Upcoming changes to financial services fees in the Cayman Islands
25 Nov 2025
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On 7 November 2025, the Cayman Islands Government announced fee adjustments across the financial services sector to ensure proportionality, align with international standards and improve administrative efficiency by simplifying compliance and reducing the administrative burden. These changes will take effect progressively from 1 January 2026.
Key updates:
- Class “A” banking licence renewal fees:
- Transition to a tiered fee structure based on total assets.
- Phased implementation from 2026 to 2028:
- Less than USD 1 billion: No change ($1M annually).
- USD 1–3 billion: Increases to $1.75M by 2028.
- USD 3 billion or more: Increases to $2.25M by 2028.
- Consolidated annual fees for Mutual and Private Funds:
- Combines existing annual fees into a single payment.
- Annual return fee increases:
- From $300 to $450 for funds.
- From $150 to $225 for sub-funds.
- New annual fee for Registered Offices of Exempted Limited Partnerships (ELPs):
- Introduction of a $100 annual fee for ELP-registered offices.
- Payable by licensed service providers.
- Class B(i), (ii), and (iii) insurer fees:
- 10 per cent increase in annual fees across all categories.
Implementation timeline:
- 2026–2028: Tiered banking licence fees.
- 2026: All other changes.
Industry stakeholders are advised to assess these changes and make necessary preparations for their implementation.
The industry advisory can be found here
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