Frequently Asked Questions
FAQ to purchasers
Oasis Land Development FAQ; Below is a List of some frequently asked questions. For comprehensive details of Frequently asked questions including our finance packages, the best time to visit the visit the Cayman Islands, and how the Cayman Islands are recovering from COVID-19 contact us today!
Land Investment Questions ..
The client purchases the plots with up to a five-year payment term. Clients have a choice to take our 0% interest-free payment plan or can pay for their purchase in full. Visit our payment plan page where you can see what your payment schedule could look like with our payment calculator.
The price includes a freehold building plot with full infrastructure. Infrastructure includes roads, completed to NRA standards and electrics (water is managed by a septic tank which is standard in the Cayman Islands).
Plots come with outlined planning permission ready to submit a planning application to the Cayman Islands planning department. A 0% interest-free payment plan will be provided up to five years for each building plot which can be paid quarterly or monthly.Our payment terms are standard, you pay a reservation fee which is US$2,000.00. After the reservation fee you then pay from 0% up to a 40% deposit of the purchase price. The balance of 60% can be paid using 0% interest free developer finance over 5 years, payments can be made monthly (60 payments) or quarterly (20 payments).
As payment is made to the Cayman Islands, only USD $ is accepted, for more information speak to an agent.
No, Oasis payment terms are completely flexible and purchasers can pay in full for their lot if they wish.
Get in touch with an agent to discuss payment options.There are no restrictions on foreign ownership in the Cayman Islands. Check out our blog on this topic to find out more here.
There are no land or property taxes in the Cayman Islands.
Stamp duty is charged at 7.5% of either the purchase price or current market value, whichever is higher, this is decided by the Lands and Survey Department.No, Oasis Land Developments primarily specialises in selling freehold land lots in the Cayman Islands. We focus on land development projects rather than selling houses or apartments directly. Our offerings consist of carefully selected freehold land lots that provide excellent investment opportunities whether it be ocean front, ocean view, lake side, lake view or garden view. If you’re interested in exploring our available freehold land lots, you can visit our featured lot page here.
We understand that purchasing land can be a significant investment, which is why we offer all our clients a 0% interest-free payment plan. This payment plan allows you to spread out the payments over a specified period, making it more manageable and convenient for you. To get a better idea of how the payment schedule could work for you, we have a payment plan calculator available here.
No, there are no restrictions on foreign ownership of property in the Cayman Islands. The government of the Cayman Islands welcomes foreign investment and allows individuals from around the world to purchase and own property. Foreign buyers have the same rights and protections as local residents when it comes to property ownership.
There are no land or property taxes in the Cayman Islands. However, property buyers must pay a one-time 7.5% stamp duty on their purchase.
Stamp Duty is a one-time fee paid at 7.5% of the purchase price, applicable across the islands. The stamp duty is paid by the purchaser on the sale of the property. Cayman Brac has several special duty concessions for purchasers. Ask your Cayman advisor about these savings incentives!
Yes, more than one name can be included on the property title at closing with a maximum five names.
The Cayman Islands prides itself on being one of the safest places anywhere in the world. While there are some beautiful, gated communities in Cayman such as Signature One, you do not need to specifically look at gated communities when considering buying if safety is a top priority, as Cayman has very low crime rates.
All of Oasis Land Development’s land on offer is Freehold, meaning it will be in your family for generations to come!
Freehold land means you own the land outright, there are no time restrictions or lease agreements. It’s full and permanent ownership that you can pass down to future generations.
You can complete the purchase without the need for a lawyer; however, Oasis Land Development always recommends hiring a lawyer to assist you.
Most insurance providers in the Caribbean consider damage from adverse weather conditions and include it in their coverage. We would always advise our customers to check with an insurance broker. You do not need to insure the land.
Yes, we offer a range of lots that are in close proximity to the ocean or direct to the ocean. You can view a selection of these available lots on our featured lot page [insert link]. Additionally, please note that we have more lots available that may not be listed on our featured lot page. Our Cayman Islands advisors can assist you in finding lots that best match your specific needs and preferences.
Cayman Islands Rental Questions ..
We suggest looking at the following websites to check the current rental market in the Cayman Islands Airbnb, Flipkey and VRBO. This gives you an indication of what rental you can achieve should you construct a similar type of property.
The Cayman Islands’ vacation rental market is active year-round. While the peak tourist season occurs from mid-December to mid-April, the islands attract visitors throughout the year due to their pleasant climate and diverse attractions.
Cayman Islands Education Questions ..
The Cayman Islands are based on UK and American curriculum.
You’ll find a remarkable selection of top-notch academic institutions, ranging from preschool to university. You can also embark on an exciting journey to learn new skills or make new connections, thanks to the numerous adult courses on offer.
contact us here.Yes, the Cayman Islands actually offer an array of University Opportunities. The University College Of The Cayman Islands is the longest-standing university in the Cayman Islands. The Truman Bodden Law School is based in George Town and is affiliated with the University of Liverpool and Oxford Brookes University. As well as the universities on Island the Cayman Islands are affiliated with many universities across the globe. contact us here.
Yes, there are several international schools available in the Cayman Islands. These schools cater to the diverse community and provide quality education following international curricula. Some of the notable international schools in the Cayman Islands include:
1. Cayman International School (CIS): CIS offers an International Baccalaureate (IB) program and follows an American-style curriculum. It provides education from preschool to high school levels.
2. St. Ignatius Catholic School: St. Ignatius is an international school that follows a British curriculum, offering education from early years to secondary levels. It is known for its strong academic program and inclusive learning environment.
3. Cayman Prep and High School: Cayman Prep is a British-style school that provides education from reception to secondary levels. It emphasises academic excellence, character development, and the holistic growth of students.
4. Montessori By The Sea: This Montessori school follows the Montessori educational approach and provides education for children from toddler age to primary years.
5. Triple C School: Triple C School is a Christian-based school offering education from preschool to high school levels. It provides a well-rounded education with a focus on spiritual and moral development.
Cayman Islands Residency Questions ..
There are different residency options available in the Cayman Islands, you can also speak to one our our agents who can provide you with a residency document. contact us here.
The Cayman Islands’ vacation rental market is active year-round. While the peak tourist season occurs from mid-December to mid-April, the islands attract visitors throughout the year due to their pleasant climate and diverse attractions.
Cayman Islands Questions ..
The Cayman Islands have their own currency, the Cayman Island Dollar. However, US Dollars are widely accepted across the islands. The CI$ is fixed to the US dollar at $1.25 US Dollars to $1.00 Cayman Islands Dollar.
You can explore the enchanting Islands for up to six months!
An application to the Director of Customs and Border Control, may grant you an extension to enjoy the islands fur a further six months.
Cayman Islands Health Care ..
It is recommended that all travellers take out a travel insurance policy before travelling to the Cayman Islands. It is up to each individual to find the best policy to suit their needs.
The Cayman Islands boasts three state-of-the-art hospitals and an impressive array of 26 health practices. Beyond that, there are nearly 200 diverse healthcare facilities such as pharmacies, laboratories, and clinics. Trust in the expertise of over 400 dedicated registered practitioners working within the Cayman Islands.
You can also speak to one our our agents for more information. contact us here.
