Solomon Harris, Cayman Islands Attorneys at Law

E-Commerce


E-commerce is the marketing, ordering and sale of goods and services over the internet. E-commerce transactions may be business to customer or business to business. The range of goods and services that can be bought or sold by e-commerce would appear to be without limit. The potential size of the market is enormous. It has been estimated that potential revenues from e-commerce are over US$1 Trillion.

E-commerce offers sellers of goods and services significant benefits when compared with conventional selling methods, the most significant of which are cost saving, greater flexibility and access to a truly global market place. For e-commerce businesses offering digitised products and services (such as computer software which the purchaser can download through the internet) virtually no physical presence is necessary. Even for e-commerce businesses which are offering tangible goods (such as books, electrical goods etc) the "physical portion" of the business e.g. warehousing and delivery, can be readily outsourced.

The lack of a requirement for "bricks and mortar" makes the Cayman Islands an ideal location for those looking to establish e-commerce businesses. Within our own firm we have seen huge interest in this area, not only from entrepreneurs considering business start ups which are ideally suited for e-commerce but also from established onshore businesses looking to exploit their existing range of goods or services through a parallel e-commerce operation.

Our specialist in this area is:

Paul Scrivener

First Caribbean House, PO Box 1990, George Town,
Grand Cayman KY1-1104, Cayman Islands
Tel: 345-949-0488
FAX: 345-949-0364
Email: info@solomonharris.com
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