Best ways for foreigners to buy land in the Cayman Islands

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Cayman Islands Real Estate Agent Rick Burgos
www.rickscaymanproperties.com [phone]
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About Rick
Born in Belize, but living in the Cayman Islands
for the last 44 years! I have had the distinct
pleasure of experiencing and contributing to the
most successful development era of these
beautiful Islands. As a result, I am very
familiar with the Cayman Islands Real estate
market, the residents and the business
processes. After 25 years as a banker, I
ventured into Real Estate in 1992 and have been a
solid producer with Coldwell Banker, winning
annual international awards to the Diamond
Society, the President's Circle and President
Elite.
www.rickscaymanproperties.com
[phone]
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Buy Real Estate in the Cayman Islands
Thinking of

• Buy real estate in the Cayman Islands for the
  first time
• Upgrading currently owned property or
• Any other investment opportunity

Things you should know
There are no restrictions on foreign ownership
and in fact foreign ownership is what has made
Cayman grow the way it has over the past 40
years. Ownership can be verified by means of a
simple check at the Land Registry and title is
guaranteed by the Government, eliminating the
need for title insurance. Title can be taken in a
variety of ways including a corporation which
does not reveal beneficial ownership. There is a
government Stamp Duty fee on registration of
title which is paid by the purchaser.
www.rickscaymanproperties.com
[phone]
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Buy Real Estate in the Cayman Islands
Things you should know
For foreign owners a one-time fee of either 6 or
7.5 (depending upon the location) is paid on the
higher of the price or fair market value of the
property, but NOT on furnishings (chattels)
purchased with the property. Stamp duty along
West Bay Road, on the water in the Seven Mile
Beach corridor, and in the downtown George Town
area is charged at 7.5. In all other areas the
rate is 6. Caymanians purchasing property
falling within the 6 duty rate area pay 4.
www.rickscaymanproperties.com
[phone]
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Buy Real Estate in the Cayman Islands
Things you should know
Mortgage financing is available from some local
banks generally between 50 up to about 80
based on the three "C"s of lending CASH, ( how
much of a deposit is being provided) CREDIT (what
is the credit rating of the individual) ,
COLLATRAL )What is the value of the collateral
being offered). A minimum of two years tax
returns is usually required to verify income and
employment information. Interest rates vary and
are usually 1 to 3 above New York Prime.
www.rickscaymanproperties.com
[phone]
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Buy Real Estate in the Cayman Islands
I can assist you every step of the way to making
an informed real estate decision

• advising on choosing the right property
• making an offer
• arranging financing
• placing your currently owned property on the
  market for sale
• assisting you in pricing your property
• marketing your property effectively
• clinching a deal
• As a member of CIREBA (Cayman islands Real Estate
  Brokers Association) , I have access to all
  listings - no need to call every listing agent
  individually.
• Your time is valuable ?
  let me do the leg work for you!
• Rick is your advisor and
  problem solver.

www.rickscaymanproperties.com
[phone]
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Contact RICKS Today!
Address 1364 West Bay Rd, George Town,
Cayman Islands
Cell [phone]
Phone [phone]
Email rickb.cirealty_at_gmail.com
Website www.rickscaymanproperties.com