AND LOCAL BUSINESS
AND LOCAL BUSINESS
Priestleys’ team of highly experienced attorneys know that immigration law is a highly-charged area of law, and we understand the enormous impact immigration status can have on businesses and families in the Cayman Islands.
Priestleys attorneys regularly advise on clients’ unique situations, whether they are a resident, worker, business owner or family office advisor. Immigration law in Cayman is subject to frequent change and keeping up to date with all the requirements can be a full-time job, so clients trust Priestleys to advise and navigate through the Cayman Islands’ increasingly complex immigration requirements.
Priestleys knows the process of Trade and Business licensing can be time-consuming and understands that clients would rather spend their time running their business. The Priestleys team advises numerous business entities on the process of establishing companies and trading entities in the Cayman Islands.
Priestleys knows that Cayman’s regulatory environment is constantly changing and understands that clients don’t always have the time to keep abreast of these changes. Priestleys helps numerous regulated entities in the Cayman Islands to navigate their regulatory obligations. Trust companies, corporate service providers, banks, insurance companies and investment funds rely on Priestleys’ experienced team to advise them on everything from preparation for CIMA inspections to corporate governance policies and compliance procedures that satisfy Cayman Islands and international reporting standards and tax information exchange agreements.
Cayman Enterprise City (CEC) is a technology-focused Special Economic Zone located in the tax-neutral Cayman Islands. Priestleys and PA Corporate Services are preferred service providers of CEC and have a wealth of experience advising clients in connection with establishing their businesses in the only special economic zone in the Cayman Islands.
The Zone enables start-ups, mid-sized enterprises and global brands to easily and cost-effectively establish a genuine physical presence offshore in Cayman, complete with fully staffed and equipped offices. Priestley’s has in-depth knowledge of the Special Economic Zones Law (2011), works closely with CEC and can advise clients in this matter.
Benefits of establishing a business in the Zone include:
No corporate, income, sales or capital gains tax;
Renewable 5-year work visas granted in 5 working days;
Fast-track set up of operations within 3-4 weeks;
Intellectual Property protected offshore;
An appropriately regulated environment;
No Government reporting or filing requirements;
Part of tech community hub with massive cross-marketing opportunities;
Easy access to the lucrative North and Latin America markets;
Cutting-edge IT infrastructure
Priestleys knows that business owners don’t necessarily have the latest employment law at their fingertips and understands that it can be an area of significant concern. The Priestleys team advises employers on the full range of contentious and non-contentious employment matters as it relates to the Cayman Islands.
Our attorneys have experience in dealing with employment claims, workplace disputes, unfair dismissals, contract issues and more. Our team can also advise larger companies on how to implement firm-wide restructurings and their duties and obligations under Cayman Islands law.
Our team is also well-versed in advising businesses who are establishing operations in the Cayman Islands for the first time – and can provide comprehensive advice in terms of obtaining work permits, business and employment licenses.
Priestleys knows that debt recovery is an issue for all businesses at some point and understands that bringing in outside professional assistance can dramatically increase the chances of successful recovery for clients.
Priestleys’ Cayman Islands debt recovery attorneys deal with both disputed and non-disputed financial claims and are highly experienced in dealing with debt recovery matters for substantial businesses in the Cayman Islands.
Our team provide the full suite of debt recovery services from letters before action and statutory demands to court actions. We take a commercial approach and are always mindful of the need to balance costs and the likely recoveries.
There are many offshore law firms. They all know the law. Then there are the rare law firms who not only know the law, they understand people and their business needs. Priestleys knows the law. We also understand. We believe this is what sets us apart as a best-in-class Cayman legal and fiduciary services provider.