Grand Cayman
Just what makes Grand Cayman grand? Grand Cayman is, as the name suggests, the largest of the three Cayman Islands. This is true not only in terms of size, but also in the number of attractions it offers. The 76-square-mile island, approximately 22 miles long and eight miles at its widest point, is chock-full of luxurious hotels and condominiums, beach bars, fine restaurants, duty-free shops, and plenty of soft adventure ranging from sunset cruises to scuba diving with stingrays.
This is the center of Cayman’s tourism industry, the destination of most travelers. Within the island, most vacationers head to Seven Mile Beach, home to the lion’s share of hotels and condominiums. This legendary beach is one of the best in the Caribbean.
Offshore Banking
One of the first things you’ll notice about Grand Cayman is its affluence. Don’t look for beach vendors or hair braiders along Seven Mile Beach – they’re prohibited in this nation. The Cayman Islands enjoy one of the highest standards of living in the hemisphere, so expect to see nice cars, wellmaintained streets, and signs of prosperity. Much of that affluence comes from its successful tourism industry, 70% of its national product. Most visitors arrive from the States, although which part of the US varies by time of year. During the winter season, many come from the East and Midwest; in hot summer months a great number of Texans and Southerners make their way to these islands, which are cooler than their own home states during that time.
Offshore financial services play an integral role in the islands’ success as well. Grand Cayman has over 500 licensed banks (including 47 of the 50 largest banks worldwide). Banking secrecy laws passed in 1966 laid the groundwork for this profitable industry that today ranks the small island as the fifth largest financial center in the world, surpassed only by London, Tokyo, New York, and Hong Kong.
Offshore insurance companies are also a growing business. Nearly 400 offshore insurance or captive insurance companies make their base here (captive insurance companies are set up by a company or a trade association to serve its members or employees). Thanks to Cayman Islands’ generous tax-free status, many other companies choose to incorporate in the islands; currently almost 30,000 companies are registered here.
A Cayman Bank Account
Just what is a Cayman bank account? Some are, as might be expected, multi-million-dollar accounts, while others are much smaller in scale. Both take advantage of the tax-free status and confidentiality laws. These laws protect all reputable transactions as a means for earning tax-free interest. You can open an account once the Caymanian bank receives a reference from your home banker, then you can deposit funds (in US dollars, if you like). Unlike some countries, there is no exchange control and your money can be moved in and out of the country freely and privately.
Because of the banking and offshore insurance industries, you’ll notice that Grand Cayman has a different atmosphere than many other Caribbean islands. Here you’ll find many returning guests, folks who are required by corporate charter to meet several times a year on the island (what a tough break!). You’ll meet many Americans who own property on Grand Cayman and live part of the year on the sunny isle. You’ll also see many people combining a business trip with a few days of R&R.
Fun-in-the-Sun
But don’t think that this is a suit-and-tie island; Grand Cayman is as laid-back as any other fun-in-the-sun site.
So where to start? If you arrive by air or cruise ship, you’ll start off in George Town, the capital of the island and the center of its business, transportation and shopping industries. From George Town, most visitors head to Seven Mile Beach, the center of the tourism industry, filled with luxury hotels, condominiums, restaurants, dive operators, and more.
Orientation
Grand Cayman is an easy island to navigate and most travelers find that within a day or two they’re ready to do a little exploring. Getting from A to B, whether on foot, by taxi, or in your rental car, is easy. Good maps are available from the tourist board as well to help your discovery. The best way to get an overview on your first visit is an island tour (see above). Once you’ve got the lay of the land, you’re ready for a more intense look at the people and places that make Grand Cayman such an international destination.
George Town
This is the hub of the island. To really know the island you’ve got to tear yourself away from the white sands of Seven Mile Beach (at least for a little while) and explore this community. As the capital of the Cayman Islands, it is home to over half of the 30,000 residents of Grand Cayman and the base for most of the business and government activity. Don’t look for a bustling city, however; George Town is still very much an island community where you’ll feel at home strolling the streets, eating at a seaside diner, and enjoying watersports just as you would in the resort areas of Seven Mile Beach.
George Town, on the island’s southwest corner, faces west and overlooks Hog Sty Bay and the George Town Harbour, a busy port where on any given day you’ll probably find cruise ships, as well as working vessels.
