The Cayman Islands General Registry has announced the recruitment of more staff to meet a growing demand for company incorporations.
The Registry has reported that active companies registered in the Cayman Islands are up 10% in 2007 (87,230 companies), compared with the year before (79,227 companies).
In addition, there was 16% growth in the registration of new companies in the Cayman Islands. A total of 13,103 new companies were registered in the 2006/7 financial year, as compared with 11,306 new companies for the previous year.
To meet the new demand, the Registry has recruited six new staff in key positions. These include a customer liaison officer, a financial administrator, a personal assistant to the Registrar General, an assistant registrar, and two customer services officers.
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