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(1) These Regulations may be cited as the Trade and Business Licensing (Amendment to the Schedule) (Temporary Reduction of Fees) Regulations, 2023. (2) These Regulations come into force on 1st January, 2024.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Amendment of Schedule 1 to the Trade and Business Licensing Act (2021 Revision) - fees 2. The Trade and Business Licensing Act (2021 Revision) is amended in Schedule 1 in Part A by repealing the heading \u201cTemporary Reduction in fees for Micro businesses and Small businesses\u201d and the particulars under that heading and substituting the following heading and particulars \u2014 Regulation 2 Trade and Business Licensing (Amendment to the Schedule) (Temporary Reduction of Fees) Regulations, 2023 SL 34 of 2023 \u201cTemporary Reduction in fees for Micro businesses and Small businesses 1. Subject to paragraph 2, for the period January 1, 2024 to December 31, 2025, the temporary reductions under this heading apply to micro businesses and small businesses that \u2014 (a) are independently owned and operated; (b) are for profit; and (c) have close control over operations, with decisions taken by the owner. 2. The following classes of micro businesses and small businesses are trades and businesses that are excluded from the reduction in fees provided for under this heading \u2014 (a) providers of auditing services; (b) financial services firms other than insurance agents; and (c) exempted companies within the meaning of section 2(1) of the Companies Act (2023 Revision).\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"For the purposes of this heading \u2014 (a) the \u201cfee\u201d means the relevant fee set out in Part B; (b) a \u201cmobile business\u201d is a business that is not operated from a fixed location but from a pedal cycle, motor cycle, motor car or other motor vehicle; (c) the number of employees in a trade or business is determined by \u2014 (i) the calculation of the average number of employees of the trade or business based on each of the pay periods for the preceding twelve calendar months; and where the trade or business has not been in operation for twelve months, the calculation of the average number of employees of the trade or business for the months that it has been in operation preceding the application; (ii) the inclusion of part-time and temporary employees in the number of full-time employees; and (iii) the exclusion of volunteers or persons who receive no compensation, including payment in kind for work, from the number of full-time employees; and (d) the annual gross revenue of a trade or business is determined by \u2014 Trade and Business Licensing (Amendment to the Schedule) (Temporary Reduction of Fees) Regulations, 2023 Regulation 2 SL 34 of 2023 (i) the sum total of revenue for the preceding twelve calendar months; and (ii) where the trade or business has not been in operation for twelve months, a projection of the total annual revenue based on the months for which the trade or business has been in operation.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_4\", \"num\": \"4.\", \"text\": \"A trade or business that is a micro business or a small business is eligible for a reduction in the respective fees set out in Part B of this Schedule, and the respective reduction applies according to the location of the trade or business as follows \u2014 Location of trade or business Type of business Percentage reduction on fee George Town Micro business Small business 100% 50% West Bay Micro business Small business 100% 50% East End Micro business Small business 100% 75% North Side Micro business Small business 100% 75% Bodden Town Micro business Small business 100% 75% Little Cayman Micro business Small business 100% 50% Cayman Brac Micro business 100% Regulation 2 Trade and Business Licensing (Amendment to the Schedule) (Temporary Reduction of Fees) Regulations, 2023 SL 34 of 2023 Small business 50%\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_5\", \"num\": \"5.\", \"text\": \"Where a trade or business is classified as a mobile business, the location will be determined by reference to the \u201cblock and parcel\u201d on the trade and business licence or, in the case of an applicant for a licence, the address provided on the application form.