Foreign Ownership

There are no legal restrictions of any kind on foreign ownership of real estate in the Cayman Islands and, ownership can be held in one or more names of individuals or in a corporation, which does not reveal actual ownership.

There are no imposed requirements to develop land (excluding subdivisions which do have Covenants) within a stipulated time period; consequently, parcels can be held indefinitely, with little or no expense, for future use or speculation.

The title to property in Cayman is "absolute" (fee simple). Based on the Torrens System, each site has a property register which can be obtained at the Lands and Survey Department showing its legal description, history of ownership, and record of liens.

Government guarantees title through this document making title searches unnecessary. A one-time Stamp Duty is paid to the government to register transfer of title.

There is no direct taxation - no taxes on income, profits, capital or capital gains, property or inheritance.

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