MrWeb's MR-a-thon

Beijing to London, via... Everywhere!


Welcome To Cayman Islands
Country number
155
Selected MR Agencies

An Introduction to Cayman Islands

A British overseas territory located in the Caribbean to the south of Cuba, the Cayman Islands comprise Grand Cayman, Cayman Brac and Little Cayman, and are a major offshore financial centre. The islands' name has the same root as the alligator. England took formal control of the islands in 1'70 and created a permanent settlement there in the 1730s. They were separated from the colony of Jamaica in 1962. See full country profile.

Latest Research News from Latin America

Nov 13
Prague-based response:now, which provides AI-powered market research, has launched in the USA and appointed Dr. Frederick Barber as Managing Director of North America. Nov 13 2017
Nov 8
Financial giant American Express has launched a platform called Amex Advance, which uses machine learning techniques to help marketers customize target audiences, personalize experiences and measure their own marketing effectiveness. Nov 8 2017


1 current Latin American job:

Technical Account Manager, Tagging Operations, Puerto Rico, $ salary TBD - (posted Jul 26 2017)
Know of an MR agency based in Cayman Islands? We don't - please get in touch


Fast Facts
Map of Cayman Islands
CAPITAL: George Town
GOVERNMENT: British Overseas Territory
AREA: 264 sq km
POPULATION: 54,878 (2010 Census)
MAJOR LANGUAGE: English
Sun sets on the Caymans
Sun sets on the Caymans


Striking Statistics The Caymans' location means they are afflicted by more hurricane or tropical systems than any other region in the Atlantic basin. According to www.hurricanecity.com, the territory is 'brushed or hit' every 1.65 years, and directly struck by a hurricane every 5.15 years. It was last hit on November 8th 2008 by the 140mph winds of Hurricane Paloma and the site says it's 'one year overdue' for another hit (sic).

A little More Knowledge?
Go to next country



Cayman Islands in Profile

A British overseas territory located in the Caribbean to the south of Cuba, the Cayman Islands comprise Grand Cayman, Cayman Brac and Little Cayman, and are a major offshore financial centre. The islands' name has the same root as the alligator. England took formal control of the islands in 1'70 and created a permanent settlement there in the 1730s. They were separated from the colony of Jamaica in 1962.

The tax-exempt status of the islands is said to be a reward for the islanders' rescue of the crews of ten ships which ran aground in 1794 - they included George III's son Prince William, and the grateful king is said to have promised never to introduce taxes. However, the story is not true according to both history books and the stated opinion of Queen Elizabeth II.

Some Business and General Info

GDP: $2.25bn (2008 est.); per capita $43,800

Religions Protestant 67.7%, Roman Catholic 12.6% (2007)

Currency: Cayman Island Dollar; 1 KYD = 1.25 USD

Telephone Code: +1 345

Research Industry

The UK's association is the MRS...

Overview of Trade and Industry

There is no direct taxation on residents of the Cayman Islands; there are also no taxes on profits, capital gains, or death duties. The government raises money by import taxes on goods which vary from 22% to 42% and by taxes on tourism. This makes the country a haven for offshore financial dealings both legal and illegal. Over the years the Cayman Islanders have managed to avoid bringing in more financial regulation by judiciously making small concessions to the financial bodies in the US and EU. This has allowed the Caymans to become by some measures the fifth largest banking centre in the world.

The other major industry of the islands is the luxury end of the tourist market, which is mostly dependent on travellers from the US. There is virtually no other industry on the islands and 90% of all food and consumer goods have to be imported.

The Cayman Island Dollar (KYD) is pegged to the US Dollar at a fixed rate of 1KYD = 1.25 USD.

My view
from...
Cayman Islands
Researchers Talk!
Have your say!
If you are a researcher based in Cayman Islands, in whatever capacity, then we would love to hear from you!

Email me:
laurence@mrweb.com

Views from...

Went an' did some research in the Caymans? Come an' tell us about it!