Why do rich people go to the Cayman Islands?
Why do rich people go to the Cayman Islands? Why are the uber-rich and wealthy moving to the Cayman Islands? The reasons are many. The Cayman Islands offer an incredible location to live, unparalleled privacy and safety, and one of the best bases to conduct business from.
What are the downsides of the Cayman Islands?
Cons: Very expensive, too built up (in some areas)which can lead to crowds & traffic(but easy to avoid), flat & not very picturesque (unless you're on the beach), crappy exchange rate. agree with all the previous poster's pros... beautiful, crystal clear water, easy to deal with...
Is Cayman Islands high risk?
As a technical result of being placed on the grey list, the Cayman Islands was added to the European Union's (EU) list of high risk third countries for AML/CFT purposes (the EU AML list) on 13 March 2022.
Who owns the Cayman Islands?
The 20th Century: The Cayman Islands, initially administered as a dependency of Jamaica, became an independent colony in 1959; they now are a self-governing British Overseas Territory.
Where should I avoid in Grand Cayman?
Grand Cayman safety is something that almost all first time visitors think about. Fortunately, there aren't any areas that you need to actively avoid.