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CarHire4Lower
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Cayman Islands
Searching for car hire is never much fun. That is why
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The
Cayman Islands were colonized from Jamaica by the British
during the 18th and 19th centuries, and were administered
by Jamaica after 1863. In 1959, the islands became a territory
within the Federation of the West Indies, but when the
Federation dissolved in 1962, the Cayman Islands chose
to remain a British dependency.
With
no direct taxation, the islands are a thriving offshore
financial center. More than 68,000 companies were registered
in the Cayman Islands as of 2003, including almost 500
banks, 800 insurers, and 5,000 mutual funds. A stock exchange
was opened in 1997. Tourism is also a mainstay, accounting
for about 70% of GDP and 75% of foreign currency earnings.
The tourist industry is aimed at the luxury market and
caters mainly to visitors from North America. Total tourist
arrivals exceeded 2.1 million in 2003, with about half
from the US. About 90% of the islands' food and consumer
goods must be imported. The Caymanians enjoy one of the
highest outputs per capita and one of the highest standards
of living in the world.
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