Location

Grand Cayman

Located in the western Caribbean Sea, the Cayman Islands, a British Oversees Territory, encompasses 3 islands – Grand Cayman, the largest island, and Cayman Brac and Little Cayman.

Grand Cayman is located an hour flight from Miami and four-and-a-half hours from New York and Toronto. The Cayman Islands have multiple daily flights to and from Miami and a whole host of regular flights to and from other central hubs, including Tampa, Fort Lauderdale, New York, Chicago, Charlotte, Atlanta, Toronto, London and more.

The Cayman Islands is a unique and special place. Its location alone offers a climate most people can only dream about: endless sunny days with cooling sea breezes. The Cayman Islands is a highly sought-after location in which to reside because it offers its residents a heady mix of tropical living set against a backdrop of sophisticated infrastructure.

Grand Cayman has become the destination of choice for both visitors and real estate investors for many reasons. Most notably, it is a stable tax-neutral country with a sophisticated infrastructure. Grand Cayman’s crystal clear waters and white sandy beaches complement both a popular tourism and hospitality sector and a thriving construction and offshore investment centre. Blessed with superior healthcare and educational facilities, Cayman also boasts exceptional fine dining, land and sea activities, as well as duty-free shopping.

Here is some top-line information about purchasing real estate in Cayman, Cayman immigration, the cost of living and the Cayman economy.

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Buying Property

Buying property in the Cayman Islands is a relatively easy and uncomplicated process open to local residents and foreign investors alike. Unique to Cayman is the requirement to pay a 'one time only' property stamp duty (purchase tax). Whether you purchase a home or condo in the Cayman Islands, property owners do not have to pay annual property or sales taxes; neither do they have to pay inheritance or death tax.

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Real Estate and Residency Options

The Government offers two residency options for individuals who purchase real estate in the Cayman Islands.

First is the Residency Certificate for Persons of Independent Means which is valid for 25 years and enables individuals and dependents to reside in Cayman without the right to work. Individuals must invest a minimum of US$1.2 million of which at least half must be in developed residential real estate in Grand Cayman.

The second is the Certificate of Permanent Residence for Persons of Independent Means wherein the holder and qualifying dependents have lifetime rights to reside in the Cayman Islands without the right to work. Individuals must invest a minimum of US$2.4 million in developed real estate in the Cayman Islands. This option also offers a path to naturalization as a British Overseas Territories Citizen once the applicant has been legally and ordinarily a resident in the Cayman Islands for five years.

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Work Remotely with Cayman’s Global Citizen Concierge

Global Citizen Concierge allows persons who are employed outside of the Cayman Islands with the financial independence to live and work remotely in the Cayman Islands for up to 2 years. Applicants must make a minimum income of US$100,000 annually, if applying as an individual or a minimum income of US$150,000 annually, if applying with an accompanying spouse/civil partner.