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Industry Updates

Cayman Islands Limited Liability Companies - Open for Business

08 Jul 2016

Further to our updates of 18 December 2015 and 9 June 2016, Maples and Calder is pleased to announce that the Limited Liability Companies Law, 2016 came into force on 8 July 2016.  

The Registrar of Limited Liability Companies has confirmed that the first available registration date will be 13 July 2016.  From this date it will be possible to: 

(a) form and register a new Cayman Islands limited liability company (an "LLC"); 

(b) migrate an entity organised in another jurisdiction into the Cayman Islands as an LLC (including from Delaware, whether for regulatory or other reasons); 

(c) convert an existing Cayman Islands exempted company into an LLC; and 

(d) merge an existing Cayman Islands exempted company into an LLC.

A copy of the LLC Law can be viewed here.

For further information, please liaise with your usual Maples and Calder team or any of the contacts above.  You may also access our legal guides.

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