Cayman Enterprise City (CEC), a special economic zone where aviation companies can set up offices in a stable offshore jurisdiction where they can conduct business in a tax neutral environment.
Grand Cayman, Cayman Islands (29 May 2018) -- Aviation companies are being presented with an attractive location to base their operations with recent developments at Cayman Maritime & Aviation City, a component of the emerging Cayman Enterprise City (CEC), a special economic zone where companies can set up offices in a stable offshore jurisdiction where they can conduct business in a tax neutral environment.
In addition to recently becoming a member of the National Business Aviation Association (NBAA), Cayman Maritime & Aviation City has attracted CHC Helicopter, which runs one of the most extensive search and rescue (SAR) networks in the world. The company with bases in six continents also transports offshore oil and gas workers in the North Sea, the Caspian Sea, the Atlantic Ocean, both sides of the Indian Ocean and the Timor Sea.
“We are very excited to welcome CHC Helicopter to Cayman Maritime & Aviation City,” said Cayman Enterprise City CEO Charlie Kirkconnell. “CHC is an industry leader with decades of experience and an excellent reputation in the offshore transport industry. They are a perfect example of the type of business that the special economic zone was set up to attract and we hope that their decision to set up in Cayman will motivate other aviation industry players to consider Cayman Maritime & Aviation City as well.”
Being a member of the NBAA, allows Cayman Maritime & Aviation City to be part of a leading organization that has more than 11,000 industry members and hosts the world’s largest civil aviation trade show – the NBAA Aviation Convention and Exhibition.
Helping to make Cayman Maritime & Aviation City an attractive choice is the jurisdiction’s reputable aircraft registry comprised of private, corporate and commercial operations, and a partnership with The Civil Aviation Authority of the Cayman Islands. This provides additional opportunities for commercial air transport operations to be conducted offshore with operators establishing their principle place of business in the Cayman Islands.
“This addition to the Aviation City and the CAACI is a very positive development for the Cayman Islands. It has shown that multi-faceted international aviation industries can be established here. Operators of Cayman Islands registered aircraft now being able to establish their principle place of business within the jurisdiction to obtain an Air Operator’s Certificate for offshore commercial air transport is a wonderful addition to the benefits of the Cayman Islands,” said CAACI Director-General Richard Smith.
Meantime, Mr Kirkconnell is representing CEC at the 2018 European Business Aviation Convention & Exhibition (EBACE) in Geneva from 29 to 31 May. At that event, thousands of industry leaders will have the opportunity to discuss the potential benefits of having offices in a CEC’s special economic zone.