Cayman Islands entities will be receiving their annual invoices for 2022 registration fees in the last quarter of 2021. If you are considering terminating your entity or terminating its registration with the Cayman Islands Monetary Authority (CIMA) you will need to act promptly in order to avoid or reduce the 2022 registration fees and filings.
Please see our termination guide for detailed information about processes and timelines. Our guide assumes that an entity is up to date with its corporate services provider (including Harneys), the Cayman Islands government, and all regulatory authorities such as CIMA and the DITC. If this is not the case, then you should consider the likely extra time and cost involved in addressing any outstanding filings or issues and contact your usual Harneys representative as soon as possible to start this process.
Please also reach out to your usual Harneys representative if you have any other questions or would like any further information about your regulatory obligations.