Cayman Islands

Located in the western Caribbean Sea, the territory comprises three main islands rising from the Cayman Ridge, situated south of Cuba and north of Honduras. As a British Overseas Territory, it functions as a major offshore financial center, attracting international businesses and wealthy individuals through a favorable tax regime that imposes no income tax. This economic model supports a high standard of living, with a GDP per capita of approximately $97,750 in 2023, ranking it among the highest globally. The population, estimated at nearly 88,000 in 2024, includes immigrants from over 140 countries, contributing to a diverse cultural landscape centered around the capital, George Town.