Cayman Islands

British overseas territories
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The Cayman Islands, yes Britain in America An overseas possession of the Western Caribbean Islands Grand Cayman , Little Cayman and Cayman Brac It consists of three islands. The Cayman Islands are the fourth largest in the world Offshore financial center It is known as the world famous diving resort.
Cayman is a well-known offshore financial center and" Tax haven It is also a world-famous diving resort and tourist resort. Finance and tourism are the main sources of its economy. [1-3]
Chinese name
Cayman Islands
Foreign name
Cayman Islands
continent
North America
capital
Georgetown (George Town)
Country code
CYM
Official language
English
currency
Cayman dollar (KYD)
Time zone
Atlantic Standard Time zone UTC- 05:00
Political system
A parliamentary constitutional monarchy
National leader
Martin Roper (Governor) , Alden McLaughlin (Prime Minister)
Population number
Sixty thousand (2018)
Population density
253.2 people/km2 (2016)
Major nationality
White race , Black race , mestizo
Major religion
Protestantism (one of the three major Christian schools)
Land area
264 km²
Water area ratio
1.6%
Total GDP
3.207 billion yuan (2006)
Per capita GDP
$58,942 (2015)
International telephone area code
1
International domain name abbreviation
.ky
Road access
Drive on the left

Historical evolution

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EDITOR
Christopher Columbus On his fourth expedition to the New World, he discovered the Cayman Islands on May 10, 1503, and named them Turtle Island. According to historical records, British navigator Francis Drake The island was reached in 1586 and named the Cayman Islands. In 1670 Jamaica Become together British colony It is under the jurisdiction of the Governor General of Jamaica. After independence in 1962, Jamaica became a British colony.
开曼群岛 开曼群岛 开曼群岛 开曼群岛
Cayman Islands
The Spanish first called it LasTortugas (turtle Island) because of the many turtles in the surrounding waters; After so landed crocodile ( Spanish As a caiman By 1530 it had been named Cayman. The Cayman Islands are located 268 kilometers northwest of Jamaica, Miami 640 miles south Caribbean Sea It consists of three main islands, including Grand Cayman (Grand Cayman), Little Cayman (Little Cayman) and Cayman Brac (Cayman Brac) Islands.
After the Treaty of Madrid ceded Jamaica to Britain, the first permanent settlement was established on Grand Cayman Island. Most of the settlers were British seamen, privateer Crew, passengers of the sinking ship and Africa Slaves, and owners of government land grants from Jamaica. Geographical position Isolation and the integration of peoples after the emancipation of slaves in 1835 have made the Cayman Islands Social life A harmonious and consistent society.

Geographical environment

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The Cayman Islands are located 268 km northwest of Jamaica and 640 km south of Miami in the Caribbean Sea and consist of three main islands. Grand Cayman is the largest with an area of 220 square kilometers. The other two islands, Cayman Brac and Little Cayman Located about 145 kilometers northeast of Grand Cayman Island, with an area of 23 square kilometers and 16 square kilometers respectively, the territory is low-lying, Mean altitude 200 meters, mainly plain, surrounded by Coral reef . About half of Grand Cayman is marshland . Belong to Tropical climate , Annual mean temperature 24-30℃, Annual precipitation 1200 mm.
The Cayman Islands have relatively few resources, but they are rich Shark , lobster , Sea turtle , hawksbill , sponge , Sea shell And a variety of aquatic products. There is also a small amount of forestry. [2] Mangrove forest Marshes cover about 30% of the land area. The island is widely planted with a variety of commercial fruit trees, such as coconut , breadfruit , bananas, mangoes and citrus Wait, and palm , Ink tree and mahogany . mammal Only local ones agouti There are many others reptilia Animals, among which Green turtle is Christopher Columbus Found it when we arrived in the islands. iguana , lizard And frogs are also common, Birds They are many.
Blue rock iguana endemic to the Cayman Islands

