September 16, 2019

iNews Briefs & Community Events

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Cayman Islands: 1999 Honda Civic Reported Stolen, 28 March Police have received a report of a stolen grey 1999 Honda Civic, registration #106 289 which was last seen at about 3:00AM on Thursday, 28 March. The vehicle had been parked on the roadside in the vicinity of Mini Warehouse 2 on Canal Point Drive. Year:     1999 […]

Section 80 Regime offers reduced fees for Cayman Islands Charities

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Government has passed an amendment that reduces the administrative burden on charitable entities that operate as Section 80 companies. On Friday, 1 March 2019 The Companies (Amendment) Law, 2018, will take effect. The amendment, passed in the Legislative Assembly last November, will reduce the application fee from CI$1,000 to $300 for an entity applying to […]

Cayman Islands General Registry extends hours for resident companies filing annual returns

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General Registry, which includes the Registrar of Companies, has extended its operating hours on Thursdays to better accommodate resident companies needing to sign up on its online portal, the Cayman Business Portal (CBP), to file their annual returns and pay their annual fees. As of 24 January, Registry began extending its hours of operation until […]

Cayman Islands Government discusses banking requirements for charities

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General Registry and the Ministry of Financial Services have met with local banks to address concerns surrounding banking requirements for charitable organisations, specifically in relation to the opening of bank accounts by non-profit organisations (NPOs). Meetings were held between Government officials and retail bank representatives in the Cayman Islands leading up to and following the […]

iNews Briefs & Community Events

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NOTE: See also Community Events listed in DATE ORDER below articles and notices   DLP to Visit Cayman Brac Representatives from the Department of Labour and Pensions (DLP) will visit Cayman Brac on Thursday, 2 August 2018 to assist clients with any issues or disputes. The DLP officials will be available from 9 a.m. to […]

The Editor Speaks: Stiff penalties but we will be the poorer

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Yesterday (7) we published the Press Release sent to us via General Registry, the registrar for Non-Profit Organisations (NPOs). The Registry’s Head of Compliance is Paul Inniss. There are at least 300 NPOs, such as sports associations, churches, community organisations, and service clubs, currently in local operation. To date, only 63 of these charities have […]

Unregistered Cayman Islands NPOs face stiff penalties

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A lot of charitable organisations in the Cayman Islands stand to be heavily penalised by 1 August 2018, due to noncompliance with The Non-Profit Organisations Law. Persons will be able to see the entities who have complied with the law in a newspaper ad scheduled for Friday, 1 June. As of 16 April, there were […]

The Editor Speaks: Strange timing

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Last Friday whilst Premier Alden McLaughlin was threatening to oppose the UK’s order to disclose beneficial ownership, Registrar of Companies Cindy Jefferson-Bulgin, was sending out this missive: From: CIGENREG Friday, May 04, 2018 2:03 PM [https://www.filepicker.io/api/file/ewEXNrLlTneFGtlB5ryy] Beneficial Ownership Information Filing Requirement on Cayman Business Portal (“CBP”) Dear Client, This message is an important customer service […]

General Registry to promote online system, beneficial ownership, and NPO filing requirements on Cayman Brac

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Business owners and charitable organisations in the Sister Islands have another opportunity to learn how the Cayman Business Portal (CBP) online system can make their lives easier – including by helping them to comply with legal obligations, and therefore avoid penalties. ‘It’s vitally important that all entities with legal obligations to report beneficial ownership information, […]

Cayman Islands business portal ready for local businesses

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Local businesses have access to an efficient online tool for doing business with the General Registry. The Cayman Business Portal (CBP), launched at last October’s Small Business Expo, allows small businesses the flexibility of transacting business with the Registry from the comfort of their home or office, at their convenience – 24.7.365. In line with […]