Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 18 JULY 2024

Cayman Key Dates And Preparations For Voluntary Liquidation

Stuarts Humphries
Explore more from Stuarts Humphries

Cayman Islands-based companies considering a 2024 year-end voluntary liquidation should plan early to avoid stress and ensure timely filing as the firm nears the end of its lifecycle.

Cayman IslandsCorporate/Commercial Law
Megan Wright
Megan Wright
Richard Annette
Richard Annette
Chris Humphries
Chris Humphries
Author LinkedIn connections

Cayman Islands-based companies considering a 2024 year-end voluntary liquidation should plan early to avoid stress and ensure timely filing as the firm nears the end of its lifecycle.

Preparing for the liquidations process months in advance can help companies avoid extra regulatory costs and lessen the burdens associated with annual filing and reporting requirements. At Stuarts, our liquidation experts can offer guidance to help simplify the wind-down process.

Key Deadlines for Voluntary Liquidations

Companies aiming to dissolve by 31 December 2024 must start the members voluntary liquidation process before 30 August 2024. For potentially more complex cases, it is advisable to begin the voluntary liquidation process well before this date.

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

Related Comparative Guides

See more popular content from

Article

New PRC Offshore Trust Tax Rules – Key Implications For Cayman And BVI Offshore Trust Structures

On 24 July 2026, China's Ministry of Finance and State Taxation Administration jointly issued the Announcement on Individual Income Tax Matters Relating to Offshore Trusts (《财政部 税务总局关于离岸信托个人所 得税有关事项的公告》) (Announcement No. 21 of 2026) (the "Notice"), together with a companion Announcement of the State Taxation Administration on Collection and Administration Matters Relating to Individual Income Tax on Offshore Trusts...
GlobalCorporate/Commercial Law
Maples Group
Maples Group
Article

New CIMA AML Rule And Sanctions Rule: What Regulated Entities Need To Consider

The Cayman Islands Monetary Authority has introduced new enforceable Rules on anti-money laundering and sanctions compliance, effective September 18, 2026. These Rules transform previous guidance into directly enforceable requirements, establishing clear obligations for regulated entities including mandatory annual training for governing bodies, independent audit requirements, and enhanced AMLCO independence standards.
Cayman IslandsCorporate/Commercial Law
Carey Olsen
Carey Olsen
Article

How Cayman Islands Investment Funds And Regulated Entities Can Prepare For CIMA AML Desk-based Reviews

The Cayman Islands Monetary Authority is launching desk-based AML reviews of regulated entities, including investment funds, beginning October 2026. These remote supervisory reviews will focus on fund-level risk assessments, compliance programme documentation, and AML governance arrangements, with entities expected to respond within five business days. Investment funds must ensure their risk assessments address money laundering, terrorist financing, and proliferation financing risks across customers
Cayman IslandsCorporate/Commercial Law
Walkers
Walkers
Article

2027 CRS, FATCA And CARF Deadlines

The Cayman Islands Department for International Tax Cooperation has released critical updates for the 2027 compliance cycle covering Common Reporting Standard, Foreign Account Tax Compliance Act, and Crypto-Asset Reporting Framework requirements. Financial institutions and crypto-asset reporting service providers must navigate new registration deadlines, enhanced due diligence procedures, and the transition to updated XML reporting schemas for the 2026 calendar year.
Cayman IslandsTax
Stuarts Humphries
Stuarts Humphries
Article

Cayman CRS PPoC: Local Contact Requirements

The Cayman Islands has introduced a new local nexus requirement for Common Reporting Standard compliance, mandating that Financial Institutions appoint a Principal Point of Contact with a physical presence in the Cayman Islands. With the 31 January 2027 deadline approaching and penalties of CI$10,000 for non-compliance, FIs must urgently review their current registrations and ensure their appointed contacts meet the updated territorial requirements.
Cayman IslandsTax
Stuarts Humphries
Stuarts Humphries
Article

Establishing Your Cayman Fund, Investment Manager, Fintech Business Or Digital Asset Venture

The Cayman Islands has emerged as a leading jurisdiction for establishing funds, investment management operations, and digital asset ventures, offering regulatory clarity and a sophisticated financial services ecosystem. This guide examines the regulatory framework for traditional and tokenised funds, the Virtual Asset Service Providers Act regime, and opportunities within the Cayman Islands Special Economic Zone. Legal experts outline the practical steps and strategic advantages for fund managers, fintech
Cayman IslandsFinance and Banking
Stuarts Humphries
Stuarts Humphries
Article

Guide: Cayman Fund, Investment Manager And Fintech Establishment

The Cayman Islands has emerged as a premier jurisdiction for digital asset funds, tokenised investment vehicles, and fintech ventures, offering regulatory clarity through frameworks like VASPA and SIBA. This comprehensive guide explores how entrepreneurs and fund managers can leverage Cayman's tax-neutral environment, flexible fund structures including segregated portfolio companies, and the Special Economic Zone to establish and scale digital asset businesses with legitimate offshore substance.
Cayman IslandsFinance and Banking
Stuarts Humphries
Stuarts Humphries
Article

Cayman Islands Local PPOC Requirement

The Cayman Islands has implemented new regulations requiring every Cayman Financial Institution to designate a Principal Point of Contact based locally, with an extended compliance deadline now set for January 2027. This development represents a significant component of the jurisdiction's broader CRS 2.0 implementation framework, creating new operational obligations for financial institutions operating in the territory.
Cayman IslandsTax
Stuarts Humphries
Stuarts Humphries