The Cayman Islands, comprising the islands of Grand Cayman, Cayman Brac and Little Cayman, is a British Overseas Territory, probably most well known for being an offshore financial centre, which does not tax income, property, corporate earnings, inheritance, retail sales or capital gains, making it a magnet for business: Nearly 68,000 hedge funds, banks and companies are officially domicile in the Cayman Islands
The Islands also boast incredibly beautiful tropical fauna and crystal clear waters, ideal for snorkelling and diving.
The property market is consequently oriented towards offshore businesses and the retirement community.
Area:102 square miles
Currency:Cayman Islands Dollar
Buying property:There are virtually no restrictions on foreigners buying land in the Cayman Islands and the buying process is relatively simple. Upon entering into a contract, a 10% deposit must be paid.
Property taxes & fees:Buyers are required to pay a 7.5% Stamp duty within 45 days of closing.
Cayman Islands property
7th Heaven Properties is the Caribbean property specialist, offering homes, villas, land and commercial real estate for sale from across the entire Caribbean, including the Cayman Islands. Please see our website for all kinds of Cayman property for sale
Labels: buying guide, Cayman Brac, Cayman Islands, Cayman property, Cayman real estate, Grand Cayman, investing, Little Cayman, property taxes