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Bathed in the sparkling, turquoise waters of the Caribbean Sea lies a unique offshore
banking haven that boasts a idyllic combination of British common law, tax privacy &
freedom, and an enviable tropical marine climate.
The Cayman Islands foster one of the wealthiest and most privileged populations in
the world, with the highest output per capita and amongst the finest standards of living
on earth.
They remain an ultra-elite island destination with the 10th highest valued currency
in the world, their own stock exchange, the absence of direct taxation and a well
established financial reputation.
The Cayman Islands offer a realistic and durable real estate investment strategy.
Idyllic beach on Little Cayman with views of Owen Island in the distance
Sandy Point beach on the east coast of Little Cayman, close to Lakeside Estate
1.0 The Investment Argument They are home to 278 banks (as of June 2008), conducting banking activities at both
domestic and international levels.
The most prominent sectors are banking, hedge fund formation & investment, structured
1.1 Property Market Overview finance & securitization, captive insurance and general corporate activities.
Although Cayman’s economy is based primarily on the twin pillars of the territory’s
successful offshore financial services industry and its tourism product, property is also
a key economic generator and a spin off from the tourism sector. 1.4 Political Stability
There are no legal restrictions of any kind to foreign ownership of property in Cayman, The success of the Cayman Islands originates from a long-standing stable government,
which makes it very attractive to overseas investors. A real estate title can be held operating British common law.
in one name, 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 Caymans have cultivated a robust platform to foster continued successful economic
growth, which in turn, will perpetually attract investors, multinational organizations and
These attractive factors, in addition to no annual property tax, no inheritance tax, skilled personnel.
political stability, favorable landlord and tenancy rules, a beautiful natural environment
and many local attractions have facilitated the growth of a significant and buoyant
property market.
1.5 Commitment from the Government
The Cayman Administration have committed to bolstering long term growth of economic
1.2 Tourism-fuelled Economy output with continued investment in infrastructural enhancements.
The territory has enjoyed stable economic prosperity for many years, with steady Their endeavors to promote the international significance of the island is demonstrated
GDP growth being fuelled by luxury tourism, attracted to the clean, friendly and safe by their current airport expansion program, in which terminal capacity will be tripled.
ambiance of all three islands. This will support the addition of new air routes into the islands from north-eastern
locations such as Chicago, traditionally considered as one of the top five source
The Tourism industry is responsible for more than 70% of Caymans’ GDP. This is markets for US visitors.
fuelled by the islands vast unspoiled beaches, duty-free shopping, SCUBA diving and
deep-sea fishing, which attracted figures in the region of 1.8 million air and cruise Further initiatives aimed at boosting stay-over arrivals include a new promotional
visitors in 2008 alone. campaign by the Department of Tourism to target secondary markets such as Canada
and the UK under the slogan of ‘Three islands, one idyllic destination’.
Its crystal-clear waters and unspoiled reefs make the Caymans one of the world’s most
revered SCUBA diving destinations, with Little Cayman being listed as one of the best The government has also established the Cayman Island Investment Bureau (CIIB),
diving sites in the world. the territory’s dedicated investment promotion agency with a mandate to facilitate and
stimulate long term investments in all sectors of the economy.
The Cayman Islands are also the world leader in the registration of mega-yachts, and
a major player in the registration of other vessels, thus underlying its proven capability
to compete on an international level.
1.6 Population Growth
With a current population of 57,000 residents, the CIA World Factbook lists the
1.3 Financial Services Industry Cayman Islands as the 34th fastest growing population in the world at 2.39% per
annum. However, the Cayman Economics and Statistics report for 2008 demonstrates
The Cayman Islands is the fifth-largest banking centre in the world with $1.5 trillion in a greater level of growth of 3.5% against the same period in 2007. Comparatively, the
banking liabilities and a concentration of top-quality service providers such as UBS UAE is the highest at 3.69%, whilst the UK is listed at number 175 with a growth rate
and Goldman Sachs. of 0.28% per year.
