Deadline | Filing | Authority | Notes |
15 January 2023 | CIMA fee payments for all entities registered with CIMA | CIMA | Late payment penalties start to accrue after 15 January 2023 on a monthly basis |
15 January 2023 | Annual declaration for directors registered with CIMA under the Director Registration and Licensing Act | CIMA | |
15 January 2023 | Annual declaration for entities registered as a Registered Person under the Securities Investment Business Act | CIMA | |
31 January 2023 | Economic Substance Notification due for all entity types | Registrar | This must be filed before an annual return can be filed |
31 January 2023 | Annual Return and payment of annual fees for all entities incorporated or registered in the Cayman Islands (including foreign partnerships and companies) | Registrar | For an entity to be considered in good standing the Annual Return and fees must be filed and paid by 31 January 2023. If the Annual Return and fees are not filed and paid by 31 March 2023 then late payment penalties start to accrue on a quarterly basis |
30 April 2023 | Registration for entities defined as Financial Institutions under CRS and FATCA legislation | DITC | |
30 June 2023 | Audited financial statements for mutual funds and private funds with a financial year end of 31 December 2022 | CIMA | |
30 June 2023 | FAR Form for mutual funds and private funds with a financial year end of 31 December 2022 | CIMA | |
31 July 2023 | CRS and FATCA reporting for all Financial Institutions | DITC | |
1 September 2023 | Date by which strike off application must be submitted for an entity to be dissolved on 31 December 2023 | Registrar of Companies | |
15 September 2023 | CRS Compliance Form for the year ending 31 December 2022 | DITC | |
1 November 2023 | Date by which strike off application must be submitted for an entity to avoid 2024 fees | Registrar of Companies | The entity will be dissolved on 31 March 2024 |
1 December 2023 | Date by which an entity must be put into voluntary liquidation to avoid 2024 fees | Registrar of Companies | |
Variable | Tax Resident in Another Jurisdiction form, or Economic Substance Return for entities that carried on any relevant activity during 2023, with a financial year end during 2023 (eg 31 March, 30 June, 30 September or 31 December 2022) | DITC | For example, an entity with a 30 June 2022 financial year end and conducting a relevant activity between 1 January 2022 and 30 March 2022 must file its Economic Substance Return by 30 June 2023 |
Ongoing | Beneficial Ownership information or exemption | Registrar of Companies | Entities registered with CIMA as a Registered Person under the Securities Investment Business Act or registered under the Private Funds Act or the Mutual Funds Act are not required to obtain beneficial ownership details nor maintain a beneficial ownership register, however they must file details of their exemption |
Where Harneys provides registered office services to an entity, the Annual Return and Economic Substance Notification will be on the Harneys Connect Portal. | |||
The foregoing is for general information only and not intended to be relied upon for legal advice in any specific or individual situation.
