9.28%
9.28%
$0
Qualify for Lifetime Residency with GC189
For an investment of $2,426,920 USD, you can purchase a 3 bedroom condo in West Bay and 0.29 acre parcel in Rum Point on Grand Cayman, with a 7.5% one-time property transfer tax.
This investment package is designed to qualify you for a Certificate of Permanent Residency for Persons of Independent Means in the Cayman Islands. The certificate has a threshold investment of $2,400,000 USD which must include at least $1,200,000 of developed real estate in Grand Cayman inclusive of stamp duty. You must also show an income of $180,000 USD per year without the need for local employment.
On successful application, you will have lifetime permanent residency status. After holding this certificate for a minimum of five years, you may apply for naturalization, which can lead to the right to a Cayman Islands passport.
GC189 Summary
Primary Residence MLS #418399
Cayman Immigration law requires an investment in developed real estate, and so your purchase of a 3 bedroom condo in West Bay on Grand Cayman is the cornerstone of your investment. Grand Cayman 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 #417749
You are purchasing a 0.29 acre parcel in Rum Point on Grand Cayman. Historically, land in Cayman has shown significant capital appreciation due to rapid development and limited space available. Plus, land like your 0.29 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 3 bedroom condo in West Bay for $1,987,000 and 0.29 acre parcel in Rum Point for $270,600, your stamp duty is $169,320. Cayman does not have an annual property tax.
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FAQ: Investing in GC189
What does this investment package include?
This package includes a 3 bedroom condo in West Bay on Grand Cayman, a 0.29 acre parcel in Rum Point on Grand Cayman, with a stamp duty payment of $169,320.
What are the residency requirements for this investment in Grand Cayman?
This investment package is designed to qualify you for a Certificate of Permanent Residency for Persons of Independent Means in the Cayman Islands. The certificate has a threshold investment of $2,400,000 USD which must include at least $1,200,000 of developed real estate in Grand Cayman inclusive of stamp duty. You must also show an income of $180,000 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 9.28%, with an estimated capital appreciation of 9.28% 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 $169,320. 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 3 bedroom condo in West Bay can serve as your primary residence or a rental property. The 0.29 acre parcel in Rum Point 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.