ARTICLE · 15 NOVEMBER 2007

Real Estate In The Cayman Islands

Charles Adams, Ritchie & Duckworth

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The Cayman Islands has been a popular tourist, recreation and business destination for many years. Beautiful beaches, spectacular dive sites, high quality modern hotels and tropical weather combine to attract the tourists in large numbers year after year.

Cayman IslandsWealth Management

Introduction

The Cayman Islands has been a popular tourist, recreation and business destination for many years. Beautiful beaches, spectacular dive sites, high quality modern hotels and tropical weather combine to attract the tourists in large numbers year after year. The availability of technology and services, fair and modern regulation of business activities, and the absence of direct taxation have also helped make the Cayman Islands one of the largest financial and business centres in the world. Given these factors, it is not surprising that the Cayman Islands also has an active real estate market. This article provides a brief overview of the legal and practical aspects of buying and selling real estate in the Cayman Islands. However, it is not intended to deal exhaustively with all aspects of the subject and proper legal advice should always be obtained before entering in to any real estate transaction.

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