OWNERSHIP AND AGREEMENT FOR SALE
There are no legal restrictions of any kind in foreign ownership of property in the Cayman Islands, making the islands very attractive to overseas investors. A real estate title can be held in one name, by a group of people or by a company or corporation. Title to property is granted and guaranteed by the Cayman Islands Government protecting ownership. The developers have partnered with a local corporate services firm to assist buyers with establishing Cayman Islands-registered companies to hold their residences if preferred.
These and a number of other factors such as the absence of any annual property taxes, political stability, favorable landlord and tenancy rules, a beautiful natural environment and many local attractions have helped to grow a significant and buoyant property market. On the whole the sector has enjoyed a long and lucrative history and is likely to continue providing s secure future for any investor.