The collection of import duty – taxes on goods brought into Cayman –
remains the single largest source of revenue within the government’s
budget. In tough times, local businesses are trying to come up with
palatable ways to reduce the tax burden.
In the past few years, Cayman Islands officials have touted major new
projects as ways to spark the country’s economy after being battered by
the global financial crisis.
Strolling around George Town at 7 o’clock in the evening can be a
solitary affair. The sidewalks are abandoned, most of the parking spaces
are empty and the only sound is the waves splashing against the harbour
wall and the roar of the trucks on their way to and from the cargo
Data collection for the Cayman Islands 2010 Population and Housing
Census was conducted over the scheduled six-week period starting Census
Day, 10 October, 2010.
Recognising leading organisations that attract and retain employees,
contribute to the community through employee participation programmes,
and create an environment that exemplifies respect, fairness and pride.
There are many benefits to investing in the Cayman Islands, which offers a well-regulated, tax-neutral, offshore business environment. It has a stable government, sophisticated infrastructure and a developed judicial system based on English common law. Effective regulation and a wide range of experienced professional service providers contribute to the favourable business environment.
The world in which we live is constantly evolving. We are demanding more and more from our citizens than ever before and in order to live up to the demands of our country and the world, we need a solid education upon which to base our skills and knowledge.
With the apparent increased confidence in the economy, more employers are looking at ways in which they can retain staff and ensure they keep top talent on board.
Not long ago Caymanian art would not have been considered in an investment context. But times have changed and the Cayman art scene has evolved and grown considerably over the past 10 years. In 1996, when the National Gallery opened, there were serious doubts whether Caymanian
Millions of people use the Internet for detailed research on products and services, to book their holiday, discuss hobbies and interests with like-minded people or to maintain a network of friends and business contacts online.
Cayman is changing. The island has more people, more roads, more buildings, more businesses and more traffic than ever before. Now a committee of planning, environmental, legal and architectural specialists are seeking to create cohesiveness in Grand Cayman’s rampant growth.
“When I came here 30 years ago George Town was just this hub down by Cardinal Avenue, Fort Street and Harbour Drive,” says architect John Doak.“There were a few peripheral government buildings, but most of it was all housing.”
By now, most people who live and work in the Cayman Islands know that the country’s financial situation is looking pretty grim in the short term. They’ve heard the numbers; an $81.1 million operating deficit for the financial year that ended 30 June, another $132 million budget gap expected in the