Portcullis outlines new Cayman Islands regulatory fees, including a USD183 CIMA management license and a USD350 compliance support fee for economic substance and beneficial ownership filings from 2021.
This circular sets out a number of fee revisions as a result of recent regulatory compliance requirements and introduction of an additional license fee by the Cayman Authority.
CIMA ANNUAL MANAGEMENT LICENCE FEES
The Cayman Authority has levied an annual management license fee for each entity payable to the Cayman Islands Monetary Authority (“CIMA”) each year in January.
We will be including this annual management license fee of USD183.00 per company in your next renewal invoice for the 2021 renewal year.
ECONOMIC SUBSTANCE NOTIFICATION AND BENEFICIAL OWNERSHIP OBLIGATIONS
Please be reminded from the number of notices sent on this subject that the Company is required to file an Economic Substance Notification (“ESN”) to the Cayman Authority via its registered office annually every January. The ESN is a prerequisite for the filing of the Annual Return and Declaration and payment of license fee each year.
The Company is also required to file information on beneficial ownership of the company to the designated Authority each month via its registered office. The lodgement of this notification entails the encryption, physical delivery and subsequent decryption of the data each month.
Increasing resources and effort have to be dedicated to facilitating these regulatory filings. In effort to defray such increasing costs, we will be charging a fee of USD350.00 per annum to attend to these matters. The revised fee will be reflected in your next renewal invoice for the 2021 renewal year.
A GENTLE REMINDER
We take this opportunity to remind all companies that they must notify the corporate service provider under the Companies Law, 2020 Revision (and as amended from time to time) of any changes to information on Directors and Officers, Shareholders and Beneficial Owners, so as to ensure that this is updated in the Registers within the stipulated timeframes.
We thank you for your cooperation and understanding.
Please do not hesitate to contact your relationship manager or alternatively, email us at info.caymanislands@portcullis.co should you have any concerns or wish to discuss any aspect of this letter.
PORTCULLIS GROUP
www.portcullis.co
因應近來法規遵循要求和開曼政府導入額外許可證費用,此通知函列出若干費用調整。
開曼金管局年度管理許可證費
所有開曼實體皆須在每年一月支付予開曼群島金融管理局(「開曼金管局」)的年度管理許可證費。因此,本公司將在 貴公司下一次的2021年度年費發票中,包括本項年度管理許可證費,每家公司美元183.00元。
經濟實質通報與最終受益人義務
本項主旨的眾多通告函提醒,公司有義務每年一月透過註冊辦公室向開曼政府提交經濟實質通報書。提交經濟實質通報書,為每年得以提交周年申報與聲明書和每年年費的前提條件。
公司還必需每月透過註冊辦公室向指定政府機關提交公司最終受益人的資料。在此方面,提交此通知需每月資料加密、實體投遞及嗣後解密。
致力於法規的申報必須耗費增加許多資源及努力。因此,為支付此增加的成本,本公司將額外收取美元350元處理這些事項。該增加的費用將列入 貴公司下一次的2021年度年費發票中。
禮貌性提醒
本公司亦擬藉此機會提醒各公司,各公司依公司法規定必須通知公司服務供應商,根據2020年公司法(及不定時修訂)其董事、負責職員、股東及最終受益人的任何資料變更,以確保在規定期限範圍內予以更新名冊上的資料。
本公司感謝 貴公司的合作及諒解。
若 貴公司需要釋疑說明,請洽詢 貴公司的關係經理,或電郵本公司至:
info.caymanislands@portcullis.co。
保得利集團
www.portcullis.co
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