Article

Building strong foundations

Family Office Services in the Cayman Islands

Deloitte Cayman Islands offers a full range of family office expertise. Our team of 17 partners and more than 180 professionals has a multi-disciplinary service offering including audit and assurance, tax strategy and governance, family office creation and transformation, privacy and security solutions, investment strategy, philanthropy, and talent management services.

Introduction

For decades, the Cayman Islands has been home to family offices seeking a quality and stable location to manage its increasingly global operations.

In recent years, high net-worth individuals and family offices are increasingly opting to relocate to the Cayman Islands, citing its neutral tax regime, efficient and progressive regulations, access to high quality talent and service providers, and high quality of life.

Deloitte is the world’s largest professional services firm with more than 330,000 professionals in 150 countries. Deloitte has been named the strongest and most valuable commercial services brand in the world for the third consecutive year by Brand Finance, in its 2021 Global 500 report.

Deloitte’s Family Office Services

Deloitte Private connects leaders of privately held businesses and family enterprises to a network of ideas, knowledge and experience. We create personalized solutions and deliver value through every milestone. Deloitte Private delivers audit & assurance, tax, consulting, risk & financial advisory and cyber services tailored for family businesses, family offices, and high net worth individuals; privately-owned enterprises; private equity investors and their portfolio companies, and venture-backed companies.

Audit & Assurance
Audit and assurance services are the backbone of our Cayman Islands practice. With a team of over 100 professionals, we deliver advanced-level insights across all industries – this uniquely positions us to understand the challenges and opportunities facing your family office. Our experienced, partner-led audit and assurance teams are committed to ensuring a seamless audit and other attest services that deliver results in a timely manner.

Our clear and concise audit plans, tailored to the specific needs of family office engagements, are developed with a risk-based approach in mind and executed efficiently. Our commitment to our family office clients differentiates us from our competition. Whether that means being responsive and anticipating our clients’ needs and questions, or deploying additional resources should an unexpected challenge arise, we are driven to exceed our clients' expectations.

Tax
Deloitte offers clients a broad range of fully integrated tax services. Our approach combines insight and innovation from multiple disciplines with business and industry knowledge. Our locally based team of tax professionals works closely with our global team to deliver services and insight our family office clients expect from their tax advisors. Our involvement with Deloitte’s global investment fund tax committees ensures we are up to date and fully equipped to support support our family office clients on issues affecting their structures.

Financial Advisory
Our Financial Advisory team of professionals specializes in collaborating to create solutions that help sustain value in mergers and acquisitions, liquidation, restructuring, investigation, dispute resolution, forensics, economic advisory, value advisory services, analytics and data applications and modelling. Whether you need due diligence services, are considering restructuring, or are experiencing difficulties recovering an investment, our dedicated team of CPAs, CFAs, certified fraud examiners, and computer forensic specialists are ready to help.

Risk Advisory
Family offices are presented with technological, operational and security risks. By managing risk more effectively, family offices can unleash their full potential, creating and protecting value. Our team of Risk Advisory professionals can help turn risk into opportunity for your business. Our team offers a suite of services to help family offices sort through the maze of technology options to identify and implement efficient custom solutions. We have strong experience in assisting in managing strategic, regulatory, financial, operational and internal control. We perform assessments and assist in design and implementation of business process and technology controls, which also include areas related to information security, data privacy and confidentiality.

Cyber
Deloitte’s Cyber practice is widely acknowledged as the leading security consulting practice worldwide. We help clients develop and implement cyber strategies to protect valuable assets, prevent and respond to threats and attacks in a secure, vigilant, and resilient manner.

We work hand-in-hand with our clients to plan and execute an integrated cyber approach to harness the power of information networks, in order to enhance business operations, increase mission performance, and improve customer support, without compromising security or privacy.

Our Cayman Cyber Risk team holds industry-leading certifications, including Certified Information Systems Security Professional (“CISSP”), Certified Ethical Hacker (“CEH”), Data privacy certifications including Certified Information Privacy Professional/Europe ("CIPP/E") and Certified Information Privacy Manager ("CIPM"), and ISO 27001 Lead Auditor, among others. Deloitte's Resiliency Centre "DRC" is housed in George Town, Grand Cayman, within one of the most structurally sound buildings in the region. The DRC is designed to protect your people, secure your critical systems and data, and maintain the continuity of business operations.

For over 16 years, the ISO 27001-certified DRC has been the premier disaster recovery facility in the Caribbean, housing data suites, recovery workspace, and secure document and media storage.

Connect with us

We currently serve some of the largest family offices in the Cayman Islands, and hold strong relationships with key industry service providers globally. We work with leading practitioners within Deloitte's global network, and our collective depth of resources, be it in the Cayman Islands or across the globe, allows us to assemble a team that is uniquely suited to your business's needs.

We invite you to contact Deloitte Cayman Islands for assistance in services tailored to your needs or for additional information.

Deloitte Insights
Click here to access The Resilient Family Enterprise, a series of Deloitte insights that explores how the same traits that set family businesses apart are creating authentic opportunities for resilience, growth, and recovery.

Deloitte's Global Family Office Symposium
Did you miss the live sessions? Click here to explore the topics and access the recordings.

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