The Cayman Islands Beneficial Ownership Regime (the BOR Regime) came into effect in July 2017 and amendments were made in December that now modify the scope of the exemptions available under the BOR Regime. The updated guidance for submissions has now been released 5 April 2018 to corporate service providers. New Exemptions and changes to the BOR Regime include:
Please contact Jacob Law for detailed information on all the newest obligations on the BOR Regime and for more information on how we can assist you in satisfying your obligations by June 2018. For a full briefing memo on the latest BOR Regime Update go to Beneficial Ownership Regime Amendments Update.