Important Reminder: Beneficial Ownership Deadline

Further to our previous advisories on this topic, the Cayman Islands beneficial ownership regime is in force and steps need to be taken by all companies and limited liability companies.

The regime mandates that all Cayman Islands companies and limited liability companies must establish and maintain a non-public register of beneficial owners, unless they fall within an exemption.

Exempt companies and limited liability companies are required to provide their corporate services provider with written confirmation of the applicable exemption.

Failure to comply by 30 June 2018 may result in financial penalties against the company and its directors, as well as restrictions on the transfer of shares.

Where Walkers Corporate Limited is your registered office provider, and if you have not done so already, please reach out to either your usual Walkers contacts or This email address is being protected from spambots. You need JavaScript enabled to view it. to ensure that you are compliant with the regime.

For further detail relating to the beneficial ownership regime generally, please see our previous advisories dated 10 April 2017, 5 January 2018 and 8 March 2018.

CAYMAN ISLANDS
Anne DolanDirectorT +1 345 814 7620anne.dolan@walkersglobal.com
Este RabeyManager, Corporate GovernanceT +1 345 814 7652este.rabey@walkersglobal.com