June 17, 2021

Foreign investors in Cayman Islands must direct LCCL applicants to TBL Board

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Investors who are placing newspaper advertisements seeking Caymanian participation in business endeavours must ensure that the ads also direct persons to the Trade and Business Licensing Board. Section 11 (4) (e) of the Local Companies (Control) Licence Law (LCCL) states, among other conditions, that the Board must consider efforts made by the foreign companies to […]

Cayman Islands: New LCCL procedures in effect

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From┬áCayman Islands Ministry of Financial Services, Commerce and the Environment The public is advised that procedural changes, which are designed to better uphold the Local Companies (Control) Licence Law (LCCL) are now in effect. As of Thursday, 1 September, Caymanians looking to participate in potential business endeavours with foreign investors must state their interest, in […]