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UK Carl Brenton, Head of Fund Services for Intertrust Cayman, recently sat down with Rachelle Peterson and Charlie Kirkconnell, the Global Business Development Manager and CEO respectively, of Cayman Enterprise City, to talk about the large influx in blockchain related companies they are seeing entering Cayman’s Special Economic Zone.
Carl Brenton: Thanks to both of you for taking the time to talk about Cayman Enterprise City’s Special Economic Zone (SEZ) and how you are facilitating the influx of blockchain focused companies looking to set up a presence in Cayman. For those that aren’t familiar with Cayman Enterprise City and its SEZ can you please give us a quick description of the goals of the zone and how you help companies set up quickly and efficiently in the Cayman Islands?
Charlie Kirkconnell: Cayman Enterprise City’s goal is for each of its individual projects (each a ‘City’) to become globally significant hubs of economic activity. There are currently three different development projects within the SEZ, being Cayman Tech City, Cayman Commodities & Derivatives City and Cayman Maritime & Aviation City. The relevant City for blockchain focused companies is of course Cayman Tech City.
Rachelle Peterson: Cayman Tech City provides a time-efficient and cost-effective regime for all aspects of setting up a physical presence for a company once it has been incorporated by a local corporate services provider such as Intertrust. Our bespoke service provides companies with access to a streamlined business licensing process, inclusive of licences that allow companies to operate from within the SEZ (called Zone Trade Certificates), employee work visas (called Zone Employment Certificates), and physical office space.