Found just to the south of Cuba and also to the north west of Jamaica, the cayman islands vacation rental rank as the 5th largest offshore banking centre on earth. Because the 1960s these islands have raised to one of the more popular scuba-diving destinations worldwide. They boast spectacular underwater walls, caverns and reefs. Despite becoming a British Overseas Territory, the majority of the tourists are Americans. It is actually only around 90 minutes flying time from Florida. Using its short flying time as well as English since the official language, together with a low crime rate, it can be obvious why a large number of Americans possess a Cayman Islands holiday each year.
After getting blown off course while sailing between Panama and Hispaniola (the area shared by Haiti and the Dominican Republic) in 1503 Christopher Columbus accidentally discovered smaller a couple of the three island that now make up the Cayman Islands. Since there was actually a high power of turtles on these islands, Columbus called them ‘Las Tortugas’, which can be Spanish for turtle. Those two islands are now generally known as 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 element of 15dexrpky British Empire in 1670 beneath the Treaty of Madrid. The Cayman Islands where then governed as a Jamaican dependency until 1962 when Jamaica became an unbiased country. The Cayman Islands chose to remain as a British Colony.
The old sea based industries like fishing and working about merchant ships are already replaced by finance and tourism as being the major providers for your Cayman economy, with a lot of locals and expats doing work in one or the other.