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Old September 24th, 2013, 05:40 AM   #1
Jaykar
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CAYMAN ISLANDS | SAVANNAH | Cayman Enterprise City | App

CAYMAN ENTERPRISE CITY
Savannah




Cayman Enterprise City
Cayman Enterprise City | Facebook

Cayman Islands first and only Special Economic Zone boasting over 1,000,000 sf. of class-A office space to be located in the district of Savannah in Grand Cayman.

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Old September 24th, 2013, 05:42 AM   #2
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Old September 24th, 2013, 05:45 AM   #3
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Cayman Enterprise City Special Economic Zone

November 2012 - Corporate & Commercial. Legal Developments by Solomon Harris.

The Special Economic Zones Law, 2011 (the "SEZ Law") was brought into force in the Cayman Islands on 21 November 2011.

The SEZ Law provides for the creation and operation of Special Economic Zones, such as the currently established Cayman Enterprise City which, when completed, will offer a unique cluster of business parks for specific knowledge based industries. The SEZ Law also provides for the establishment of a Special Economic Zone Authority whose statutory functions include, but are not limited to, the implementation of relevant policies and programs, the examination and processing of applications from prospective Special Economic Zone businesses, the maintenance of current data on the performance of businesses within the Special Economic Zones ("SEZ") and the enforcement of compliance with all related requirements and procedures.

Setting up process

Applicants wishing to conduct business within Cayman Enterprise City must first engage the services of a local law firm or other corporate services provider in order to set up a Cayman Islands Exempt Special Economic Zone Company ("SEZ Company") or to convert an existing exempt company into an SEZ Company. The incorporation process for an SEZ Company is similar to that of an exempt company. The SEZ Company will have a set of Memorandum & Articles of Association which are tailored to suit the needs of an SEZ Company. The firm or corporate services provider must obtain a letter from Cayman Enterprise City inviting the company into the SEZ and this letter is provided to the Registrar of Companies when the application for the incorporation of the company is made. Once the SEZ Company is incorporated, the staff at Cayman Enterprise City will prepare and submit an application to the SEZ Authority for a Zone Trade Certificate which, if granted, will enable the SEZ Company to be registered and begin conducting business within the zone.

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Old September 24th, 2013, 05:46 AM   #4
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One Year Later, Cayman Enterprise City On Course And Gaining Traction

Cayman Enterprise City (CEC) the Special Economic Zone in the Cayman Islands designed to attract companies from the knowledge-based sectors of Internet and technology, new media, commodities and derivatives and biotechnology, is marking its first anniversary. After a slow start in February 2012, the Zone gained traction and leaders say Cayman Enterprise City is primed for major growth and development this year, as more and more companies seek to expand their operations overseas from a tax-neutral jurisdiction.


New Cayman Enterprise City CEO Charlie Kirkconnell

Through the concessions it offers, the Zone strips away much of the red tape and excessive cost traditionally associated with setting up offshore.
George Town, Grand Cayman, Cayman Islands (PRWEB) March 28, 2013

Cayman Enterprise City (CEC) the Special Economic Zone in the Cayman Islands designed to attract companies from the knowledge-based sectors of Internet and technology, new media, commodities and derivatives and biotechnology, is marking its first anniversary. After a slow start in February 2012, the Zone gained traction and leaders say Cayman Enterprise City is primed for major growth and development this year, as more and more companies seek to expand their operations overseas from a tax-neutral jurisdiction.
“We had a slow start, but we feel like we had a very good year,” said Chief Executive Officer Charles Kirkconnell who is proud of the major strides made by CEC in its first year of operation. He says success can be measured in square feet. “We are outgrowing the buildings that have been designated for the Zone whilst the permanent campus is built, so we consider this a major step forward.”
Fifty-four companies have moved into Cayman Enterprise City or have signed up and are in the licensing process. Employees are now sharing workspace, networking and creating a growing technology hub. Another 152 companies, mostly from the U.S. and Canada, are currently in the sales pipeline and looking to make the move to Cayman

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Old September 24th, 2013, 05:48 AM   #5
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Cayman Enterprise City marks one year
TOPIC: Business Services
April 17, 2013


Above is an image of our Chairman and Chief Development Officer Cindy O’Hara, our Global Business Development Manager Sherry Robinson, Cheryl Womack, owner of a zone company and Hilary McKenzie-Cahill, VP of Marketing.
Local attorney and businessman Charlie Kirkconnell is now at the helm of Cayman Enterprise City the special economic zone that opened its doors a little more than a year ago.

The Chief Executive Officer, who learned a solid work ethic from his well-respected father, the late Capt. Charles Kirkconnell OBE, has a bold vision for CEC, saying he and his team are creating something that will positively impact the future of Caymanians and residents.

Question: Not many people in Cayman realize that CEC, the new special economic zone (SEZ), is actually a majority Caymanian owned and operated business. How do you feel about being part of this history-making economic zone?

Answer: I have heard a few people incorrectly refer to CEC as a ‘foreign developer’. To set the record straight, it’s important that people know that we are indeed genuinely majority Caymanian owned and led, and very proud of what we are creating. To my knowledge it’s rare for a project of this magnitude to be owned and led by Caymanians. We are excited to be pioneering a new pillar to Cayman’s economy and bringing interesting new knowledge and technology based industries to these islands. We acknowledge it is not an easy task and it won’t happen overnight, but we are 100% committed to ensuring the success of CEC and to doing so in a way that is beneficial to the Cayman Islands, after all, this is our home.

Question: Your marketing focus is entirely overseas but what is it you would like members of the community here in Cayman to know about CEC?

Answer: I would like the community to understand that the zone makes a lot of sense for Cayman–a successful CEC will make a big difference to the man on the street by diversifying and expanding the economy generally.

In addition to providing direct opportunities to Caymanian individuals and even Caymanian owned companies in knowledge and technology based industries, we see the indirect multiplier effect of an expanding population base and increased foreign direct investment through the zone having a significant impact on the local economy. CEC is currently working with over fifty local professional service providers and other vendors and suppliers. As the operator of the zone we need the services of local suppliers and we refer them to all the new zone companies and their employees. Of course those moving to Cayman need to buy or rent a home, to buy or lease a car and will eat out and spend in local shops.

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Old September 24th, 2013, 08:47 AM   #6
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Nice development, would be a great addition to the Caribbean's Office Buildings thread if built.
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