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Cayman Islands/opening up restaurant

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Expert: - 1/10/2011


Question
Dear Gump,

I am Thai living in Thailand at the moment. I like Cayman islands.
I would like to open up a thai cafe there. I don t know anyone there.I prefer to do it and invest by myself. Could you please give the some advice?

Answer
Hi Jarinee - thanks for your question.  There are numerous laws and regulations about opening a business in Cayman.  The major issue is that it must be 40% owned by a Caymanian so you'll have to have partners.  In addition, there are significant fees associated with opening a business.  I would recommend contacting the Caymanian government to get the latest information and rules and regulations.  I wish you the best!

John  

Cayman Islands

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John Gump

Expertise

I have spent months in Grand Cayman during 15 separate trips there and have come to know and love the people of this great Island. I used to be an owner of a condominium on Seven Mile Beach. I can answer questions about Grand Cayman including: - traveling to/from the island - hotels, restaurants, food in general - dive shops, dive sites, equipment purchase and repair - recreation including sight-seeing, tours, tour operators, beaches - cruises to Grand Cayman - Rum Point, Cayman Kai, Georgetown, East End, West Bay I cannot address questions related to Cayman Brac or Little Cayman

Experience

Throughout 15 visits to this island, I've accumulated months of time living there in a condo I used to own right on Seven Mile Beach.

Education/Credentials
B.S. Case Western Reserve University

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