Financial business in Cayman Islands - what you need to know

The Cayman Islands are the sixth largest financial service center in the world, and the financial services are the second most important industry for the country. The islands have an excellent reputation in the special business sector for offshore transactions because of their political and economic stability. There are no monetary exchange controls, and the earned capital gains are tax-free in the Cayman Islands.

Even when there exist no monetary exchange controls, there are strict regulations in place against financial crime and money laundering. The financial and banking sectors cooperate with other countries in this matter.

The financial service industry has grown over the last four decades, and today many worldwide financial institutions and fund managing companies have branches here in Cayman. These companies generate and manage all kinds of international financial transactions for hedge funds, captive insurance, and trusts. Another service offered is the management of partnerships and incorporations or registrations of vessels and aircrafts.

This is only a small insight into the cultural customs in the Cayman Islands. Much more to this topic you will find in my book

https://www.amazon.com/Secrets-Caribbean-Islands-Cayman/dp/0986252921

or contact me: andrea@florida-informations.com

Challenge your taste buds in Cayman Islands

After you have tried the local food, you should also give the local beverages a try. For this tour you definitely should make arrangements for your way home, because this tasting tour will make you drunk.

You have different tours to choose from, the brewery tour or the distillery tour.

On Cayman they brew their own beer, and the beer brewery tour gives you the chance to taste these special island beers. The brewery produces five different sorts of beer—a premium lager, a premium light beer, a bock beer, a Pilsen lager, and a stout. On the tour you will taste them all.

This is only a small insight into the cultural customs in the Cayman Islands. Much more to this topic you will find in my book

https://www.amazon.com/Secrets-Caribbean-Islands-Cayman/dp/0986252921

or contact me: andrea@florida-informations.com 

Have you ever thought about diving? Cayman Islands is a good spot to start

The Cayman Islands are one of the diving capitals of the world, say the diving enthusiasts. You will certainly agree when you know how much the islands have to offer in this sport.

There are 365 different diving locations around the islands that you can explore. The diving places are sunken wrecks, coral reefs, or caves. Millions of beautifully colored fish and other marine life await you. You can explore this wonderworld on your own or with a professional guide.

Even when you have never dived in your whole life, you can learn it here on the island. The education options start with snorkeling lessons and end with the professional diving certification. The usual open water diving certification takes three to four days and includes diving trips with instructors.

This is only a small insight into the cultural customs in the Cayman Islands. Much more to this topic you will find in my book

https://www.amazon.com/Secrets-Caribbean-Islands-Cayman/dp/0986252921

or contact me: andrea@florida-informations.com  

Pedro Saint James Castle - Cayman Islands

The oldest existing structure in Cayman is the historic site of Pedro Saint James Castle. The building was constructed with heavy limestones in 1780 by William Eden. The building has eighteen-inch-thick walls with surrounding mahogany verandas.

The house has a quarterly shape with three stories like a tower. Instead of windows allowing sunlight into the house, there are doors on each home side of the house. These doorways can be closed with strong wooden doors. These doors are also an excellent protection against the tropical storms that can blow over the island during hurricane season.

The inside of the house is a little tight for a family, but the second and third floors expand and are surrounded by beautiful mahogany verandas. These verandas offered additional living space.

This is only a small insight into the cultural customs in the Cayman Islands. Much more to this topic you will find in my book

https://www.amazon.com/Secrets-Caribbean-Islands-Cayman/dp/0986252921

or contact me: andrea@florida-informations.com 

How to respect the people in Cayman

When you are on the Cayman Islands, please keep in mind that you are a guest in a foreign country and that the Cayman population has a different cultural background and experience than you do. The best way to make friends and feel comfortable is to observe and adapt your personal behavior during your stay on the islands.

The people of Cayman are always polite and respectful to you. When you meet them on the street, they will greet you with “Good morning,” or “Good afternoon.” That is the best way to start a conversation. If you know the first name of your conversation partner, you can include a “Miss” or “Mister” before the name. That is a respectful way of addressing a person.

As mentioned earlier, the Cayman Islands do not have daylight saving time. That means that when you are, for example, from New York and are on the islands during the winter months, then you do not need to adjust your watch. When you are in the Caymans during the summer months, then you have to turn your watch back one hour, because in New York there is daylight saving time but not in the Caymans.

The usual business hours for shops and other service providers are 8:30 a.m. to 5:00 p.m. on weekdays. Some businesses operate on Saturdays, too, but have different opening hours. On Sundays all businesses are closed. You cannot shop on Sundays, as you may be used to in your home country.

This is only a small insight into the cultural customs in the Cayman Islands. Much more to this topic you will find in my book

https://www.amazon.com/Secrets-Caribbean-Islands-Cayman/dp/0986252921

or contact me: andrea@florida-informations.com