Photo Page 01 ~ Sailing into George Town Photo Page 02 ~ Going to Hell Photo Page 03 ~ Turtle Farm Experience Photo Page 04 ~ Beach and Cracked Conch Restaurant Photo Page 05 ~ Leaving for Cozumel

George Town

George Town is a city situated on the Grand Cayman island of the Cayman Islands. It serves as the capital of the Cayman Islands, in the British West Indies. As of 2007, the city had a population of 28,836, making it the second largest city (by population) of all the British Overseas Territories.

George Town is the heart of the Cayman Islands financial industry, there are close to 600 Bank and Trust companies in the Cayman Islands. The Caymanian government offices are located in the city.

The financial services generated CI$1.2 billion of GDP in 2007 (55% of the total economy), 36% of all employment and 40% of all government revenue. The Cayman Islands currently ranks fifth internationally in terms of value of liabilities booked and sixth in terms of assets booked. It has branches of 40 of the world’s 50 largest banks. The Cayman Islands are the second largest captive domicile in the world with more than 700 captives, writing more than US$7.7 billion of premiums and with US$36.8 billion of assets under management. There are more than 9,500 funds under licence with globally recognised legal, audit/accounting and fund administration services[citation needed] (incl. the Big Four auditors[citation needed]). Major law firms such as Maples and Calder have established themselves in the Cayman Islands. Similarly, large accounting firms such as KPMG, Ogier, Ernst & Young and Deloitte are also present. As a result, Cayman is a leader in captive domiciles, hedge fund registrations and is considered a major international banking center.

Charles Walter Buntjer San Francisco California

Created on: 2014.12.10   Published on: 2014.12.10