Why The Cayman Islands Trumps Panama For Setting Up Your Business Venture - Government, Public Sector - Worldwide - Mondaq News Alerts

Choosing the right jurisdiction for your innovative business can be a difficult decision. With plenty of prime locations and various complex regulatory and tax requirements to sift through, the decision can feel overwhelming. In this article, we'll compare two attractive destinations: the Cayman Islands and Panama.

The Cayman Islands' free zones make for an excellent choice, as recently recognized by fDi Magazine's Global Free Zones of the Year awards. Winning five awards and placing 5th globally overall, Cayman's free zones offered by Cayman Enterprise City are and enticing option. But it takes more than awards to win your investment or business interest, and Cayman isn't the only choice. Let's take a close look at the differences between Cayman and Panama, what makes the Cayman Islands the best place for your business, and why it is considered a better option compared to other tax-friendly locations like Panama.

Cayman is rooted in UK law but has US opportunities

Established in 2012, Cayman Enterprise City (CEC) and its free economic zones attract more and more innovative and knowledge-based businesses thanks to the ease of setup for their offshore operations. CEC enables businesses to easily establish a genuine physical presence in one of the most stable and transparent offshore jurisdictions in the world. As a British Overseas Territory, it's a stable country both politically and economically, thanks to a legal system rooted in English Common Law. Being merely an hour...



Read Full Story: https://www.mondaq.com/caymanislands/inward-foreign-investment/1109140/why-the-cayman-islands-trumps-panama-for-setting-up-your-business-venture

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.



Tags: