A one-time stamp duty (land transfer fee) is applicable on real estate sales and is currently 7.5% on the purchase price or value of the property (whichever is higher), made payable to the Cayman Islands Government. An agency like Coldwell Banker Cayman Islands Realty gives you a head start because we have the experience, understanding of the process, and relationships with all the players. Buying a property in the Cayman Islands Buying a property can be daunting, especially if you are planning to do so in a foreign country like the Cayman Islands. Discover the advantages of buying property in the Cayman Islands. In the Cayman Islands, there is no income tax, recurring property tax, corporate tax, capital gains tax or inheritance tax. Land for sale in the Cayman Islands can be an amazing investment. Purchasing property in the Cayman Islands is a comparatively easy and simple process open to local residents and foreign investors alike. The real estate deal can be finalised quite quickly with the correct guidance from a RE/MAX® Sales Associate and all the relevant papers in place. The Cayman Islands operates the Torrens system of land registration, which is also in operation in Canada and Australia, and this system is generally considered to be simple and effective. Get in touch with a Cayman Islands real estate agent who can help you find the home of your dreams in Cayman Islands.. Not ready to buy yet? Land, as with all real estate property here, is guaranteed by the Cayman Islands Government through its Land Registry. The transfer of property in the Cayman Islands is one of the most efficient and simple real estate processes anywhere in the world requiring a single Land Transfer document signed by both the Vendor and Purchaser to legally transfer Title. 29% fewer Low Investors interested in buying land in Cayman Islands and other real estate properties will find a team of professionals available for their services. Cell / Whatsapp 345-926-3430 When looking at Cayman land for sale, think about what your long-term goals are, what you are looking to build and that will narrow down your options. Buying in the Cayman Islands The prospect of buying Real Estate may seem daunting, whether you are a local buyer or from overseas, but it doesn't have to be. The government does not tax local and foreign investors. 2020 was an up and down year for land sales, which is to be expected considering the global climate. Buying land for sale in the Cayman Islands is one of the most popular and safest forms of Cayman Property investment. If you’re looking to build your dream home from the ground up, buy land in the Cayman Islands and start that dream TODAY! At the offices of Cayman Island Real Estate, we receive a huge amount of enquiries about the process of buying a property in the Cayman Islands. You can build when you are ready, or sell the land for a profit when it is convenient or necessary. The Cayman Islands are popular among businessmen, tax attorneys and investors mostly because it is a safe, tax haven. The heir to a foam-cup fortune is believed to own more land than anyone on the storied tax haven of Grand Cayman… The (Fairly) Straightforward Process Luckily, the process of buying property in the Cayman Islands is relatively straightforward (most of the time). Why Is a Secretive Billionaire Buying Up the Cayman Islands? There are 67 real estate listings found in Cayman Islands. 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