15 THINGS YOU DIDN’T KNOW ABOUT THE CAYMAN ISLANDS
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Hello Aluxers and welcome back to another amazing video.
Today we’re exploring the beautiful Cayman Islands which sets between Cuba and Jamaica.
The Cayman Islands are now a British overseas territory,
but remain uninhabited until the 17th century.
而后 开曼群岛经常会有遇难的水手 海盗
After that, it was often used by shipwrecked sailors, pirates,
and those deserting Cromwell’s army in nearby Jamaica.
England took control after the Treaty of Madrid in 1670,
and established a permanent English-speaking community.
Now the islands are known for being a tax-exempt destination.
The government has never levied income tax or any other wealth tax.
So it’s a very popular destination for wealthy business people
who want to maximum their income.
Because Alux.com is dedicated to becoming the world’s best resource
on the world’s most beautiful and interesting destinations,
here are 15 things you didn’t know about the Cayman Islands.
1. Residents of Cayman have King George Ⅲ to thank for their no-tax status.
In 1794, a convoy of ships from England were wrecked on the islands rocks,
but the permanent settlers rescued the crews.
Apparently, there was a member of British royal family on board who would have died.
So King George Ⅲ declared that the Cayman Islands residents
would not be taxed in reward for their kindness.
He also decreed that they wouldn’t have to sign up for military service.
2. The first recorded inhabitant of the Cayman Islands was Isaac Bodden.
The very first inhabitants on the island were rumored to be two men called Walters and Bodden.
They were assumed to have come from Jamaica where Oliver Cromwell’s army was stationed.
1658年 当他们到达开曼海岸时 本会成为逃兵
And they could’ve been deserters when they arrived on the shores of Cayman in 1658.
The first person to be born on the island was Bodden’s son— Issac.
But that begs the question—who was his mother?
3. Turtles first attracted settlers to the islands.
Christopher Columbus saw the Cayman Islands in 1503,
and remarked on the number of sea turtles,
so he named them Las Tortugas.
Sir Frances Drake made a similar observation when he arrived in 1586,
remarking that the island was edible,
and had abundance of turtles for his crew to tuck into after years at sea.
Overfishing nearly wiped turtles out completely,
so they are now protected.
There’s even a specific turtle breeding farm
that educates visitors on the importance of this marine animal.
4. The largest house in the Cayman Islands,
costs 59.5 million dollars.
Castillo Caribe 为软件行业百万富翁杰瑞·贝克所有
Castillo Caribe, is owned by software millionaire Jerry Beck
and sets right on the beach.
房屋里面 是极高的天花板 有一个精致的厨房
Inside, it has impossibly high ceilings, an extravagant dining room,
a home cinema, a billiards room,
and a man-made grotto for an atmospheric nighttime soak.
The Cayman Islands is home to many extravagant homes and residences.
But this is the biggest and most expensive by far.
If you want to know more about the world’s richest people,
why not watch our videos about the 10 Richest Widows in the World.
5. You need to be fairly rich to be allowed to live in the Cayman Islands.
It’s not just property prices that are keeping us mere mortals away.
To gain citizenship and residence in the Cayman Islands,
you need to be earning $120,000 a year without working locally.
You’ll also need to be willing to invest a further half million dollars.
In what we’re not too sure but it’s completely non-negotiable.
6. It’s actually easier to hide your money in a Swiss Bank Account
than in the Cayman Islands.
The Cayman Islands are only the second most significant tax haven in the world.
The number one is actually Swizerland.
There’s much more jurisdiction involved in securing a Cayman Island fund,
but it’s the fourth safest tax haven in the world.
So many think it’s worth it.
Regardless of how safe it’s considered to be,
two Cayman Island financial institutions were found guilty,
of hiding 130 million dollars illegally in 2016.
It’s not clear what their punishment will be yet,
but they’ll no doubt be back up and running in no time
to serve the good people of Cayman Islands and their ill-gotten fortunes.
7. One of the Cayman Islands’ most famous residents
has been known for his very controversial investment.
United States born Kenneth Dart,
is the owner of both Dart Container Corporation and Dart Management,
and worth approximately 6.6 billion dollars.
You couldn’t exactly described him as self-made,
because he inherited the business from his father.
But he’s definitely taken it into some extremes.
Dart Management, is known as a vulture fund,
and has profited from both the 2012 Greek Financial Crisis,
and the 2001 Agentinian Financial Crisis.
Dart, is now known as enemy No. 1 of Argentina for his dodgy dealings.
