The Cayman Islands government has introduced a system of licensing and registration for directors of certain types of companies.
The Directors Registration and Licensing Law, 2014 applies to directors of companies that are:
The Law does not apply to unit trusts or partnerships.
The new regime contemplates three categories of directors:
Applications from Professional Directors and Registered Directors must be received by CIMA by 4 September 2014; applications from Corporate Directors must be received by 4 December 2014. Useful FAQs are available on CIMA's website: http://www.cimoney.com.ky/