SMART INVERSTMENT ON THE CAYMAN ISLANDS

13.04.18

Tax neutrality makes Cayman Islands undoubtedly a perfect spot for high net worth individuals. The experts at Cayman Islands Sotheby's International Realty explain how investment on this paradise island could be the smartest choice you ever make

An affluent lifestyle includes investment in varied assets, often including property purchases in locations other than our native countries. The Cayman Islands is one such valuable resource.

Along with a legendary climate, pristine white sandy beaches, the Cayman Islands offers social harmony, ultra-luxury resorts, British or US systems of education, top tier healthcare, unique recreational experiences and a safe, active community lifestyle.

Residency is an excellent tool for individuals who seek to live offshore, desire a second home in a tropical location, an alluring vacation spot or retirement destination. It is a leading International Financial Centre - a magnet for global wealth, business, legal and finance experts.

The Cayman Islands is tax neutral. There is no income, inheritance, sales, corporation, capital gains or withholding taxes and it is considered a key destination to live well and grow wealth.

There are various residency options in this sought-after British Overseas Territory for investors, individuals and their families.

  1. Become employed in the Cayman Islands on a work permit.
  2. Establish a Business and seek permission for you (and potentially others) for a work permit.
  3. Establish a Special Economic Zone entity, obtaining a work certificate therein.
  4. Certificate of Direct Investment.
  5. Residency Certificate (Substantial Business Presence).
  6. Residency Certificate for Persons of Independent Means.
  7. Certificate of Permanent Residence for Persons of Independent Means.
  8. Obtain the Right to be Caymanian from the Cabinet.

An attractive start is the acquisition of developed real estate. When seeking residency on the basis of purchasing property you might research options for Residency for a Person of Independent Means.

Our basic outline of residency requirements is, we trust, suggestive of much broader and often complex legal interaction.

A Cayman Islands Sotheby’s International Realty agent is an experienced professional who will introduce you to right network of experts while protecting confidentiality, a must for having the best possible experience. Our guiding principle to all our clients is to seek experienced counsel on-island when exploring all residency options.

To find out more contact Cayman Islands Sotheby's International Realty on +1 345 623 1234

Abode Affiliates

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