Priestleys and PA Corporate Services Limited are preferred service providers of CEC and have a wealth of experience advising clients in connection with establishing their businesses in the only special economic zone in the tax-neutral Cayman Islands.

The Zone enables start-ups, mid-sized enterprises and global brands to easily and cost-effectively establish a genuine physical presence offshore in Cayman, complete with fully staffed and equipped offices in one of the Zone’s 5 business parks:

• Cayman Internet Park · Cayman Media Park
• Cayman Commodities & Derivatives Park
• Cayman Science & Technology Park
• Cayman Maritime Services Park

The Cayman Islands have a pro-business Government and the jurisdiction meets the highest anti-money laundering and compliance standards. There is a first-world business and IT infrastructure and companies establishing in the Zone can benefit from a set of globally competitive concessions granted by the Cayman Islands Government. Priestley’s has in-depth knowledge of the Special Economic Zones Law (2011), works closely with CEC and can advise clients seeking to establish their business within the Zone.

Benefits of Zone include:

• No corporate, income, sales or capital gains tax
• Renewable 5-year work visas granted in 5 working days
• Fast-track set up of operations within 3-4 weeks
• Intellectual Property protected offshore
• An appropriately regulated environment
• No Government reporting or filing requirements
• Part of tech community hub with massive cross-marketing opportunities
• Easy access to the lucrative North and Latin America markets
• Cutting-edge IT infrastructure