Uptick in exempt company applications floods board
(CNS): The Trade and Business Licensing Board is suspending its expedited service for the processing of exempt company applications from the end of this month, as it struggles to cope with the workload. In a short press release, officials said that from 1 April applicants can expect licence applications for exempt companies to take between two and four weeks.
A release stated, “This service is being suspended temporarily as the Board is currently unable to timely review the increase in expedited exempt company applications.”
However, express applications for ordinary companies applying for a new licence or renewing an existing licence will continue to be accepted and processed.
These applications can be submitted online via the Department of Commerce and Investment website or at the business licensing counter located at the Government Administration building.
Category: Business, Financial Services
I wonder what new award the Deputy Govenor will try to give the Director of DCI now?
Im sure Franz will find some way to massage his ego and try to convince us that DCI is giving world class service
We cant be bothered to service the only industry that is keeping us alive during this crisis.
The statement by DCI needs clarification. Isn’t it more to do with an exemption from complying with the local companies control laws that they are struggling to process?
LCCL doesn’t apply to exempt companies. Being able to incorporate exempt companies in days to facilitate offshore transactions is at the heart of our financial services offering and a proud boast of how customer focused we are – undone because some people can’t be bothered to actually do the desperately hard work of punching the data into the computer and printing off the registration details. Yeah, let’s focus on applications for local companies instead – presumably because there are a lot less of those.
We are unable to process your claims because we are all too lazy to do it. Our bosses are too busy on their phones to tell us what to do and our culture allows us to not care less. Nothing you can do about it but complain and leave. Welcome to Cayman Islands.
Regulate the church.
Fruits of Biden’s tax plans. Woo hoo!
I think it’s Canadian tax driven, actually.
This is our “world class Civil Service”, failing dismally in competing with other offshore jurisdictions which do not make fanciful claims, but get on with it.
They got told to do work and failed, no surprise.
These licenses are critical to permits and bringing in new capital and employment opportunities. The fact that the entities needing them are being treated as second class is an outrage, and is indicative of the very worst attributes of our government. We succeed in spite of them, not because of them.