Two Sides of Cayman: Number one for offshore deals, 1000 families on welfare

According to this recent report on Mergers and Acquisitions by an offshore services provider, in the 2nd quarter of 2013 the Cayman Islands was the top destination for offshore deals.

According to this report on the Cayman News Service website “almost 1,000 homes are receiving direct financial help from government on a long term basis and almost 1,800 more households are receiving some other form of assistance”. For context, the population of the Cayman Islands is 57.000, meaning that – as a very conservative estimate – at least 10% of the population need some sort of government support.

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