Change in Beneficial Ownership Definition

Change in Beneficial Ownership Definition

Industry is advised that commencement orders approved by Cabinet on 26 March have widened the scope of beneficial ownership in the Cayman Islands. The Companies (Amendment) Law, 2020 (Commencement) (No.2) Order, 2020 and the Limited Liability Companies (Amendment)...
Annual Fees Deferred

Annual Fees Deferred

As of 26 March, the Cayman Islands Government has deferred the obligation to pay annual fees until 30 June for corporate entities registered in the Cayman Islands. This fees deferral applies to all companies, including limited liability companies and foundation...
Extensions Given for Annual Returns and Economic Substance Notifications

Extensions Given for Annual Returns and Economic Substance Notifications

The Registrar of Companies (ROC) and the Department for International Tax Cooperation (DITC) have extended the deadlines for entities to complete their annual returns and economic substance notification filings. The annual return filing deadline has been extended...
Financial Services Update

Financial Services Update

Industry is advised that the Ministry of Financial Services is addressing a number of matters in the coming days as part of its business continuity plans in the face of the coronavirus (COVID-19) pandemic. Virtual Assets and Administrative Fines Consultations Extended...
Registrar Assesses NPO as Low Risk for Terrorist Financing

Registrar Assesses NPO as Low Risk for Terrorist Financing

The Registrar for NPOs (non-profit organisations) has concluded that charitable organisations in the Cayman Islands pose a low risk for the financing of global terrorist activities. The Registrar’s assessment is included in Cayman’s response to the CFATF (Caribbean...