Scuba diving, Bloody Bay Wall, Little Cayman
1.7 Construction and Real Estate
According to the Cayman Economics and Statistics office annual economic report
2008, construction recorded positive growth in 2008, to a value of $502.3million,
representing a 12.5% increase on the previous year. Furthermore, despite a global
decline, the number of transferred freehold properties rose by 4.5% in this year, to a
value of $558.1million
High-net-worth investors are encouraged to invest in the Cayman islands, with a view
to achieving permanent residential status in order to take advantage of the tax benefits
this may present. Application for residency is available via two different channels,
either as Wealthy Retirees or Entrepreneur/Investors.
1.9 Summary
With the 10th most valued currency in the world, the highest standard of living in
the Caribbean, its own stock exchange, no direct taxation and a distinguished
financial reputation, the Caymans’ are a dominant player in this new era for property
investments.
• Stability and Security - the Cayman Islands has a stable government, sophisticated
infrastructure and a strong economy based on international banking and tourism
2.1 Introduction
In the face of current global market conditions, the average number of Cayman Land
transactions for the first half of 2009 is actually higher than in 2008. It is anticipated
this trend is set to accelerate as investors capitalize on these tax free real estate
propositions as inflationary pressures continue to affect the US dollar.
A viable, and potentially lucrative opportunity to purchase freehold plots of land issued
with planning consent for residential development is now available to investors.
These building plots will be delivered with communication and utility infrastructure in
place, including roads and electricity, giving owners the opportunity to develop their
own bespoke luxury villas.
With no obligations to build in place, owners may elect to bank their land and realize
their investment at a later date.
Owners can maximize the real estate potential of their land by developing a villa for
personal use, rental returns or simply to sell on completion.
As populations grow, the challenge of balancing the increasing need for housing with
the growing importance of environmental and heritage concerns means that land
with development or building potential can provide increasingly strong returns for
investors.
Undeveloped, these building plots offer two exit strategies; the first, taking advantage
of the price increase that will be associated with the completion of infrastructure
components.
The second, longer term scenario will harness the combined increases in value
facilitated by both infrastructure and international inflationary driven increase in land
value.
3.0 Developing your Plot A maximum permissible built area of 50% can be achieved over 2 floors.
Construction costs can be calculated at between US$ 200 - 250 per ft2.
3.1 Land purchasing costs The budget for architectural, engineering and project management services should be
based on 10% of the construction costs.
There is no direct form of taxation levied within the Islands, aside from a one off “Stamp
Duty” on real estate, at time of purchase. Allow 2 - 3% for miscellaneous costs.
Stamp Duty is charged at 7.5% on Grand Cayman and 6% on Little Cayman and
Cayman Brac.
We are pleased to introduce our affiliated architectural firm in the Cayman Islands,
DDL Studio Ltd.
Based upon your requirements and objectives, the following scope of services are
available:
• Tender procedure.
All building plots will have planning consent to construct a detached villa over 2 storeys.
Each story is allocated a built area covering 25% of the total plot square footage.
All relevant due diligence has been carried out on each building plot by one of the
leading law firms on Grand Cayman. Copies of all the necessary documentation are
4.1 Payment Plan Options available upon request.
• Reservation deposit US$1,999 paid upon signing of the Reservation Agreement 4.4 Transferability
• First Payment: 30% of purchase price within 7 days of reservation Before title deeds are issued
• Remaining balance can be paid, interest free, as below: Investors have the option of selling their contract for the freehold plot of land at any
time, there is a US$650 fee payable to the land owner for this service.
Option 1: Payable quarterly over 1 year
All land in the Cayman Islands is recorded in a single registry. The land registry is
4.2 Purchase Procedure
maintained by the government which effectively guarantees title.
1. Reservation Agreement completed, signed and returned by fax or email
There are no time limits to development and planning permission will not expire. Plots
2. Deposit paid via credit card as an asset can be willed and inherited.
6. Purchase & Sale Agreement prepared by land owner and couriered to buyer
10. Title deeds issued once 100% purchase costs have been received by land
owner
Several airlines serve the Islands, which are just over one hour south of Miami. These
include the national airline Cayman Airways, American Airlines, USAIR, Northwest,
B 5.1 Location Delta, Continental, Air Canada, British Airways, and Air Jamaica.
