There’s no doubt the Cayman Islands is a great place in which to own a holiday home, but one of the major attractions for owning property here is the lack of direct taxes. The islands have no income tax, no property tax, no inheritance tax and no capital gains tax, offering investors the chance to see substantial gains on investments within a relatively short period.
The government makes it very easy to invest, as there are no restrictions on foreigners owning land. Purchasing property is pretty straightforward, and the modern land registration system is run by the government.
The Cayman Islands is also one of the safest countries in the Caribbean and enjoys good political stability and has the highest per capita income in the region. Property continues to increase in value each year, but it is still possible to buy reasonably priced property, especially on the two smaller islands, and these make excellent destinations for people looking for a more relaxed pace of life or those looking for a retirement home.
Each of the three islands has a very individual personality, and Grand Cayman, the largest island has something for everyone and is the most cosmopolitan. It is the main hub for shopping and banking and while still retaining its local culture, has a very international feel. Little Cayman is ideal for nature lovers who long for uncrowded beaches.
It is home to just 200 people, as well as a wide variety of exotic birds, in iguanas and plants. Cayman Brac is popular as a weekend getaway for those who live on Grand Cayman, as well as being a holiday destination in its own right, and of course all three islands have spectacular beaches and clear warm waters which are ideal for snorkelling, swimming and diving.
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