Tag: Trade and Business Licensing
Temporary waiver of T&B application fees
Government has approved the Trade and Business Licensing (Temporary Reduction in Fee) Regulations 2020, which will waive the payment of trade and business licensing application fees for businesses, effective 1 May to 31 July 2020. In addition, late fees from 1 March to 31 July 2020 will be waived for all applicants.
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 […]
Company is copying another’s ad
I have been a small business owner since 2011. I now have an issue with another vendor (I’m not sure if they are actually licensed or not), who is literally copying my online advertisement content word for word and using it in their own adverts. Would you be able to tell me if there are any […]
Employee’s status unexpectedly changed to contractor
Can an employer unilaterally change your contract from employee to that of an independent contractor? I work in the real estate business and my employer has just changed my contract stating that I am now an independent contractor, in essence making me a subcontractor. I have been informed that I must pay my full 10% […]
Use of fraudulent trade and business licence
I am currently building my house. It has come to light that the trade and business licence that the contractor provided is fraud. He changed the years on a previous licence and presented it to me. This matter is now being dealt with by Department of Commerce and Investment. Is there anything that can be done […]
Concerned that regulations hurt small businesses
Can you tell me what government/immigration and the Trade and Business Licensing Department are trying to accomplish by changing the regulations in order to apply for a renewal or new Trade and Business Licence with all of the regulations they have now ie police record, bank statement? Do they realise that a lot of small […]
Liability for using unlicensed company
I use the services of a janitorial cleaning company. The persons they send to clean my home are not Caymanians and when I pay for these services the cheque is made to the janitorial cleaning company. I have not checked that the janitorial cleaning company has a trade and business licence nor have I checked […]
