If you’ve ever been to Grand Cayman, you immediately understood why it’s one of the hottest tourist destinations in the entire world. The place is as close to heaven as there is on this planet, with perfect weather, beautiful beaches and wonderful people.
But while you’re no doubt already planning your next trip there, have you ever considered buying property in Grand Cayman? If not, you’re missing out.
First, owning real estate in Cayman Islands means you’ll always have a spot to visit and a reason to go. Imagine not having to book a reservation, getting the date you want or working around the hotel’s schedule.
Furthermore, you can rent your property out while you’re not down there. So go when you can and when you can’t, make money you can use to help pay the place off. Someday it will turn into a great investment property because, let’s face it, people aren’t going to stop visiting that Caribbean treasure.
Lastly, consider the tax benefits. The Cayman Islands basically have none. There is no income tax, no property tax, there isn’t even a tax in capital gains. Go enjoy the best diving in the Western hemisphere and leave some money ashore as an investment.
There’s no doubt buying property in the Cayman Islands is a big step, but it’s one with a number of benefits. You couldn’t ask to own land in a better place on the planet and you won’t have to worry about taxes while you’re down there.