Tag: Department of Commerce and Investment

DCI offers AML help to vulnerable businesses

DCI offers AML help to vulnerable businesses

| 18/10/2017 | 0 Comments

(CNS Business): Professionals in the real estate sector and dealers in precious metals and stones were offered help and support recently from the Department of Commerce and Investment in ways to combat money laundering and terrorist financing. The sectors are classified as Designated Non-Financi [...]

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Bars need inspections ahead of renewals

Bars need inspections ahead of renewals

| 17/07/2017 | 3 Comments

(CNS Business): Liquor licence holders in the Cayman Islands have just one month before their annual renewals are due. Licence holders, including those with music and dancing licences, that want to carry on having the right to sell booze need to submit their applications before Friday, 18 August [...]

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Minister aims for business compliance

Minister aims for business compliance

| 19/01/2017 | 3 Comments

(CNS Business): Starting this month, the Department of Commerce and Investment will be clamping down on rogue businesses who have not paid for their trade and business licences or who are not compliant with the other laws. Commerce Minister Wayne Panton said he wants to see a level playing field [...]

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New Year fines for owners who fail to renew TBLs

New Year fines for owners who fail to renew TBLs

| 22/11/2016 | 2 Comments

(CNS Business): Owners who are operating businesses using expired licences will be subject to fines under the Trade and Business Licensing Law (TBL) in the New Year, the Department of Commerce and Investment has warned. Government will be clamping down in January and businesses owners who allow t [...]

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Foreign investors must prove effort to find local partners

Foreign investors must prove effort to find local partners

| 23/09/2016 | 3 Comments

(CNS): As the Department of Commerce and Investment steps up the enforcement of the Local Companies (Control) Licence Law, it has said that foreign investors who are placing newspaper advertisements seeking Caymanian participation in potential business ventures must direct people to the Trade and [...]

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DCI steps up oversight of local expat businesses

DCI steps up oversight of local expat businesses

| 07/09/2016 | 1 Comment

(CNS Business): The Department of Commerce and Investment has introduced tighter controls to “better uphold” the legislation that governs the regime surrounding Local Companies (Control) Licences. Companies that are created with international and Caymanian partners remain a controversial area [...]

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DCI prepares to call time on booze licencees

DCI prepares to call time on booze licencees

| 16/08/2016 | 0 Comments

(CNS Business): The Department of Commerce and Investment (DCI) is urging liquor licence holders to submit their applications ahead of Friday’s deadline, otherwise they will have to apply again from scratch. Officials are concerned that, based on the number of applications they have received so [...]

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DCI to send T&B licences via email

DCI to send T&B licences via email

| 28/07/2016 | 0 Comments

(CNS): The Department of Commerce and Investment (DCI) said that is has begun issuing business licences electronically to improve the licensing process. Against the backdrop of growing complaints that the new regime, which has more checks and balances in the system, has become extremely burea [...]

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Street vendors get short reprieve ahead of fines

Street vendors get short reprieve ahead of fines

| 12/07/2016 | 13 Comments

(CNS Business): Local tradespeople who have been selling souvenirs, coconuts or fruit, or renting beach chairs or snorkel kits without a trade and business licence on the streets of George Town, along Seven Mile Beach and at the West Bay dock have been given one more month to comply with the law [...]

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Ex-senior cop to lead DCI enforcement team

Ex-senior cop to lead DCI enforcement team

| 02/05/2016 | 1 Comment

(CNS Business): A former chief inspector with the RCIPS has taken up the post of head of Compliance and Enforcement at the Department of Commerce and Investment (DCI), which has added four new staff members over the last month to beef up enforcement of the laws relating to the business community [...]

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Police train trade officer with new powers

Police train trade officer with new powers

| 22/02/2016 | 0 Comments

(CNS Business): Under new legislation dealing with the local business environment, the Department of Commerce and Investment’s trade officers now have the same powers as police constables and have therefore been training with the RCIPS to learn what it takes to enforce local laws before they go [...]

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New T&B law focus of Brac business expo

New T&B law focus of Brac business expo

| 03/12/2015 | 0 Comments

(CNS): Government officials will be taking the opportunity to make sure the business community on Cayman Brac is prepared for the implementation of the new Trade and Business Law at a forthcoming business expo. Staff from the Department of Commerce and Investment will be at the expo, which is bei [...]

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DCI on hand at upcoming CayShop expo

DCI on hand at upcoming CayShop expo

| 28/10/2015 | 0 Comments

(CNS Business): Local business owners have another opportunity to get familiar with the new Trade and Business Licensing Law . Department of Commerce and Investment (DCI) staff will be present at the CayShop business expo, which opens tomorrow, Thursday 29 October, at 5:30pm at the ARC in Cama [...]

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Chamber wins DCI workshop contract

Chamber wins DCI workshop contract

| 23/09/2015 | 0 Comments

(CNS Business): The Chamber of Commerce will be taking over the small business workshops that were being provided by the DCI, government officials have revealed almost a month after the contract was awarded following a tendering process. Government has not said how much it is worth or who else [...]

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New T&B licence law will help small business

New T&B licence law will help small business

| 23/04/2015 | 3 Comments

(CNS Business): Several pieces of legislation recently passed will soon take effect, changing how some local and small businesses operate in the Cayman Islands, and government officials said the new Trade and Business Law is central to these change efforts. Under the new law, rogue contractors wh [...]

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