Market Research In Cayman Islands

Cayman Islands Profile:

  • The Cayman Islands is an autonomous British Overseas Territory in the western Caribbean Sea.
  • The country is often considered a major world offshore financial haven for international businesses and many wealthy individuals.
  • On 11 September 2004 the island of Grand Cayman, which lies largely unprotected at sea level, was hit by Hurricane Ivan, which damaged the infrastructure greatly.
  • More than 93,000 companies were registered in the Cayman Islands as of 2008, including almost 300 banks, 800 insurers and 10,000 mutual funds.
  • On 15 July 2012 one of the Cayman Islands’ former Premiers McKeeva Bush announced the intended introduction of a “community enhancement fee” in the form of a payroll tax to be paid solely by expatriate workers.

Cayman Islands Economy:

  • Caymanians have the highest standard of living in the Caribbean, with an average income of around $56,400.
  • Cayman Islands GDP per capita is the 14th highest in the world. Nearly 90% of the islands’ food and consumer goods must be imported.
  • The government’s primary source of income is indirect taxation: there is no income tax, capital gains tax, or corporation tax.
  • Tourism is also a mainstream of economy, 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.
  • The government has established a Needs Assessment Unit to relieve poverty in the islands.

Cayman Islands Facts:

  • Population: 58,441
  • Capital: George Town
  • Largest city: George Town
  • Area: 264 sq km
  • Major language: English (official) 90.9%, Spanish 4%, Filipino 3.3%, other 1.7%
  • Major religion: Protestant 67.8%, Roman Catholic 14.1%, Jehovah’s Witness 1.1%, other 7%
  • Life expectancy: 78.6 years (Male), 84.1 years (Female)
  • Monetary unit: 1 Cayman Islands Dollar(CI$, KYD) = 100 Cents
  • Main exports: Turtle products, manufactured consumer goods
  • GNI per Capita: $58,808.2

Our Market Research Services in Cayman Islands:

We Employ A Wide Range of Research Techniques in Cayman Islands:

How Can We Help You?

Contact us at Global Vox Populi and submit a business inquiry online.

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