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_6\", \"num\": \"6.\", \"text\": \"For the avoidance of doubt \u2014 (a) the reduction in fees provided for under this heading and applicable to micro businesses and small businesses in Cayman Brac and Little Cayman shall be applied to the reduced fee provided for under the heading \u201cLicensing Fee for Little Cayman and Cayman Brac\u201d in this Schedule; (b) sections 23(2), (3) and (4) of the Act apply to applicants for licences and licensees of micro businesses and small businesses that are seeking to qualify or have qualified for a reduction in fees; and (c) surcharges under sections 23(2) and (3) of the Act shall be computed based on the renewal fee set out at Item 3 in Part A of Schedule 1.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_7\", \"num\": \"7.\", \"text\": \"The licensee shall inform the Board immediately of any change to the revenue, the number of employees, ownership and licence of any micro business or small business benefitting from the reduction in fees.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_8\", \"num\": \"8.\", \"text\": \"Failure to \u2014 (a) inform the Board in accordance with paragraph 7; or (b) pay any fine, penalty or surcharge imposed in accordance with the Act, unless that fine, penalty or surcharge is waived by the Board, may result in the disqualification of the micro or small business from benefitting from the reduced fees. Trade and Business Licensing (Amendment to the Schedule) (Temporary Reduction of Fees) Regulations, 2023 Regulation 2 SL 34 of 2023\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_9\", \"num\": \"9.\", \"text\": \"The final date for the submission of an application for the grant or renewal of a licence which is subject to the reduction in fees under this heading is the 31st day of December, 2025.\u201d. Made in Cabinet the 11th day of December, 2023. Kim Bullings Clerk of the Cabinet\", \"element\": \"section\", \"heading\": null}], \"meta\": {\"notes\": null, \"workflow\": null, \"lifecycle\": {\"source\": \"#cilegis\", \"eventRef\": [{\"eId\": \"e_commence_2023_01_01\", \"date\": \"2023-01-01\", \"type\": \"generation\", \"source\": \"#cilegis\"}]}, \"references\": {\"source\": \"#canary\", \"TLCRole\": [], \"TLCEvent\": [{\"eId\": \"ev_commencement\", \"href\": \"\/akn\/ontology\/canary\/event\/commencement\", \"showAs\": \"commencement\"}], \"TLCPerson\": [], \"TLCConcept\": [{\"eId\": \"inForce\", \"href\": \"\/akn\/ontology\/canary\/concept\/temporal\/in-force\", \"showAs\": \"in force\"}], \"TLCProcess\": [], \"TLCLocation\": [], \"TLCOrganization\": [{\"eId\": \"cilegis\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\", \"showAs\": \"Cayman Islands legislation mirror (kyleg)\"}]}, \"temporalData\": {\"source\": \"#cilegis\", \"temporalGroup\": [{\"eId\": \"tg_inforce_2023_01_01\", \"timeInterval\": [{\"end\": null, \"start\": \"#e_commence_2023_01_01\", \"duration\": null, \"refersTo\": \"#inForce\"}]}]}, \"classification\": null, \"identification\": {\"source\": \"#cilegis\", \"FRBRWork\": {\"FRBRuri\": \"\/akn\/ky\/act\/amending\/2023\/r034\", \"FRBRdate\": [{\"date\": \"2023-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/amending\/2023\/r034\/!main\", \"FRBRalias\": [{\"name\": \"cmsId\", \"value\": \"2023-R034\"}], \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRnumber\": \"R034 of 2023\", \"FRBRcountry\": \"ky\", \"FRBRsubtype\": \"amending\"}, \"FRBRExpression\": {\"FRBRuri\": \"\/akn\/ky\/act\/amending\/2023\/r034\/eng@2023-01-01\", \"FRBRdate\": [{\"date\": \"2023-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/amending\/2023\/r034\/eng@2023-01-01\/!main\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRlanguage\": \"eng\"}, \"FRBRManifestation\": {\"FRBRuri\": \"\/akn\/ky\/act\/amending\/2023\/r034\/eng@2023-01-01.xml\", \"FRBRdate\": [{\"date\": \"2026-06-22\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/amending\/2023\/r034\/eng@2023-01-01.xml\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRformat\": \"application\/xml\"}}}, \"name\": \"act\", \"header\": {\"title\": \"Trade and Business Licensing (Amendment to the Schedule) (Temporary Reduction of Fees) Regulations, 2023 (SL 34 of 2023)\", \"actNumber\": \"R034 of 2023\", \"longTitle\": null}}, \"doc\": null, \"bill\": null, \"judgment\": null}}","akn_full_text":"CAYMAN ISLANDS\n\nTrade and Business Licensing Act\n(2021 Revision)\nTRADE AND BUSINESS LICENSING\n(AMENDMENT TO THE SCHEDULE)\n(TEMPORARY REDUCTION OF FEES)\nREGULATIONS, 2023\n(SL 34 of 2023)\nSupplement No. 11 published with Legislation Gazette No. 41 dated 15th December, 2023.