A
The Cayman Islands comprise of Grand Cayman, Cayman Brac, and Little Cayman. The national carrier serves Miami, Houston, Tampa, Orlando, Fort Lauderdale, Boston,
They lie south of Cuba and north west of Jamaica, time zone GMT -5. Chicago; Kingston and Montego Bay, Jamaica; Havana, Cuba; and Cayman Brac and
Little Cayman. Direct links with other US gateways such as Atlanta, New York and
Grand Cayman is by far the biggest with an area of 76 square miles. The two “Sister
Charlotte are provided by the US carriers serving the Islands.
Islands” of Cayman Brac and Little Cayman are located about 80 miles east of Grand
Cayman and have areas of 14 square miles and 10 square miles respectively. Regular, direct scheduled flights departing from London Heathrow to Grand Cayman’s
Robert Owen International Airport are available with British Airways.
All three islands are surrounded by healthy coral reefs, which lie at the top of dramatic
walls and drop-off’s close to shore, creating ideal conditions for diving and sport
fishing.
Location The Sister Islands
Booby Point
5.5 Climate
Spot Bay
North East Point
Creek
Bessy Howard
Cay
winds moderating high temperatures which range from 25oC in winter to approximately
Bay
Little Cayman
ASHTON REID
Deadman’s DRIVE SOUTH SIDE
2 Point ROAD EAST
B 5 Tom Jennett’s
Bay
30oC in summer. High season runs from December to April where temperatures are
Christopher Columbus discovered the Caymans in 1503. They remained uninhabited
Hawkesbill
Jennifer Bay
Marry’s Bay Bay
East Point SOUTH SIDE
generally cooler and more favorable for tourism. The rainy season is typically from May
Crawl Bay Charles Bight Pond ROAD WEST
until well after the 1670 acquisition of the islands by the British Crown, which has held
Grape Tree Bay NORTH COAST
ROAD EAST Easterly Ponds Sandy Point WEST END
ROAD
Rosetta Flats
Grape Tree Pond
Grand Cayman Strict building codes are in place to withstand hurricanes. The government has
Spot Bay
Its superior diving conditions put the Cayman Islands on the international tourist map in
Mc Coy’s SPOT BAY South Hole Sound
Pond ROAD
OWEN
appropriate measures in place to prepare for such conditions and offers a hurricane
Edward Bodden
Airport ISLAND
Westerly Blossom
the early 1950s. Despite its diminutive size, Little Cayman quickly established itself as
Ponds
Conch Point West End
Preston Bay
Village
Point
Boatswains
Bay protection policy guarantee in order to maintain tourism growth.
BARKES a top diving site. Bloody Bay Marine Park has some of the best wall diving anywhere
WEST BAY Rum Point in the world.
CAYMAN KAI
North Salt Creek
West
Point Govemors
Creek
1 NORTH EAST COAST
Spotter
Bay During the next decade, Caymanians began to draw up the tax structure that would
SEVEN
NORTH SIDE
OLD MAN BAY make Grand Cayman an economic powerhouse and at the same time put in place an
COLLIERS
MILE
BEACH
SNUG
Booby Cay Little
Sound
The Mountain
infrastructure that has made it the undisputed capital of Caribbean tourism.
HARBOUR
CAYMANA North FRANK SOUND SAND BLUFF
BAY Sound ROAD
The Quarry GUN BAY
Owen Roberts
International EAST END
Nort
GEORGE
TOWN Airport Sound PEASE BAY
BREAKERS Frank
Sound HIGH ROCK 5.3 Money
RED BAY Estates
NEW LANDS NORTHWARD
Boatswains
Conch Point
ROYAL BIRKDALE The largest of the three islands, Grand Cayman has an area of about 76 square miles
and is approximately 22 miles long with an average width of four miles. Its most striking
Bay GRAND CAYMAN feature is the shallow, reef-protected lagoon (the North Sound) which has an area of
BARKES
about 35 square miles.
Grand Cayman is also the home of the capital George Town and has some of the
Rum Point finest tax-free shopping experiences available in the entire Caribbean. It is particular
WEST BAY
CAYMAN KAI well known for its spectacular diving and snorkeling and the island features many
North reefs and walls with many sites accessible by swimming from shore. Spectacular
Salt Creek
West natural beauty, a wealth of activities and points of interest, along with all the modern
Point Spotter conveniences can all be found here on the island that boasts some of the finest cuisine
Govemors NORTH EAST COAST
Creek Bay in the Caribbean.
NORTH SIDE
SEVEN OLD MAN BAY
COLLIERS 6.02 Royal Birkdale
MILE
Booby Cay Little The Mountain
BEACH Royal Birkdale is a spectacular development on the North side, known as Millionaires
SNUG Sound
row. This part of the island is the future of Grand Cayman with many world-renowned
HARBOUR
hotel groups looking to develop in the area.
CAYMANA North FRANK SOUND SAND BLUFF
There are 60 plots that all face north and they are on or near to the beach with fantastic
BAY Sound ROAD
sea views and give access to a beautiful white sandy beach. Not far from Royal Birkdale
The Quarry GUN BAY is ‘Rum Point’ which is famous for its beach bars, island atmosphere, idyllic beaches
and shallow clear waters. The pace of life on this part of the island makes it a perfect
Owen Roberts destination to relax and unwind.
EAST END
International Nort
GEORGE BREAKERS
Airport Sound Frank
TOWN PEASE BAY HIGH ROCK
Estates Sound
RED BAY
NORTHWARD
NEW LANDS
BODDEN
SOUTH SPOTTS SAVANNAH TOWN
SOUND
PEDRO
Prospect
ST JAMES
Point
St James
Point
0 5 Miles
Little Cayman 6.1 Project Location - Little Cayman Estate
Snipe Point Little Cayman is truly an untouched tropical paradise with sparkling beaches and sun
drenched seclusion. Selective, small-scale tourism and related services, combined
with a high measure of natural conservation in keeping with the islands sensitive and
unique environmental characteristics and the fact it is so small and exclusive means
that it really is like owning a piece of your own private island.
East Point
Crawl Bay Charles Bight Pond
Plots on Little Cayman are thus consistently in short supply and in very high demand.
0 5 Miles
Little Cayman 6.2 Project Location - Lakeside Estate
Little Cayman is the smallest of The Cayman Islands - 10 miles long by 1 mile wide.
It is the least developed Cayman island and with approximately 170 very wealthy
inhabitants.
Snipe Point Little Cayman is truly an untouched tropical paradise with sparkling beaches and sun
drenched seclusion. Selective, small-scale tourism and related services, combined
with a high measure of natural conservation in keeping with the islands sensitive and
unique environmental characteristics and the fact it is so small and exclusive means
that it really is like owning a piece of your own private island.
East Point
Crawl Bay Charles Bight Pond Plots on Little Cayman are thus consistently in short supply and in very high demand.
OLIVINE Wearis Bay LAKESIDE ESTATE the land giving a slope from top to bottom. This ensures that every plot is naturally
Tarpon Lake LITTLE CAYMAN 4ft above sea level, a legal requirement on recent new builds, so that there are no
NORTH COAST KIRK DRIVE
additional costs relating to this when developing your land.
ROAD WEST
Spot Bay It also has some great views of one of the few lakes on the Island. You can luxuriate
in the sun, go snorkeling or kayaking in the crystal clear waters that are protected by
a perfect natural reef or take a boat to Owen Island where you can enjoy a view of
Mc Coy’s South Hole Sound
SPOT BAY paradise in its most pristine form.
Pond
ROAD
Edward Bodden OWEN
Airport ISLAND
Westerly Blossom
Ponds Village
West End
Preston Bay
Point
0 5 Miles
Cayman Brac 6.3 Project Location - Dolphin Estate
Booby Point
Spot Bay 6.31 Cayman Brac
North East Point Cayman Brac’s rugged 14 square miles retains the charm and friendliness of a
traditional seafaring community - yet it offers the country’s most dramatic scenery.
