Top 7 Reasons to Buy Real Estate in Cayman

The Cayman Islands has more to offer than sun drenched beaches and world class diving. The country boasts the highest standard of living in the Caribbean, and the quality of life is highly ranked internationally. As one of the largest offshore finanical centre in the world, the economy is stable. Residents also enjoy one of the safest environments in the Caribbean and have access to exceptional services that are comparable to those found in major cities worldwide. There are three well-equipped hospitals located in Grand Cayman alone, with two more in the pipeline. Top medical facilities offer advanced diagnostic testing technology such as 4D ultrasounds plus cutting-edge stem-cell therapy for sports injuries.

In March 2019, Prince Charles and the Duchess of Cornwall officially opened the new airport terminal which can now accommodate up to 2.7 million passengers a year. In 2020 the runway was extended and resurfaced, and a blast deflector was added.

1. No restrictions on foreign ownership
2. No property, income or capital gains taxes
3. High standard of living
4. Stable economy
5. Safe communities
6. Top dive sites and beaches
7. Located one hour from the United States

The Cayman Islands has zero annual property taxes and there are also no restrictions on foreign ownership of a single property. With no requirements for immediate development on purchased land, building is another great option for those desiring a second home.