\n\n\u2000\n\nPage 2\nSL 34 of 2023\nc\n\nPUBLISHING DETAILS\n\nTrade and Business Licensing (Amendment to the Schedule)\n(Temporary Reduction of Fees) Regulations, 2023\nRegulation 1\n\nc\nSL 34 of 2023\nPage 3\n\nCAYMAN ISLANDS\n\nTrade and Business Licensing Act\n(2021 Revision)\nTRADE AND BUSINESS LICENSING\n(AMENDMENT TO THE SCHEDULE)\n(TEMPORARY REDUCTION OF FEES)\nREGULATIONS, 2023\n(SL 34 of 2023)\nIn exercise of the powers conferred by section 40(2) of the Trade and Business Licensing\nAct (2021 Revision), the Cabinet makes the following Regulations \u2014\n1.\nCitation and commencement\n1.\n(1) These Regulations may be cited as the Trade and Business Licensing\n(Amendment to the Schedule) (Temporary Reduction of Fees) Regulations,\n2023.\n(2) These Regulations come into force on 1st January, 2024.\n2.\nAmendment of Schedule 1 to the Trade and Business Licensing Act (2021\nRevision) - fees\n2.\nThe Trade and Business Licensing Act (2021 Revision) is amended in Schedule 1 in\nPart A by repealing the heading \u201cTemporary Reduction in fees for Micro businesses\nand Small businesses\u201d and the particulars under that heading and substituting the\nfollowing heading and particulars \u2014\n\nRegulation 2\nTrade and Business Licensing (Amendment to the Schedule)\n(Temporary Reduction of Fees) Regulations, 2023\n\nPage 4\nSL 34 of 2023\nc\n\n\u201cTemporary Reduction in fees for Micro businesses and\nSmall businesses\n1.\nSubject to paragraph 2, for the period January 1, 2024 to December\n31, 2025, the temporary reductions under this heading apply to micro\nbusinesses and small businesses that \u2014\n(a)\nare independently owned and operated;\n(b) are for profit; and\n(c)\nhave close control over operations, with decisions taken by the\nowner.\n2.\nThe following classes of micro businesses and small businesses are\ntrades and businesses that are excluded from the reduction in fees\nprovided for under this heading \u2014\n(a)\nproviders of auditing services;\n(b) financial services firms other than insurance agents; and\n(c)\nexempted companies within the meaning of section 2(1) of the\nCompanies Act (2023 Revision).\n3.\nFor the purposes of this heading \u2014\n(a)\nthe \u201cfee\u201d means the relevant fee set out in Part B;\n(b) a \u201cmobile business\u201d is a business that is not operated from a\nfixed location but from a pedal cycle, motor cycle, motor car or\nother motor vehicle;\n(c)\nthe number of employees in a trade or business is determined\nby \u2014\n(i)\nthe calculation of the average number of employees of the\ntrade or business based on each of the pay periods for the\npreceding twelve calendar months; and where the trade or\nbusiness has not been in operation for twelve months, the\ncalculation of the average number of employees of the\ntrade or business for the months that it has been in\noperation preceding the application;\n(ii) the inclusion of part-time and temporary employees in the\nnumber of full-time employees; and\n(iii) the exclusion of volunteers or persons who receive no\ncompensation, including payment in kind for work, from\nthe number of full-time employees; and\n(d) the annual gross revenue of a trade or business is determined\nby \u2014\n\nTrade and Business Licensing (Amendment to the Schedule)\n(Temporary Reduction of Fees) Regulations, 2023\nRegulation 2\n\nc\nSL 34 of 2023\nPage 5\n\n(i)\nthe sum total of revenue for the preceding twelve calendar\nmonths; and\n(ii) where the trade or business has not been in operation for\ntwelve months, a projection of the total annual revenue\nbased on the months for which the trade or business has\nbeen in operation.\n4.