Introduction

Located around 500 miles south of Miami, the Cayman Islands are a British overseas territory and forming a major financial center in the Caribbean due to no income, capital gains or corporation tax. The government’s primary source of income is indirect taxation. With an estimated population of about 65,000 people (2008), the islands represent a mix of more than 100 nationalities whereof about half are of Caymanian descent.

In the heart of paradise, the Cayman Islands have some of the best diving and snorkeling places in the world. Grand Cayman is the largest of the three islands and offers a huge variety of opportunities for real estate buyers. Starting from luxury condominiums to beach homes or cottages. Grand Cayman has one of the best and most diverse property offerings in the Caribbean.

Purchasing land in the Cayman Islands is a simple process and in contrary to other governments the Cayman Islands guarantee the land title without any restrictions on foreign ownership. There is a one time government Stamp Duty applicable ranging between 2% and 7.5% of the property value dependant of the location on the island and the status of the purchaser.

 
Real Estate Cayman Agents