Cayman Islands
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</p><p>Cayman islands are British overseas territory located in the western Caribbean Sea constitutes of Grand Cayman, Cayman bract & Little Cayman. It is a global offshore financial service centre & leading tourist scuba diving destinations in the world. </p><p> All three were formed by large coral heads covering submerged ice peaks and are mostly flat in nature. Population of islands is 45000 constituting about 100 nationalities the capital being George Town. Caymanians enjoy one of the highest standards of living in the Caribbean.</p><p> The economy now concentrates on tourism and the financial services. Majority trades are with United States. Their average income is around 42000 & according to CIA world their GDP per capita stands 8th in the world. Caymanians make their own currency called Cayman island dollar. Government generates income from higher import duties, however with few exemptions like books, cameras & baby formula; whereas expensive automobile is charged with highest. Licensing fees are charged to financial institutions along with work permit fees right from lowest to the highest level of chiefs.</p><p> Tourism coupled with scuba diving, marine theme park, hiking, mastic trail for wildlife attractions, museums, art, and culture contributes major portion of their income. Cayman is acting as one of the world’s leading financial centre offering all kinds of offshore financial services.</p><p>