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Cayman’s Special Economic Zone Announces International Outreach Campaigns

Update Date:2018-2-27 11:52:36     Source:www.3737580.com     Views:486

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After a successful first year as the only high-technology and knowledge-based Special Economic Zone in the America’s region, and a growing list of clients currently operating international businesses from the Zone, Cayman Enterprise City (CEC) is announcing a series of outreach campaigns to aggressively attract companies seeking to set up an offshore presence to expand and grow their businesses internationally.

 

CEC is targeting three key cities with concentrations of technology, media and commodities companies, which can all fit into the zone; Toronto, Canada, Silicon Valley, California and Austin, Texas. A CEC delegation will be in Toronto, April 15 – 19; in Silicon Valley, April 29 – May 3; and in Austin, May 6 – May 10, 2013.

54 companies are now doing business from the Cayman Enterprise City technology cluster and Kirkconnell says they are fast outgrowing designated office space so they will soon have to secure more. CEC plans to break ground on a permanent campus some time this year, but in the interim, Class A zone-designated gateway buildings are being used to accommodate clients.

 

The Cayman Islands government has granted Cayman Enterprise City unique and unprecedented concessions to arm them with the right incentives to compete globally in attracting big brands and entrepreneurial startups to Cayman. The benefits of the Zone include economic freedom in a tax-exempt environment, a 10-day streamlined setup, exemption from import duties, and the ability to have Intellectual Property held offshore.

 

Also part of the package is a cosmopolitan lifestyle on a Caribbean island paradise located only one hour from Miami and three and a half hours from New York City. Cayman is a safe, secure British Overseas Territory with good schools, world-class restaurants, a sound infrastructure and sophisticated service providers.In addition to the Internet, technology, media and commodities sectors, CEC is designed to also attract companies in biotechnology. The Zone’s master plan calls for a campus with 750,000 - 1,000,000 square feet of office space.

 

 

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