Mediaboss Marketing

Grand Cayman, Cayman Islands (PRWEB) May 16, 2012

These are the early days for Cayman Enterprise City, the Caribbeans only technology-based Special Economic Zone, and Jason Blick CECs young and dynamic Chief Executive Officer is brimming with optimism and excited about what he and his team are developing in the Cayman Islands. We are doing tremendously well, he said. There are 5 companies now established within the Zone, 17 are in the process of being set up and another 80 plus are in the pipeline at various stages of negotiation so I couldnt be happier.

It is the realization of a bold concept that Blick, a finance law attorney and expert on Special Economic Zones, envisioned while working with successful SEZs in the Middle East The Cayman Islands is a tax-neutral jurisdiction offering easy access to lucrative and emerging markets in North and Latin America. Using the experience, knowledge and insight gained from a decade in Dubai, Jason Blick set off in 2008 on a four-year search of the Caribbean region. The journey ended in the Cayman Islands. Cayman stood out, he said. It has a forward-thinking government, a very dynamic community, and a wealth of support services we never had in Dubai.

The Special Economic Zone, enabled by Cayman Islands legislation passed last year, opened for business in this January, a year after Blick and his team signed a Memorandum of Understanding with the government. The project was fast-tracked with support from the government, the Civil Service and the private sector. CECs master campus which breaks ground this summer, will include an Internet& Technology Park, a Biotech Park, a Media Park, a Global Commodities Park, an International Academic Park and an Outsource Park. Companies licensed to operate in the zone are globally focused and not allowed to trade in Caymans domestic economy.

I was very grateful for the foresight and vision of the Premier, the Honorable McKeeva Bush, said Jason. Mr. Bush came to Dubai with us and saw for himself the success of the zones in the Middle East.

Blick moved to the Middle East from England fresh out of law school because he says it was the place to be in the 1990s. Dubai was a new frontier where the free zones were merging technology and media it was exhilarating! he says. He advised operators, partners, financiers and end-users of Special Economic Zones. He watched Dubai Internet City develop from a sandy wasteland into a thriving economic hub in ten short years, and he also witnessed the positive impact that these economic powerhouses had on local economies. Jason Blick is confident that CEC will create new jobs, new industries, new businesses and new careers in Cayman and boost and diversity its economy.

His experience and ties to the Middle East have led to a strategic partnership with Dubai Multiple Commodities Centre, strengthening trade relations between the United Arab Emirates and the Cayman Islands. In a highly competitive global financial market, relationships like this benefit investors, so companies established in both zones can quickly access new markets.

Cayman Enterprise City is the first special economic zone to house commodities teams and this is the only SEZ in the world that has a partnership with Dubai, he said. This is a reflection of their belief in our model and we are very excited about it.

Jason Blick is also confident that many of the Fortune 500 companies will establish a presence in Cayman Enterprise City. They are always watching for the next opportunity, and now because of the internet companies can conduct global sales from anywhere in the world, he says.

Why Cayman Enterprise City? Zero Taxes, responds the CEO emphatically when the question is posed. From US$12,492 a year you can quickly have your company established and operating in a tax-neutral environment. You dont have any import duties, there is no sales tax, no income taxes, no corporate taxes, no capital gains and you can have 100% ownership of your company, and it will be tax exempt for 50 years.

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Cayman Enterprise City - A Bold Vision, An Exciting Reality