Among the many benefits of Cayman Enterprise City are the opportunities presented by ongoing and strategic IP development within the zone
Grand Cayman, Cayman Islands and Massachusetts (PRWEB) December 03, 2014
Cayman Enterprise City (CEC), The Cayman Islands’ award-winning Special Economic Zone established for knowledge based industries, and Intellectual Resources Corp. (IRC), a leading provider of strategic intellectual property (IP) advisory services, today announced a strategic partnership where Intellectual Resources Corp. will provide zone companies with access to enhanced capabilities for building, managing, and leveraging their IP portfolios.
Over 135 technology and knowledge-based companies from across the globe have set up offices in the CEC zone to manage their international (non US) operations from a tax-neutral base in the Cayman Islands. US companies that are actively doing business outside the US and those wishing to expand globally are enjoying the benefits of zero taxation along with a series of globally competitive concessions granted by the Cayman Islands Government.
“Among the many benefits of Cayman Enterprise City are the opportunities presented by ongoing and strategic IP development within the zone,” said Ben Taylor, Partner at IRC. “Companies who make intentional investments in their IP will be well positioned to take advantage of a variety of business directed and event-based scenarios to generate value from their portfolios. We look forward to bringing our resources, processes, and strategy and expertise together with CEC’s unique infrastructure to help companies fully realize value from active IP management.”
The collaboration between CEC and IRC is expected to start in December 2014. In addition to providing access to services for current zone members, CEC and IRC will work together on ongoing business development activities to identify prospective companies who may benefit from operating within the zone. IRC will work also work with the zone companies’ local Cayman Counsel, collaboratively to help clients achieve their IP goals.
“Strategic IP development requires consistent orchestration and complimentary efforts between a firm's business and legal advisors. We are excited to have the opportunity to work with local Cayman counsel to provide zone companies with a fully integrated IP solution,” commented Taylor.
“We see intellectual property development and monetisation as a key advantage for companies who establish a presence in CEC. We are excited to have IRC as a partner to provide strategic IP services to zone members who want to build, enhance, and realise value from their intellectual assets,” said Charlie Kirkconnell, CEO of CEC. “Expected beneficial changes to patent laws in the Cayman Islands, along with access to world class legal and tax advisors, makes CEC an ideal place for owning IP.”
To learn more about Cayman Enterprise City and the benefits of establishing within the zone, visit http://www.caymanenterprisecity.com. For information about Intellectual Resources and its strategic IP advisory services for companies, technology parks, and investors visit http://www.intellectualr.com.
About Intellectual Resources
Intellectual Resources Corp. (IRC) is a strategic IP advisory firm that provides expertise to help businesses efficiently build and leverage their technical intellectual property (IP) portfolios. The firm works with a diverse set of international clients, from start-ups to FTSE 100, in industries such as technology, software, financial services, consumer goods, energy, food & beverage, and biotech. IRC advises on the full lifecycle of activities, from insights to strategies, to help businesses realise value from their intellectual property investments.
About Cayman Enterprise City
Cayman Enterprise City is a Special Economic Zone in the Cayman Islands focused on knowledge-based industries, technology companies and specialized services businesses. With a dedicated Government Authority and guaranteed fast-track processes, International companies can quickly and efficiently establish a genuine physical presence in Cayman. Businesses can take advantage of Cayman’s jurisdictional benefits which include zero corporate tax, zero income tax and zero capital gains tax, along with a raft of special zone concessions and incentives. These concessions were designed to attract international companies from five specific high-tech sectors; internet and technology, media and new-media ventures, biotechnology, commodities and derivatives, and academia.
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