Creek “Brac” is the Gaelic word for bluff, the Brac’s dominant natural attraction. It is a
Bessy Howard
limestone ridge which rises gradually from the west along the center of the island to
Cay
140 ft. at the eastern tip, plunging as a sheer dramatic cliff into the indigo Caribbean
Sea below. It sculpts the landscape into unexpected vistas carved with caves and
covered with a startling variety of flora and fauna.
Mallarb’s Point Pollard
Bamboo Bay Bay
Stake Bay Point 6.32 Dolphin Estate
Cat Head
Bay Dolphin Estate is located on the west of the island. The site faces southwest and is
SOUTH SIDE
ASHTON REID on the bluff, and due to the gentle slope it means all 175 plots have excellent views
Deadman’s ROAD EAST
DOLPHIN ESTATE Point
DRIVE across the Caribbean Sea.
CAYMAN BRAC It is a short distance from white sandy beaches and warm, shallow waters, which is an
Stake Bay
ideal place to relax and soak in the sun. There is also a nearby town with a number of
welcoming restaurants serving local dishes made from the fish caught fresh that day.
Hawkesbill
The more adventurous may want to try Scuba diving around the islands newest
Jennifer Bay
attraction, the wreck of a Cuban naval frigate, which was intentionally sunk off the
SOUTH SIDE Bay
island’s northwest coast in September 1996. The ship wreck has created new coral
ROAD WEST reefs, which encourages a whole host of sea creatures to thrive and flourish, making
diving in the area a breath taking experience.
WEST END
ROAD
Gerrard Smith
Airport
Salt Water
West End Dennis Point
Point Dick Point
Sessinger’s
Bay
0 5 Miles
Cayman Brac 6.4 Project Location - Little Dolphin Estate
Booby Point
Spot Bay 6.41 Cayman Brac
North East Point Cayman Brac’s rugged 14 square miles retains the charm and friendliness of a
traditional seafaring community - yet it offers the country’s most dramatic scenery.
Creek “Brac” is the Gaelic word for bluff, the Brac’s dominant natural attraction. It is a
Bessy Howard
limestone ridge which rises gradually from the west along the center of the island to
Cay
140 ft. at the eastern tip, plunging as a sheer dramatic cliff into the indigo Caribbean
Sea below. It sculpts the landscape into unexpected vistas carved with caves and
covered with a startling variety of flora and fauna.
Mallarb’s Point Pollard
Bamboo Bay Bay
Stake Bay Point 6.42 Little Dolphin Estate
Cat Head
Bay Little Dolphin Estate is located on the west of the island. The site faces southwest and
SOUTH SIDE
ASHTON REID
LITTLE DOLPHIN ESTATE Deadman’s DRIVE
ROAD EAST
is on the bluff, and due to the gentle slope it means all 175 plots have excellent views
across the Caribbean Sea.
CAYMAN BRAC Point
Stake Bay It is a short distance from white sandy beaches and warm, shallow waters, which is an
ideal place to relax and soak in the sun. There is also a nearby town with a number of
welcoming restaurants serving local dishes made from the fish caught fresh that day.
Hawkesbill
The Rock The more adventurous may want to try Scuba diving around the islands newest
Jennifer Bay
attraction, the wreck of a Cuban naval frigate, which was intentionally sunk off the
SOUTH SIDE Bay
island’s northwest coast in September 1996. The ship wreck has created new coral
ROAD WEST reefs, which encourages a whole host of sea creatures to thrive and flourish, making
diving in the area a breath taking experience.
WEST END
ROAD
Gerrard Smith
Airport
Salt Water
West End Dennis Point
Point Dick Point
Sessinger’s
Bay
0 5 Miles
7.0 House-In-A-Box Design Concept
House-In-A-Box is a revolutionary concept that will offer clients the choice to adopt one
of three luxury, turn-key villa projects for their building plot.
The turn-key projects will include full planning permission, building licenses and
architectural designs in place to build their chosen villa design.
A crucial part of the service will be a dedicated project management team that will
take full control of the construction of the properties and send detailed updates of the
process back to the clients.
The turn-projects will be available for a fraction of the cost associated with going it
alone and add enormous value to the land plots.
7.0 Advisors