Cayman Islands

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Cayman Islands

(kā`mən), British dependency (2005 est. pop. 44,300), 100 sq mi (259 sq km), comprising three low-lying islands in the West Indies. George TownGeorge Town,
town (1989 pop. 12,921), capital and administrative center of the Cayman Islands, in the West Indies. A major offshore banking and business center, it is the site of several hundred banks.
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, the capital and chief port, is on Grand Cayman; the other islands are Little Cayman and Cayman Brac. The British monarch is the head of state, and is represented by a governor. There is an 18-seat Legislative Assembly; the government is headed by the premier. The Cayman Islands are divided into eight administrative districts.

The largely Christian, English-speaking population is about 40% mixed European and African ancestry, 20% white, and 20% black. Finance and luxury tourism are the economic mainstays of the islands, which are an international center for offshore banks, insurance companies, and mutual funds. Almost all goods are imported, primarily from the United States.

The islands were sighted by Christopher Columbus in 1503, but were colonized by the British beginning in the 1800s. Administered from JamaicaJamaica
, independent state within the Commonwealth (2005 est. pop. 2,732,000), 4,232 sq mi (10,962 sq km), coextensive with the island of Jamaica, West Indies, S of Cuba and W of Haiti. Jamaica is the largest island in the Caribbean after Cuba and Hispaniola.
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 after 1863, they became a separate British crown colony when Jamaica became independent in 1962. In 2004, Hurricane Ivan brought widespread destruction to the islands.

Cayman Islands


a British possession in the West Indies, in the Caribbean Sea. The territory consists of the Grand Cayman, Little Cayman, and Cayman Brae islands. Area, 259 sq km. Population, 10, 600 (1970 census). The inhabitants are Creoles, Negroes, and mulattoes; more than 80 percent live on Grand Cayman. Administrative center, Georgetown.

The islands are governed by a representative of the British crown. The main industries are agriculture, catching caimans and turtles, salt mining, and tourism. The Caymans were discov-ered by Christopher Columbus in 1503.

References in periodicals archive ?
The Cayman Islands had asked a number of British passport-holding players, not previously capped by their own countries, to play for them.
The Cayman Islands, including Grand Cayman, Little Cayman and Cayman Brac, are a British overseas territory northwest of Jamaica.
A Royal Cayman Islands Police Service statement says there appear to be no suspicious circumstances surrounding the death, but an investigation was ongoing Friday.
GEORGE TOWN, Cayman Islands, June 28, 2013 /PRNewswire/ -- CITN, the exclusive broadcaster and licensee of Cayman27 licensed CBS programming in the Cayman Islands, advises Cable & Wireless Communications (LON:CWC)("LIME TV") subscribers in the Cayman Islands that LIME TV is neither licensed nor authorized by the copyright owners to distribute or rebroadcast CITN and programming licensed from CBS Studios International in the Cayman Islands.
Categories: Tax Policy and Administration, Banking law, Data collection, Data integrity, Financial management, Financial markets regulation, Financial regulation, Foreign corporations, Foreign governments, Funds management, International agreements, International cooperation, International relations, Investment companies, Investments, Investments abroad, Jurisdictional authority, Lending institutions, Reporting requirements, Securities, Tax administration, Tax evasion, Taxes, Taxpayers, Cayman Islands
1 -- color) Surrounded by palms, and featuring a swim-up bar, one of the multilevel pools at the Westin Casuarina is adjacent to an inviting beach on Grand Cayman Island.
3 -- 4 -- color) Above, a sea turtle puts on a show for divers off the uncrowded Little Cayman Island in the British West Indies.
para]]Hospital CEO "Fat Cat" Mascot Will Deliver Audible Greeting Cards to All Legislators inviting them to Join Him in the Cayman Islands Where Hospitals Stash Millions in Profits from Taxpayer Dollars[[/para]]
Josh Cutler (D - Duxbury) said: "I am deeply troubled to learn that some Massachusetts hospitals are storing funds offshore in the Cayman Islands and not disclosing it.
Offshore companies interested in doing business in the Cayman Islands can apply for one of two types of license, according to Captive Insurance Company Reports, published by Tillinghast.
The Cayman Islands make for an unlikely success story--from a place whose economy not that long ago depended on rope weaving and turtles to the world's fifth-largest financial center.
The Cayman Islands should probably be promoted to the "watch" list, along with other improving destinations, such as the Dominican Republic and the Bahamas.

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