The Cayman Islands is a British territory that is famous for being a financial capital in the Caribbean. The three islands that make up Cayman Islands are the Grand Cayman, Little Cayman and Cayman Brac.
Cayman islands is the main financial center in the Caribbean. And although it is a British territory, surprisingly enough, there is nothing so British about the Islands. The Grand Cayman for instance, is more Americanized than British as large malls are built and SUVs run around and even looking around for parking lot spaces. This area is also famous for banking and taxes and it uses the US dollars as if it was their national currency. All this description may point to the same characteristic of the Cayman Islands. However, there is actually so much more to this small nation than what is already obvious.
The Three Caymans
When you explore the rest of the Grand Cayman’s long western coastline, you’ll discover its crowded commercialism that made it the Caribbean’s financial center. If you however, want to experience life at a slower pace in the Cayman Islands, visit the charming Little Cayman and Cayman Brac. In these smaller islands, travelers can enjoy the simplest pleasures in life ranging from bird-watching to snorkeling, diving and hiking.
The Cayman Islands may not have the spectacular view and steamy nightlife just like what the rest of the islands of the Caribbean have. But in place of these, the Caymans provide a much quieter charm for a relaxing vacation, with independent, sincere and warm people to welcome tourists from all over the world.
Cayman Economy
A major international financial center in the Caribbean, the Cayman Islands have banking and investment, hedge fund formation, insurance and general corporate activities as its biggest sectors.
The Cayman Islands is really successful in being a financial capital in this area and as a matter of fact, it already has become the 5th largest banking center in the entire world. Cayman Islands is home to around 270 plus banks that cater to both domestic and international clients.
Of the annual Gross Domestic Product of the Cayman Islands, tourism accounts for at least 70%, and among the tourists that visit this part of the Caribbean, 99% visit the Grand Cayman. The major cruise ship port in Cayman Islands is George Town, bringing in at most 22,000 of tourists per day, 5 times a week depending on how many ships are operating on the port.
Cayman Islands’ Tourist Attractions
The Seven Mile Beach is one of the most famous attractions in the entire world and it is located in Grand Cayman. Aside from the Seven Mile Beach, the Pedro St. James Castle also draws in tourists to Cayman Islands who want to explore the history of the area.
Cayman Islands is also most famous for its scuba diving destinations that boast of its crystal clear waters. Snorkeling locations where visitors can swim with stingrays are also popular like the Stingray City in Grand Cayman.
If you want to experience the best of both worlds – a fast paced and a laid back lifestyle – the perfect place to come to is the Cayman Islands. Not only will you be able to explore nature at its finest, you will also experience and learn a lot more.
