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Companies are using CEC as part of their global structuring strategy, as it provides them with the opportunity to cost-effectively establish a genuine physical presence offshore, which can significantly enhance their competitiveness in the global marketplace and enable them to generate a tax-exempt active business income in the Cayman Islands.
One of the world’s leading international financial centers, the jurisdiction is home to preeminent global law firms, top accounting firms and acts as a gateway to North and Latin America markets with direct flights to London multiple times per week. Cayman is the ideal place to develop intellectual property and with the absence of local corporate tax, income tax and capital gains tax, businesses can be far more profitable, when they physically operate from Cayman.
CEC has established a thriving community of talented professionals and entrepreneurs through an extensive events programme and via thoughtfully designed community spaces.
CEC schedules regular networking events for zone companies and their staff which include – social receptions, breakfast get-togethers, fitness and wellness activities, clubs, crypto currency meetups, beach clean-ups, and specialty events such as drone racing. Office spaces include – shared kitchens, open seating working spaces, and lounges help to promote new partnerships. Even the artwork encourages engaging conversations.
It is through this supportive network of like-minded individuals who thrive on innovation and are always seeking new opportunities for growth, that CEC is able to attract significant business and cutting-edge start-ups.
Cayman is also a Technology Hub which makes the Cayman Islands so enticing to the financial services sector have attracted some of the world’s top technology entrepreneurs and leading Blockchain and FinTech businesses to set up a genuine physical presence in the jurisdiction.
Cayman’s robust regulatory environment, impressive legal system, and the abundance of on-island talent, matched with an envy-inducing island lifestyle, has made Cayman the perfect domicile from which to operate technology-driven business.
In recent months, blockchain development companies have been setting up in Cayman Tech City on a weekly basis. The Island’s business-friendly Government has put in place legislation which enables international companies and start-ups to efficiently and cost-effectively set up a physical presence. Businesses, staffed from anywhere in the world, can be legally operating in their Cayman office within 4-6 weeks and the tech industry has certainly taken notice.
A big part of the allure is a fast-track system that features an expedited business licensing regime that can have companies fully established within four to six weeks, including renewable five-year work/residency visas for staff which can be processed in as little as five days.
Unlike other island nations such as the Bahamas a minimum capital investment is not required and permits, visas, trade certificates, and turn-key office solutions, are conveniently bundled into affordable serviced packages and delivered by CEC via a streamlined process, which removes bureaucratic red tape.
Custom office designs create inspiring places to work from and turn-key solutions offered by CEC make setting up quick and cost-effective. CEC also provides offshore data-centre facilities through their strategic partner Brac Information Centre.
Cayman’s attractive mix of cosmopolitan and island life, the vibrant social scene, picturesque panoramas, world class attractions, Michelin star restaurants, and a close-knit community which consists of more than 135 nationalities makes it easy to attract and retain talent.
CEC also provides offshore data-centre facilities through their strategic partner Brac Information Centre. For more information email CEC on firstname.lastname@example.org or call +1 (345) 945 3722 or visit www.caymanenterprisecity.com.
Work/Residency Visas for Staff
CEC enables businesses to immediately re-locate key staff from any country of origin to the Cayman Islands, particularly those that may not be able to get visas for the US or Canada. CEC companies can obtain five year work/residency visas for personnel within five working days.
Intellectual Property can be held by a zone company and licensed internationally from this tax-neutral jurisdiction.
Many CEC companies avail themselves of the benefit of establishing their IP offshore early, as part of their overall business strategy, in order to maximise the value of this key asset for the whole of the company’s life cycle, avoiding costly migration issues later.
To learn about Cayman’s modernised intellectual property laws refer to Intellectual Property Legislation.
Access to Global Markets
Moving to a new country can be daunting. With this in mind, CEC has developed a comprehensive support programme which is offered by way of CEC’s Client Experience team. Unlike anywhere else in the Caribbean, CEC helps new tenants and their employees settle comfortably into life in the Cayman Islands. Even after the application process is done and dusted CEC staff are in constant contact and remain in a supportive role to help SEZ companies grow.
Through annual meetings and regular catch-ups, the CEC Client Experience team act as a strategic connector putting SEZ clients and entrepreneurs in touch with companies in related industries and service providers who are able to help.
This concierge-style service includes everything from recruitment support to trade certificate and visa renewals and Cayman’s close-knit community ensures that CEC members are connected with the right professionals in every industry. From doctors to educators to top real-estate agents, highly skilled individuals are attracted to Cayman’s cosmopolitan island lifestyle and close proximity to major airports.