Please ensure Javascript is enabled for purposes of website accessibility

Expertise

Services

We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients. Our commercial understanding and experience of working with leading financial institutions, professional advisers and regulatory bodies enable us to add real value to our clients’ businesses.

View all services

Consulting

Our experts provide independent guidance spanning advice and training to implementation and evaluation across sustainable investing, regulatory compliance and tech. Our tailored advice meets clients' specific needs, delivering flexible solutions and support.

View all Consulting

Sectors

Our sector approach relies on smart collaboration between our business divisions, our service lines and our jurisdictions. These sector-based teams have a deep understanding of related businesses and industry dynamics. The specific combination of our highly informed experts helps our clients see around corners.

View all sectors

Locations

Ogier provides practical advice on BVI, Cayman Islands, Guernsey, Irish, Jersey and Luxembourg law through our global network of offices across the Asian, Caribbean and European timezones. Ogier is the only firm to advise on this unique combination of laws.

News and insights

Keep up to date with industry insights, analysis and reviews. Find out about the work of our expert teams and subscribe to receive our newsletters straight to your inbox.

Fresh thinking, sharper opinion.

About us

We get straight to the point, managing complexity to get to the essentials. Our global network of offices covers every time zone. 

No Content Set
Exception:
Website.Models.ViewModels.Components.General.Banners.BannerComponentVm

Cayman Update on Final Returns for FATCA and CRS

Deal

16 January 2017

Cayman Islands, Hong Kong

A Reporting Financial Institution that has ceased to operate a financial business and/or has been placed into liquidation must submit a final report to the Cayman Islands Tax Information Authority (the TIA) in respect of its final reporting period or part-period.
 
The operators of the Reporting Financial Institution are responsible for ensuring the final report is made.  If a liquidator is appointed prior to the filing of the final report, the responsibility lies with the liquidator.  For this reason, when a Reporting Financial Institution is placed into liquidation, if a third party liquidator is being used, the Reporting Financial Institution's Principal Point of Contact should be changed to a representative of the liquidator.
 
Once the final report has been made, the Reporting Financial Institution must deregister with the IRS and the TIA.
 
Deregistration with the IRS
In order to deregister with the IRS, a Reporting Financial Institution must log on to the IRS FATCA portal and cancel its registration.  Once registration is cancelled, it will be removed from the list of FFIs and its GIIN will be cancelled.  Accordingly, a Reporting Financial Institution should not cancel its registration prior to receiving all of its US source income or it may be subject to withholding.
 
Deregistration with the TIA  
To request the deregistration of a Reporting Financial Institution from the AEOI Portal, the Principal Point of Contact must send the following information to the TIA via email to CaymanAEOIportal@gov.ky:

• A request to have the Reporting Financial Institution deregistered from the AEOI Portal;
• Name of the Reporting Financial Institution, the GIIN and the TIA issued Reporting Financial Institution number (e.g. FI000111);
• Confirmation that the Reporting Financial Institution has been deregistered with the IRS; and
• A statement advising that all reporting obligations for this Reporting Financial Institution have been met.

Once a Reporting Financial Institution is deregistered on the AEOI Portal it will no longer have access to view/edit returns. Accordingly, all returns must be submitted before requesting deregistration.
 

 

No Content Set
Exception:
Website.Models.ViewModels.Blocks.SiteBlocks.CookiePolicySiteBlockVm