Economy and Infrastructure

The economy of the Islands is strong, enjoying full employment with most of the revenue being derived from the financial services sector and tourism. There are excellent telephone, fax and telex facilities with direct dialling to and from the rest of the world. Grand Cayman is served by various airlines including the national carrier Cayman Airways, British Airways, Northwest Airlines, American Airlines, USAir and Air Jamaica. Miami is one hour away by air and the Island has direct air links with the United States, the Caribbean and the United Kingdom.

The Cayman Islands provide efficient postal service to the United States, Europe and other parts of the world. Federal Express and DHL courier services both have their own fully staffed offices in Grand Cayman and can provide quick delivery to the world's financial centers.

All the above-mentioned modern facilities attract financial clients from all over the world, facilitate international transactions and provide instant connection with international stock markets. Highly developed telecommunications and infrastructure played the great role in the fact that the Cayman Islands are now recognised as an offshore financial center of major importance to international commerce.