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		Call 345.916.7020 T 345.945.6080 F 345.949.9753 7 Mile Shops, West Bay Road, Grand Cayman

The Cayman Islands are a British overseas territory located in the western Caribbean Sea, comprising the islands of Grand Cayman, Cayman Brac, and Little Cayman. It is a global offshore financial services centre and one of the leading tourist scuba diving destinations in the world.

Financial Information
Butterfield Bank
	Interest Rates
	Mortgages
	Insurance

Real Estate Information

Ownership
There are no legal restrictions of any kind on foreign ownership of property. A title to real estate can be held in one or more names of individuals or in a corporation. A title is granted and guaranteed by the Cayman Islands Government, thus ensuring and protecting property ownership. Further, there are no imposed requirements to develop land (excluding subdivisions which do have Covenants) within a stipulated time period; consequently, parcels can be held indefinitely, with little or no expense, for future use or speculation.

Note: There is no yearly property tax in Cayman.

Land Recordation
Cayman's land registry system is well-organized and an up-to-date system, which guarantees title as all deeds are registered in one location. The land transfer process is expeditious and secure. This allows one to confirm history on a particular property, including restrictions or easements.

Exchange Controls
There are no exchange controls. Funds and financial assets in any currency or gold can be transferred freely into and out of the country. The official currency is the CI dollar; however, the US dollar, with a fixed rate of exchange, is widely used in local finance and commerce. Banks generally buy $US1.00 at CI$0.82 and sell US$1.00 at CI$0.84. For retailers/hotels, etc. US$1.00 = CI$0.80.

The Cayman Islands Real Estate Brokers Association

A regulatory broker's association that guides its members under strict rules and regulations. Consisting of an MLS service similar to the US and Canada, the members have access to every listing currently on the market. This makes it easier for prospective buyers as it enables them to work with one Agent island-wide and still be assured of viewing all available properties of interest. CIREBA also publish a magazine showcasing the majority of properties currently on the market. This magazine is published three times a year and can be obtained free of charge locally or mailed by pre-paid subscription.