The Money Services Law requires money services businesses to pay the prescribed licence application and annual renewal fees. Fees payable by money services businesses are set in the Third Schedule (page 7) of the Money Services Businesses Regulations, 2009.
Annual fees are payable by 15 January each year.
See the current Fee Schedule for money services businesses and for all other CIMA-regulated entities.
Note: All fees quoted are in Cayman Islands Dollars (CI$). The conversion rate to be used for payment in United States Dollars (US$) is 0.82 (US$1.00 = CI$0.82).
Payment may be made by cheques and drafts drawn on local commercial banks, wire transfers, or International Money Orders (IMOs)/drafts.
Cheques should be made payable to the Cayman Islands Government and remitted to:
The Cayman Islands Monetary Authority
PO Box 10052
80e Shedden Road
Grand Cayman KY1-1001