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Government to Further Enhance Cayman’s Beneficial Ownership Regime

Community Notices 10 Jan, 2020 Follow News

Government to Further Enhance Cayman’s Beneficial Ownership Regime

The Cayman Islands Government is presenting three bills to further refine and improve the jurisdiction’s beneficial ownership regime.

During the next meeting of the Legislative Assembly, the following bills will be debated:

The Companies (Amendment) Bill, 2020

The Limited Liability Companies (Amendment) Bill, 2020

The Limited Liability Partnership (Amendment) Bill, 2020

The bills provide clarification to the definition of beneficial owner and corporate service provider responsibilities. Additionally, the available exemptions and powers of the Registrar of Companies have been examined and addressed. These changes will strengthen the beneficial ownership regime in the Cayman Islands.


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