Local Business
Commerce ministry signs deal to support small businesses
(CNS Business): Government is aiming to produce an action plan within the next eight months to help make small and micro businesses in Cayman more viable. Following the signing of an MOU with Cayman Islands Small Business Association and the local Chamber of Commerce, Wayne Panton, the minister with responsibility, explained that the goal was […]
Intellectual Property office to help promote new regime
(CNS Business): As the new legal regime around trademarks, copyright, design rights and patents emerges in the Cayman Islands, government has created a new office to serve as a resource for individuals seeking information on how to protect their original works. The Cayman Islands Intellectual Property Office was created to provide information to the local […]
DCI to send T&B licences via email
(CNS): The Department of Commerce and Investment (DCI) said that is has begun issuing business licences electronically to improve the licensing process. Against the backdrop of growing complaints that the new regime, which has more checks and balances in the system, has become extremely bureaucratic, officials said this week that there were more improvements in the pipeline. Commerce […]
Flow boss aims to settle regulator issues
(CNS Business): Following recent reports of disputes between Flow and both the Information and Communications Technology Authority (ICTA) and Department of Immigration, the firm’s president, Michele English, was in the Cayman Islands this week meeting with government officials to resolve the issues relating to human resources, technical concerns and the acquisition of the parent company, […]
Cops meet with businesses to address security concerns
(CNS Business): Police Superintendent Robert Graham, who is heading up the RCIPS’ plan to put community policing back at the heart of the service, met with a number of local business leaders last week to get to grips with needs and concerns in the commercial sector and begin to build partnerships. Graham, who was recently recruited […]
Telecoms giant blocks Cayman regulator from offices
(CNS Business): An attempt by the Information and Communications Technology Authority (ICTA) to enter the main Cayman office of Cable and Wireless this week was met with a refusal, officials from the regulator have confirmed. Over the last few months the firm, which now trades under the brand name Flow, has been under the watchful […]
Street vendors get short reprieve ahead of fines
(CNS Business): Local tradespeople who have been selling souvenirs, coconuts or fruit, or renting beach chairs or snorkel kits without a trade and business licence on the streets of George Town, along Seven Mile Beach and at the West Bay dock have been given one more month to comply with the law before government starts […]
Cayman passes new copyright law
(CNS Business): New copyright legislation comes into effect in Cayman Thursday that will provide greater legal rights to Cayman’s musicians, visual artists and others in the creative fields, and is the first step in modernising intellectual property (IP) legislation. Commerce Minister Wayne Panton said government had plans to present more bills in September to update […]
Concerns ignored, golf course gets green light
(CNS Business): The Central Planning Authority has given the green light to the proposed development of a golf course in the Frank Sound area despite a catalogue of environmental concerns. The proposal to build an Arnold Palmer golf course was submitted to the CPA in complete isolation and not as part of the major resort […]
Pure tobacco cigarettes, made in Cayman
(CNS Business): A young Caymanian entrepreneur has begun manufacturing and selling cigarettes locally using pure tobacco imported from Kentucky with no additives. Cordell Gutierrez (23), who grew up on Cayman Brac, began selling his cigarette packages in December last year under the brand name Blacktip. The cigarettes are produced in a small factory in Prospect, […]
New propane company includes minister among investors
(CNS Business): A new firm promoting the concept of propane gas as a clean source of energy includes the environment minister among its investors. Clean Gas, a new propane distribution company to be headquartered in the Industrial Park and due to be open before the end of this year, said it would provide another source […]
Booze traders urged to make early applications
(CNS Business): The Department of Commerce and Investment is advising liquor licence holders to start their licensing application process as early as possible in order to avoid delays under the new legislative regime. Booze traders and those with music and dancing licences are encouraged to apply for their renewals well before the Friday 19 August […]
Court calls stamp duty findings into question
(CNS): Cayman’s finance ministry may need to review how it assesses stamp duty on property sales following a court ruling that where property is exchanged in an arm’s-length properly marketed transaction at a reasonable market rate, the government had no business re-assessing its value for stamp duty purposes. The recent decision of the Grand Court […]
Banks under pressure to shift to electronic clearance
(CNS Business): The government is engaged in talks with local banks to introduce electronic transfers and clearing systems in the first quarter of next year, Financial Services Minister Wayne Panton has stated. He told legislators last week that the six local clearing banks have entered into an MOU with a Barbados-based firm to create a […]
Maedac pulls out of retail fuel trade
(CNS Business): After more than thirty years selling fuel to Cayman drivers, Maedac has pulled out of the gas retail business and will be focusing on its wholesale business and other new business-to-business projects. Maedac Rubis gas station on Crewe Road closed down last week because, Operations Manager Morgan DaCosta explained, it was time for […]
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