Once the sale is not a one-off payment of 5.7 percent of assessed value of the house to fix the title. The stamp duty from 1 to 1.5 percent, it is necessary to buy homes mortgage. Like many homeowners in Grand Cayman value of privacy, many people buy a house in the name of a company that is registered in the Cayman Islands, to keep his name off the title.
As you can see, there are certain restrictions on investment in the luxury life in Grand Cayman. Although most investors use their homes in the Cayman Islands as a second home or vacation house, I want to ask some foreigners Thurs taken permanent residence in Iceland. More categories to consider the government to obtain permanent residency, including the wealthy retirees, entrepreneurs and investors in residence for 25 years. A recently approved bill granting a certificate of residence for companies to attract wealthy investors in the Cayman Islands. The cost of the certificate is $ 24,000 (USD), and allows the investor, spouse and dependents living in Iceland without a work permit. The requirements that a net worth of $ 6 million (KYD) $ 2,400,000 investment (KYD) a licensed company, which is 50 percent of the domestic workforce, such as the Cayman Islands and a criminal record in his homeland.
The islands attract wealthy investors due to tax benefits and privacy laws, but the main attraction is always the calm and beauty of the islands - a life of luxury at its finest.
