Cayman Islands Director Registration Requirements

Directors should be aware of the requirements for registration, annual renewal, ongoing maintenance of director information and de-registration, as well as the consequences for failing to meet these requirements.

Under the Cayman Islands Director Registration and Licensing Law ("the Law"), before a director can be appointed to the board of a covered entity, they must be registered or licensed with the Cayman Islands Monetary Authority ("CIMA"). Directors should be aware of the requirements for registration, annual renewal, ongoing maintenance of director information and de-registration, as well as the consequences for failing to meet these requirements.

For a new board appointment, an application for registration under the Law should be made as soon as possible to avoid any delays given appointment cannot take place until registration is completed. Going forward, a director must renew their registration annually by confirming their registration information and