The Cayman Islands is made up of three islands: Grand Cayman, Cayman Brac and Little Cayman, and is located in the Western Caribbean, 450 miles southwest of Miami.
Grand Cayman is the most commonly known island and is the largest and most populated of the trio. Some 60,000 people live in Grand Cayman, a blend of Caymanians and expats from over 135 nations. Most expatriates living on the island hail from the United States, Canada, United Kingdom, Jamaica, Latin America and the Philippines. Cayman Brac and Little Cayman – commonly referred to as the Sister Islands – are significantly less developed and are home to just over 2,000 residents. Cayman Brac is the most rugged of the islands, with its majestic 140-foot limestone cliff, The Bluff, hiking trails and nature reserves. In contrast, Little Cayman, is celebrated for its small-island charm, relaxed lifestyle and magnificent diving.
The Cayman Islands is renowned for its leading financial services sector, robust tourism industry, modern infrastructure and high standard of living. It is acclaimed as having the highest standard of living in the Caribbean and, according to the CIA World Factbook, the Cayman Islands has the 14th highest GDP per capita in the world.
The country has evolved from being a small community built on fishing, turtling, shipbuilding and rope-making industries and is now poised as the sixth largest financial services centre worldwide. Much has changed since the early settler days. Grand Cayman is now home to a sophisticated business community and nearly 600 banks and trust companies, including 43 of the 50 largest banks across the globe. Success in the international financial services sector is the result of a tax neutral status and maintaining a sound regulatory environment and judicial system.
Planning a Visit
Year-round warm weather with temperatures typically ranging between 76°F and 87°F brings with it a steady influx of visitors to the Cayman Islands. Grand Cayman is serviced by over 5,000 international flights a year, bringing over 400,000 visitors by air. With such proximity to Miami, the Cayman Islands is a popular destination for travellers from the United States and Canada and is easily accessible from 20 major cities between the two countries. There is also a direct flight from London, England to Grand Cayman, operating four times a week with a tarmac stop in Nassau, Bahamas. The Owen Roberts International Airport is undergoing a major expansion and will increase capacity to approximately three million passengers each year. The project is expected to be completed in 2019. In addition to air arrivals, around two million cruise passengers visit Grand Cayman and Cayman Brac each year. English is the official language of the Cayman Islands and is primarily spoken. Driving is on the left-hand side of the road.
The Cayman Islands Dollar, or KYD, is the country’s official currency however the US Dollar is widely accepted as legal currency at the rate of one US dollar to every 80 Cayman cents.
An established government, pleasant year-round temperature, high standard of living and stable tourism and financial sectors are backed by a strong sense of community, national pride rich in culture, and a low crime rate. Woven in virtually all aspects of life in the Cayman Islands has an endeavour to be Caymankind to all; that is, to always be courteous, demonstrate kindness and compassion and ultimately welcome all to the Cayman way of life.
Camana Bay in the Cayman Islands
Those who live in Grand Cayman are aware of the many contributions that international business person Kenneth B. Dart has made to the country. Ken Dart has established his global headquarters in Cayman Islands and with several businesses.
After having first visited Grand Cayman in the 1980s, Ken Dart recognised the islands' natural beauty and reputation as an international financial centre as conducive to his business and investment activities. As a result, he purchased property on Grand Cayman and relocated his family office here in 1994. The following year, Mr. Dart purchased the Coral Caymanian resort, along with its accompanying 236 acres. This land would become Camana Bay, a New Urbanist town master planned over a decade from 1996-2005 before opening in 2007.
Mr. Dart's vision for Camana Bay was for a new town that would be the most desired, livable community in the Caribbean. The town would be pedestrian-friendly, sustainably developed and lushly landscaped, and offer opportunities for living, working and playing. The first offices - EY and Cayman National Bank - opened with the Town Centre in 2007 and shortly after the cinema, Books & Books bookstore and Abacus restaurant joined. Since then, the town has blossomed, with 63 for-lease residences, over 1,700 people working in Camana Bay and more than 15 eateries and 40 locally owned shops and services. A true community in the Cayman Islands, the Town Centre also plays host to hundreds of events each year that are beloved among local and international visitors.