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Topic: Special Economic Zone

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First transportation company sets up in special economic zone

CHC Helicopter, a global offshore transport company, is the first company in Cayman Maritime & Aviation City, the special economic zone for transportation companies.

Business in Brief: Fabrilink SEZC offers international training opportunity for Caymanians

Special economic zone company Fabrilink SEZC, a wholly owned subsidiary of global manufacturing company Fabrinet, has announced plans to establish an engineering design center...

Sales increase reflects island-wide growth for 2016

As we transition into the new year, I am excited at the prospects for Cayman’s real estate industry for the coming 12 months, because we will be building on an already strong product that just looks to strengthen even further in 2016.

Economic impact of Cayman Enterprise City continues to grow

Cayman’s special economic zone, Cayman Enterprise City, reported that companies operating in the zone and their staff had a $23.6 million impact on the local economy this year.

South Sound home for Enterprise City

The recent approval of the master zoning plan for Cayman Enterprise City's campus is positive news.

Enterprise City campus gets zoning approval

Zoning approval has been granted for Cayman Enterprise City’s proposed campus on a 70-acre site in South Sound.

EY Report update: Few job cuts, less outsourcing in gov’t plan

Although proposals will initially lead to few job losses and no outsourcing of functions to the private sector, the Cayman Islands government announced Monday that it would seek to move forward with a total of 51 recommendations derived from a 2014 consultant report.

Business in brief

Free small business workshops; Ogier awards annual scholarship in Cayman Islands; Cayman Insurance Centre’s life agents receive top honors; Cayman Enterprise City receives Investment Environment Award;

Bush backs Afghan Special Economic Zones

Cayman Islands Opposition Leader McKeeva Bush recently promoted the transition of military bases in Afghanistan to Special Economic Zones.

Business in brief

Red Cross raises $56,000 with golf tournament; Campbells announces scholarship recipients; Pan-American Life celebrates launch; Samson & McGrath’s Trevor Burke admitted to Cayman Bar; Extended hours for business licensing; Fidelity Bank Bahamas appoints new chairman.

Business in brief

A roundup of local business briefs.

Jamaican workers increase by 12%

Jamaican work permit holder numbers increase again in Cayman.

Work permits rise 9 percent in year

Cayman's work permit numbers appear to be steadily increasing.

Business in brief

Roundup of local business briefs.

Business interests tie Webb, Takkas to Cayman company

Jeffrey Webb and his attaché Costas Takkas served as directors for a Florida based penny stock company that maintains a subsidiary, run by Takkas, at Cayman Enterprise City.

Premier: We fixed UDP 'mess'

Cayman's premier spends most of his budget response speech blasting the territory's opposition leader.

Agreement allows for new special economic zones

Government has renegotiated its definitive agreement with Cayman Enterprise City, paving the way for new technology-based activities.

Bush: Caymanians must decide future

Cayman's opposition leader says, if the territory wants future prosperity, it has some choices to make.

Maritime services zone for Cayman

Government has approved a designated special economic zone for maritime services companies.

Business in brief

A roundup of local business briefs.

Work permits increase 8 percent

Cayman sees a steady rise in work permit numbers over the past year.

First special economic zone company listed on LSE

United Cacao Limited SEZC is the first business in Cayman’s special economic zone to be listed on the London Stock Exchange.

Cayman Enterprise City announces site for permanent campus

Cayman Enterprise City announces the acquisition of a 50-acre site near central George Town where the special economic zone’s permanent 850,000-square-foot campus will be built.

New company plans to bring tech startups to Cayman Islands

A new company that provides seed capital and mentoring programs to tech ventures could potentially bring dozens of start-up companies to Cayman.

Business in brief

A roundup of local business briefs.

Businesswoman contests release of Cayman bank records

A U.S. businesswoman accused of using Cayman Islands bank accounts to dodge more than $7 million in taxes challenges the use of information obtained by the U.S. Internal Revenue Service.

Global tech giants coming to Cayman for conference

Some of the top technology companies in the world will visit the Cayman Islands in 2015 for an Internet Marketing Association conference hosted by Cayman Enterprise City.

New immigration appeals panel chosen

New members join Cayman's primary immigration appeals board.

Business in brief

A round-up of local business news.

Abolition of multiple gov’t agencies proposed

A consultant's report recommends the merger or elimination of about a dozen government agencies.

Enterprise City, college promote tech education

CEC has partnered with the University College of the Cayman Islands to promote science, technology, engineering and mathematics (STEM) education.

Cayman Enterprise City expands zone to BritCay House

Cayman Enterprise City has leased more than 12,000 square feet of vacant office space in BritCay House on Eastern Avenue.

Caribbean export agency aims to boost regional trade

Company representatives from the CARIFORUM region, and French and British overseas territories and dependencies met with members from the Cayman business community last week in an attempt to reinvigorate regional trade.

Executive homes under US$1 million

In the Cayman Islands, comfortable homes for executives and their family under US$1 million are in short supply.

Business in brief

A roundup of this week's business stories May 21, 2014.

Small businesses say zone brings new customers

Some small businesses say they are already benefiting from the new client base of over 100 companies.

A friendly invitation to Google

Consider this our invitation to Google to come take a look at what Cayman can do for you.

Work permit numbers stabilizing

A sharp decline in work permits from the start of this year appears to have leveled off.

