Organization : Department of Commerce & Investment (DCI)
Facility : Apply For Business Licence
Country : Cayman Islands
Website : https://www.dci.gov.ky/apply-for-business-licence
How To Apply For Business Licence in Cayman Islands?
A Trade and Business Licence is a licence issued by the Trade and Business Licensing Board which allows a person / company to ‘carry on business’ in the Cayman Islands. An application may go before the Trade & Business Licensing Board within two to four weeks or less following submission of the application.
Related / Similar Facility : DCI Amend a Business Licence Cayman Islands
However this period may be greater, whenever an applicant has not provided all the requisite information. Once an application is reviewed by the Board, a decision will be communicated to the applicant via email within 5 – 15 business days. Applicants may contact the DCI at anytime regarding the status of an application.
Applicants wishing to carry on a trade or business in or from within the Islands, can only apply for the grant or renewal of a licence if it:-
** is Caymanian owned and controlled;
** holds, or has applied for, a licence under the Local Companies (Control) Law;
** is a non-resident company
** non-LCC company, exempted company or limited liability company
There are two types of application forms, one for a Registered Company licence and one if applying as a Sole Trader. All forms are available online or can be requested by sending an email to: info@dci.gov.ky
Apply Here : https://online.gov.ky/dci/faces/services;jsessionid=0W8zciVIvao74U1hK9LyO6q1tKVA_CpTknVqM1bmCDvNAB4hChf7!904626851
What is Business Licensing?
Any person or company who wishes to ‘carry on business’ of any trade of business as mentioned in the Schedule 1 of the Trade & Business Licensing Law must, unless exempted from this requirement under that law, obtain a Trade and Business Licence in respect of each place where such business is carried on.
Further, if the company is less than 60% Caymanian owned and controlled they will also require a Local Companies (Control) Licence issued under the Local Companies (Control) Law. For further information on the requirements and procedures of making an application for either of these licences click on the Guidance tab. To download a copy of the relevant laws, click on the Information and Laws tab.
FAQ On Business Licensing
Frequently Asked Questions FAQ On Business Licensing
How long does it take for an application for a Trade & Business/Local Companies (Control) Licence to be processed?
An application may go before the Trade & Business Licensing Board within three to six weeks or less following submission of the application. However this period may be greater, whenever an applicant has not provided all the requisite information. Once an application is reviewed by the Board, a decision will be communicated to the applicant via email within 5 – 15 working days. Applicants may contact the DCI at any time regarding the status of an application.
Are there any other licensing requirements that I must comply with in order to operate a business here?
Yes. In certain circumstances, and depending on the nature of the proposed business, approval may be needed from other Government Departments, for example the Public Transport Board, The Health Practice Commission (or underlying boards), Port Authority and others.