Haseeb Awan 

11 facts about Cayman Island

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I was in Cayman Island recently and was fascinated by how developed it is. Sharing some of the interesting facts here

1 – Cayman has its own currency; the Cayman Island Dollar (CI$). This is tied to the U.S. dollar and does not fluctuate from it. The cash exchange rate is CI$1.00 = US$1.25.

2 – There is no income tax, capital gains tax, or corporation tax. There is a 10 percent government hotel tax and a stamp duty ranging from 7 ½ to 9 percent on the value of real estate at sale. A departure tax of CI$20 is also collected when you leave the Caymans
3 – Grand Cayman is the 5th largest financial center in the world. It ranks after London, Tokyo, New York and Hong Kong.

4 – There are more than 449 banks and 115 trust companies licensed in the Cayman Islands.

5 – There are no casinos on the Cayman Islands.

6 – You will see equal number of left hand and right hand cars.

7 – The world-famous ‘Seven Mile Beach’ is actually only 5.2 miles long.

8 – There are no embassies in Cayman Island but 13 consulates.

9 – The birthplace of recreational diving. There’s over 150 diving sites on Grand Cayman Island. The island will soon have 365; one for each day.

10 -There is a place called Hell in Cayman Island.

11 -The Cayman Island Turtle Farm is home to 16,000 green sea turtles at any given time.

I have posted few pictures at my facebook page.

Cayman Island

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