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Laws and Regulations Related to the Cayman Islands’ Commitment to the EU
Companies seeking to operate locally without 60 percent Caymanian ownership must now submit their advertisements for Caymanian participation to the Department of Commerce and Investment (DCI), which is the Secretariat to the Trade and Business Licensing Board, for placement on the DCI website for a period of 14 days.
Tobacco licence holders are reminded that, to avoid late fees, applications for the renewal of their Certificate of Registration should be submitted on 1 November 2022.
A Government delegation led by the Minister of Financial Services and Commerce, the Hon. André Ebanks, will update a Financial Action Task Force (FATF) review group regarding how the Cayman Islands has improved its effectiveness in fighting financial crimes.
The Companies (Amendment) Act, 2021 came into effect today, to attract and maintain restructuring and liquidation business in the Cayman Islands.