THE CAYMAN ISLANDS
Comprising three islands; Grand Cayman, Cayman Brac and Little Cayman, the Cayman Islands is located in the western Caribbean a short flight from Miami. With a combined total area of around one hundred square miles and a total population of around fifty-five thousand, it is home to an eclectic mix of national and expatriates from all walks of life. Most people reside in Grand Cayman, largest of the three islands, discovered by Christopher Columbus, the islands were originally named Las Tortugas (The Turtles) by virtue of the abundant sea turtle population.
The Cayman Islands is considered an offshore financial centre of which Cayman is one of the largest and most pre-eminent in the world. Today corporations and residents bear no direction taxation, there is no capital gains tax, no corporation tax, income, inheritance, sales or withholding taxes and more importantly, for those wishing to purchase real estate, no property tax.
The Cayman Islands now enjoy the highest income per capita in the Caribbean and arguably the highest standard of living, with almost nil unemployment and very little crime to speak of, this combined with the natural tropical beauty and temperate climate make the Cayman Islands a veritable Caribbean paradise which ensures not only a strong tourism industry but a large non-resident population who wish to purchase second and third homes here.