August 6, 2020

STATEMENT: Cayman Islands Minister clarifies TBL process and role

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From: Hon. Joseph Hew Minister for Commerce, Planning & Infrastructure 11 October, 2018 Earlier this week the Cayman Compass published an editorial which voiced concerns related to the regulation of the watersports industry. The safety of our visitors and residents on the seas is something we all must be concerned with.  At the same time […]

Expired Cayman Islands Trade and Business Licences subject to penalties and revocation

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Starting this month, persons who operate their businesses using expired trade and business licences will be subject to paying fines and, if they do not correct the situation within the prescribed timeframe, having their licences revoked under the Trade and Business Licensing Law (TBL). This is in accordance with section 23 (2) of the law, […]

Cayman Islands DCI warns of penalties for businesses operating with expired T&B licences

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From Department of Commerce & Investment (DCI) Cayman Islands Government Penalties Will Address Persons Operating With Expired Trade and Business Licences Persons who operate their businesses using expired trade and business licences will be subject to paying fines under the Trade and Business Licensing Law (TBL). As of 1 January 2017, penalties will be issued […]

Cayman Islands trade officers receive training on enforcement procedures

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Trade officers with the Department of Commerce and Investment (DCI) are getting further instruction on what it takes to enforce local laws, with training from the Royal Cayman Islands Police Service (RCIPS). Created under the Trade and Business Licensing Law (TBL), DCI’s trade officers have the same powers as police constables. The first in a […]

Tickets will be issued in the Cayman Islands for licensing offences

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Persons who breach their business licence requirements in Cayman will be subject to receiving tickets and paying fines under the new Trade and Business Licensing Law: <http://www.dci.gov.ky/portal/pls/portal/docs/1/12128185.PDF>. The law, which commenced on 1 January, includes penalties that will be levied on business owners who commit offences ranging from failing to clearly display their trade and […]

Cayman Brac: Business Expo to provide info on new Trade & Business Licensing Law

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From Cayman Islands Department of Commerce and Investment. Brac Business Expo promises information on the new TBL The business community in the Sister Islands will have a chance to learn first-hand about the new Trade and Business Licensing Law, its benefits, and its requirements from Department of Commerce and Investment (DCI) staff at the 2015 […]

New law strengthens Cayman Islands’ business environment

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The commerce environment in Cayman will become better licensed and regulated with the implementation of the new Trade and Business Law. The law, which is scheduled to take effect this fall, focuses on creating a level local playing field for businesses, explained Minister of Commerce Wayne Panton. ‘TBL’s framework is intended to lead to greater […]

Cayman Islands Customs announce change underway over controversial new coding system

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Government officials on Thursday (7) previewed some imminent changes at the Customs Department aimed at speeding up the process of duty assessment. At a press conference at the Government Administration Building, Premier Alden McLaughlin and Finance Minister Marco Archer announced that Customs Office would undertake to do all processing and coding for importers for a […]