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Komfie Manalo, Opalesque Asia: The creation of Cayman Enterprise City is what separates the Cayman Islands away from the "competition," stated Peter Huber, the Global Head of Fiduciary Services at Maples Fund Services and a member of the Executive Management team during the Opalesque Cayman Roundtable.
He explained that the Enterprise City allows a number of investment managers and ancillary service providers, primarily in the technology space, are able to utilize to fast-track incorporations, work permits and the like, and also gives them the opportunity to operate and maintain a physical presence in the Cayman Islands with a very simple and cost-effective structure and framework.
"This is just one example of many of how we have been able to differentiate ourselves as a jurisdiction in a competitive global marketplace," Huber added.
According to Huber, business in Cayman is mostly fueled by the entrepreneurial spirit in the U.S. and elsewhere. As the fund management industry in the U.S. and across the globe builds, so does the business in the Cayman Islands as most of these funds set up business on the island.
He continued, "There are a number of reasons why that is and many of them have been mentioned, such as Cayman’s strong legal framework and our stable economy. We have been generally correct with our cost structure to ser...................... To view our full article Click here
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