Zero Tax Country: 17 Amazing Facts About The Cayman Islands
Cayman Islands
Capital: George Town
Population: 74,457
Land: 240 km2
The Cayman Islands, a British Overseas Territory in the Caribbean Sea, are renowned for their pristine beaches, crystal-clear waters, and vibrant marine life. Grand Cayman, Cayman Brac, and Little Cayman are the three islands that make up the British Overseas Territory of the Cayman Islands, which are situated in the western Caribbean Sea.
The Cayman Islands is one of the world’s smallest countries, home to just over 65,000 inhabitants. Nevertheless, in spite of their small size, the Cayman Islands are a well-liked tourist destination with gorgeous beaches, glistening oceans, and an abundance of marine life. They are also a significant international financial hub.
But there’s much more to these idyllic islands than meets the eye. Here are 10 amazing facts that might surprise you:
1. A Pirate Haven
The Cayman Islands have a rich pirate history. In the 17th century, the islands served as a haven for pirates who sought refuge from British and Spanish authorities. Today, the islands celebrate their pirate heritage with annual festivals and events.
2. No Income Tax
One of the most attractive features of the Cayman Islands is its lack of income tax. This tax-free status has made the islands a popular destination for businesses and individuals seeking to reduce their tax burdens. As There is no direct taxation in the Cayman Islands, this created a large banking sector and led to many businesses being registered here!
3. The Cayman Trench
The Cayman Islands are situated atop the Cayman Trench, the third-deepest oceanic trench in the world. This deep underwater chasm is home to a diverse array of marine life, including rare and unusual species.
4. A Turtle Haven
The Cayman Islands are a nesting ground for sea turtles, particularly green sea turtles. The islands’ protected beaches provide a safe and undisturbed environment for these endangered creatures to lay their eggs.
5. The Stingray City
One of the most popular attractions in the Cayman Islands is Stingray City, a shallow sandbar where visitors can interact with stingrays. These gentle creatures are harmless to humans and can be hand-fed by tourists.
6. A British Overseas Territory
The Cayman Islands have been a British Overseas Territory since 1670. This means that they are governed by the United Kingdom, but they have their own government and laws.
7. A Diverse Population
Despite their small size, the Cayman Islands have a diverse population. The islands are home to people from all over the world, including British, North American, and Caribbean heritage.
8. A Financial Hub
The Cayman Islands are a major financial center, particularly known for their offshore banking and insurance industries. The islands’ stable economy and favorable tax regime have attracted numerous international businesses.
9. A Culinary Melting Pot
The Cayman Islands’ cuisine is a delicious blend of British, Caribbean, and American influences. Popular dishes include conch fritters, jerk chicken, and fish tacos.
10. A Celebration of Music and Dance
The Cayman Islands have a vibrant music and dance scene. Local musicians play a variety of styles, including calypso, reggae, and soca. The islands also host annual music festivals and dance competitions.
11. Floating Neighbours
Its neighbours are all floating. It is an archipelago with no boundaries. However, its closest neighbours are Mexico to the west, Honduras, Nicaragua, and Belize to the south-west, Panama and Costa Rica to the south, Cuba to the north, Haiti to the east, Jamaica and Colombia to the south-east, and Panama and Costa Rica to the south.
12. Small Islands
The islands are really very little. Measuring only 100 square miles (259 square kilometres), this stunning nation is small in size. The population of the Cayman Islands was 65,720 in 2020.
13. Walkable Capital Distance
Quite a walkable capital! George Town, the nation’s capital, is home to 40,957 people as of 2022 and has a total area of 11.2 square miles (29 square kilometres).
14. Developed Capital City
Over time, the capital has evolved. The capital city at the time was called Bodden Town, supposedly named after the quantity of people who lived there with the last name “Bodden”!
15. Economy
What do the Cayman Islands grow and export? They raise animals, grow fruit and vegetables, and care for turtles. The industries in the nation are construction, building materials, furniture, banking, insurance, and tourism. Turtle products and manufactured consumer goods are exported from the Cayman Islands.
16. Healthy Life Expectancy
The average life expectancy here is a healthy 82.19 years! (2010)
Lastly, It’s easy to fly into and out of Cayman. There are four airports here, in spite of its small size!
The Cayman Islands offer a unique and unforgettable experience for visitors. With their stunning natural beauty, rich history, and vibrant culture, these idyllic islands are a must-visit destination for anyone seeking a tropical paradise.