Submit Article

Dubai Properties

Construction Updates

Properties in UAE

Country Profile

Property Listing

Resources

Cayman Islands

Capital George Town
Area Sq Km 262
Area Sq Miles 102
Population 36 273
Languages English
Religions Protestant, Roman, Catholic
Currency Dollar
National Day

Cayman Islands

Economy Overview
With no direct taxation, the islands are a thriving offshore financial center. More than 40,000 companies were registered in the Cayman Islands as of 1998, including almost 600 banks and trust companies; banking assets exceed $500 billion. A stock exchange was opened in 1997. Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America. Total tourist arrivals exceeded 1.2 million in 1997, with 600,000 from the US. About 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy one of the highest outputs per capita and one of the highest standards of living in the world.
Government
As a British Overseas Territory, the Caymans have a Governor who is appointed by the British monarch. The Governor is responsible for external affairs, security and defence. He is also chairman of the executive council comprising three members appointed by the Governor and four members from the legislative assembly, elected by that body itself. The legislative assembly comprises the above three members of the executive council appointed by the Governor and 15 members elected by universal adult suffrage every 4 years.

Articles related to Cayman Islands


Fees payable by Financial Institutions- Cayman

Learn about the annual fees for the banks and trust licensed under the Banks and Trusts Companies Law.


This article was viewed 1271 time(s)

Calendar of Events- Cayman Islands

Cayman Islands are very vibrant and active, with lots of happenings and events taking place all around the year.


This article was viewed 923 time(s)

Banking Law in Cayman Islands

In Cayman Islands, banks need to be licensed under the Banks and Trust Companies Law.


This article was viewed 3348 time(s)

Trust Law in Cayman Islands

The Trust Law in the Cayman Islands is very similar to the English Trustee Act but considerable subsequent legislations have distanced it from English origins.


This article was viewed 1481 time(s)

Mutual Fund Law in Cayman Islands

Cayman Islands mutual funds are regulated under the Mutual Fund Law 1996.


This article was viewed 2137 time(s)

Insurance Law in Cayman Islands

Cayman Islands insurance companies are regulated under the Insurance Law 1979 as amended.


This article was viewed 1047 time(s)

Vessel and ship Registration in Cayman

The Cayman Islands, with a Category One British registry, are qualified to register vessels of all sizes and classes, from small yachts to super tankers.


This article was viewed 1563 time(s)

Investment in Cayman Islands

The Cayman Islands offer an investment climate supported by a sound regulatory framework, modern infrastructure, high quality telecommunications and an extensive professional workforce making the Caym


This article was viewed 1011 time(s)

Investment Fund Management in Cayman Islands

The Cayman Islands are now one of the world's leading fund management centres.


This article was viewed 1235 time(s)

Types of companies in Cayman Islands

There are four company types which are commonly registered in Cayman.


This article was viewed 1578 time(s)