The Cayman Islands’Award-winning Special Economic Zone

Cayman Enterprise City

If you are a Canadian company within the mining, oil, gas or commodities sector, or a business in technology, media or film, then Cayman Enterprise City will be of interest to you. The Cayman Islands has recently set itself apart from other favourable tax jurisdictions such as Barbados with the development of Cayman Enterprise City (“CEC”) a knowledge-based award-winning Special Economic Zone. The zone enables Canadian businesses and other international companies to easily and cost-effectively establish a genuine physical presence with staff and offices on the ground, to generate an active business income in the Cayman Islands and demonstrate mind and management. Companies establishing in CEC can take advantage of Cayman’s jurisdictional benefits along with a series of exclusive zone concessions granted by the Cayman Islands Government. In light of the Tax Information Exchange Agreement (TIEA) between Canada and the Cayman Islands, the Cayman Islands is now considered a ‘designated treaty country’ for the purposes of Canada’s Income Tax Regulations.

Concessions and reasons to establish within CEC

• 100% exempt from corporate tax • 100% exempt from capital gains tax • 100% exempt from sales tax • 100% exempt from income tax • 100% exempt from import duties • Five year work/residence visas granted to staff within 5 days• No restriction on staff, regardless of origin or position• 3-4 week fast-track set-up of operations• Intellectual Property owned offshore • No government reporting requirements• Strategic base with easy access to the lucrative North and Latin American markets• On NYC/EST time zone*• Part of an innovative tech cluster with immense cross-marketing opportunities

Eligible Market Sectors

CEC can accept companies and divisions of companies that are involved in, facilitate or support these key sectors:

• Commodities & Derivatives • Biotechnology & Life Sciences• Internet & Technology • Education & Training• Media & Marketing

The Cayman Islands – The Ideal Business Jurisdiction

Cayman is the ideal business jurisdiction - sophisticated, stable and strategically located only 1 hour from Miami and 3 ½ hours from Toronto and New York. It is a safe, English speaking British Overseas Territory with a robust legal system based on English common law and has a very pro-business government. It is ranked the 6th largest global financial centre and the number one hedge fund jurisdiction in the world. The Cayman Islands is OECD whitelisted, meets the highest anti-money laundering compliance requirements and offers a pro-business regulatory environment (for further details please visit www.caymanfinance.gov.ky).

CEC’s clients have discovered that the Cayman Islands is very different from the rest of the Caribbean – it has a world-class infrastructure, excellent schools and medical facilities and every conceivable form of entertainment, sporting, dining and leisure facility, including an active hockey league. It offers a warm climate year round and a cosmopolitan lifestyle with over half of the residents being expatriates from around the globe. There is a vibrant community of expat Canadians and it’s simply a great place to live and work.

Why establish in CEC?

Companies are establishing in CEC as part of their global tax mitigation and expansion strategy as it provides them with the opportunity to cost-effectively establish a genuine physical presence offshore to enhance their competitiveness in the global marketplace and is located on North America’s doorstep.

Businesses can immediately re-locate key staff from any country to the Cayman Islands and this is of particular interest to those who may not be able to get visas for Canada or the US. CEC companies can obtain five year work/residency visas for personnel within 5 working days.

Intellectual Property can be held by a zone Company and licensed internationally from Cayman’s tax-neutral jurisdiction and many CEC companies avail themselves of the benefit of establishing their IP offshore early as part of their overall business strategy in order to maximize the value of this key asset for the whole of the company’s lifecycle and to avoid costly migration issues later.

Companies from around the globe, from start-ups to multi-national groups are seeing the benefits of setting up their international headquarters or a branch or division within CEC and utilizing the zone as a catalyst to increase global growth from a tax-neutral location.

Set Up Process

Setting up in the zone is a fast and efficient process; our dedicated regulator, the Special Economic Zone Authority (SEZA) expedites applications within five working days. We appreciate the importance of professional corporate relocation services and our Client Services team seamlessly guides companies and their staff through the licensing, immigration and relocation process.

Access to World-Class Legal Expertise, Tax Advice and Banks

We are committed to ensuring that our clients have access to premier services providers and can refer you to leading Cayman Islands law firms, accounting firms and banks. We can also refer you to leading tax advisory firms in Canada.

Turn-Key Solutions

CEC provides turn-key solutions which include:

• Your Trade Certificate (the license to do business within the zone and your entitlement to the concessions)• The Zone Employment Certificates (the five year work/residency visas) for your staff• Office and data centre facilities plus complete tailor-made services to meet the individual needs of your business. Whether you are a start-up wanting space in a cost-effective co-working environment, a small business requiring fully serviced private offices or a larger enterprise needing fully customized space to meet your specific needs, we have a solution for you.

To learn how CEC can help your business, please email info@CaymanEnterpriseCity.com, or call+1-345-945-3722 for more information.

Visit www.CEC-Canada.com