Foundation Companies (Fees) Regulations, 2017

Summary

This is a short regulation made under the Foundation Companies Law, 2017, setting out the fees payable in connection with Cayman Islands foundation companies. It was made by Cabinet on 17 October 2017 and published in the Extraordinary Gazette on 19 October 2017. The regulation itself is brief: it states that the prescribed fee for each item listed in the Schedule (Table of Fees) is the amount specified against that item.

The Schedule sets out three specific fees, applicable to persons or companies seeking to establish, or already operating as, a foundation company in the Cayman Islands, and to their registered office/secretary in connection with the specified filings.

• Application to become a foundation company: US$500 for an application under section 5(3) of the Foundation Companies Law to become a foundation company.
• Altering the memorandum: US$75 for altering a foundation company's memorandum under section 9(4)(a).
• Change of secretary: US$75 for a change of secretary under section 16(2).

The document does not contain broader ongoing compliance obligations beyond payment of these specific fees when the corresponding applications or filings are made; it is essentially a fee schedule rather than a substantive regulatory regime.

Key obligations

• Pay a fee of US$500 when applying under section 5(3) of the Foundation Companies Law to become a foundation company
• Pay a fee of US$75 when altering a foundation company's memorandum under section 9(4)(a)
• Pay a fee of US$75 when filing a change of secretary under section 16(2)

Applies to

foundation companies, applicants seeking to become a foundation company