Exciting Developments Continue for Cayman Enterprise City
Plans for the world-class technology park Cayman Enterprise City continue apace, reports experts in land investments Crown World (http://www.crownworld.com/). The developers behind Cayman Enterprise City are in talks with 20 ‘Fortune 50’ companies about their future involvement with the project, and there are further talks with ‘Virgin Produced’, the production arm of Richard Branson’s Virgin group.
Cayman Enterprise City (CEC) has been dubbed a ‘Special Economic Zone’ due to its impressive list of enterprise incentives, including zero income tax, corporation tax and capital gains tax, 100% repatriation of profits and no restrictions on foreign ownership or currencies. The efficient registration and licensing has already started to attract some big global players according to the CEO of the project, Jason Blick. In reports published in this week’s CayCompass.com, Blick revealed that zone officials were currently in talks with 20 ‘Fortune 50’ companies, those companies identified by Fortune magazine as among the wealthiest in the world.
There has also been exciting news of talks in progress between Jason Blick’s team and Richard Branson’s ‘Virgin Produced’ production operation. Speaking to Cayman News Service, Blick explained that they had conducted “preliminary meetings” with the creative director of Virgin Produced, Justin Berfield, and CEO Jason Felts towards the end of September. “We presented CEC as a whole with a particular focus on Cayman Media Park,” Blick told CNS. “The conclusion of the meeting was CEC addresses many of the requirements of the international production and licensing community. We have agreed to issue a proposal to Virgin Produced later this month.”
Those interested in land investments in the Cayman Islands have been watching the plans for this project unfold with interest as it is thought that the CEC will generate up to 10,000 jobs and approximately $500m in revenue. Given that the ambitious project could contribute as much as 15% of the Cayman Islands’ GDP as a whole, the realisation of Cayman Enterprise City is sure to add value to freehold land on the Islands.
If you would like to buy land in the Cayman Islands, visit the Crown World website at http://www.crownworld.com/ for further details.
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