Updated fees for accounting firms, realtors, property developers and exempt companies came into effect on 28 April, the Ministry of Financial Services and Commerce advised in a recent press release.
The fees apply to:
- Accounting firms with trade and business licences (TBLs)
- Real estate and property development businesses with TBLs and local companies control
licences (LCCLs) - Caymanian property developers and exempt companies with TBLs
The Ministry indicated that the fee updates are part of a broader commerce reform and are intended to better reflect today’s business environment. Also, some fees have remained unchanged since 2014 so do not account for operating costs and prices for services, such as costs at the Department of Commerce and Investment.
The fee updates are being made through the Trade and Business Licensing (Amendment of Schedule 1) Regulations (2026) and the Local Companies (Control)(Fees) (Amendment) Regulations, 2026.
New categories and fees
Fees for accounting firms have been separated into the following new categories:
- Audit firms
- Accountancy service providers
- Insolvency firms
Some examples of the fee changes are:
- For property developers, the fees for Caymanian licensees are increasing from $750 to $5,000.
- For a Caymanian-owned and controlled real estate agency, the fees remain the same – $750 for the agency fee plus an additional $750 for each affiliated agent.
- For audit firms, the fee will depend on the number of accountants and other professionals. For example, an accounting firm with 11-50 accountants will be required to pay a fee of $25,000.
To see the full list of fees, visit the government’s website here.
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