Georgetown, Cayman Islands
| George Town | |
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From top to the bottom and from left to right: The Lighthouse, West Bay Road, Cayman National Bank, 7 Mile Beach, The Ritz-Carlton Hotel, 7 Mile Beach Road, Water Front, The Port, Owen Roberts International Airport.
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 George Town
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| Coordinates: 19°18′12″N 81°23′11″W / 19.3034°N 81.3863°WCoordinates: 19°18′12″N 81°23′11″W / 19.3034°N 81.3863°W | |
| Country |
 United Kingdom |
| Overseas Territory |
 Cayman Islands
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| Island | Grand Cayman |
| Area | |
| • Total | 29 km2 (11 sq mi) |
| Elevation | 3 m (10 ft) |
| Population (2007) | |
| • Total | 28,836 |
| • Density | 990/km2 (2,600/sq mi) |
| Area code(s) | +1-345 |
George Town is a city situated on Grand Cayman island of the Cayman Islands. It serves as the capital of the Cayman Islands, in the British West Indies. As of 2007[update], the city had a population of 28,836, making it the second largest city (by population) of all the British Overseas Territories.
George Town is the heart of the Cayman Islands financial services industry (there are close to 600 Bank and Trust companies in the Cayman Islands). The Caymanian government offices are located in the city.
The Caymanian government offices are located in George Town. These offices include the Legislative Assembly of the Cayman Islands, the Court Houses and the Government Administration Building. The Government Administration Building houses the offices of the Premier and other members of Cabinet, the Deputy Governor and his staff as well as other elected officials and civil servants. The former Old Courts Building located at the corner of Shedden Road and Harbour Drive is now the National Museum of Grand Cayman. The building was built more than 150 years ago and has served the Caymanian government not only as a court building but as a jail and the island's first official Post Office.
George Town's city limits extend from the east at the edge of the South Shore District, north just beyond Owen Roberts International Airport, south to Hog Sty Bay and west to Seven Mile Beach and the West Bay District. George Town's famous Seven Mile Beach is a long crescent of coral-sand beach extending up to the West Bay region of Grand Cayman and is the most popular and populated area for tourists on the island.
The financial services generated CI$1.2 billion of GDP in 2007 (55% of the total economy), 36% of all employment and 40% of all government revenue. The Cayman Islands ranks fifth internationally in terms of value of liabilities booked and sixth in terms of assets booked. It has branches of 40 of the world's 50 largest banks. The Cayman Islands are the second largest captive domicile in the world with more than 700 captives, writing more than US$7.7 billion of premiums and with US$36.8 billion of assets under management. There are more than 9,500 funds under licence with globally recognised legal, audit/accounting and fund administration services (incl. the Big Four auditors). Major law firms such as Maples and Calder have established themselves in the Cayman Islands. Similarly, large accounting firms such as KPMG, Ogier, Ernst & Young and Deloitte are also present. As a result, the Cayman Islands are a leader in captive domiciles, hedge fund registrations and is considered a major international banking centre.
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