Much of the activity in George Town takes place along North and South Church Streets, which run north-south parallel to the shoreline. These roads face out to the harbor and are lined with dutyfree shops, restaurants, and tourist-oriented businesses. The traffic light where South Church Street forks right onto Shedden Road or continues onto North Church Street (an intersection near the cruise terminal) is the heart of town. Just north of the cruise terminal, you’ll see the intersection of Harbour Drive and Cardinal Avenue. Cardinal Avenue is the home of many duty-free shops.
Just south of the intersection with Cardinal Avenue lies the Shedden Road. Shedden Road heads east and soon becomes Crewe Road, which intersects with Owen Roberts Drive, the road to the airport. If you don’t take the Owen Roberts Drive fork but veer right, you can stay on Crewe Road and head to the eastern part of the island.
East of the shoreline, government buildings and banking centers carry on the work of the Cayman Islands, helping the nation hold its spot as one of the major monetary centers of the world. Farther east is the airport, on the edge of North Sound, the shallow body of water that divides George Town, Seven Mile Beach, and the West End from the less developed East End of the island.
South of town, South Church Street winds its way through elegant residential districts, lined with beautiful seaside homes and a few quiet businesses.
East End
East of George Town lies, predictably enough, the East End. One main road circles the entire East End, running east from George Town, tracing the shoreline as it snakes through small communities such as Bodden Town and Spotts. This road turns north at the end of the island and begins to trace the northern edge of the island, but you can take a shortcut halfway down the island on the Frank Sound Road, the route to the Queen Elizabeth II Botanic Park. When it comes out on the north side, the road travels west to Rum Point, a popular destination with vacationers who arrive by ferry from Seven Mile Beach and enjoy a day of fun in the sun. South of Rum Point, Cayman Kai is a quiet residential area filled with beautiful, expensive homes. Rum Point and Cayman Kai look west across the vast, shallow North Sound.
Seven Mile Beach
Across the North Sound from Rum Point and Cayman Kai lies a long stretch of land that is the main destination for most Cayman Islands vacationers. This is Seven Mile Beach, which sprawls north of George Town, sandwiched between the sea and the North Sound. This narrow strip of land may be small but it’s not short on accommodations and restaurants; this is the heart of vacationland. Here dive shops, watersports operators, beach bars, sportswear shops, and fine restaurants stand shoulder to shoulder, separated by some fine-needled casuarina trees. They look out on a calm, baby-blue sea that covers some of the top scuba diving sites in the world.
North to south along Seven Mile Beach runs West Bay Road, the main thoroughfare and one that can sometimes get downright crowded. Along this road you’ll find the lion’s share of Cayman's tourism business.
Along Seven Mile Beach, Grand Cayman narrows to a skinny stretch about a mile wide, bordered by the beach on the west and North Sound to the east. On its eastern edges, the sea forms a rugged boundary, at some points etching into the land with salt creeks and harbors. The largest harbor along this stretch of North Sound is Governors Harbour, where Governors Creek offers a maze of natural and man-made canals. Today it’s lined with luxury lots and lavish homes, as well as the Cayman Islands Yacht Club.
West Bay
Finally, Seven Mile Beach ends in West Bay, the clump of land on the westernmost side of North Sound. This area is the home of the Cayman Turtle Farm, one of the most popular attractions with cruise tour operators and a great spot for families.
Traveling north from Seven Mile Beach along West Bay Road, the name of the road changes to North West Point Road and follows the coastline, becoming more and more residential. At the Cayman Turtle Farm, a less traveled road traces the far northern edge of this region, continually switching names along the route: Boatswains Bay Road, King Road, Birch Tree Hill Road, Conch Point Road, Palmetto Point Road. Traveling west, houses become fewer and fewer and the area gives way to a swampy habitat.
Or you can turn away from the coast and head to the inland area of West Bay and to a community called Hell, a popular stop on island tours. Follow Hell Road East onto Reverend Blackman Road and then Batabano Road to North Sound and the fishing community of Batabano. This is the home of Morgans Harbour, starting point for many deepsea fishing cruises and some tours of Stingray City. It’s not as glitzy as Seven Mile Beach, but offers an interesting look at the working side of Grand Cayman.