Expert: Robert Clark - 4/5/2006

Question
How do I go about moving to the grand caymans and starting a business like a bar? I am a canadian. What documents do I need and what other islands are easier to move to?  

Answer
Gord
Really can't answer for other places in the Caribbean - just the Cayman Islands. It may be worth checking out jobinthesun.com: http://hop.clickbank.net/?gotocayman.jobinthesu


A Caymanian has to be the majority shareholder in any business.
There is some information on this on teh Government website at http://www.gov.ky/portal/page?_pageid=1142,1592736&_dad=portal&_schema=PORTAL

Also check out:

http://www.mgiworld.com/doingbusiness/DoingBusinCayman.pdf - but note this document hasn't been updated to reflect the change in the immigration laws

http://www.walkers.com.ky/pubdocs/Global_Counsel_MPL_%20Dorothy.pdf

http://investcayman.ky/

If you do proceed, I think that it would also be worth contacting a local law firm to help with establishing the business and guiding you through all the local legislation.

It is also probably worth contacting the department of Tourism office in Canada for advice:
Department of Tourism
234 Eglinton Avenue East,
Suite 306
Toronto, ON, Canada
M4P 1K5
Toll Free: 800 263 5805
Tel: 416 485 1550
Fax: 416 485 7578

Hope this helps!

Robert
http://www.gotocayman.com