Cayman Islands companies registers now open to the public

Thursday, 01 October 2020
The Cayman Islands' registers of companies and limited liability companies (LLCs) are open to public inspection from today (1 October 2020).

Under the Companies (Amendment) (No.2) Law 2020 and the Limited Liability Companies (Amendment) (No.2) Law 2020, anyone can search the registers on payment of a fee of USD61. These laws were introduced in response to the Financial Action Task Force recommendation that certain basic information for legal entities be made publicly searchable. The same recommendations are being adopted globally, for example under the European Union's Fifth Anti-Money Laundering Directive (5AMLD).

The information available on Cayman Islands companies includes the company name; the location of its registered office; its share capital; names and addresses of its initial shareholders or members and the amount of their subscription; the execution and filing dates of its memorandum of association; company number; the nature of its business and the date of its financial year-end.

However, there is no continuing obligation on companies or LLCs to keep the register up-to-date when their shareholders or members change. Only the names of the initial shareholders or members, not the current ones, will be revealed by a search of the register, note experts at law firm Mourant.

The same rules will also apply to limited liability partnerships once the Limited Liability Partnership Law 2017 is fully implemented.


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