CEC looks for Latin American business

(CNS Business): A real estate service and consultation company based in Panama is to partner with Cayman Enterprise City (CEC) to help recruit businesses from Latin America to set up shop in the CEC’s special economic zone in the Cayman Islands. However, Latin American Corporate Property Services Inc. (LACPS) expects recruitment to be a challenge because in the current economic climate, it says, businesses are reluctant to leave their comfort zones. CEC boasts such benefits for businesses trading within its zone as economic freedom in a virtually tax-free environment, a 10-day streamlined setup, exemption from import duties and guaranteed protection of intellectual property, and claims they may be able to reduce operational costs by as much as 50%. Read more on CNS Business