The Cayman Islands are a safe and secure destination
to purchase Caribbean property. As a result of the survey conducted in 1970, every parcel of land in the Cayman Islands is registered.
This protects the buyer with an assurance of title and ownership. The land
registry land is open for public inspection for a fee, allowing potential purchasers
to examine records for liens, charges or other restrictions. The Cayman
Islands have also demonstrated a continued economic stability that
bodes well for the potential investor. Lack of direct taxation, no income
tax, sales or annual property tax, no restrictions on foreign property ownership
and a stable political structure also add to the attractiveness of these islands.
Special concessions for land purchases on Cayman Brac have been introduced by the Cayman Islands government
and further revised a few years ago. This includes the reduced stamp duty rates on the purchase of raw land,
homes, condos and businesses. The government has also waived the stamp duty
fees on importation of some building materials.
Reference, Cayman Islands Customs
Phone: (345) 949-4579
There are also special concessions for first time Caymanian buyers. Your Tranquil Realty agent will be happy to assist you with
further information regarding this
Financing of 50-80% of the purchase
price is available locally to qualified purchasers through various banking
institutions throughout the islands.
General Information and Activities
Owing to near idyllic year round land and water conditions, activities in the Cayman Islands are abundant and outstanding. Diving and snorkeling conditions are exceptional almost every day of the year, reaching horizontal visibility often in excess of 100 feet. Activities particularly unique to the sister islands include bird watching on Cayman Brac and Bone Fishing on both Cayman Brac and Little Cayman. Nature and tranquility tend to trump technology and thrill-seeking on the sister islands, though mountain (brac cliff) climbing, diving, sailing and fishing are even more prevalent and perhaps even more spectacular on the sister islands, depending on your preferences. Both sister islands are far less populated than Grand Cayman, where there are substantially more restaurants, stores and activities, making them the perfect place to go to escape the madness of everyday life and reconnect with nature.
Cayman Islands Activity Article by Cayman Activity Guide Magazine
Phone: (345) 947-5431
Website: Cayman Activity Guide Magazine