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Cayman Islands Review

Two hundred and forty kilometers south of Cuba and 290 west of Jamaica lay an archipelago, the colony of British West Indies, which comprises three islands under the name Cayman Islands: Grand Cayman, Cayman Brac and Little Cayman.

Grand Cayman, the largest of the three, hosts almost all the 23,000 inhabitants of the archipelago, as well as its capital, George Town. Fishermen’s Village until two decades ago, today the city is capital of the islands and tourist centre of one of the most exclusive tourism complexes in the world.

Apart from diving fans, which have in their island paradise, the customers are retirees with a good economic situation that come to the islands to play golf, fish or simply relax.All this in tranquility and monotony of the British tradition, preserved even better than in the same England.

To play cricket, take tea in the afternoon and visit attractions quiet pubs are more hectic social life in Cayman, where there are no street vendors and the permitted speed-driving left-can hardly give more than a scare small slowdown.

The Seven Mile Beach offers the best facilities hotel companies in the world: Westin, Hyatt, Sheraton. A square meter of land here costs what a luxury car, but buildings cannot have more than three floors, because the law requires that none protrude above the coconut trees.

It is curious that less than twenty-five thousand inhabitants, the island have surveyed 500 banks and 18,000 businesses. The explanation is given by the second feature of the Islands: being a tax haven where there are no taxes.According to legend, ten ships in 1788 returned to England from Jamaica were shipwrecked on these shores and all its crew members were saved by the islanders.

George III, thanks to their action, the country freed from the obligation to pay taxes to the crown.

Those are the two sources of income for the islands: tourism and finance. The result is an overly quiet place without unemployment or crime in which there is a limit of 300,000 tourists a year. People think that more people could alter their lifestyle.

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Is tourism important to the Cayman Islands economy?

Almost 70-75% of the annual GDP of the Cayman Islands comes from the tourism sector. Grand Cayman is visited by almost all the tourists who visit Cayman Island. The town is a major cruise ship port. The major attraction in Grand Cayman is the Seven Mile Beach. Little Cayman and Cayman Brac are the sister concerns of this Island, and they appeal tourists to a considerable degree. Cayman Island is a famous for Scuba diving.

Art and Culture of this island are especially attractive for people arriving here. They are so appealing that people rediscover the lost glory of the island from these arts and crafts. There is a museum where cultural history of the island becomes conspicuous. Cayman Island attracts International attention and is one of the best places to visit.

Tourism is the mainstream economy in Cayman Island. There is a luxury market in the area. Here, you can see some of the excellent sea beaches, duty-free shopping, scuba diving and deep-sea fishing. The extremely developed tourist industry, a number of jobs can be obtained in this sector.

Apart from tourism, shipping, cotton production and fishing are some of the major economic pillars of the country.

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