It will be headed by the government’s overseas representative to Asia, Gene DaCosta, and is expected to have a physical presence in the final quarter of this year.
The Asia office will establish and nurture strong public and private sector relations, create effective communication between the Cayman Islands and key Asian countries and advance financial services interests.
DaCosta, said: “Having the office based in Singapore allows the Cayman Islands Government the ability to quickly and effectively provide the necessary support our stakeholders in the region may require from time to time.
“Indeed, Hong Kong is a particularly important locale for us as it has longstanding, strong business relationships to Cayman. I’m expecting to have frequent in-person meetings in Hong Kong (likely quarterly visits at a minimum), alongside those that will occur in Singapore and other jurisdictions in Asia.”
This is the Cayman Islands Government’s latest public sector overseas office following the opening of an office in Washington DC in December 2022.
