Important to know: Setting up a genuine physical presence with Cayman Enterprise City’s (CEC) award-winning free zones is quick, efficient, and cost-effective. CEC offers a streamlined experience and turn-key solutions so you can be up and running in 4-6 weeks.
In contrast to Dubai, which recently introduced VAT and a 9% federal corporate tax, the Cayman Islands remains a tax-free environment, with guaranteed tax concessions through to 2061 with CEC. This longstanding policy has cultivated a vibrant business environment, making Cayman an increasingly popular choice for offshore business.
Setting up operations with Cayman Enterprise City (CEC) offers several key advantages, including a vibrant business environment, robust special economic zone legislation, and significant cost savings. CEC specifically caters to high-growth industries like fintech, digital assets, and innovation, providing fast-track licensing and expert support.
Benefits of relocating your business from Dubai to the Cayman Islands:
Up to 40% reduction 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.
The CEC team takes the lead on helping you through the license application and work visas, saving you significant time and money. Services typically save members in the range of US$15,000 to $20,000 in legal/service provider set-up fees.
Mike and his team 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.
"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 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."
After relocating to the Cayman Islands nearly nine years ago with her family, Tanya, Founder and Strategist at CRO:NYX Digital, has built a thriving business while embracing the island’s unique lifestyle and opportunities.
"CEC has been instrumental in our growth. The Tech Talks, for example, have been invaluable for learning about innovative ideas and connecting with like-minded professionals."
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