home-container-ships.jpgCayman Maritime Services Park

The Cayman Islands has distinguished itself from other special economic zones and favourable tax jurisdictions, such as Malta, Singapore and Cyprus, with the establishment of the Cayman Maritime Services Park (CMSP). CMSP is a component of Cayman Enterprise City (CEC), an award winning Special Economic Zone, which enables businesses within the maritime industry to efficiently and cost-effectively set up a genuine physical presence with offshore company and staffed offices to generate an active business income onshore, in the Cayman Islands. Companies that establish in this international maritime centre can take advantage of Cayman’s jurisdictional benefits, along with a series of globally competitive concessions granted by the Cayman Islands Government.

Concessions and reasons to establish within CMSP 

  • The opportunity to establish a substantial onshore presence in one of the world’s leading financial services jurisdictions
  • Access to a safe, stable and secure onshore business environment that is regularly reviewed by the OECD and the IMF, and also evidenced by the global strength and recognized quality of the Cayman Islands’ flag
  • 100% exempt from corporate tax, capital gains tax, sales tax, income tax, import duties
  • Renewable five-year work/residency visas granted for staff within 5 days
  • 4-6 week fast-track set-up of operations, including incorporation documents
  • Intellectual Property owned offshore
  • No government reporting requirements
  • Strategically located next to North and Latin America and at the crossroads of two of the world’s major shipping lanes

Eligible Market Sectors

CEC can accept companies and divisions of companies that are involved in the maritime industry including:

  • Ship owners/operators/managers
  • Shipbrokers
  • Shipping financiers
  • Marine insurance
  • Technology companies and start-ups engaged in innovative maritime research and development, data management, and more
  • The head offices or satellite offices of maritime industrial businesses and yacht manufacturing and repair businesses
  • Demurrage calculation and post deal expenses calculation
  • Freight trading and brokerage businesses
  • Crew salaries and benefits processing companies
  • Bunker brokerage
  • Shipping operations
  • Logistics planning and vessel management companies
  • Management consulting
  • Other specialized services to the maritime sector

 

Find out how establishing in the Caribbean’s maritime centre benefits your business.  Call us on +1-345-945-3722 today or email: info@CaymanEnterpriseCity.com for more details.

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