How To Prepare For End-Year Cayman Islands Liquidations

Year-end preparations for financial firms are well underway, with the associated deadlines coming into view. Cayman Islands-based entities that are approaching or have reached the end of their lifecycle should consider including a voluntary liquidation as part of this end-of-year administration. 

To avoid incurring any unnecessary government registration fees, companies in the Cayman Islands that are considering a voluntary liquidation should bring on an appointed liquidator. This contact will need either to hold the company's final general meeting or submit the final dissolution notice for an exempted limited partnership on or before 31 January 2024.

In light of this deadline, please contact a liquidations professional no later than 1 November 2023 for advice on and to begin any on-boarding and pre-appointment requirements.