comments feedGeneral 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 […]
Cayman Islands Government discusses banking requirements for charities
December 4, 2018 by Leave a Comment
Unregistered Cayman Islands NPOs face stiff penalties
May 7, 2018 by Leave a Comment
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 […]
General Registry to promote online system, beneficial ownership, and NPO filing requirements on Cayman Brac
April 25, 2018 by Leave a Comment
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, […]
The Editor Speaks: Regulations and more regulations
February 26, 2018 by Leave a Comment
In the Cayman Islands we were once blessed with common sense regulations that were easy to understand and were pivotal to being blessed with charities. We rely heavily upon them and without their existence the welfare of our poor and destitute, our homeless and animals, etc. would be in more serious at risk than even […]
Cayman Islands charities urged to register ahead of deadline
February 26, 2018 by Leave a Comment
To have the $300 application fee waived, and also to avoid issues caused by missing the registration deadline, charities and section 80 companies that meet the legal definition of non-profit organisations (NPOs) are encouraged to file their registration applications by 15 June. Filing by 15 June will allow applications to be processed in time to […]
The Editor Speaks: Charity may not soon begin at home
December 17, 2017 by Leave a Comment
‘Charity begins at home’ is a well known cry and here in the Cayman Islands we have been lucky that charities exist. Without them our social services, already stretched, would be overwhelmed to the point of extinction. And what would have happened then? Soon we may find out. The Non-Profit Organisations Law will be coming […]
Cayman Islands charities have one more chance to learn about NPO Law this year [Mon 18 Dec]
December 16, 2017 by 1 Comment
General Registry, in association with the Ministry of Financial Services, will stage its final information session for 2017 on NPOs (non-profit organisations) on Monday, 18 December. Organisations that solicit funds from the public for charitable causes can learn more about the Non-Profit Organisations Law from 6 to 8pm in room 1038 of the Government Administration […]
Cayman Islands Charities encouraged to learn about Non-Profit Law
August 1, 2017 by Leave a Comment
The Non-Profit Organisation Law is in effect as of Tuesday, 1 August, and Government is informing businesses that operate as charities of their obligation to register as non-profit organisations. As part of its public education campaign for the NPO law, the Ministry of Financial Services is continuing its one-hour information sessions. For the month of […]
Non-profits will avoid company fees in Cayman Islands under new law
July 6, 2017 by Leave a Comment
As of Tuesday, 1 August, businesses that operate as charities can be categorised as non-profit organisations (NPOs), which will allow them to avoid substantial fees. The new Non-Profit Organisation Law, 2016, also forms part of Cayman’s preparations for the December 2017 evaluation of our regime to counter money laundering and terrorist financing. ‘Once commenced, it […]
Cayman Islands: Non-profits will avoid company fees under new law
July 4, 2017 by Leave a Comment
From Cayman Islands Government As of Tuesday, 1 August, businesses that operate as charities can be categorised as non-profit organisations (NPOs), which will allow them to avoid substantial fees. The new Non-Profit Organisation Law, 2016, also forms part of Cayman’s preparations for the December 2017 evaluation of our regime to counter money laundering and terrorist […]
