Dear Valued Client,
We hope this message finds you well. We are writing to inform you of an important change regarding the annual fees for entities registered in the Cayman Islands.
Effective January 1, 2025, the Cayman Islands government has announced an increase in the annual fees for all registered entities. This adjustment will apply to all companies, including the Cayman Islands Exempted Company, regardless of share capital, and is part of the government's efforts to enhance regulatory standards and operational efficiency within the jurisdiction.
As your trusted service provider, we want to ensure you are aware of this change so you can plan accordingly. Below is a summary of the new annual fee structure:
The adjustment is driven primarily by the increase in the Cayman Registry Companies government Fee of CI$100 (equivalent to US$122.00) and a modest adjustment to the registered office fee for operational costs (which may vary). Failure to pay the annual fee by the specified deadline can result in penalties and may lead to the company being struck off the register if unpaid for an extended period. To avoid any disruptions or additional costs, we recommend settling the fees promptly.
While we understand that any increase may raise concerns, please rest assured that we have made every effort to keep increases at a reasonable level necessary to meet the ongoing economic challenges and ensure long-term service continuity.
Adjustments shall be reflected in your upcoming renewal invoice for 2025.
We are here to assist you through this transition and ensure your compliance with the updated requirements. If you have any questions or need assistance with the payment process, please do not hesitate to contact us.
We appreciate your understanding and continued confidence in our services during this period of transition. Should you have any questions or require further clarification, please do not hesitate to reach out to your dedicated relationship manager.
Thank you once again for your valued partnership. We remain committed to delivering the same high level of service and excellence you have come to expect.
EWO CONSULTING www.ewoconsulting.com
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