The Cayman Islands Monetary Authority (CIMA) is offering a one-time amnesty scheme for registered directors to settle outstanding annual fees at a discounted rate. The initiative, running from 16 September to 15 October 2025, provides a limited-time opportunity for eligible directors to regularise their status under the Directors Registration & Licensing Act, 2014 (DRLA). The scheme targets registered directors within the '1–19 covered entities' category who, as of 31 August 2025, have more than two years of unpaid annual fees. It does not apply to directors currently under investigation or subject to enforcement action by CIMA or another regulatory body. CIMA has already contacted eligible directors directly via email with participation instructions. However, any director who believes they are eligible but did not receive a notification is advised to contact the Authority at amnesty@cima.ky. Applications must be submitted through the Directors’ Gateway Portal at https://gateway.cimaconnect.com. Eligible directors are encouraged to log in to the portal to review and confirm their status. Further details will be made available on the portal on 16 September 2025. While participation is voluntary, CIMA strongly encourages directors to take advantage of this 30-day window to return to good standing. After the scheme closes, full fees and penalties will apply without exception. The initiative reflects CIMA’s commitment to supporting good governance and regulatory compliance while acknowledging practical challenges that may have led to past non-compliance.
