Updated CIMA and Registry Fees Now in Effect (2025-01-15)

Summary

This is a general industry notice from CIMA announcing that updated government fees for a wide range of regulated entities and registry services came into effect on 1 January 2025. The fee changes follow legislative amendments approved by the Cayman Islands Parliament on 9 December 2024.

• Sectors affected: Licensing, registration, and annual return fees across banking, trust, insurance, funds, partnerships, companies, securities investment business, and money services sectors.
• Legal basis: The notice lists over two dozen amending Acts and Regulations that give effect to these fee updates, some of which had not been revised in over a decade.

The notice itself does not set out the actual fee amounts; it directs readers to a separate updated fee schedule (linked from the original page) for specifics. Entities within scope should consult that fee schedule to determine the new amounts applicable to their licence, registration, or annual filings, and ensure future payments reflect the revised rates.

Key obligations

• Regulated entities must pay the updated government fees for licensing, registration, annual returns, and other CIMA/Registry services from 1 January 2025 onward, as set out in the amended fee schedule referenced by the notice.

Applies to

banks, trust companies, private trust companies, companies, exempted limited partnerships, limited liability companies, limited liability partnerships, partnerships, insurance companies, portfolio insurance companies, companies management licensees, securities investment business licensees/registrants, mutual funds, private funds, money services businesses

Deadlines

• 1 January 2025: Effective date from which updated CIMA and Registry fees apply.