The Cayman Islands Government has extended the deadline to respond to the public consultation regarding beneficial ownership of Cayman Islands registered companies to Friday, 28 February 2014, and I would like to encourage all Cayman Finance members to take advantage of the extension and submit an individual response on this important issues.
The extension was announced by Dr. Dax Basdeo, Chief Officer, Ministry for Financial Services, at the International Tax Initiatives Seminar Cayman Finance organised and held last January 23rd.
The Government felt the extra time was warranted for such a significant subject and is asking persons working in financial services and commerce, their clients, and the general public – including small-business owners to provide their input.
On January 24th, Cayman Finance submitted its own response to the Government. A copy of that letter can be read HERE.