The Cayman Islands Monetary Authority (CIMA) and the General Registry have implemented revised government fees for selected services from 1 January 2025, introducing new fees and adjusting a range of existing charges. Some fees had not been updated for more than a decade. The revisions were developed following consultation with industry stakeholders and were approved by Parliament on 9 December 2024, with the changes underpinned by amendments to legislation and fee regulations spanning banking and trust companies, insurance, securities investment business, mutual funds, private funds, money services businesses, and entity formation and partnership regimes.
Cayman Islands Monetary Authority 2025-01-15
Cayman Islands Monetary Authority and General Registry implement updated government fees for select services effective 1 January 2025
The Cayman Islands Monetary Authority and the General Registry have revised government fees for certain services effective 1 January 2025, introducing new fees and adjusting existing charges. These changes, the first in over a decade for some fees, were developed in consultation with industry stakeholders and approved by Parliament, affecting sectors including banking, insurance, and securities.