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Every Cayman Islands company is required to keep at its registered office a register containing the names and addresses of its directors, including alternate directors and officers (the “Register”). Further, a Cayman Islands company is required to notify the Registrar of Companies (the “Registrar”) of changes to the Register in a timely manner. Changes to the Cayman Islands Companies Law, which were recently passed by the Legislative Assembly, have the effect of increasing certain time limits to file the Register and reducing the penalties associated with late filing of the Register.
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Cayman Islands Companies Law – imminent changes to the requirements for filing of the Register of Directors and Officers and waiver period