Found just south of Cuba and to the north west of Jamaica, the cayman island condo rank as being the 5th largest offshore banking centre worldwide. Since the 1960s these islands have become to one of the most popular scuba-diving destinations on earth. They boast spectacular underwater walls, caverns and reefs. Despite being a British Overseas Territory, many of the tourists are Americans. It can be only around 90 minutes flying time from Florida. Having its short flying some time and English as the official language, together with a low crime rate, it is no surprise that a huge number of Americans possess a Cayman Islands holiday each year.
Once you have blown off course while sailing between Panama and Hispaniola (the area shared by Haiti along with the Dominican Republic) in 1503 Christopher Columbus accidentally discovered small a couple of the 3 island that now constitute the Cayman Islands. Since there was a high power of turtles on these islands, Columbus called them ‘Las Tortugas’, which can be Spanish for turtle. These two islands have become called 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 (related to crocodiles). The Islands became 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 chose to remain being a British Colony.
The previous sea based industries for example fishing and working about merchant ships happen to be replaced by finance and tourism as being the major providers to the Cayman economy, with a lot of locals and expats employed in one or perhaps the other.