Organization : Cayman Business Portal (CBP)
Facility : Filing Annual Return
Country : Cayman Islands
Website : https://www.cbp.ky/manage-your-company/file-annual-returns/
How To File Annual Return in Cayman Islands?
Annual returns are now done through cbp’s online tools. Sign in now to file your return. – Don’t have an account yet, get started now.
Related / Similar Facility : Cayman Islands Civil Partnership
Between 1st January and 31st March of each year after the registration of your company, Resident Companies must:
** Submit an annual return to the Registrar of Companies giving the names and addresses of members, directors, and amounts of paid-up capital.
** Pay the annual fee.
How To Report Company Changes in Cayman Islands?
As your company grows you’ll likely take steps to update some of its structure. Any changes to the following must be filed with the Registrar of Companies. Company changes can be updated online using CBP. Sign in now to update your company’s details.
Company Details:
The three key details your company is required to have updated and on-file with the Registrar of Companies are
** Memorandum & Articles
** Registered Office
** Company Name
Directors & Officers:
The name, address, and appointment status of all company directors and officers must be kept up to date at your Registered Office and with the Registrar of Companies. The Cayman Islands General Registry must be updated within 20 business days of a change to these details occurring.
Shares & Shareholders:
You need to notify General Registry when you change shareholding, change a shareholder’s personal information, or increase or decrease their share allocation. These changes should also be recorded on your own share register.
How To File Shareholder Information in Cayman Islands?
You are required to notify the Registrar of Companies, and keep on file at your Registered Office, an up-to-date record of shareholders and their respective shareholding.
Shareholder Information:
Shares & Shareholders:
You need to notify General Registry when you change shareholding, change a shareholder’s personal information, or increase or decrease their share allocation. These changes should also be recorded on your own share register.
Directors & Officers:
The name, address, and appointment status of all company directors and officers must be kept up to date at your Registered Office and with the Registrar of Companies. The Cayman Islands General Registry must be updated within 20 business days of a change to these details occurring.
Filing Beneficial Ownership Information
Cayman companies are required by Law to maintain and file beneficial ownership information, in line with international standards and commitments to combat money laundering, tax evasion and terrorist financing. This regime is aimed at improving the exchange of information between Cayman and international regulatory, enforcement and tax authorities. Once filed, the information will be stored on the Cayman Islands Government’s centralised beneficial ownership platform.
Ordinary companies have two options by which they can make their filings, if they are not using a Corporate Service Provider ( CSP) they can sign up to the Registry’s online portal CBP and submit their filings electronically or in the case where a CSP is being used then that service provider can also make the filing for the company.
Learn about Beneficial Ownership:
A beneficial owner of a company:
** holds, directly or indirectly, more than 25% of the shares or voting rights in the company;
** or has the right to appoint or remove a majority of the company’s board of directors.
** if no individual in the company meets these conditions, the beneficial owner is the person who (directly or indirectly) has significant influence or control over the company, through either direct or indirect ownership.
** This does not apply if such control is solely in the capacity of a manager, director, or adviser.
What Information is required for Each Beneficial Owner?
** Full legal Name
** Residential Address
** Date of birth
** Identification – this can be in the form of a Passport, Driver’s Licence or any other Government issued photo identification.
** The date on which the person became Beneficial Owner, or in the event where a person relinquishes beneficial ownership – the share date that person ceased being a beneficial owner.
Note: Another registered company can also be considered a Beneficial Owner.