Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 27 APRIL 2023

2023 FATCA & CRS Alert - Upcoming Registration Deadline: Cayman Islands

Appleby
Appleby
Contributor
Appleby

Appleby

Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

View firm profile
Explore more from Appleby

It may not be hurricane season yet but filing season in Cayman is certainly upon us. An entity classified as a Cayman Islands financial institution under FATCA & CRS (In-scope entity) must complete...

Cayman IslandsCompliance
Simon Raftopoulos
Simon Raftopoulos
Menelik Miller
Menelik Miller
Miriam Smyth
Miriam Smyth
Author LinkedIn connections

It may not be hurricane season yet but filing season in Cayman is certainly upon us. An entity classified as a Cayman Islands financial institution under FATCA & CRS (In-scope entity) must complete their FATCA & CRS registration on the Cayman Islands Department for International Tax Cooperation ("DITC") portal by 1 May 2023, ahead of the annual filing deadline of 31 July 2023.

This registration requirement applies to any In-scope entity who commenced carrying on business activities during the 2022 calendar year. The DITC confirmed on 5 April 2023 (available here) that as the 2023 statutory registration deadline falls on Sunday 30 April 2023, an In-scope entity has until Monday 1 May 2023 to register on the DITC portal.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

Regulatory & Risk Advisory Review: Cayman Islands – July To September 2026

This regulatory newsletter examines critical compliance developments affecting Cayman Islands entities, including new enforceable AML rules responding to CFATF evaluation findings, expanded sanctions compliance obligations, and enhanced CRS 2.0 tax transparency requirements. The edition also analyzes recent UK sanctions enforcement actions and legislative amendments to the Legal Services Act that broaden exemptions for in-house counsel and regulated professionals.
Cayman IslandsCompliance
Conyers
Conyers
Article

Cayman AEOI: 2026 Deadlines And Regulatory Updates

Automatic Exchange of Information (“AEOI”) is an integral part of the global platform on fighting tax evasion. The AEOI regulatory framework entails cross-jurisdictional sharing of key data in relation to client financial accounts and transactions. AEOI encompasses the US Foreign Account Tax Compliance Act (“FATCA”) and the OECD’s Common Reporting Standard (“CRS”) frameworks and requires due diligence efforts as well as reporting.
Cayman IslandsCompliance
Maples Group
Maples Group
Article

BMA Sets Out Phased Path To A Bermuda Insurance Resolution Regime

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc
BermudaInsurance
Appleby
Appleby
Article

The Long Game: How Bermuda Became The World’s Life Reinsurance Capital

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.
BermudaInsurance
Appleby
Appleby