Back to Resources

The Voluntary Liquidation Timeline in Cayman

Daniel McGrath
2
min. read
June 26, 2025

Typical Timeline for Voluntary Liquidation

Most solvent Cayman voluntary liquidations take between three and six months from start to finish. More complex cases, especially those involving audits, regulatory approvals, or illiquid assets may take longer.

Key Milestones

  • Day 0–1: Directors approve solvency declaration
  • Day 1–10: Members pass resolution; Gazette notice published
  • Day 10–120: Liquidation period; assets realised, liabilities paid
  • Day 120–180: Final meeting held; final filings made
  • +90 days: Company officially dissolved by Registrar

Factors That May Extend the Timeline

  • Delays in final audits or NAV strike
  • Pending CIMA deregistration
  • Tax filings in foreign jurisdictions
  • Identification of contingent assets or claims

Practical Tips for Staying on Track

  • Engage auditors early
  • Ensure financial statements are current
  • Coordinate CIMA filings and deregistration early
  • Address contingent liabilities or indemnities upfront

Final Thoughts

Good planning and stakeholder coordination can ensure the process is completed efficiently and without unnecessary delay. Early attention to audit, tax, and regulatory matters is key to avoiding an open-ended wind-down.