Grand Cayman, 28 April 2026 – The Trade and Business Licence Board is now offering, for the first time in Cayman business licensing history, an increase in the duration of licences for up to five years for Caymanian-owned businesses.
Multi-year licences will be administered by the Department of Commerce and Investment (DCI) and are scheduled to be implemented today, Tuesday, 28 April 2026.
Businesses must meet the following criteria to be granted a multi-year licence:
- be considered as low-risk by the board
- be locally owned and operated as defined by section 18 of the Trade and Business Licence Act (2026 Revision);
- demonstrate a history of compliance with all relevant Acts and Regulations; and have no outstanding fines or breaches related to previous licences.