Cayman Island Property: Grand Cayman, Cayman Brac and Little Cayman Caymans Island property is available on the three islands, the Grand Cayman, Cayman Brac and Little Cayman. Overseas individual investors are allowed to hold property with freehold title without any restrictions. Business investments need licenses and approvals and companies need to be registered before making any property investments. The investments in the Caymans are safe because there is a proper government in place. The islands enjoy British Overseas Territory status and has parliamentary democracy with a Governor appointed the British Queen, and Legislative Assembly elected by the people. While the Governor and a Cabinet elected by the Assembly attend to executive matters, three courts – Summary Court, Grand Court and the Court of Appeal – carry out the judicial function. All property transactions including purchases and charges are recorded electronically by the Land Registry section of the Land and Survey Department. Individual pieces of property are identified by unique block and parcel numbers. Zoning and land use regulations are in force for Caymans Islands property and all developments need to adhere to these. Planning permissions must be obtained from the Central Planning Authority in Grand Cayman or the Development Control Board in the case of Cayman Brac and Little Cayman before any land development work is undertaken. Caymans Islands Properties for Individual Investors Individual investors might find it too much of a bother to attend to all the paperwork and formalities involved in land development and subsequent building construction. A building permit is needed before construction can begin and a Certificate of Occupancy must be obtained before it is occupied. For the individual investor, the preferred option is to buy readymade plots from developers. Professional developers attend to all the formalities and develop layouts with essential infrastructure such as asphalt roads and electric power connections. Buyers of the plots will then need to prepare architectural plans and construction documents before applying for building permits. And once the permits are obtained they would need to manage the construction project. On the other hand, there are options where developers provide a full suite of architectural and construction documents along with each plot. Going further, they will arrange to obtain the building permits and manage the construction project much better than is possible for an overseas investor. One such opportunity includes layouts such as: Dubli Golf & Beach Resort on the Grand Cayman facing the Rum Point Beach Little Dolphin Estate on the Cayman Brac located amidst greenery near the northern beach Lakeside Estate on the Little Cayman adjacent to the Sandy Point Lake on the south east of Little Cayman Caymans Islands properties such as the above combine investment value and investor convenience. Cayman Island Property can have many different advantages such as the non-exsistent crime rate and the beautiful white beaches. Why not contact us invest in one of these stunning properties today? Cayman Island Property: Grand Cayman, Cayman Brac and Little Cayman is a post from: CrownWorldCrownWorld Ltd - Land Investments - Little Cayman Land For Sale The post Cayman Island Property: Grand Cayman, Cayman Brac and Little Cayman appeared first on CrownWorld Ltd.
Posted on: Wed, 05 Nov 2014 20:33:17 +0000
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