Important to know: Establishing your company in Cayman takes 4-6 weeks, and you can access a 5-year work/residency visa which takes 5 days to process. Setting up a genuine physical presence with Cayman Enterprise City’s (CEC) award-winning free zones is quick, efficient, and cost-effective.
Unique to the Caribbean, CEC offers a streamlined experience and turn-key solutions which include business licensing and corporate office space. Our Global Mobility Team makes your relocation to the Cayman Islands seamless.
Canadian companies can benefit from a very favourable Tax Information Exchange Agreement (TIEA) between Canada and the Cayman Islands Government, which in certain circumstances enables them to legitimately set up a subsidiary in Cayman, earn tax exempt revenues and repatriate the profits back to the mother company in
Canada, tax-free, as exempted surplus dividend.
A location that offers a robust community and the opportunity for networking is crucial for business growth.
Businesses will have multiple chances to meet fellow innovators and enjoy a rich calendar of events including wellness programmes, industry focused seminars, educational workshops, thought- leadership conferences, as well as fun sporting and charitable events. Once you’re part of the CEC community, you’ll never feel like you’re venturing out on your own.
Offshore locations like the Cayman Islands offer a vibrant mix of local and expatriate populations, fostering a cosmopolitan environment.
Over 135 different nationalities are represented in Cayman with a population of 66,653 people.
No need to enter the grey winter months, it’s time to jet set to the Cayman Islands–why not take advantage of Cayman Enterprise City and spend a few months in paradise?
3.3% of the population living in Grand Cayman are Canadian’s
50% of companies set up in CEC are from North America
150 registered healthcare facilities and little to no wait time to see physicians. There are 4.5 doctors and 6.3 nurses for every 1,000 people.
In setup and ongoing physical office operation costs with CEC. Annual savings can be anywhere from USD $40,000 for two person offices to upwards of USD $100,000 to USD $500,000 for larger teams.
CEC’s Global Mobility team takes the lead on helping you through the business license application and work visa, saving you significant time and money. Feedback from clients is that these services typically save them in the range of US$15,000 -US$20,000 dollars in legal/service provider set-up fees.
We explored various options, including the Bahamas and Singapore, but Cayman stood out for several reasons. Its proximity to North America, sharing the same time zone as Toronto and New York, made logistical sense.
Additionally, CEC streamlined the immigration and work permit processes, which, while still challenging, were made a lot more manageable with their assistance.
The privately held royalty and streaming business has experienced tremendous growth since establishing in the SEZ.
“Our company has based its people in Cayman to take advantage of the business benefits offered by the CEC. We have used those benefits to secure a talented team, to obtain hassle-free work permits, and to streamline our business within a tax neutral environment.
We sat down with Santosh Prasad and Ernie Nagratha from international tax advise company Trowbridge who shared their extensive expertise and experience in helping individuals and corporations to set up and operate abroad.
It's more than a great place to live. Learn about the benefits of moving offshore. If you would like to hear more about Cayman’s thriving special economic zones and discover what our team can do to help your business grow please don’t hesitate to get in touch – trading in the snow for white sandy beaches is easier than you think.
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