Category: Cayman
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Distribution of Dividend Payments: Returns to Shareholders
Introduction Dividend payments are a key mechanism for returning value to shareholders. In this article we take a look at general principles governing the process, applicable laws and financial determinations to be made in three jurisdictions: the British Virgin Islands (BVI), Cayman Islands and Hong Kong. In each jurisdiction distributions by dividend are governed by…
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FATCA & CRS – Reporting Obligations and Key Considerations
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In line with global tax transparency initiatives and the automatic exchange of information (AEOI) regime, financial institutions are required to comply with the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). These frameworks mandate the collection and reporting of financial account information and reportable accounts to local tax authorities. In the…
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Upcoming Cayman Islands Fund Annual Return filing due 30 June 2025 for entities with a FYE of 31 Dec
A reminder that all regulated funds (including mutual, hedge and private funds) registered with the Cayman Islands Monetary Authority (CIMA) and with a financial year ending 31 December, must file their fund annual returns (FAR) and audited financial statements (AFS) for the 2024 financial year on or before 30 June 2025. For funds seeking an…
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Upcoming Jurisdiction Filing Deadlines
Jurisidiction Filing type Filing deadline Applicable entities Documents required for filing Authority BVI Filing of Register of Members (ROM) 30 June 2025extended to 31 December 2025 BVI companiesNote: mutual funds and listed companies are exempt from this filing 1. Register of Members (ROM)2. KYC of shareholders3. Associated transaction documentation Registry of Corporate Affairs BVI Filing…
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Segregated Portfolio Companies in the Cayman Islands: Structure, Benefits & Practical Applications
A Cayman Islands exempted company can be registered as a Segregated Portfolio Company (SPC) under the Cayman Islands Companies Act (Revised) (Companies Act). Registration can occur at incorporation or later. An SPC remains a single legal entity but may create distinct segregated portfolios (Portfolios), with statutory ring-fencing ensuring that the assets and liabilities of each Portfolio are protected from those of other Portfolios and the general assets of the…
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Hong Kong Unveils Re-domiciliation Scheme to Attract Global Enterprises
On 14 May 2025 the Legislative Council of the Hong Kong Special Administrative Region (Hong Kong SAR) enacted the Amendment Ordinance 2025 (the Ordinance), introducing a streamlined inward company re-domiciliation scheme. Under the Ordinance, foreign-incorporated entities can transfer their domicile to Hong Kong SAR while preserving their corporate identity and operational continuity, provided they satisfy…
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Cayman Foundation Companies
Since introducing the Foundation legislation in 2017, Cayman Island Foundations have become a useful structuring vehicle for diverse commercial and personal purposes. On the commercial side as a legal wrapper, the vehicle has been popular as part of a decentralised autonomous organisation (DAO), due to its unique properties: These features are available for wealth structures…
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FAQs: Navigating Year-End Accounting, Audits, and Tax-Filing with Marbury
FAQs: 1. Why is year-end accounting and auditing important for my business? 2. What services does Marbury offer for year-end accounting and auditing? 3. What documents do I need to prepare for my year-end audit? 4. What are the key Inland Revenue Department (IRD) PTR deadlines for 2025? 5. Does my Hong Kong company need…
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Cayman Islands Beneficial Ownership Regime Update: Access Restrictions, Legitimate Interest Access and Beneficial Ownership Transparency
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The Cayman Islands has recently established a comprehensive framework for accessing beneficial ownership information based on legitimate interest and for protecting such information from disclosure. These updates enhance the existing beneficial ownership regime and ensure compliance with evolving beneficial ownership reporting requirements. They also reinforce robust access restrictions and Legitimate Interest Access protocols, as mandated…
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Understanding Pre-emption: The Essential Right for Shareholders
Introduction In the intricate world of private companies, safeguarding the investments and interests of shareholders is paramount. One such protective measure is the right of pre-emption, also known as the right of first refusal. This corporate mechanism empowers existing shareholders by granting them the opportunity to acquire shares being sold by fellow shareholders before they are…