The Cayman Islands
Grand Cayman and its sister islands, Cayman Brac and Little Cayman, offer stunning beaches and vibrant coral reefs filled with marine life making them a paradise for beach lovers and divers alike.
One of the world’s largest financial centers, the #1 hedge fund jurisdiction worldwide and a well-known tax haven, the Cayman Islands host more registered companies than residents. Boasting one of the highest standards of living in the Caribbean, the islands enjoy a resilient, largely self-sufficient economy fueled by tourism, banking/finance and property demand.
Not just a luxury getaway, the Cayman Islands are a genuinely attractive option for international investors, expatriates, or anyone looking to merge high quality of life with global connectivity.
Properties In The Cayman Islands
Luxury Living Redefined
Applicants can qualify for residency through various pathways:
Permanent Residency through real estate investment – requires a minimum investment of $2.4 million and just one day’s residency required each year
Residency Certificate – requires just $1.2 million investment in real estate. A minimum of 30 days residency a year is required
Cayman Islands Permanent Residency program – suitable for highly successful investors and entrepreneurs who live very international lives
Be advised that all visitors must have a return ticket. By law, a person who has no right to residence or other basis to enter the Cayman Islands (i.e. a Work Permit), may be admitted into Cayman as a visitor for up to six months, with extensions permissible in rare circumstances thereafter
The Cayman Islands are a tax haven as there are no corporate, income, inheritance, capital gains, or gift taxes
Additionally, there are no property taxes or rates or controls on the foreign ownership of property and land
The Cayman Islands provide a wide range of ultra-modern medical services, ranging from specialist clinics to large, sophisticated state-of-the-art hospitals
There are three well-equipped, advanced hospitals in Grand Cayman; two of these are privately owned, and one hospital is public
If you are a visitor, you will either require health insurance that provides full coverage while you are overseas or should be able to pay for the treatment on your own
The climate of the Cayman Islands is tropical, hot and humid all year round, with a dry, relatively cool season from late November to mid-April
Residents pay a premium to live in paradise with everything from housing and groceries to dinner and a movie costing more on these islands than anywhere else in the world
Summary of cost of living in Cayman Islands:
The estimated monthly costs for a family of four are $7,068.2 excluding rent
The estimated monthly costs for a single person are $1,983 excluding rent
Cost of living in Cayman Islands is, on average, 69.4% higher than in United States.
Rent in Cayman Islands is, on average, 85.1% higher than in United States
The Cayman Islands are very safe for both tourists and residents