CIMA Announces One-time Non-Compliant Directors' Amnesty Scheme (2025-09-03)

Summary

This is a notice from the Cayman Islands Monetary Authority (CIMA) announcing a one-time amnesty scheme for registered directors who are behind on their regulatory fees. The Scheme allows eligible directors to voluntarily settle outstanding annual fees and accrued penalties at a discounted rate, rather than facing full fees and penalties.

• Eligibility: Limited to registered directors who fall within the '1-19 covered entities' category and who, as of 31 August 2025, had more than two years of unpaid annual fees under the Directors Registration & Licensing Act, 2014.
• Exclusions: Directors currently under investigation or subject to enforcement action by CIMA or another regulator are excluded from participating.
• Participation: Participation is voluntary.
• Window: The Scheme is only open for a fixed 30-day window, from 16 September to 15 October 2025.
• Process: Eligible directors were contacted directly by CIMA with instructions, and applications must be submitted through the Directors' Gateway Portal. Anyone who believes they qualify but was not contacted can reach out to CIMA directly.
• After closure: After the Scheme closes, full fees and penalties will apply without exception, so directors wishing to regularise their status need to act within the window.

Key obligations

• Eligible directors who wish to participate must submit their application through the Directors' Gateway Portal (https://gateway.cimaconnect.com) during the Scheme window of 16 September to 15 October 2025
• Directors should log in to the Directors' Gateway Portal to review and confirm their status ahead of the Scheme's launch
• Directors who believe they are eligible but did not receive a notification email must contact CIMA at amnesty@cima.ky to inquire about participation
• Directors not participating, or missing the window, remain liable for full outstanding annual fees and accrued penalties after the Scheme closes on 15 October 2025

Applies to

registered directors (1-19 covered entities category)

Deadlines

• 31 August 2025: Eligibility cutoff: directors must have more than two years of unpaid annual fees as of this date to qualify for the amnesty Scheme
• 16 September 2025: Start date of the Amnesty Scheme; portal details and application process become available
• 15 October 2025: Closing date of the Amnesty Scheme; after this date full fees and penalties apply without exception