CARIBBEAN LAND - REASONS TO BUY LAND IN THE CAYMAN ISLANDS

CARIBBEAN LAND - REASONS TO BUY LAND IN THE CAYMAN ISLANDS

1. Location of Cayman Islands – Caribbean Land

Location is often cited as the main determining factor of the value of a specific property. The same concept applies generally when considering the Cayman Islands real estate. The Cayman Islands are located in the middle of the tranquil, blue Caribbean Sea, the Cayman Islands boast a climate that seldom sees temperatures above 90°F or below 70°F. Cayman’s remoteness in the Caribbean and its lack of mountain river run-off, help maintain ultra-clear waters near shore, making for some of the best scuba diving in the world. Adding tropical plant life, beautiful white sand beaches and a short flying distance from the United States to the formula, and it’s easy to see why the Cayman Islands are seen as a paradise to many visitors.

2. Advantageous Tax Regulations in The Cayman Islands – Caribbean Land

The Cayman Islands impose very few forms of taxation upon its people. This holds true for its foreign investors as well. With regard to Cayman property ownership, the Cayman Islands assess no regular property taxes or capital gains taxes. There is also no tax due to the Cayman Islands government for other income derived from Cayman Island real estate investment such as rent or dividends.

3. Investor-Friendly Property ownership laws in the Cayman Islands – Caribbean Land
Unlike many countries, the Cayman Islands have no restrictions on the foreign ownership of Cayman Islands real estate for personal use. Land within The Cayman Islands can be owned by any adult individual (either alone or with others jointly or as proprietors in common), or in the name of a company.

Additionally, the islands-wide cadastral survey and implementation of the Registered Land Law in the 1970’s took away the risk of previous ownership claims on property. Every piece of property in the Cayman Islands is registered under a unique block and parcel number – ownership belongs to the registered owner of the Cayman land and the Government guarantees that right of ownership. There is no need for extensive title searches or title insurance.

The Land Registry is a matter of public record, and for a nominal fee, anyone can inspect or get a photocopy of a particular Land Register which will show not only the registered owner, but any liens, covenants or other restrictions on the property.
There are also no time deadlines for foreign investors to build on raw land; it can be held undeveloped indefinitely which makes owning a piece of the Cayman Islands such an attractive proposition for Caribbean Land.