WHY CAYMAN
Many countries within the Caribbean basin have two strongholds: the financial industry and the tourism industry. The Cayman Islands is considered by many to be the pinnacle and the anomaly; it benefits substantially from both industries.
That means that investments are safe, with handsome returns and with a strong foothold to appreciate.
Let us show you why you may consider choosing the Cayman Islands for your investment.
WHY CAYMAN
Many countries within the Caribbean basin have two strongholds: the financial industry and the tourism industry. The Cayman Islands is considered by many to be the pinnacle and the anomaly; it benefits substantially from both industries.
That means that investments are safe, with handsome returns and with a strong foothold to appreciate.
Let us show you why you may consider choosing the Cayman Islands for your investment.
REPUTATION
The Cayman Islands has enjoyed a unique history. Because the islands are poorly suited to agriculture, prior to the early 1960’s, when they were known as the Islands that time forgot, the people of these islands made their living primarily from the sea.
From these little islands, men sailed near and far, gaining a worldwide reputation on ships. This afforded them a wide view of what existed outside the Caribbean. As a result, a budding offshore financial industry in the 60’s found a suitable and welcoming place in the Cayman Islands. The islands’ past had created an open, independent and conservative culture that valued law and order under the British tradition. With a good education system and a work permit system that requires high standards of permit holder, the population is educated and has historically displayed a good deal of common sense. There are few reports of crime in general, crime against visitors is quite rare and there is little or no racial tension. And that is what the media reports.
The islands have kept a clean image in the financial industry. The best validation of our image is that investors ‘put their money where their mouth is’. Cayman is the home to the largest number of hedge funds in the world.
REPUTATION
The Cayman Islands has enjoyed a unique history. Because the islands are poorly suited to agriculture, prior to the early 1960’s, when they were known as the Islands that time forgot, the people of these islands made their living primarily from the sea.
From these little islands, men sailed near and far, gaining a worldwide reputation on ships. This afforded them a wide view of what existed outside the Caribbean. As a result, a budding offshore financial industry in the 60’s found a suitable and welcoming place in the Cayman Islands. The islands’ past had created an open, independent and conservative culture that valued law and order under the British tradition. With a good education system and a work permit system that requires high standards of permit holder, the population is educated and has historically displayed a good deal of common sense. There are few reports of crime in general, crime against visitors is quite rare and there is little or no racial tension. And that is what the media reports.
The islands have kept a clean image in the financial industry. The best validation of our image is that investors ‘put their money where their mouth is’. Cayman is the home to the largest number of hedge funds in the world.
STABLE GOVERNMENT
The Cayman Islands is a British Overseas Territory, and as such, is ultimately governed by the United Kingdom.
The Cayman Islands have a parliamentary democracy with separate judicial, executive and legislative branches. The ultimate court is the Privy Council in London and the Governor, who holds extraordinary reserve powers, is appointed by the Queen. Elections of local members of Parliament are every four years. Governments are changed in a peaceful and orderly manner.
Corruption as is common in many other developing nations is non-existent.
The Cayman Islands enjoys a favorable global rating. There is little predicted likelihood that the government will be destabilized or overthrown by unconstitutional or violent means.
STABLE GOVERNMENT
The Cayman Islands is a British Overseas Territory, and as such, is ultimately governed by the United Kingdom.
The Cayman Islands have a parliamentary democracy with separate judicial, executive and legislative branches. The ultimate court is the Privy Council in London and the Governor, who holds extraordinary reserve powers, is appointed by the Queen. Elections of local members of Parliament are every four years. Governments are changed in a peaceful and orderly manner.
Corruption as is common in many other developing nations is non-existent.
The Cayman Islands enjoys a favorable global rating. There is little predicted likelihood that the government will be destabilized or overthrown by unconstitutional or violent means.
RELATIONSHIP WITH UK
The Cayman Islands have been connected to Great Britain since the signing of the Treaty of Madrid in 1670. From that time until 1962, Cayman was linked to Jamaica as a dependency. In 1962, Jamaica chose to become independent, but the Cayman Islands decided to remain a British colony.
