New simulator programme aims to make Cayman’s roads safer

Inspire Cayman Training and CINICO have launched a safe-driving programme using simulators to build confidence and reduce insurance costs for new drivers.

9 December 2025 | 00:02:19

Cayman Compass

Huge growth in Cayman’s Web3 foundation companies

The latest data reveals the changing face of finance in Cayman, with more digital asset businesses registered in the jurisdiction. These Web3 foundation companies don’t have a physical presence on island, but the inflow will mean increased government fees and more work for lawyers and accountants.

Figures from the Cayman Islands General Registry reveal a dramatic increase in foundation company registrations, which are mostly used for Web3 ventures. There were more than 1,700 foundations registered in Cayman at the end of October, up from 790 at the end of 2023.

The arrival of Web3 foundation companies is a boon for Cayman’s status as a financial centre, yet it was completely unexpected when Cayman passed the Foundations Companies Act in 2017.