The Cayman Islands Government, which operates under British Common Law, is enthusiastic about attracting foreign direct investment (FDI) and, to this end, has an open-market policy that does not restrict foreign ownership. Apart from a one-time stamp duty, there are no annual property taxes either. Title is granted and guaranteed by the government. (Source: Cayman Islands Lands and Survey Dept 2012). Tax are subject to change at any time.
Much of the Cayman Islands economic dynamism stems from its ability to successfully attract foreign direct investment (FDI), with the lion’s share of that FDI pouring into the largest of the three sister islands, Grand Cayman.
Five-star luxury brand Ritz-Carlton is adding to its Dragon Bay development with an ultra deluxe spa resort and boutique hotel, ‘Bora Bora’ style villas, a country club and mixed-used harbour village of residences, restaurants and shops.
No Restrictions on Foreign Ownership
And no annual property taxes. Boasting an enviable blend of international glamour in a tropical setting and a strong economy, the Cayman Islands offer the perfect opportunity in which to live, retire and prosper. Until recently a lot of the land in the Caymans was kept in the family for future generations to enjoy. But now multinational corporations, private investors and property developers, hoteliers, international financiers and expatriates looking for a second home are buying into this desirable market.
Premier Medical Tourism Facility
A $2-billion, state-of-the-art ‘Health Care City’ is being developed in the east-end of Grand Cayman. Set to become a world class medical hospital, the 2,000-bed Narayana Cayman University Medical Centre (NCUMC), along with supporting infrastructure, could be one of the most significant and far-reaching developments for the Cayman Islands yet, potentially having as much economic impact as the tourism and financial industries combined. It is estimated that the facility would require 20,000 people to service it and that 4,000- 6,000 patients would be flying in every week. (Source: www.compasscayman.com 2011). In addition to the obvious economic benefits of the facility and medical tourism in itself, it requires a considerable amount of local labour to build the hospital and the infrastructure to support it. This infrastructure involves new roads, more accommodation, restaurants, shops and other businesses. The development broke ground in August 2012. As well as bringing millions of dollars of incremental value to the Cayman Islands, we believe this presents an opportunity for wealth creation for real estate investors.
Infrastructure Upgrade Set to Boost Capital Growth Potential
With enhancements to the infrastructure underway, and more in the pipeline, both foreign investment and tourism are gaining momentum, as is demand for short-term rentals and second homes both of which present further potential for capital appreciation.
Why Choose Oasis Land Development Ltd?
Oasis offer 0% interest FREE payment plans to purchasers worldwide
All purchasers are provided with a set of complimentary architectural drawings
We act with transparency and honesty.
We can help with immigration applications for people with independent means.
Our service does not end once you have bought your dream plot……..