The Foreign and Commonwealth Office appoints a Governor, whose responsibilities cover a number of areas including: National Security, Foreign Affairs, Police, Immigration, Passport Office, Postal Services and other portfolios such as Broadcasting, District Administration and Civil Service.
RELATIONSHIP WITH UK
The Cayman Islands have been connected to Great Britain since the signing of the Treaty of Madrid in 1670. From that time until 1962, Cayman was linked to Jamaica as a dependency. In 1962, Jamaica chose to become independent, but the Cayman Islands decided to remain a British colony.
The Foreign and Commonwealth Office appoints a Governor, whose responsibilities cover a number of areas including: National Security, Foreign Affairs, Police, Immigration, Passport Office, Postal Services and other portfolios such as Broadcasting, District Administration and Civil Service.
GROWTH IN TOURISM
Grand Cayman, the largest of the three islands that comprise the Cayman Islands, has recently seen major enhancements in its airport and it is slated for the development of a first-class cruise ship pier.
Cayman’s past and continued healthy long term growth in tourism is influenced by its proximity to North America, low crime rates, sophistication, and benefit of being an English speaking country. It is additionally facilitated by the country having its own airline as a tourism tool. The islands now boast excellent access from major hubs by major US airlines and the national airline.
Of course, its breathtaking beaches, award winning restaurants and memorable, unique activities make the Cayman Islands a dream destination.
GROWTH IN TOURISM
Grand Cayman, the largest of the three islands that comprise the Cayman Islands, has recently seen major enhancements in its airport and it is slated for the development of a first-class cruise ship pier.
Cayman’s past and continued healthy long term growth in tourism is influenced by its proximity to North America, low crime rates, sophistication, and benefit of being an English speaking country. It is additionally facilitated by the country having its own airline as a tourism tool. The islands now boast excellent access from major hubs by major US airlines and the national airline.
Of course, its breathtaking beaches, award winning restaurants and memorable, unique activities make the Cayman Islands a dream destination.
CAYMAN AIRWAYS
Unlike most neighboring Caribbean countries, the Cayman Islands benefits from owning and operating its own airline, Cayman Airways.
This allows the country to - open the Cayman Islands as a destination to new markets, - ensure that airfares remain competitive for travelers to visit, - ensure that there is an adequate supply of seats in the marketplace.
Ensuring that travelers have accessible flights from popular hubs has been a major influence on the islands’ growth. This is especially true for the sister islands as no other airline serves either of these islands.
Cayman Airways operates year round to New York, Miami and Tampa, to a number of other US cities seasonally plus a handful of Caribbean locations.
CAYMAN AIRWAYS
Unlike most neighboring Caribbean countries, the Cayman Islands benefits from owning and operating its own airline, Cayman Airways.
This allows the country to - open the Cayman Islands as a destination to new markets, - ensure that airfares remain competitive for travelers to visit, - ensure that there is an adequate supply of seats in the marketplace.
Ensuring that travelers have accessible flights from popular hubs has been a major influence on the islands’ growth. This is especially true for the sister islands as no other airline serves either of these islands.
Cayman Airways operates year round to New York, Miami and Tampa, to a number of other US cities seasonally plus a handful of Caribbean locations.
PROXIMITY TO NORTH AMERICA
Situated less than 500 miles south of Miami, Florida, the Cayman Islands is only a one hour flight from the United States.
With many daily direct flights from major hubs including Miami, Tampa, Houston, Dallas, Chicago, Charlotte, New York and Toronto, the Cayman Islands is positioned in a prime location for most major airlines including American Airlines, United, Air Canada, Jet Blue and Southwest in addition to Cayman Airways.
British Airways operates weekly direct flights to London, Heathrow and seasonal direct routes to the USA include Denver, Pittsburg, Ft. Lauderdale and Newark offered by various airlines.
This proximity and ease of access influences many high net worth travelers and allows accessibility to the pristine shores of the Cayman Islands.