National sovereignty

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As of July 2006, the population of the Cayman Islands was 45,436. Twenty percent were white, 20 percent were black and 40 percent were mixed-race. Most residents believe in Christianity . The majority of the population lives on Grand Cayman, with only about 2,000 people living on Cayman Brac and about 200 on Little Cayman.
Cayman Islands
Under the Treaty of Madrisco in 1670, the Cayman Islands were restored Britain Rule. But for 280 years until 1959, it was actually British colony The Governor General of Jamaica has full authority. After Jamaica became independent in 1962, the Cayman Islands became a separate part of the United Kingdom Crown colony , due to The British Queen Appointed by the Governor Right of jurisdiction Responsible for foreign affairs, defense, internal security and Public service Career. The Cayman Islands enjoy a greater degree of independence in domestic affairs autonomy . The Cayman Islands Constitution was enacted in 1959, amended three times in 1972, 1992, 2009, and slightly amended in 2016. [4] The Constitution says: The governor's representative Queen of England Appointed by the Queen; The Cabinet consists of the Prime Minister, six other ministers, the Deputy Governor and the Attorney General. The parliament of the Cayman Islands is called the Legislative Assembly.
Coat of Arms of the Cayman Islands
The current cabinet was formed in May 2017. Principal Members: Prime Minister Alden McLaughlin, Deputy Prime Minister and Regional management Moses Kirkconnell, Minister of Tourism and Transport, Roy McTaggart, Minister of Finance and Economic Development, Financial service And Home Affairs Minister Tara Rivers, commerce, planning and infrastructure Minister Joseph Hew, Minister of Education, Youth, Sport, Agriculture and Lands Juliana O'Connor-Connolly, Minister of Health, Environment, Culture and Housing Dwayne Seymour, Lieutenant-governor Franz Manderson and Attorney-General Samuel Bulgin. [5]
Progressive Democrats (TheProgressiveDemocraticParty) : in August 1991 by one of the council on legislation backbencher MckeevaBush initiated the creation. The party supports the preservation of the United Kingdom membership .
Judicial authorities: There is the Grand Court of the Islands (equivalent to the Supreme Court), summary Court, juvenile Court and Court of appeal (in Jamaica), Britain Privy Council The highest appellate body in the Cayman. The Supreme Court sits six times a year to hear civil and criminal cases, and accepts appeals from summary courts. Chief justice Anthony Smellie.
After party politics ceased in the mid-1960s, the islands had no formal political parties. Elections for the legislative Assembly are generally held between several groups and independent candidates. All candidates pledged to further develop the Cayman economy and advocated maintaining ties with Britain. The first new political party, the Progressive Democratic Party, was founded in 1991. In the November 1992 elections, the National Group won. In February 1995, Gilbert McLean, an independent member of the Legislative Assembly, formed the Cayman Group, which was re-elected in a general election held in November 1996.

Successive governors

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The Governors have been as follows:
Alan Hillihard Donald July 4, 1959-1960
Cayman Islands
Jack Ross 1960-1964
John Alfred Kumble 1964-1968
Aethelstan Charles Aethelward Long August 22, 1968-1971
Kenneth Roy Cooke August 22, 1971 -1974
Thomas Russell 1974-1981
George Peter Lloyd 1982-1987
Alan James Scott 1987-14 September 1992
Mitchell Edward John Gore September 14, 1992-October 16, 1995
John Vinnie Owen October 16, 1995 - May 5, 1999
Peter Smith May 5, 1999 - May 9, 2002
James Leon May 9, 2002-May 29, 2002
Bruce Dinwiddie May 29, 2002 - October 28, 2005
George Makassi October 28, 2005 - November 23, 2005
Stuart Jack 23 November 2005 -2010
Duncan Taylor 2010-2013
Helen Kilpatrick 2013-2018
Anwar Chowdhury in 2018
Martin Roper 2018 to date [6]
Georgetown The capital of the Cayman Islands is Georgetown, on the verge of Caribbean Sea On the northwest side, located Grand Cayman Southwest shore.

