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Although not yet in force (see below), the Cayman Islands has introduced a series of laws and regulations1 which will require all Cayman Islands companies and limited liability companies...

The Companies Law (as amended) (the "Companies Law") provides that all bodies corporate incorporated outside the Cayman Islands that carry on business within or establish a place of business in the Cayman Islands must register with the Cayman Islands Registrar of Companies (the "Registrar") as a foreign company.