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Tag Archive: Buying Land In The Cayman Islands

Buying In Cayman

Unlike other Caribbean islands, buying in Cayman has no restrictions on foreign ownership. Every property in Cayman is registered under a unique block and parcel number, which means every owner is registered with the Government guaranteeing the right of ownership. A potential purchaser may examine the public records regarding any property to check whether there are any liens, charges or restrictions on it.

When buying in Cayman the purchasing process is relatively easy. The prospective buyers presents personal documents, including certificates of identification and confirmation of the source of funds. Buyers then file a “Search and Stay” status on the land with the Department of Lands and Surveys upon entering into a contract. This essentially grants the purchaser a priority period during which the property is put on “freeze”, preventing any other interest from being registered against the land until the property has been officially transferred.

Unless stipulated within a particular development, there are no time deadlines for building on raw land. The land can be held undeveloped indefinitely; you can land bank now for your future generations. Planning approvals are valid for five years following the grant of planning permission. (more…)

November 25, 2015 Blog, , , , , , , , Read more >

Great First Quarter for Cayman

CIBC First Caribbean has had its best quarterly performance since 2010. For the first quarter of their financial year, ending January 31, 2015, they recorded a net income of $26.6 million. This is a good improvement compared with the net income of $15.4 million for the same period in 2014.

The Cayman Islands has also been named “Best Hedge Fund Services Jurisdiction” for 2015.

Cayman received the award at the Hedgeweek Global Awards in London’s Mayfair on the 27th of February. Hedgeweek Awards brought together 2014s best performing managers and service providers in the global hedge funds industry. (more…)

April 1, 2015 Blog, , , , , , , Read more >

Buying Land in Cayman Islands

 

The Cayman Islands, made up of the Cayman Brac, Little Cayman and Grand Cayman are a fantastic tourist center with an active tourism industry and a hub of business activities. Located in the Carribean, 90 miles outside of Cuba and sixty five minutes from Florida by flight, these three islands have become a place for both business and pleasure. (more…)

January 5, 2015 Blog, , Read more >