The Cayman Islands has, since 2011, had a special economic zone known as Cayman Enterprise City (\u201cCEC\u201d). \u00a0The intention behind this is to make it simple for certain businesses to set up physical operations in the Cayman Islands and for owners of such business and their staff to move to, live and work in the Cayman Islands.<\/p>\n
Businesses that qualify to operate in CEC are referred to as \u201cbusiness parks\u201d and initially there were six: (1) internet (2) science and technology (3) media (4) commodities and derivatives (5) outsourcing and (6) academia.<\/p>\n
A seventh “business park”, the new Maritime Services business park, has\u00a0recently been added to this list. The Maritime Services business park is designed to encourage maritime services businesses to set up physical operations in the Cayman Islands. Maritime services business is an umbrella term comprising a comprehensive list of businesses with a maritime element. \u00a0The intention is to attract a cluster of maritime businesses to the Cayman Islands.<\/p>\n
The Cayman Islands is a tax neutral environment, levying no income, capital gains or similar taxes with a favourable while robust regulatory environment and excellent infrastructure and facilities.\u00a0\u00a0This, plainly, is attractive to businesses and their staff. \u00a0 With onshore tax and other authorities seeking additional sources of revenue or regulation, being able to easily establish an offshore physical presence to benefit from this can be highly desirable.<\/p>\n
Business in the CEC can be conducted through any Cayman Islands vehicle such as an exempted company or exempted limited partnership. \u00a0Physical presence can range from one person with shared business centre facilities through to a fully equipped office with multiple staff, so all needs can be catered for. \u00a0The cost is competitive and further details can be obtained from CEC, contact details \u00a0for which can be found at\u00a0http:\/\/www.caymanenterprisecity.com\/<\/span><\/span><\/a>.<\/p>\n In summary, the CEC offers\u00a0a wide\u00a0range of\u00a0businesses, including now maritime services\u00a0businesses,\u00a0the opportunity\u00a0to establish\u00a0a physical presence in an offshore jurisdiction quickly, efficiently and at a competitive cost.<\/p>\n For further details contact:<\/p>\n","protected":false},"excerpt":{"rendered":" A new Maritime Services business park has just been added to the Cayman Islands special economic zone. The Maritime Services Park is designed to encourage maritime services businesses to set up physical operations in the Cayman Islands.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.campbellslegal.com\/wp-json\/wp\/v2\/posts\/1338"}],"collection":[{"href":"https:\/\/www.campbellslegal.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.campbellslegal.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.campbellslegal.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.campbellslegal.com\/wp-json\/wp\/v2\/comments?post=1338"}],"version-history":[{"count":11,"href":"https:\/\/www.campbellslegal.com\/wp-json\/wp\/v2\/posts\/1338\/revisions"}],"predecessor-version":[{"id":1357,"href":"https:\/\/www.campbellslegal.com\/wp-json\/wp\/v2\/posts\/1338\/revisions\/1357"}],"wp:attachment":[{"href":"https:\/\/www.campbellslegal.com\/wp-json\/wp\/v2\/media?parent=1338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.campbellslegal.com\/wp-json\/wp\/v2\/categories?post=1338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.campbellslegal.com\/wp-json\/wp\/v2\/tags?post=1338"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.campbellslegal.com\/wp-json\/wp\/v2\/yst_prominent_words?post=1338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}