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Cayman’s recent success as a hub for relocating wealthy international families was highlighted by Webb, who stated: “There has been a lot of immigration into the Cayman Islands over the last couple of years. I was there in January, and all the professionals I spoke with were talking about the number of Canadians and Americans moving to Cayman or buying property there. There appears to be a strong commitment to continuing to build out world-class amenities and infrastructure that organisations like Dart are making – and that only makes it even more appealing.”
Webb adds: “I have even seen some people who are not planning to reside in Cayman now, but buy property there, because they are preparing in advance to eventually retire in Cayman.”
Sperry added: “The quality of the real estate inventory in Cayman is very high and built to the highest standards of construction. Cayman does a great job, and their building codes are equivalent to places like Florida. The investment that Dart has put into the islands over the last 10 years has really upped the ante and made Cayman even more attractive.”
In terms of Cayman’s residency by investment options for mobile, wealthy international families, Sperry believes Cayman is ahead of the game: “Cayman’s residency by investment programmes, whether you are investing in a business or a private residence, are very straightforward. If you compare Cayman’s commercial investment programme with, for example, the USA’s EB-5 scheme, Cayman looks very favourable. The investment you make in a US business through EB-5 can be a long and convoluted process and ultimately the investment has to be commercially successful, whereas in Cayman you make the investment in a business and you are in. It’s even simpler if you make an investment in residential property.”
If all this sounds appealing, the path to obtaining permanent residency in the Cayman Islands is a straightforward process and the team at Provenance Properties, the official Christie’s Real Estate affiliate in the Cayman Islands, can help find the perfect property.
For example, purchasing this three-bedroom luxury beach home at The Residences at Seafire, which offers optional turnkey furniture packages from Restoration Hardware, qualifies buyers to apply for Cayman Islands residency if all other requirements are met. The Provenance Properties team has a wide range of other luxury listings from stunning stand-alone family homes to convenient beachfront condos.
To gain comprehensive information about relocation to the Cayman Islands, we recommend you contact a Cayman Islands-based law firm, and there are several who have specialist teams focusing on this area of expertise. These law firms can also assist in guiding you through the process should you wish to proceed on the path to Cayman Islands residency.
For more information please contact email@example.com.