10 Reasons Why The Cayman Islands Should Be Your First Choice For Relocation, Retirement, Or Residency

In these current times of pandemic and uncertainty, it’s clear to see why the Cayman Islands are increasingly touted as the perfect place to relocate or retire.

If you have the opportunity and resources, there are many compelling reasons to move to the Cayman Islands. With 300 days of sunshine a year, a friendly and cosmopolitan population, magnificent beaches, low crime, and an economy that thrives without any taxation, the Cayman Islands are a true Caribbean tropical paradise. 

In these current times of pandemic and uncertainty, it’s clear to see why this British Overseas Territory is increasingly touted as the perfect place to relocate or retire. Here are 10 of the top reasons why:

Great Location: The Cayman Islands are easy to reach from both North America and Europe. It’s a one-hour flight to Grand Cayman from Miami, a major international airline hub and the world’s biggest cruise terminal. The territory has daily non-stop flights to London Heathrow, one of the world’s busiest airports.

Mature and Stable Property Market: Regulated by CIREBA, the Cayman Islands Real Estate Brokers Association, a professional real estate industry that ensures new and existing residents can buy or rent homes and commercial property with minimal legwork and restrictions. All property for sale in the Cayman Islands comes with a guaranteed title.

Optional Residency: You are eligible for permanent residency if you have an independent annual income of CI$150,000 and make a local investment of CI$ 1 million. Most foreign real estate buyers meet the investment requirement by purchasing Cayman properties above CI$1 million to meet the requirement for residency with one transaction. 

Minimal Red Tape: Setting up a business in the Cayman Islands, securing work and residency permits, and opening the doors for business usually takes just four days, thanks to tax-free zones and minimal government red tape.  

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