26 November 2013 " (George Town, Grand
Cayman) Following close on the heels of the recent HSBC Expat
Explorer, The Banker rankings, and Knight Frank surveys that all
put Cayman in the lead over its competitors, a recently published
survey by the Foreign Direct Investment magazine, fDi
Intelligence, rates Cayman among the best places in the region
In the magazine, which is produced by the Financial
Times, Cayman was awarded fourth place overall when it came to
the best Caribbean and Central American Country of the Future for
2013/14, beaten only by Costa Rica, which gained first place,
Panama (second), and the Dominican Republic (third). Cayman came
first in the category of best economic potential out of 29
In addition, Cayman ranked sixth for best labour environment,
ninth when it came to which jurisdiction was the most business
friendly and tenth for having the best FDI Strategy.
Cayman Finance CEO Gonzalo Jalles said Cayman was clearly now an
obvious leader among competitor offshore jurisdictions.
"The increased frequency with which the Cayman Islands is
now appearing at the top of international surveys indicates it has
finally gained the global recognition it so richly deserves,"
he said. "Cayman's proficiency in meeting and often
exceeding global standards of professionalism, its welcoming
business infrastructure, and its friendly and hospitable working
environment have all contributed to the phenomenal success of the
jurisdiction. We are very pleased that fDi Intelligence
has recognized this."
To assemble data for its survey, the fDi Intelligence
division of the Financial Times collected data using the
specialist online FDI tools fDi Benchmark and fDi Markets, as well
as other sources. Data was collected for 29 countries under five
categories: Economic Potential, Labour Environment, Cost
Effectiveness, Infrastructure, and Business Friendliness.
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