ARTICLE
12 February 2025

Cayman Islands Annual Fee Deadlines And Penalties Update For 2024–2025

H
Harneys

Contributor

Harneys is a full-service offshore law firm offering expert legal advice on the laws of jurisdictions including the British Virgin Islands, Cayman Islands, Luxembourg, and more. Established in 1960, the firm has grown to 11 global locations with over 180 lawyers, serving top law firms, financial institutions, investment funds, and high-net-worth individuals. Harneys provides comprehensive legal support across transactional, contentious, and private client matters, often in collaboration with Harneys Fiduciary, which delivers corporate and wealth management services. Known for its role in shaping offshore jurisprudence, the firm also advises on legislative developments and excels in handling complex cross-border transactions and disputes.

On 15 January 2025, the Cayman Islands Monetary Authority (CIMA) reminds firms of key fee deadlines and penalties for 2024 and 2025...
Cayman Islands Corporate/Commercial Law

On 15 January 2025, the Cayman Islands Monetary Authority (CIMA) reminds firms of key fee deadlines and penalties for 2024 and 2025:

  • 2024 fees: Firms should have settled the full 2024 annual fees by 15 January 2025. Penalties will be applied to outstanding amounts starting 16 January 2025.
  • 2025 fee changes: An extension has been granted until 17 February 2025 for firms to pay the difference between 2024 and 2025 fee amounts. Penalties will apply to unpaid fee changes beginning 18 February 2025.

CIMA's supervisory information circular can be accessed here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More