8 在开曼群岛 你可以参观“地狱”
8. You can visit ‘HELL’ on the Cayman Islands.
Thought to be heaven by many because of its beautiful beaches,
you can actually visit an area called ‘Hell’ while you’re there.
The attraction is a group of black limestones formations in Grand Cayman.
And it has it’s own red painted post office with ‘Welcome to Hell’ written on it.
The name originally stuck
because the black stones make the area appear like what hell must look like,
according to visitors.
Caymanian society is actually quite religious though.
So there are bible quotes positioned in opportune places.
9. There are more registered businesses than people on the island.
The Cayman Islands has a relatively small population of 56,000 people.
But because of its lenient tax laws,
there are 100,000 businesses that call the Cayman Islands their home.
Cayman’s status as a financial center means
that there are plenty of employment opportunities for accountants and lawyers.
So it’s not all shitty business people trying to relax on the beach.
10. The islands are still ruled by The Queen and they absolutely love it.
The monarch of the Cayman Islands is the Queen Elizabeth Ⅱ,
who also chooses a governor to look after the islands and oversee the government there.
Like a lot of Commonwealth nations that are geographic separate from the UK,
their love of all things British is much more intense.
Citizens celebrate the queen’s birthday every year with a military march and the afternoon tea.
11. The islands have experienced the most hurricane strikes in history.
One of the most recent examples was Hurricane Ivan,
which had disastrous impact on country in 2004.
The floods that were caused nearly split the island in two.
Despite the fact that many of buildings have been built to withsand hurricane level gales,
85% of the Islands’ buildings were destroyed,
and 2 people were killed.
Thanks to the Islands’ vast wealth though,
they were able to rebuild entirely within 2 years.
12. The winner of Miss Cayman Islands also wins a three-year education scholarship.
在开曼群岛小姐竞选中获胜 不仅意味着周游世界 做泳装模特
Winning Miss Cayman Islands doesn’t just mean you get to travel the world and model swimsuits.
The lucky winner also gets to have her bachelor’s degree,
or three years of education at any other level,
all paid for.
The most recent winner, Monique Brooks,
used her scholarship to gain the master’s degree in hospitality and tourism.
13 在2016年 一位大巴司机被空运至开曼群岛
13. A bus driver was airlifted to the Cayman Islands
for life-saving heart surgery in 2016.
Bus driver Tyron Coleman, received treatment in Belize and Mexico for his heart blockage,
but could only been saved when he arrived at Health City in the Cayman Islands.
The 10-hour operation clear the blockage in his heart,
ended his chest pains and lowered his risk of cardiac arrest.
All health care in the Cayman Islands is private.
And they were the first country in the world to make health insurance
obligatory for all citizens by law.
14. If you wreck your Lamborghini on a road in the Cayman Islands,
you have to tow it yourself.
The Royal Cayman Islands police service do not tow crashed cars,
because they don’t view it as their responsibility
unless the car is considered to be evidence in a serious incident.
Removing recklessly driven super cars is left, to the no doubt wealthy owner.
And if the department of the environment and health have to tow it anyway,
it will be done at the owner’s expense.
There must be a lot of Ferrari debris littering the highways.
15. There’s still a lot of crime in the Caymans,
despite the population being small.
Theft and burglary are the most common crimes in the Cayman Islands.
In part, because there are so many expensive houses to break into.
Violent crime is much lower, and confusingly,
there were 26 incidents of insulting the modesty of a woman in 2016.
One of the most recent shakeups in Cayman Law Enforcement concerns child-abuse.
Earlier in 2017, three UK child-abuse investigators
were enlisted to come to the islands and review their investigations,
because they were considered grossly incompetent.
Known for its tax heaven status and its streets been paved with proverbial gold,
there’s much more to this group of islands than meets the eye.
It’s a scuba-diving paradise,
has gorgeous scenery and it’s more British than Britain.
Many of the Islands’ residents are big bankers and business owners.
But you don’t have to be a billionaire
to pay the island a visit and see the turtles for yourself.
If you could jet off to this stunning Cayman Islands
and put all of your money in one of their tax free bank accounts,
what would be your first priority?
Buying a Ferrari and wrecking it,
being sure to pay for to be towed away yourself?
Or drawing up the plans for your mega mansion on the beach?
Oh you’re still here?
Well here’s another fact about the Cayman Islands that you might not be aware of.
There are no casinos on the Cayman Islands.
You would think that an island full of rich people would have a few casinos,
but that’s not the case.
Gambling is illegal in the offshore territory.
So you’ll have to get your ‘fix’ somewhere else.
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