Economic Overview & Business Opportunities
The Cayman Islands are located in the Western Caribbean, south of Florida and Cuba and west of Jamaica. This British Overseas Territory is comprised of three islands; Grand Cayman, Cayman Brac and Little Cayman and have a combined population of approximately 60,000.
The official language of the Cayman Islands is English with the legal system based on the British system. Due to its strong links with the UK the Cayman Islands is considered very politically stable, protected and safe. The Cayman Islands has one of the highest standards of living in the Caribbean with a GNP per capita of around US$49,000. The infrastructure on the Caymans is excellent with good communication facilities and a well established transport system.
The Cayman Islands has experienced significant growth in the past five years. The population has increased by 5.8 percent since 2010 with Cayman’s Economic and Statistics Office reporting that there were 58,238 persons residing in the Cayman Islands at the end of 2014. In 2015, Cayman reached the 60k mark, with the official population statistic at 60,412 with about 56.7 percent of the population from the Cayman Islands and the remaining percentage overseas nationals. There is remarkable diversity within this group, as the foreign nationals domiciled in Cayman represent about 135 countries. It is not surprising that infrastructural development is also thriving in Cayman. New commercial and residential properties have mushroomed along the Seven Mile Beach (SMB) corridor and along the outskirts of George Town. 18 Forum Lane in Camana Bay was completed in 2015: offering 85,000 square feet of energy efficient commercial and retail space, the building is due to receive LEED gold certification.
- Notary Public Services
- Human Resource Management
- UK Passport Applications / Renewals
- USA Visa / Waiver Applications
- Payroll Services (CONSTRUCTION COMPANIES)
- Bookkeeping Services
- Corporate Administration
- General Correspondence
- Last Will and Testaments / Trusts
- Property Valuations /Appraisals
- Bank Mortgage loans /documents review
- Immigration / Work permit applications
- Permanent Residency Application Appeals
- Commercial Debt Collection
- Repossessions / Demand Service Notices