• Personal Questionnaire
• A Police Clearance Certificate or Notarized Affidavit confirming no criminal convictions
• One Financial Reference
• Two Character References
• Application fee

No, all licensees must have at least two (2) directors who are natural persons. Corporate directors are not permitted to serve on the boards of licensed entities. However, corporate directors licensed under the Directors Registration and Licensing Law, 2014, may be appointed to the boards of covered entities only. Covered entities include:

    (a) A company to which paragraphs 1 and 4 of Schedule 4 of the Securities Investment Business Law (As Revised) apply; or

    (b) A mutual fund regulated under the Mutual Funds Law (As Revised).

No, there is no specific list. However, auditors must be chartered accountants, certified public accountants, or other professionally qualified accountants approved by the Authority. Before appointing an auditor, you may submit the proposed auditor's name to the Authority, which will confirm whether the individual is suitable for the role.

For licensees under the Banks and Trust Companies Law (As Revised), audited financial statements must be submitted within three (3) months of the financial year-end. For Companies Management licensees under the Companies Management Law (As Revised), the deadline is within six (6) months of the financial year-end.

For the latest statistics, please refer to the Corporate Services Statistics page.

No, once a director has been issued an ID and password, these credentials remain valid unless they are reset by the Authority.

Once all required documentation for the licence application has been submitted, the processing time is typically six (6) to eight (8) weeks.

Corporate Services licensees must complete the following routine filings:

a) Annually, on the anniversary of the renewal date, submit a valid insurance certificate that meets the requirements of Section 17 of the Companies Management Law (As Revised) and any conditions imposed on the Corporate Services Licence holder.

b) The Bi-annual Report must be filed electronically via the REEFS portal, twice a year, within 30 days of June 30 and December 31.

c) Every two years, or as specified by the Authority, submit a compliance certificate per Section 13(2)(b) of the Companies Management Law (As Revised), signed by a director of the licensee.

• Reason(s) for the name change
• Submission of the Original Licence
• A certified copy of the Shareholder's resolution approving the name change
• A certified copy of the Certificate of Incorporation on Change of Name from the Registrar of Companies
• Payment of CI$500

• A letter explaining the reason(s) for the change in Auditor
• A letter from the proposed new Auditor confirming their appointment, willingness to act, and understanding of their obligations under the Companies Management Law (As Revised)
• A letter from the outgoing Auditor explaining the reason(s) for the termination of their services
• Payment of CI$500.00

Copies of the Companies Management Act can be accessed through the provided link.

The link is for informational purposes only. Official copies of all laws and regulations can be purchased from the Legislative Department at a minimal cost.

Any subsidiary wishing to engage in corporate services included in the business of companies management must seek licensing from the Authority before offering such services, unless explicitly exempted by supervisory law.

An insurer must be a licensed Cayman Islands insurance company or any insurance company approved by the Authority. There is no pre-approved list of insurance companies.

No formal approval is needed. However, individuals serving in these roles are expected to be experienced, appropriately qualified, and at a management level.

No fee or application is required. However, the Authority must be informed of the appointments and must ensure that the appointed individuals are capable of fulfilling the role's requirements.

While it's preferred that the MLRO/Deputy MLRO reside in the Cayman Islands, the individual must be suitably experienced, qualified, and capable of effectively performing the role, regardless of residency.