Section 40 of the Companies Act requires every company to keep a register of members which should display –
The certificate of good standing is the document issued by ROC that attest to the legal standing of the company with the Registry. The status (i.e. active, dissolved etc.) of the company may be determined from a search report or a certificate of existence.
A company that fails to file appointments of directors & officers and changes to the register within the allowed timeframe shall incur a penalty of $500. Refer to Section 56 of the Companies Act for further details.
Changes to shareholders should be filed through grmanual@gov.ky and should be supported by:
Expired passports are deemed invalid hence will not be accepted by the Registry.
The Registry will issue certificates which state a future effective date including a date when the office is closed for business in special cases for:
There are no income, capital gains or other forms of direct taxation
Cayman has a network of Tax Information Exchange Agreements (TIESs) which allow for information exchange as per the agreements
Local Companies (Control) Law (As Revised) – Resident Companies Only