Major economy

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Financial services industry And tourism is the main income. The Cayman Islands are now Global Financial Centers Index It ranks 26th and is the fourth largest in the world Offshore financial center .
In 2004, the Cayman Islands had a per capita income of 43,800 U.S. dollar Number one in the Caribbean, local currency Cayman dollar The dollar uses 1.227 USD equal to 1 Cayman dollar Fixed exchange rate . Agriculture and industry are underdeveloped. It mainly produces building materials, light industrial products and products related to tourism Processed food . The main crop is Banana , flowers (especially orchid ) for export. Financial services are a major source of economic income. Due to the political stability of Cayman, no foreign exchange restrictions, no collection Direct tax Large foreign companies have come to the island to engage in financial business.
In June 1997, 47 of the world's 50 largest banks had branches on the island. By June 1999, there were more than 41,000 companies, banks and companies registered on the island Trust institution 590, 475 insurance companies.
Transportation: The total length of the road is 406 km, of which 304 km is paved. The main port for shipping is Georgetown. The main international airport is located Grand Cayman the Owen Roberts International Airport And lie at Cayman Brac Girard Smith Airport. Finance: Government Fiscal revenue Mainly from taxes ( Import duty , goods and services tax, etc.). Foreign trade: Income from tourism and finance as well Foreign remittance To make up for the huge Trade deficit . Mainly imported machinery, Transport equipment Fuel and food. Main export fish And flowers.
The Cayman Islands are the best in the world Tax haven One of them. Registered in Cayman Islands in 2009 Hedge fund The total scale is as high as $2.3 trillion, ranking first in the world, and the local population is less than 52,000 people, but the citizens' income ranks 12th in the world, being Organization for Economic Cooperation and Development Listed as aiding illegal tax avoidance Blacklist The living standard of residents in the area is quite high. The government provided excellent welfare measures, and few people lost their jobs.
Provided by the Ministry of Health Medical service There is a hospital in Grand Cayman and a smaller hospital in Cayman Brac. Deaths from tropical diseases are rare. Education is compulsory for children between the ages of 5 and 15, and tuition is free in public primary schools.
The government runs a number of secondary schools. Higher education Cayman Islands International College (1970). There are several newspapers and Radio station And the TV station. Community organization Host theatrical performances and Art exhibition Grand Cayman has the F. J. Harquail Theatre, a major hub for local and visiting groups. Some residents are engaged in craft work, especially from Black coral Made into ornaments.
Cayman Islands, June 2010 Real estate agent The Association (CIREBA) owns 1,995 properties for sale with a total value of more than $1.65 billion. That's about the same as the $1.8 billion total for the same period in 2009. The listings included 184 three-bedroom apartments at an average price of $506,045, 332 two-bedroom apartments at an average price of $450,831 and 580 lots at an average price of $419,903. Between January and June 2010, 198 properties were sold for $98,347,814, with 188 more under contract. During the same period in 2009, we sold 203 properties for a total value of $89,974,359. Someone did a quick analysis that showed the average for 2010 Selling price That's about 7% below the average price in 2009. While CIREBA sales have increased, the story is not the same for the market as a whole. The Cayman Land Registry says land transfers fell by 15% in the first half of 2010. Realtor's Data display For nearly two decades, due to the Global financial crisis For the first time, the impact was substantial Price adjustment Prices in some markets have fallen by 5 to 8 per cent.
Cayman Islands [3]
Due to the limited size of the Cayman Islands, the government allows development Land resources Scarcity, with the future global Economic recovery , Real estate market The trend has steadily climbed.

Transportation aspect

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The total length of the road is 406 km, of which 304 km is pitch Road.
Water transport: Accessible by boat Florida , Jamaica , Costa Rica and Haiti . The main port is Georgetown. 1990 International Volume of freight traffic It was 1.471 million tons. Cayman Archipelagic government construct Cruise ship Dock, stimulate the economy of the Cayman Islands.
Air: There is access Houston , Miami , Kingston , Cuba and Honduras the Scheduled flight . Have two International airport : Owen Roberts and Gerard Smith International Airport. All are available for jetliners, and eight airlines operate here. Between the islands Domestic route . In 1995, 865,597 international passengers passed through Owen Roberts Airport to the Cayman Islands.
Education: Public school Free for students aged 5 to 15 China compulsory education .
Right of habitation : Living and working in the Cayman Islands is very pleasant. Residency applicants are required to meet certain investment and income criteria, so that before obtaining residency in the Cayman Islands, the government first ensures that the applicant has made a contribution to the local area and is able to maintain a comfortable life on the islands.
Applications for residence by persons who have the ability to earn an independent living must be made by the Chief of the Cayman Islands Immigration officer If approved, you will get a 25-year residence certificate, which can be renewed upon approval by the Chief Immigration Officer. There is a limit on the number of people who can take up the residency each year, currently 250 per year.

diplomatically

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Minister of Financial Services, Cayman Islands, May 2023 Andre Ebanks Andre Ebanks visited Singapore and Hong Kong to advance plans to set up an office in one of the cities. It will be the Cayman Islands' first base in Asia. [7]