The wealth disparity gap globally has expanded wider for the lower to upper middle classes more in the last five years then it has in the past decade. This is not just important in the United States or the European Union, it is also important to recognize that capital formation is a global process.
The number of zones worldwide has grown into the thousands over the last few decades. Their features change with the times. Still, after more than a half century of experience with special economic zones, their efficacy is disputed and inherently hard to assess.
Establishing an international business in the Cayman Islands has many benefits. Setting it up in Cayman Enterprise City goes even further by removing the few potential drawbacks of red tape, immigration issues and government fees.
Viewed from a distance, Earth is teeming with trouble. Trust in government is heading toward an abyss, as people worldwide respond with disgust to increasingly visible corruption and favour-giving.
Starting over a decade ago, I began to share with a few leaders in the United States and Central America my concept of LEAP zones as an accelerated path to development, an outgrowth of my work doing economic reforms.
One of the oldest organisations in these islands is the Cayman Islands
Shipping Registry (CISR), established in the port of George Town in
1903. Through an aggressive programme of expansion, coupled with an
international pool of skilled professionals who are backed by a
state-of-the-art 24/7 technology platform, the Cayman Registry has
grown to become the world’s ...
Emerging as one of the leaders in the global financial offshore industry was no accident for the Cayman Islands. In fact, such good fortune was crafted from a very strategic union between private sector innovators and public sector movers and shakers at a time when all the Cayman Islands needed was an opportunity to grow.
The Cayman Islands’ approach to the development of the financial services sector recognises that an appropriate regulatory and international cooperation environment is not an impediment to, but rather a key driver of, commercial success. Unfortunately, the focus of the global economic crisis has resulted in various initiatives driven by larger, more politically powerful countries, including legislative proposals before the US Congress targeting the use of offshore financial centres by US firms...