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The Cayman Islands is an autonomous British Overseas Territory within the western Caribbean. The 264-square-kilometre (102-square-mile) territory comprises the three islands of Grand Cayman, Cayman Brac and tiny Cayman, which are located to the south of Cuba and northeast of Honduras, between Jamaica and Mexico’s Yucatan. The capital city is George Town on Grand Cayman, which is the most populous of the three islands.  The Cayman Islands is taken into account to be a part of the geographic Western Caribbean Zone also because of the Greater Antilles. The territory is usually considered a serious world offshore financial haven for international businesses and lots of wealthy individuals.It has been placed on the EU’s blacklist of foreign tax havens.

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The main work on the island is financial services: there are 100,000 registered companies there, quite the population itself. pertaining to one building on Cayman, Ugland House, former US president Barack Obama said it housed “12,000 corporations. Now, that’s either the most important building or the most important tax scam on record.” With a mean income of around KYD$47,000, Caymanians have the very best standard of living within the Caribbean. consistent with the CIA World Factbook, the Cayman Islands GDP per capita is the 38th highest within the world, but the CIA’s data for Cayman dates to 2004 and is probably going to be less than present-day values.  The territory prints its own currency, the Cayman Islands dollar (KYD), which is pegged to the US dollar US$1.227 to 1 KYD. However, in many retail stores throughout the islands, the KYD is usually traded at US$1.25. the govt has established a Needs Assessment Unit to alleviate poverty within the islands. Despite this, the Cayman Islands holds a comparatively low percentage of about 4.24% as of 2015, less than the worth of 4.7% that was recorded in 2014. One of Grand Cayman’s main attractions is Seven Mile Beach, site of a variety of the island’s hotels and resorts. Named one among the last word Beaches by Caribbean Travel and Life, Seven Mile Beach may be a public beach on the western shore of Grand Cayman Island. Historical sites in Grand Cayman, like Pedro St. James Castle in Savannah, also attracts visitors. Observation Tower at Camana Bay, north George Town Stingray passing through – Stingray City, Grand Cayman All three islands offer skin diving, and therefore the Cayman Islands is home to many snorkeling locations where tourists can swim with stingrays.  The foremost popular area to try to do this is often Stingray City, Grand Cayman. Stingray City may be a top attraction in Grand Cayman and originally started within the 1980s, when divers started feeding squid to stingrays. The stingrays began to associate the sound of the boat motors with food, and thus visit this area year-round.