Tag: General Registry
Mystery landowner set to gain big from cargo project
(CNS): Finding out who owns the land surrounding the Breakers site that the Cayman Islands Government is proposing to develop as a cargo facility is proving very difficult, given the barriers that exist here when it comes to land and company searches. However, CNS has learned that one mysterious company acquired hundreds of acres in […]
Registrar to help churches navigate risk assessment
(CNS): As local authorities work on the latest Cayman Islands National Risk Assessment of its AML/CFT/CPF (anti-money laundering, countering the financing of terrorism, and countering proliferation financing) regime, the Registrar of Non-Profit Organisations (NPOs) has been preparing local charities with outreach sessions for their terrorist financing risk assessments. With only a few months until the […]
Music association infighting fuels more turmoil
(CNS): The Cayman Music and Entertainment Association (CMEA), which has been dysfunctional for years due to continued infighting and alleged mismanagement by its board and leaders, is experiencing yet another major dispute over the presidency. Five members claim to have kicked the current president out of office along with other members of the board over […]
Registrar fines companies not revealing owners
(CNS) The Registrar of Companies (RoC) has begun fining companies registered here that have failed to submit accurate information on their ultimate beneficiaries (beneficial owners) and ignored warning letters to do so, according to the Ministry of Financial Services. As of 1 February, the RoC had levied 19 administrative fines of $5,000 against companies for […]
Registrar told to stop collecting unlawful data
(CNS): The ombudsman has accused the registrar of companies of using a “blunt instrument” to collect information from people with no legal basis. In a recent enforcement order under the Data Protection Law, Sandy Hermiston told the registrar to stop collecting personal data from people who hold minority shares or voting rights in companies, outside […]
$50 will lift lid on company directors
(CNS): An amendment to the Companies Law passed in the Legislative Assembly in July comes into effect tomorrow, allowing members of the public to pay $50 to search the General Registry and find out who the directors are for a specified company for both local businesses registered here as well as foreign offshore companies, including […]
Registrar publishes help for NPOs struggling with law
(CNS): The registrar for non-profit organisations has posted more documents on its website to help NPOs and charities based in the Cayman Islands navigate their way through the process to comply with new legislation. Information on registration applications, companies falling under section 80 of the Companies Law (2018 Revision) and general queries can be found […]
General registry reveals record-breaking statistics
(CNS): The number of registered companies in the Cayman Islands reached an all-time high, according to statistics released by the Cayman Islands General Registry. At the end of September there were 106,291 active companies on its register, after a steady increase since the same time last year, which is a 7% growth over last year, with […]
