The Cayman Islands suffers from an undeserved bum rap. Many people automatically associate the Caymans with a haven for tax cheats and financial scams. However, the notion that the Cayman Islands is a refuge for the avoidance of taxes and laundering of money is outdated, unsophisticated and just plain wrong.
The Cayman Islands is a British overseas territory in the western Caribbean, just south of Cuba. Home to about 60,000 people (only half of whom are of Caymanian descent), it is often said that Cayman has more registered businesses than residents.
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