\nA trade or business that is a micro business or a small business is\neligible for a reduction in the respective fees set out in Part B of this\nSchedule, and the respective reduction applies according to the\nlocation of the trade or business as follows \u2014\n\nLocation of trade\nor business\nType of business\nPercentage\nreduction on\nfee\nGeorge Town\nMicro business\nSmall business\n100%\n50%\nWest Bay\nMicro business\nSmall business\n100%\n50%\nEast End\nMicro business\nSmall business\n100%\n75%\nNorth Side\nMicro business\nSmall business\n100%\n75%\nBodden Town\nMicro business\nSmall business\n100%\n75%\nLittle Cayman\nMicro business\nSmall business\n100%\n50%\nCayman Brac\nMicro business\n100%\n\nRegulation 2\nTrade and Business Licensing (Amendment to the Schedule)\n(Temporary Reduction of Fees) Regulations, 2023\n\nPage 6\nSL 34 of 2023\nc\n\nSmall business\n50%\n5.\nWhere a trade or business is classified as a mobile business, the\nlocation will be determined by reference to the \u201cblock and parcel\u201d on\nthe trade and business licence or, in the case of an applicant for a\nlicence, the address provided on the application form.\n6.\nFor the avoidance of doubt \u2014\n(a)\nthe reduction in fees provided for under this heading and\napplicable to micro businesses and small businesses in Cayman\nBrac and Little Cayman shall be applied to the reduced fee\nprovided for under the heading \u201cLicensing Fee for Little\nCayman and Cayman Brac\u201d in this Schedule;\n(b) sections 23(2), (3) and (4) of the Act apply to applicants for\nlicences and licensees of micro businesses and small businesses\nthat are seeking to qualify or have qualified for a reduction in\nfees; and\n(c)\nsurcharges under sections 23(2) and (3) of the Act shall be\ncomputed based on the renewal fee set out at Item 3 in Part A\nof Schedule 1.\n7.\nThe licensee shall inform the Board immediately of any change to\nthe revenue, the number of employees, ownership and licence of any\nmicro business or small business benefitting from the reduction in\nfees.\n8.\nFailure to \u2014\n(a)\ninform the Board in accordance with paragraph 7; or\n(b) pay any fine, penalty or surcharge imposed in accordance with\nthe Act, unless that fine, penalty or surcharge is waived by the\nBoard,\nmay result in the disqualification of the micro or small business from\nbenefitting from the reduced fees.\n\nTrade and Business Licensing (Amendment to the Schedule)\n(Temporary Reduction of Fees) Regulations, 2023\nRegulation 2\n\nc\nSL 34 of 2023\nPage 7\n\n9.\nThe final date for the submission of an application for the grant or\nrenewal of a licence which is subject to the reduction in fees under\nthis heading is the 31st day of December, 2025.\u201d.\nMade in Cabinet the 11th day of December, 2023.\nKim Bullings\nClerk of the Cabinet","akn_extracted_at":"2026-06-22 15:43:54.869493+00","cms_id":"2023-R034","law_type":"amending","year":"2023","number":"R034","title":"Trade and Business Licensing (Amendment to the Schedule) (Temporary Reduction of Fees) Regulations, 2023 (SL 34 of 2023)","status":"spent"},"provenance":{"files":[{"file_id":"6488","expr_id":"1648","kind":"akn_xml","filename":"2023-R034.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2023\/2023-R034\/2023-R034.akn.xml","content_md5":"93412c1ca66a6e66e5dae0cc0314d4ec","byte_size":"10066","http_last_modified":null,"fetched_at":"2026-06-22 15:43:54.918392+00"},{"file_id":"3295","expr_id":"1648","kind":"pristine_pdf","filename":"2023-R034.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2023\/2023-R034\/2023-R034.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/AMENDING\/2023\/2023-R034\/2023-R034.pdf","content_md5":"1ac6112799e84b38a899b20315578a6a","byte_size":"221717","http_last_modified":null,"fetched_at":"2026-06-16 04:01:10.912852+00"},{"file_id":"3296","expr_id":"1648","kind":"working_pdf","filename":"2023-R034.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2023\/2023-R034\/2023-R034.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2023\/2023-R034\/2023-R034.pdf","content_md5":"1ac6112799e84b38a899b20315578a6a","byte_size":"221717","http_last_modified":null,"fetched_at":"2026-06-16 04:01:10.912852+00"}],"paragraph_count":9,"latest_history":null},"quality":{"expr_id":"1648","doc_id":"1648","quality_state":"needs_review","quality_score":"72","needs_human_review":"t","deterministic_categories":"{commencement_metadata_problem,duplicate_text,page_header_footer_noise}","llm_categories":"{}","repair_actions":"{collapse_duplicate_text,strip_page_furniture,verify_commencement_metadata}","finding_severity_counts":"{\"low\": 1, \"medium\": 2}","finding_summary":"repeated line furniture detected: sl 34 of 2023 x8; 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