The Cayman Islanders enjoy a standard of living among the highest in the Caribbean. With no direct taxation, the Cayman Islands is a thriving offshore financial center. More than 40,000 companies were registered in the islands as of 2000, including almost 600 banks and trust companies; banking assets exceed $500 billion. The three islandsa€“Grand Cayman, Cayman Brac, and Little Cayman together contain only about a hundred square miles of land. That would make the area 1.5 times the size of Washington D.C. The seas here is clear as gin. There are miles of virgin reefs, spectacular coral canyons, abundant underwater wildlife....

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