Cayman Islands Compliance Calendar | 2023
The following calendar provides a breakdown of all of the important Cayman Islands specific compliance filing dates that you should be aware of for 2023.
A pdf copy of the calendar is available to view and download HERE.
Deadline
Filing Description
Authority
Notes
15th January 2023
CIMA fee payments for all entities registered with CIMA
CIMA
Late payment penalties start to accrue after the 15th of January 2023 on a monthly basis.
15th January 2023
Annual declaration for directors registered with CIMA under the Director Registration and Licensing Act
CIMA
-
15th January 2023
Annual declaration for entities registered as a Registered Person under the Securities Investment Business Act
CIMA
-
31st January 2023
Economic Substance Notification
Registrar of Companies
This must be filed before an annual return can be filed
31st January 2023
Annual Return and payment of annual fees for all companies and partnerships incorporated or registered in the Cayman Islands (including foreign partnerships and companies)
Registrar of Companies
For an entity to be considered in good standing the Annual Return and fees must be filed and paid by 31 January 2022. If the Annual Return and fees are not filed and paid by 31 March 2022 then late payment penalties start to accrue on a quarterly basis
30th April 2023
Registration for entities defined as Financial Institutions under CRS and FATCA legislation that started business between 1 May 2021 and 29 April 2022
DITC
-
30th June 2023
Audited financial statements for mutual funds and private funds with a financial year end of 31 December 2022
CIMA
-
30th June 2023
FAR Form for mutual funds and private funds with a financial year end of 31 December 2021
CIMA
1st September 2023
Date by which strike off application must be submitted for an entity to be dissolved on 31 December 2023
Registrar of Companies
-
15th September 2023
CRS Compliance Form for the year ending 31 December 2022
DITC
1st November 2023
Date by which strike off application must be submitted for an entity to avoid 2024 fees
Registrar of Companies
The entity will be dissolved on the 31st March 2024
1st December 2023
Date by which an entity must be put into voluntary liquidation to avoid 2023 fees
Registrar of Companies
-
Variable
Tax Resident in Another Jurisdiction form, or Economic Substance Return for entities that carried on any relevant activity during 2022, with a financial year end during 2022 (eg 31 March, 30 June, 30 September or 31 December 2022)
DITC
For example, an entity with a 30 June 2022 financial year end and conducting a relevant activity between 1 January 2022 and 30 March 2022 must file its Economic Substance Return by 30 June 2023
Ongoing
Beneficial Ownership information or exemption
Registrar of Companies
Entities registered with CIMA as a Registered Person under the Securities Investment Business Act or registered under the Private Funds Act or the Mutual Funds Act are not required to obtain beneficial ownership details nor maintain a beneficial ownership register, however they must file details of their exemption
Any Questions?
If you have any questions about any of these filing requirements or need support, contact a member of our team.
- Todd Hazlewood
Managing Director, Fiduciary Services
- Lee Moroney
Associate Director, Fiduciary Services