Cayman Islands

Cayman Islands Latest News

A magnitude-7.6 earthquake shook the Caribbean Sea southwest of the Cayman Islands recently, according to the U.S. Geological Survey.

About Cayman Islands

• It is a British overseas territory in the Caribbean Sea located south of Cuba and northwest of Jamaica.
• The Cayman Islands are made up of three distinct, separate islands. Grand Cayman, Cayman Brac, and Little Cayman.
• The Cayman Ridge is an enormous underwater mountain range that is responsible for the formation of the islands. The islands are themselves the peaks of this ridgeline.
• The islands are famous for coral reefs, crystal-clear waters, and white sand beaches.
• Grand Cayman is the largest and the most populous island. 
• In total, the islands cover a small area of just 264 sq. km.
• The capital is George Town, on Grand Cayman.
• Official Language: English
• Currency: Cayman Islands Dollar (KYD)
• Ethnic groups: Afro-European 40%, African 20%, European 20%, other 20%.

Cayman Islands FAQs

Q1. Which country owns the Cayman Islands?

Ans. The Cayman Islands are a British Overseas Territory, owned and governed by the United Kingdom. 

Q2. Is Cayman Islands tax free?

Ans. Yes, the Cayman Islands are often considered a tax-free jurisdiction for residents and businesses, as they have no direct taxes.

Q3. What is the currency of the Cayman Islands?

Ans. The currency of the Cayman Islands is the Cayman Islands Dollar (KYD).

Source: FE