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Topic: General Registry
Government is reducing the registration fees for exempted limited partnerships that are registered with the Registrar of ELPs within General Registry and regulated by the Cayman Islands Monetary Authority. The Exempted Limited Partnership (Amendment) Regulations, 2020 were gazetted on Friday, 22 May and took immediate effect.
Government's General Registry Department, which is in charge of issuing critical documentation for births and death, will resume issuing hard copies of those certificates on Wednesday.
The General Registry is going to make the names of directors and officers of Cayman companies available for inspection from 1 Oct.
The General Registry, which includes the Registrar of Companies, is extending its operating hours on Thursdays to accommodate resident companies that need to sign up on its online Cayman Business Portal, to file their annual returns, and pay annual fees.
Officials from the General Registry and the Ministry of Financial Services have met with local banks to address concerns over onerous banking requirements for charitable organizations, specifically in relation to problems experienced by nonprofit organizations to open bank accounts.
The number of Cayman-registered companies hit an all-time high last month, with 106,291 companies active on the registry as of Sept. 30.
Local business owners, who do not use registered office providers, will need to file their beneficial ownership information with General Registry by Saturday, June 30.
Only one-fifth of charitable organizations have registered as nonprofit organizations under a law that was passed last year, according to the Ministry of Financial Services.
Cayman’s company formations sector grew in 2017, with the number of new incorporations and total companies on the registry having increased at the year’s end over 2016.
Local businesses are reminded that they have access to an online tool for doing business with the General Registry.
The government is urging non-profit organizations to file their registration applications by June 15 in an effort to minimize issues caused by missing the deadline.
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The General Registry will be following a holiday schedule. The Grand Cayman office in the Government Administration Building will close Dec. 20 at 12:30 p.m. and resume normal hours on Dec. 21.
The Cayman Islands Small Business Association organized an expo featuring 20 vendors and several government departments at the Sir Vassel Johnson Hall in the University College of the Cayman Islands on Oct. 21.
New company registrations in the Cayman Islands have bounced back in 2017, after a dip last year.
The Needs Assessment Unit raised money last year to sponsor a number of families for Christmas in Grand Cayman and Cayman Brac. The families were chosen based on their circumstances and their demonstrated efforts to improve their situation.
The number of active companies on the Cayman Islands company register has exceeded 100,000 for the first time in its history.
The General Registry, including its counter on the first floor of the Government Administration Building, will close on Wednesday for a staff training event, according to a government release.