Business in brief

No Summary

'Half the time. 
Half the cost. Double the quality.'

If Cayman were to adopt the mindset of U.S. healthcare CEO Robert Pearl, it would be perfectly placed to become the world's laboratory for innovation.

Business in brief

A roundup of the week's business briefs.

Government incentives aim 
to attract shipping industry

Government is preparing a set of incentives to entice shipping industry companies to set up a physical presence in the Cayman Islands.

Business fee reductions planned

Cayman's small businesses may get a break in the next government budget, but civil servants won't.

100th zone company joins Cayman Enterprise City

Knowledge-based special economic zone Cayman Enterprise City has hit a milestone by signing up its 100th company to enter the zone.

Work permits decline

Cayman sees an unusual drop in work permits in the midst of tourism high season.

Enterprise City reaches out to London’s tech industry

Special economic zone Cayman Enterprise City hosted a dinner in London in December for British technology and media companies looking to attract new business by expanding into the North and Latin America markets.

Court bans US businesswoman from Cayman trip

An American businesswoman charged with tax fraud has been told she cannot travel to the Cayman Islands to discuss a potential “waste to energy” business deal with politicians in the territory.

Cayman Enterprise City wins Caribbean investor award

Special economic zone provider Cayman Enterprise City has won the Caribbean Export Development Agency and the Caribbean Association of Investment Promotion Agencies’ Regional Investors of the Year Contest in the Special Award category.

Cayman Enterprise City launches jobs portal

Cayman’s special economic zone announced the launch of its new jobs portal www.ZoneJobs.ky

CEC’s economic impact $12M

Cayman’s knowledge based special economic zone, estimates it had an impact of $12.6 million on the economy since its inception in February 2012.

Government pushes for companies to hire locals

Premier Alden McLaughlin promised a "two-pronged approach" to resolve the territory's problems with local unemployment Thursday in his first address to the Chamber of Commerce legislative luncheon.

Editorial for September 24: Economic change – for the better

Change is often regarded as negative, forcing us to operate beyond our comfort zones. Adaptation to change requires energy that at times seems to be better spent on maintaining the status quo.

Cayman Enterprise City leases Flagship building

With 85 companies signed up to enter the zone, up from 29 at the beginning of the year, Cayman Enterprise City is outgrowing its existing office space across four buildings.

Work permits back on rise

Work permits in Cayman rise slightly, bolstered by term limit exemptions and special economic zone employees.

Cayman’s economic potential recognized by magazine ranking

The Cayman Islands placed first in the category of economic potential, and fourth in the category of overall country, in fDi Magazine’s Caribbean and Latin American Countries of the Future rankings.

Students wrap up 
Enterprise City internships

Two local students recently concluded internships at Cayman's special economic zone.

‘Coolest’ internship contest launched by economic zone

The Cayman Islands’ Special Economic Zone, Cayman Enterprise City, encourages young Caymanians to use technology and get creative launched in its ‘coolest internship in Cayman’ contest.

Third ‘temporary’ budget in five years

The 22 May election will require that another temporary budget be approved by the new government.

‘Delays’ blamed for decrease in gov’t revenue

Government anticipates a budget surplus in June, but it won't have quite as much cash as it first thought.

Key employee bids drop sharply

Key employee applications have dropped off quite a bit, but term limit exemptions for foreign workers continue to increase.

Moody’s affirms Cayman’s sovereign credit rating status

Rating agency Moody’s has affirmed its AA3 sovereign rating for the Cayman Islands.

Top stories of 2012: Dart, CEC make slow progress

Two of the big developments expected to stimulate Cayman’s sluggish economy in 2012 made progress, but not as much as hoped.

Kirkconnell gets top CEC position

Cayman Enterprise City announced a shuffling of its top posts last week, with Caymanian Charlie Kirkconnell taking over as the company’s Chief Executive Officer.

January Pedro Castle drowning

The main stories from Janaury 2012

Part of Maples IT back in Cayman

Some of the Maples and Calder law firm’s information technology positions that left the Cayman Islands starting in late 2009 for Leeds, England and Montreal, Canada, have returned, taking space in Cayman Enterprise City.

Enterprise City in strategic partnership with Caledonian

Cayman Enterprise City, the technology-based Special Economic Zone, announced a strategic marketing partnership with Caledonian Global Financial Services.

Cayman Enterprise City gains traction

Cayman Enterprise City is “slowly gaining traction” despite being about four months behind schedule, according to CEO Jason Blick. Speaking at a luncheon hosted by the Cayman Islands Society of Professional Accountants, Mr Blick said the company has an active tenant base of nine to ten companies, while 17 companies are going through the licensing process. In addition CEC is working with another 20 companies.

Business in brief

Business in brief

Cayman market update for March

Just like the weather here in Cayman, things are heating up on the property front with real activity and a genuine feel to this activity reminiscent of six or so years ago, which is keeping real estate professionals busy. We at RE/MAX are anticipating an extremely busy month ahead.

Enterprise City ‘open for business’

A fully operational Cayman Enterprise City officially launched on Friday 3 February with at an event at the Royal Palms.

Economic zone work permits: $1,230

Lower-than-average work permit fees will be charged to Cayman Enterprise City employees, according to immigration regulations.

First SEZ companies to move into HSBC Building in February

The first handful of special economic zone companies will come to Grand Cayman this month, Cayman Enterprise City officials said.

This week