What is in it for the Cayman Islands?
The lack of a requirement for bricks and mortar means that the entrepreneur or the established business looking to set up an e-commerce operation has complete freedom to choose their geographical base. The old economy rules about proximity to customers, suppliers, natural resources and the like, no longer need apply. There is total flexibility. Other factors come into play: regulatory and legal regime, taxation, IT infrastructure, protection of intellectual property rights, professional service providers and of course political stability. A sophisticated offshore11 financial centre such as the Cayman Islands is attracting significant interest from those wishing to join the e-commerce revolution. The Cayman Islands have a lot to offer the would-be e-commerce business. As a British Overseas Territory, the legal framework based on English common law as supplemented by Cayman Islands specific legislation, is well respected and robust. The judiciary and judicial system are also highly regar
