Cayman Islands – A British Crown Colony

People who wish to purchase land/property or visit on holiday could choose no where better than the beautiful Cayman Islands.  Located in the Western Caribbean sea approximately 400 miles South of Miami and 180 miles South of Cuba, the Cayman Islands are a British Crown Colony with a stable democratic Government and British Governor.

History

It was May 10th 1503 when Columbus discovered Little Cayman and Cayman Brac.  Whilst sailing from Panama to Hispaniola strong winds prevailed forcing his ship to go off course west.  The ship’s log recorded “we were in sight of two very small islands, full of tortoise, as was the sea about, inasmuch as they looked like little rocks”.  This was the reason that at that time Columbus named the islands ‘Las Tortugas’ but the name of the islands was later changed.

When Jamaica was captured from the Spanish by Oliver Cromwell’s army the islands officially became part of the British Empire under the Treaty of Madrid in 1670, after which Spain recognised British possession of all lands, islands, colonies and places situated in the West Indies.

Today people visit the islands from all over the world, many buying land or property, which is not surprising when there is the opportunity to live and spend time on a remote island swimming, snorkelling and diving off white sandy beaches.

Music

For music lovers, the Cayman National Cultural Foundation established in 1984 promotes Cayman folk music, including the organisation of festivals e.g. The Cayman JazzFest, Seafarers Festival and Cayfest.  The Cayman JazzFest founded in 2004 is a well-known Jazz Festival.  The Cayman Music and Entertainers Association represent local musicians’ interests and professional studios such as Hopscotch Studios offer recording and post production services.  Bona Fide are local popular musicians.

Advantageous Tax Regulations

The Cayman Islands impose very few forms of taxation upon its people.  This holds true for its foreign investors as well.  With regard to Cayman property ownership, the Cayman Islands assess no regular property taxes or capital gains taxes.  There is also no tax due to the Cayman Island’s Government for other income derived from Cayman Real Estate investment such as rent or dividends.

Ideal investment – St James Place, Little Cayman

St James Place is a small luxury 16 lot development and a great investment for the discerning purchaser with a 0% interest free payment plan over 5 years and tax free.  Details can be seen by clicking  the property for sale section on our web site together with brief information about other interesting opportunities.

For fuller comprehensive information contact us by email

Until next time…

Eugenie