Cayman facing expat exodus in wake of covid-19

clock • 1 min read

The Cayman Islands is facing an unprecedented exodus, as covid-19 induced layoffs coupled with the shutdown of the tourism industry are combining to cause many of the jurisdiction's residents to leave. Almost half the 68,000 population of Cayman is expatriate, with many working in the financial services and tourism industries.  Last week Premier Alden McLaughlin warned the British Overseas Territory could be "at least three to four months." A minimum 11,000 of the total 31,000 expats on...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.