Found just south of Cuba and also to the north west of Jamaica, the grand cayman island resorts rank as the 5th largest offshore banking centre in the World. Because the 1960s these islands have grown to one of the more popular scuba-diving destinations in the World. They boast spectacular underwater walls, caverns and reefs. Despite as being a British Overseas Territory, the majority of the tourists are Americans. It is only around 90 minutes flying time from Florida. Using its short flying some time and English as being the official language, plus a low crime rate, it is actually no wonder that 1000s of Americans have a Cayman Islands holiday every year.
After getting blown off course while sailing between Panama and Hispaniola (this tropical isle shared by Haiti and the Dominican Republic) in 1503 Christopher Columbus accidentally discovered smaller 2 of the 3 island that now constitute the Cayman Islands. Because there had been a high power of turtles on these islands, Columbus called them ‘Las Tortugas’, which happens to be Spanish for turtle. Both of these islands have become generally known as Cayman Brac and Little Cayman.
The name didn’t last as when Sir Francis Drake sailed through, he renamed them after another animal, the now extinct caimans (associated with crocodiles). The Islands became a part of 15dexrpky British Empire in 1670 within the Treaty of Madrid. The Cayman Islands where then governed being a Jamaican dependency until 1962 when Jamaica became an unbiased country. The Cayman Islands made a decision to remain as being a British Colony.
The previous sea based industries for example fishing and working about merchant ships have been replaced by finance and tourism because the major providers for your Cayman economy, with a lot of locals and expats operating in one or perhaps the other.