Who owns Cayman Island?

The Cayman Islands are a British overseas territory, listed by the UN Special Committee of 24 as one of the 16 non-self-governing territories.

The Cayman Islands is a British Overseas Territory located in the Western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac, and Little Cayman, located south of Cuba and northwest of Jamaica.

The 20th Century: The Cayman Islands, initially administered as a dependency of Jamaica, became an independent colony in 1959; they now are a self-governing British Overseas Territory.

The economy of the Cayman Islands, a British overseas territory located in the western Caribbean Sea, is mainly fueled by the tourism sector and by the financial services sector, together representing 50–60 percent of the country's gross domestic product (GDP).

Kenneth Dart is an heir to the Dart Container foam cup fortune and an investor based in the Cayman Islands. Born in Michigan, he renounced his U.S. citizenship in 1994, obtained citizenship from Belize and relocated to the tax-free Cayman Islands.

A handful of small nations own a surprising amount of U.S. debt. With a population of 70,000, the Cayman Islands own a towering amount of Treasury bonds to the tune of $284 billion. There are more hedge funds domiciled in the Cayman Islands per capita than any other nation worldwide.

The official language of the Cayman Islands is English (90%). Islanders' accents retain elements passed down from English, Scottish, and Welsh settlers (among others) in a language variety known as Cayman Creole. Cayman Creole is not a language of its own, but considered a variety of English.

The local currency is the Cayman Islands Dollar (CI$) but transactions using non domestic credit cards will be charged in US$. The US dollar is widely accepted throughout the islands. The CI$ is fixed to the US dollar at $1.25 US Dollars to $1.00 Cayman Islands Dollar.

Shimmering azure waters, white sand beaches, swaying palm trees, exotic marine life — it's all here. And in addition to this incredible natural beauty, the locals are friendly, warm, and welcoming. You will be sure to experience the meaning of “Caymankind”.

Non-residents with a desire to live and work in the Cayman Islands must obtain a work permit to do so. The Cayman Islands Immigration Department issues temporary and full-time work permits.

Cayman Islands tourist visa is not required for citizens of United Kingdom for a stay up to 180 days. Sounds good! What else do I need to know while planning a trip to Cayman Islands? First, check the current validity of your passport.

The islands are notoriously expensive, and planning around this is one of the tips to know about visiting the Cayman Islands. The Caymans Islands is by some accounts the most expensive of the world's most expensive countries to live in (although it's technically not a country).

The Cayman Islands enjoy a relatively high standard of living, with one of the highest GDP per capita in the region and low poverty levels.

Safety and Security in the Cayman Islands

In fact, it has one of the lowest violent crime rates of any state in the world. It is probably the most secure country in the Caribbean and there are no areas of the island to avoid. That being said, like anywhere, there are criminals in the Caymans.

The Cayman Islands government guarantees absolute ownership of each parcel of land, there are no restrictions on foreign ownership of a single property and there is zero income tax, zero capital gains and zero property tax.

Kenneth Bryan Dart (born 1955) is a Cayman Islands-based businessman and billionaire. He is also a citizen of Belize and Ireland. His wealth was estimated in 2013 at $6.6 billion.

A family of four estimated monthly costs are 6,125.9$ (5,110.7KY$) without rent. A single person estimated monthly costs are 1,754.3$ (1,463.5KY$) without rent. Cost of living in Cayman Islands is, on average, 53.8% higher than in United States. Rent in Cayman Islands is, on average, 60.2% higher than in United States.

The Cayman Islands don't have a corporate tax and act as a haven for multinational corporations to shield some or all of their incomes from taxation. The Cayman Islands do not impose taxes on residents and are considered tax neutral.

With $1.1 trillion in Treasury holdings, Japan is the largest foreign holder of U.S. debt. Japan surpassed China as the top holder in 2019 as China shed over $250 billion, or 30% of its holdings in four years.

It is rare to be the victim of a serious crime, but pickpocketing and having items stolen is possible. In 2010, the homicide rate in the Cayman Islands was 15.88 per 100,000 people. It decreased to 8.22 per 100,000 people in 2014. The homicide rate further decreased to 7.99 per 100,000 people in 2022.

A close and personal friend 2. The object of one's affection. 3. a woman's pet name for a boyfriend or close male friend Eg. " I gah plenty guy friends but Derrick is my bobo."

Islam in the Cayman Islands is a minority religion.

The Cayman Islands do not impose taxes on residents and are considered tax neutral.

Is tap water safe to drink? Piped water provided on Grand Cayman by Cayman Water and Water Authority-Cayman is potable water that meets World Health Organization (WHO) standards for drinking water and is perfectly safe to drink. Click here for detailed Water Quality Information.