Cayman Islands

The Cayman Islands is a British Overseas Territory located in the western Caribbean Sea. The territory comprises three islands: Grand Cayman, Cayman B...

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About Cayman Islands

The Cayman Islands is a British Overseas Territory located in the western Caribbean Sea. The territory comprises three islands: Grand Cayman, Cayman Brac, and Little Cayman. The capital and largest city is George Town, located on Grand Cayman.

The Cayman Islands have a population of around 66,000 people, with the majority living on Grand Cayman. The official language is English and the currency is the Cayman Islands dollar (KYD), which is pegged to the US dollar.

The economy of the Cayman Islands is largely based on offshore banking, with the territory being one of the world's largest financial centers. Tourism is also an important industry, with visitors attracted to the islands' beaches, clear waters, and coral reefs. The islands are known for their luxury resorts, scuba diving and snorkeling opportunities, and other water sports.

The Cayman Islands are a popular destination for international businesses and wealthy individuals due to the territory's tax-neutral status and the absence of direct taxes such as income tax, capital gains tax, or corporate tax. The government derives the majority of its revenue from indirect taxes such as import duties and fees.

The Cayman Islands are known for their natural beauty and wildlife, including the endangered blue iguana. The islands have a tropical climate, with temperatures ranging from 70°F to 90°F throughout the year. The official hurricane season runs from June to November, with the peak of the season in September and October.

The Cayman Islands have a stable government and a low crime rate, making it a safe and attractive destination for tourists and businesses. The territory has a British-style legal system and a high level of political and economic stability.