7.28%
7.28%
$0
Qualify for 25 Years Residency with CB134
For an investment of $617,910 USD, you can purchase a 2 bedroom single-family-home in Centre and 0.45 acre parcel in Centre on Cayman Brac, with a 7.5% one-time property transfer tax.
This investment package is designed to qualify you for a Residency Certificate for Persons of Independent Means in the Cayman Islands. The certificate has a threshold investment of $600,000 USD which must include at least $300,000 of developed real estate in Cayman Brac inclusive of stamp duty. You must also show an income of $60,000 USD per year without the need for local employment.
On successful application, you will have the right to stay in the Cayman Islands for 25 years, which is renewable, and you get to use the fast line at the airport. This certificate does not provide a pathway to naturalization or Caymanian status.
CB134 Summary
Primary Residence MLS #417550
Cayman Immigration law requires an investment in developed real estate, and so your purchase of a 2 bedroom single-family-home in Centre on Cayman Brac is the cornerstone of your investment. Cayman Brac residents enjoy beautiful beaches, warm weather, a clean and safe environment, robust infrastructure, tax neutrality and direct access to major flight hubs. It's not surprising that Cayman real estate has shown significant capital appreciation in recent years.
Land MLS #415041
You are purchasing a 0.45 acre parcel in Centre on Cayman Brac. Historically, land in Cayman has shown significant capital appreciation due to rapid development and limited space available. Plus, land like your 0.45 acre benefits from low maintenance and insurance costs.
Stamp Duty
When you purchase property in the Cayman Islands you pay a one-time transfer tax of 7.5% of the total assessed value, which counts toward meeting your investment threshold. Based on your purchase of a 2 bedroom single-family-home in Centre for $474,000 and 0.45 acre parcel in Centre for $100,800, your stamp duty is $43,110. Cayman does not have an annual property tax.
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FAQ: Investing in CB134
What does this investment package include?
This package includes a 2 bedroom single-family-home in Centre on Cayman Brac, a 0.45 acre parcel in Centre on Cayman Brac, with a stamp duty payment of $43,110.
What are the residency requirements for this investment in Cayman Brac?
This investment package is designed to qualify you for a Residency Certificate for Persons of Independent Means in the Cayman Islands. The certificate has a threshold investment of $600,000 USD which must include at least $300,000 of developed real estate in Cayman Brac inclusive of stamp duty. You must also show an income of $60,000 USD per year without the need for local employment.
What is the estimated yield and appreciation for this investment package?
The overall estimated yield for this package is 7.28%, with an estimated capital appreciation of 7.28% per year. The package is expected to generate an annual cash flow of $0.
How much stamp duty do I need to pay for this investment?
The stamp duty for this investment package is $43,110. This stamp duty is a one-time transfer tax of 7.5% of the total assessed value of the properties. There are no annual property taxes in the Cayman Islands.
Can I rent out the properties included in this investment package?
Yes, you can rent out the properties. The 2 bedroom single-family-home in Centre can serve as your primary residence or a rental property. The 0.45 acre parcel in Centre is ideal for generating rental income. Cayman has a healthy rental market for both short-term and long-term rentals.
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Investment Disclaimer†
Island Residency Solutions is not a licensed financial institution and does not provide financial advice or guarantees regarding financial outcomes. Any projections or illustrations of returns featured on this site are speculative and for informational purposes only and should not be interpreted as promises or assurances of future performance. All amounts are listed in USD and do not include ancillary costs such as closing fees, residency application fees, maintenance costs on a primary residence, or other associated expenses. Timelines and outcomes are not guaranteed. We strongly recommend consulting with qualified financial professionals before making any investment or financial decisions.