An important consideration in any Cayman Islands real estate investment decision - be it a retirement home, vacation home, or financial investment - is to understand the structure of the Cayman Islands Government, its political parties and special interest groups, and its Diplomatic Representation. The following information should be utilized as an introductory outline of government's role in Cayman Islands Investment Climate.
Country name:conventional long form: none conventional short form: Cayman Islands
Dependency status:overseas territory of the UK
Government type:British crown colony
Capital:name: George Town (on Grand Cayman)
Geographic coordinates: 19 18 N, 81 23 W time difference: UTC-5 (same time as Washington, DC during Standard Time)
Administrative divisions:8 districts; Creek, Eastern, Midland, South Town, Spot Bay, Stake Bay, West End, Western
National holiday:Constitution Day, first Monday in July
Constitution:1959; revised 1962, 1972, and 1994
Legal system:British common law and local statutes
Suffrage:18 years of age; universal
Executive branch:chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor Stuart JACK (since 23 November 2005) head of government: Leader of Government Business Kurt TIBBETTS (since 18 May 2005) cabinet: Executive Council (three members appointed by the governor, four members elected by the Legislative Assembly) elections: the monarch is hereditary; the governor is appointed by the monarch; following legislative elections, the leader of the majority party or coalition is appointed by the governor Leader of Government Business
Legislative branch:unicameral Legislative Assembly (18 seats; 3 appointed members from the Executive Council and 15 elected by popular vote; to serve four-year terms) elections: last held 11 May 2005 (next to be held in 2009) election results: percent of vote by party - NA; seats by party - PPM 9, UDP 5, independent 1
Judicial branch:Summary Court; Grand Court; Cayman Islands Court of Appeal
Political parties and leaders:United Democratic Party or UDP [McKeeva BUSH]; People's Progressive Movement or PPM [Kurt TIBBETTS]; note - no national teams (loose groupings of political organizations) were formed for the 2000 elections
International organization participation:Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate), UPU
Flag description:blue, with the flag of the UK in the upper hoist-side quadrant and the Caymanian coat of arms centered on the outer half of the flag; the coat of arms includes a pineapple and turtle above a shield with three stars (representing the three islands) and a scroll at the bottom bearing the motto HE HATH FOUNDED IT UPON THE SEAS
Courtesy of the CIA World Fact Book
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