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Government of the Cayman Islands. Government of the Cayman Islands takes place in a framework of a parliamentary representative democratic overseas territory, whereby the Premier is the head of government, and of a two-party system. [clarification needed] Executive power is exercised by the government.What are the laws of the Cayman Islands?
However, in other areas of law, such as family law, the laws of the Cayman Islands are based upon old English statutes which can cause some difficulty in modern times. Other areas of law, such as international law, are essentially regulated externally through the Foreign and Commonwealth Office in London by Order in Council.Is the Cayman Islands an independent country?
Though they are not an independent nation, the Cayman Islands can also be included in the Greater Antilles. The term "Antilles" comes from medieval European cartography, where it was used to indicate a land that was considered to be mysterious.What kind of economy does the Cayman Islands have?
Cayman Islands are British overseas territory and a notable offshore financial center. The economy of the islands is dependent upon tourism and financial services. The tourism industry targets high end travelers and gather more than 70% of foreign currency earnings and GDP.