The Cayman Islands – Grand Cayman, Cayman Brac and Little Cayman – are located in the western Caribbean about 150 miles south of Cuba, 460 miles south of Miami, Florida and 167 miles northwest of Jamaica. Georgetown, the capital is on the western shore of Grand Cayman. Sparkling blue water, white sand and stretches of beach make up this beautiful Caribbean façade. There are no rivers on any of the islands. The coasts are largely protected by offshore reefs and in some places by a mangrove fringe that sometimes extends into inland swamps.
The main industries are financial services, tourism and real estate sales and development. It is estimated that financial services represent 40% and tourism between 30 – 40% of gross domestic product.
The Cayman Islands boasts one of the highest standards of living in the Caribbean. They thrive as an offshore financial centre and a perennially popular tourist mecca for visitors from around the globe.
With an investment climate supported by a sound regulatory framework, modern infrastructure, high quality telecommunications and an extensive professional workforce, the Cayman economy is an ideal place to invest. The Cayman Islands are the fifth largest banking centre in the world.
The Cayman Islands is a parliamentary democracy with judicial, executive and legislative branches and is a British Dependent Overseas Territory.
With a population of 51,900, they are referred to as Caymanians. The official language is English and the currency is the Cayman Islands dollar (CI$), which has an exchange rate of CI$ 1.00 to US$ 1.25.