Local Companies (Control) (Fees) (Amendment) Regulations, 2026 (SL 22 of 2026)

Local Companies (Control) Act (2025 Revision) LOCAL COMPANIES (CONTROL) (FEES)

PUBLISHING DETAILS

Regulation 1

Local Companies (Control) Act (2025 Revision) LOCAL COMPANIES (CONTROL) (FEES) In exercise of the powers conferred by section 22 of the Local Companies (Control) Act (2025 Revision), the Cabinet makes the following Regulations — Citation and commencement (1) These Regulations may be cited as the Local Companies (Control) (Fees) (2) These Regulations come into force on 28th April, 2026.

Regulation 2

Insertion of regulation 1A in the Local Companies (Control) (Fees) Regulations, 2024 - definitions The Local Companies (Control) (Fees) Regulations, 2024 are amended by inserting after regulation 1 the following regulation — “Definitions 1A. In these Regulations — “property development” has the meaning assigned by section 2 of the Trade and Business Licensing Act (2026 Revision); “property development business” means a company carrying on the business of property development; and “real estate business” means a company that deals in or offers to deal in land, by any or all of the following transactions relating to land — (a) purchases; (b) sales; or rentals, tenancies or leases.”. Amendment of the Schedule to the Local Companies (Control) (Fees) Regulations, 2024 - fees The Local Companies (Control) (Fees) Regulations, 2024 are amended in the Schedule as follows — (a) by deleting item 2 and its particulars and substituting the following items and particulars — No. Description Fee (Cayman Islands Dollars) the Act for all categories of applicants with the exception of accountants, bulk fuel installation businesses, real estate businesses and property development businesses $12,500 2A. the Act for real estate businesses $50,000 2B. the Act for property development businesses $100,000”; and

Regulation 3

(b) by deleting item 5 and its particulars and substituting the following items and particulars — No. Description Fee (Cayman Islands Dollars) 13(1) of the Act for all categories of applicants with the exception of accountants, bulk fuel installation businesses, real estate businesses and property development businesses $12,500 5A. 13(1) of the Act for real estate businesses $50,000 5B. 13(1) of the Act for property developers $100,000”. Made in Cabinet the 15th day of April, 2026. Kim Bullings Clerk of the Cabinet