The Cayman Islands have for many years enjoyed a thriving economy. Growth in population and tourism fuels the success of investments making investing in the Cayman Islands a profitable venture.
One significant factor in deciding to invest and/or reside in the Cayman Islands is that there is no direct taxation whatsoever. Reputable legal and accounting professionals are readily available to advise you on your offshore investments.
With no direct taxation, the islands are a thriving offshore financial center.
One key advantage of doing international business in Cayman is that the intellectual resources in all ventures relating to global finance are readily available from experienced practitioners.
In fact, few other international financial centers come close to matching Cayman’s professional resources.
British Dependency status assures investors of the Islands stability and, Cayman is signatory to international treaties and conventions and attracts the world’s most respected firms and investors.
The Cayman Islands real estate market is uniquely attractive to those looking for an overseas holiday get-away, or a retirement residence.
For foreign investors, it can offer a solid capital return on their investment, as well as the chance to own a secluded piece of “paradise”.
There are a wide variety of investment opportunities in the Cayman Islands from residential to commercial properties ranging from a small, secluded Caymanian cottage in the sparsely populated east end to a lavish Oceanfront Condominium on the world famous 7-mile beach.
Time Shares, (link to www.thereef.com.ky) or Interval Ownership Developments (link to www.castawayscove.com) are another popular form of Cayman Islands real estate investment.
Approximately US,000.00 will buy you and your family a week’s vacation accommodations in the Cayman Islands for the rest of your life.
There are no restrictions on foreign ownership of real estate, and a modern land registration system is run by the Government’s Department of Lands and Survey.
A stamp duty (link to Stamp Duty paragraph) is payable on transfers of land and mortgage deeds, and is a one time fee.
There is a thoroughly modern infrastructure and a stringent building code.
The innovation is apparent in legislation, technological and telecommunications, and in the development of new instruments for investors.
To review, the benefits of Investing in Cayman Island Real Estate are,
- No direct taxes imposed by the Cayman government: no property tax, no capital gains tax, no inheritance taxes, no income tax, no non resident tax and no sales tax.
- No restrictions on foreign ownership of real estate in the Cayman Islands.
- Ownership can be held in one or more names of individuals or in a corporation, which does not reveal actual ownership.
- Stability and Security – the Cayman Islands has a stable government, sophisticated infrastructure and a strong economy based on international banking and tourism *
- Privacy – no reporting of income or ownership to any government agency
- Caymanians enjoy one of the highest outputs per capita and one of the highest standards of living in the world.