Buying Property in the Cayman Islands

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.

Capital:George Town

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: , , , , , , , ,