There are a number of reasons why you should think about moving to the Cayman Islands. First of all, and probably the most beneficial reason is that any property in Cayman is free from property taxes. There is also no income tax and no capital gains. Another great advantage of owning property in the Cayman Islands is that there are no restrictions on foreign ownership which is an issue in many other countries. The government guarantees titles of ownership once a home is purchased.
One of the biggest concerns foreigners have when relocating to a new country is safety. The Cayman Islands is one of the safest countries in the Caribbean, there is absolutely no concern on any of the three beautiful Cayman Islands that you and your property will remain safe. In fact, Cayman is considered the safest country in the Western Hemisphere! The police department is well organized and contributes to maintaining peace on the Islands.
Another great advantage to purchasing real estate in the Cayman Islands is location! Because the islands are in relatively close proximity to the United States, flights are typically very short and inexpensive, so you’ll never have to worry about being too far from friends and family.
We can’t talk about the Cayman Islands without talking about the weather, the beaches, and the relaxing lifestyle. If you are not already sold, then perhaps take a look along Seven Mile Beach, where some of the most stunning photographs in the world have been taken. Beautiful white sandy beaches with turquoise water backgrounds, and simply stunning sunsets all come together to provide an amazing, breath taking experience. The diving is second to none in the world, with a consistent climate that stays in the 80’s and 90’s all year round and this could be yours every day of the year!
Perhaps now would be a great time to browse through Cayman Brac real estate or properties in Grand Cayman and start planning your next move.