The Cayman Islands are a British Overseas Territory (Crown Colony). The capital, George Town, is a Category One port of British Registry, able to register vessels of any size, age or type (except commercial fishing vessels), and ships registered here areBritish ships entitled to fly the Red Ensign and entitled to all the privileges of a British ship. George Town is the world's largest registry for yachts over 100ft in length as well as having many commercial ships registered.
The Cayman Islands has become one of the world's leading offshore financial centres based on its political and economic stability, excellent communications, zero tax, highly developed infrastructure, full range of professional advisers and service providers with depth of experience, a sound judicial system and a flexible and progressive system of law based on English principles. The Cayman Islands is one of the leading offshore jurisdictions for banking, mutual funds, insurance companies, structured financing,
