Considerations for terminating registration of your Cayman Islands entity before 2025 fees and filings are due

Cayman Islands entities receive their annual invoices for the following year’s registration fees in the last quarter of a current year. If you are considering terminating your entity’s registration with the Cayman Islands Monetary Authority (CIMA) and dissolving it or transferring to another jurisdiction, it is essential to act quickly to avoid or reduce next year’s registration fees and filing requirements.