Cayman Islands
The Cayman (/ˈkeɪmən/) Islands is a self-governing British Overseas Territory, and the largest by population. The 264-square-kilometre (102-square-mile) territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located to the south of Cuba and northeast of Honduras, between Jamaica and Mexico's Yucatán Peninsula. The capital city is George Town on Grand Cayman, which is the most populous of the three islands.
The Cayman Islands is considered to be part of the geographic Western Caribbean Zone as well as the Greater Antilles. The territory is a major world offshore financial centre for international businesses and wealthy individuals, largely as a result of the state not charging taxes on any income earned or stored.[C1]
With a GDP per capita of $91,392, the Cayman Islands has the highest standard of living in the Caribbean.[C2] Immigrants from over 130 countries and territories reside in the Cayman Islands.[C3]
Citations
- CITE 1((19 February 2004). ): "Tax me if you can. Haven or Havoc?". , Pbs.org. , Archived from the original on 22 February 2004. [accessed Retrieved 25 August 2017.] https://www.pbs.org/wgbh/pages/frontline/shows/tax/schemes/cayman.html
- CITE 2"Cayman Islands - Place Explorer". , Data Commons. , Archived from the original on 16 August 2022. [accessed Retrieved 19 March 2022.] https://datacommons.org/place/country/CYM?mprop=amount&popt=EconomicActivity&cpv=activitySource%2CGrossDomesticProduction&hl=en
- CITE 3((18 February 2021)): "Facts & Figures of the Cayman Islands". , Cayman Resident. , Archived from the original on 31 March 2022. [accessed Retrieved 19 March 2022.] https://caymanresident.com/about/caymans-facts-figures/amp
