Current and future licence holders are advised that the law features several amended or entirely new components, all of which are intended to create a level playing field for business owners, and to make the overall business licensing system much more efficient.
Residents in Cayman Brac will have a chance to learn about changes to the business licensing process this week.
The Ministry of Financial Services, Commerce and Environment is sending two bills – one regarding gambling in the cruise ship industry, and one relating to the licensing of liquor vendors – for debate in the Legislative Assembly this month.
The commerce environment in Cayman will become better licensed and regulated with the implementation of the new Trade and Business Law.