How to Buy Real Estate in the Cayman Islands
The Cayman Islands offer an enviable standard of living in one of the world's largest banking centers and tax havens. The British crown colony offers world-class water sports, famous beaches and a modern infrastructure in a tropical paradise. Purchasing and owning real estate in the Cayman Islands is fairly easy. Read on to learn how to buy real estate in the Cayman Islands.
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Instructions
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Purchase real estate in the Cayman Islands without residency requirements. Own up to two units of property for rental in the Cayman Islands. Purchase a home and lease it until ready to relocate to the Caymans.
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Contact a real estate agent or an agent's representative well-versed in the purchase of Cayman Islands real estate. Work with the agent to create a list of properties for consideration.
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Visit the Cayman Islands. Meet with the realty company's representative to view properties or to discuss new construction in one of the islands many developments.
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Engage the services of a real estate attorney location in the Cayman Islands. Ask the realty company for referrals.
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Negotiate the purchase of the property through the real company and the real estate attorney. Arrange for payment and/or financing per the terms of the sale. Consider having a second attorney review the sale before funds are transferred.
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Visit and live in the Cayman Islands for up to six months at a time on a visa. Obtain a work permit if the visit includes that which constitutes a "business trip," as it is against the law to work in the Cayman Islands without a work permit.
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Apply for full-time residency status by completing immigration forms and demonstrating means of support and property ownership in the Cayman Islands. Download the forms online.
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