s.12Licensing of work permit holders
12
Section 12Part 3 — REGISTRATION AND LICENSING

Licensing of work permit holders

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A person who is not Caymanian or a permanent resident and who —
is registered as a member under section 8 and continues to meet the qualifications for membership specified in section 8;
is or seeks to be a sole practitioner public accountant or a partner, director or person holding an equivalent position in a firm of public accountants;
is either registered as a relevant sole practitioner or the firm of public accountants of which the person is a partner, director or person holding an equivalent position has registered as a relevant firm under section 38;
pays the prescribed fee; and
satisfies any other requirements relating to fitness and propriety that may be prescribed,
may apply in the prescribed form to be licenced by the Council to engage in public practice from or within the Islands.
The Council, if satisfied that a person meets the requirements for licensing under subsection (1), shall issue a licence to the person.
A licence issued by the Council under subsection (2) may be subject to such conditions as the Council determines appropriate.
Where a person is qualified to be a member by virtue of the person having been granted permission under section 53 of the repealed Immigration Law (2015 Revision) to engage in a gainful occupation, the Council may only issue a licence to engage in public practice from or within the Islands to the person if the Council is satisfied that —
the person or a firm of public accountants with which that person is affiliated has a place of business in the Islands from which public accounting services are carried on; and
there is a special need to issue the licence having regard to circumstances the Council considers relevant.
Where the person is qualified to be a member by virtue of the person having been granted permission under section 48 of the repealed Immigration Law (2015 Revision) to engage in a gainful occupation but the Council is not satisfied that the person is resident in the Islands, the Council may only issue a licence to engage in public practice from or within the Islands to the person if the Council is satisfied that —
the person or a firm of public accountants with which that person is affiliated has a place of business in the Islands from which public accounting services are carried on; and
there is a special need to issue the licence having regard to circumstances the Council considers relevant.
A licence granted by the Council under subsection (3) or (4) shall only be granted for a limited duration of time and is subject to the conditions that the Council determines appropriate.

Cross References

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