A Law to Repeal and Replace the Trade and Business Licensing Law (2007 Revision) to Further Provide for the Regulation of Trade and Business in The Cayman Islands; and to Provide for Incidental and Connected Purposes
Law to Provide for the Regulation of Secondhand Dealers; to Deter Unlawful Property Transactions and to Facilitate the Recovery of Stolen Property; and for Incidental and Connected Purposes
This is a message from the Trade and Business Licensing Unit:
The Trade and Business Licensing Unit plans to take action against those companies / individuals who are operating illegally and would therefore encourage those in contravention of the Law to take the necessary steps to pay the required Trade and Business fees. If you are carrying on business online, you are required to have a Trade and Business License or you would be in contravention of Section 26 of the Trade & Business Licensing Law (2007 Revision) and are liable to fines of $5,000 or up to 12 months imprisonment.
Forms are available online at www.dci.gov.ky or from the office at Cayman Corporate Centre, 27 Hospital Road, George Town.
For more information please contact us at: 945-0943 or [email protected]
For the Sister Islands please contact the DCI office in the Bodden & Bodden Building, Stake Bay or 948-2400 or [email protected]
About the Cayman Islands Department of Commerce and Investment
The Cayman Islands Department of Commerce and Investment provides a central point for the coordination of resources and information which investors, entrepreneurs and/or developers can access regarding business opportunities in the Cayman Islands.
Our professional staff provides a broad range of consultation, liaison, and coordination services that help investors proceed smoothly with their ventures in the Cayman Islands.
Business Counseling: We offer technical assistance to an individual and/or business that deals with the formation, management, marketing, financing, and/or operation of a small business enterprise. We provide a safe environment in which entrepreneurs can test and formalize their business ideas before making a resource commitment.
Training: Our workshops and seminars cover a range of subject areas of interest to businesses. The three main areas of training include: business development training; topic-specific training; and industry training.
Access to Financing Through partnerships with organizations such as the Cayman Islands Development Bank and the Cayman Angel Investors Network, we assist our clients to prepare business cases for funding through outside agencies and organizations.
Guidance: We advise on the regulatory requirements of setting up a business in Cayman and provide useful information on establishing a new enterprise. We also assist with the provision of relevant forms and fee schedules.
Site Visits: Staff members organize site visits for potential investors
Incentives: The agency negotiates incentives and other benefits for an investment proposal.