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ARTICLE · 18 MARCH 1998

Investment In The Cayman Islands - 1.Introduction

Cayman IslandsWealth Management

GEOGRAPHICAL BACKGROUND

The Cayman Islands are a group of three islands, Grand Cayman, Cayman Brac and Little Cayman, situated in the western Caribbean 475 miles south of Florida in the United States and 200 miles north west of Jamaica. The capital, George Town, is on Grand Cayman and is the government, business and financial centre. The resident population of the islands is approximately 33,000 with 32,000 residing on Grand Cayman. English is the official language.

GOVERNMENT AND CONSTITUTION

The Cayman Islands are a British Crown Colony and, as such, are the responsibility of the British Government in London. However, for all practical purposes they are governed under a constitution which gives executive and legislative power to a Governor, an Executive Council and a Legislative Assembly. The islands, therefore, enjoy a large measure of self government.

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