The Cayman Islands
are comprised of three islands covering an area of 100 sq. miles - Grand Cayman,
Little Cayman and Cayman Brac. The three flat islands are peaks of a range of
submarine mountains. The natural coral reefs and surrounding deep waters offer
some of the best scuba diving in the world.
The Cayman Islands are located
150 miles south of Cuba and approximately 500 miles from Florida. George Town,
the capital, is located on Grand Cayman.
Tourism accounts for 70 percent
of GDP. It's pristine and uniquely beautiful marine environment and tropical climate
attract nearly one million visitors to the islands annually.
the 1960s Cayman was often referred to as "the islands time forgot" and the economy
of the country was limited to fishing and income earned by Caymanian seamen working
in North and Central America. Significant foresight, effective planning and the
enactment of the necessary legislative framework by the Government in the late
1960s positioned Cayman for phenomenal growth in financial services.
islands' political stability, the absence of direct taxation and foreign exchange
controls, complemented by a well-established legislative and strict confidentiality
laws, have established the Cayman Islands as one of the premier financial centres,
ranking fifth in the world.
The bank commenced operations in the Cayman
Islands in 1964 with the opening of a branch in George Town.
Financial Group provides a full range of financial services to domestic and international
clients through three entities:
RBC Royal Bank
of Canada - Provides commercial and consumer lending and deposit services
to domestic and international clients through two retail units, the main branch
in downtown George Town and a second branch on the world famous Seven Mile Beach.
Royal Bank of Canada Trust Company (Cayman) Limited
- Provides Global Private Banking, trust and company management services in all
major currencies to international clients. Click
here for more information
RBC Dominion Securities
Inc. - Is a personal, private, professional full-services investment dealer.
Click here for more information
RBC Royal Bank of Canada has two branches and RoyalTouch®
Automated Banking Machines in the Cayman Islands, as well as Royal Bank of
Canada Trust Company (Cayman) Limited, and RBC Dominion Securities Inc.