It’s Easy to Set Up Your Cayman Business

Cayman Enterprise City SEZ News

The Ideal Jurisdiction for Technology Driven Businesses

[fa icon="clock-o"] Mar 26, 2018 4:06:55 PM [fa icon="user"] Kaitlyn Elphinstone [fa icon="folder-open'] Cayman Tech City

Cayman Tech City Banner.jpg

Cayman's Tech Hub 

The attributes that have made 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.

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.

Cayman Tech City’s Blockchain Boom

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.

As of February 2018, some 50 blockchain companies have established or are in the process of setting up within Cayman Tech City, an award-winning development project by Cayman Enterprise City which consists of three special economic zones focused on attracting knowledge-based and specialised-services businesses. With a dedicated Government Authority, licensing fee concessions and a guaranteed fast-track processes, 225 companies of all sizes from across the globe have taken advantage of the benefits and now operate within the Island’s three special economic zones - Cayman Tech City, Cayman Commodities & Derivatives City, and Cayman Maritime & Aviation City.

Cosmopolitan Island Life 

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. Cayman Tech City gatherings such as bi-monthly crypto currency meetups, conferences, and sporting activities have allowed likeminded entrepreneurs to network and Cayman’s tech community to flourish. Custom office designs create inspiring places to work from and turn-key solutions offered by Cayman Tech City make setting up quick and cost-effective. With no commute and warm weather all year around, setting up a business in Cayman Tech City is a no-brainer.

 CEC - Tech City Logo.jpg

+1-345-945-3722
info@CaymanEnterpriseCity.com
Twitter @CEC_Cayman

Kaitlyn Elphinstone

Written by Kaitlyn Elphinstone

Kaitlyn Elphinstone is Marketing Manager at CEC and is responsible for developing and implementing the company’s international marketing, PR and lead generation strategies. She also heads up all local marketing initiatives including Enterprise Cayman which is a partnership between the CI government and CEC to connect Caymanians with opportunities in the zone.

Subscribe to Email Updates

Read Our Newsletter

Recent Posts

  8 Great Reasons to Move Offshore