In September 2011, the Cayman government passed the Special Economic
Zones Law, in an effort to provide legal certainty in this area. Under
the law, the Special Economic Zone Authority was created and concessions
including customs duty relief, reductions on building planning costs,
and reduced permit fees for foreign workers may be offered to businesses
that move into this zone....
CONTEXT AND TRENDS
"We've seen a continued pickup in corporate and business activities," one partner says. M&A activities are on the rise, driven by active clients in natural resources and insurance sectors....