Business Questions
What happens if a Caymanian business partner dies?
Hypothetically, a micro business is set up with the required 60% Caymanian, 40% non-Caymanian. There are just two people involved, and it’s going along nicely, but the Caymanian sadly passes away. What becomes of the business and the non-Caymanian’s status both in the business and on the island? Auntie’s answer: The Local Companies (Control) Law […]
Expired licence for utility company
Is there an update on the new or renewed licence for Cayman Brac Power & Light? According to OfReg’s website, CP&L’s licence expired on 16 December 2018. Auntie’s answer: The question came up in the comments 16 January under this article: OfReg gives nod to CUC plan to ease off fossil fuels. The reader is […]
