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Cayman Islands Investment

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Page 1: Cayman Islands Investment PDF
Page 2: Cayman Islands Investment PDF

Bathed in the sparkling, turquoise waters of the Caribbean Sea lies a unique offshore banking haven that boasts a idyllic combination of British common law, tax privacy & freedom, and an enviable tropical marine climate.

The Cayman Islands foster one of the wealthiest and most privileged populations in the world, with the highest output per capita and amongst the finest standards of living on earth.

They remain an ultra-elite island destination with the 10th highest valued currency in the world, their own stock exchange, the absence of direct taxation and a well established financial reputation.

The Cayman Islands offer a realistic and durable real estate investment strategy.

Introduction

Idyllic beach on Little Cayman with views of Owen Island in the distance

Page 3: Cayman Islands Investment PDF

Sandy Point beach on the east coast of Little Cayman, close to Lakeside Estate

Page 4: Cayman Islands Investment PDF

1.1 Property Market Overview

Although Cayman’s economy is based primarily on the twin pillars of the territory’s successful offshore financial services industry and its tourism product, property is also a key economic generator and a spin off from the tourism sector.

There are no legal restrictions of any kind to foreign ownership of property in Cayman, which makes it very attractive to overseas investors. A real estate title can be held in one name, a group of people or by a company or corporation. Title to property is granted and guaranteed by the Cayman Islands Government protecting ownership.

These attractive factors, in addition to no annual property tax, no inheritance tax, political stability, favorable landlord and tenancy rules, a beautiful natural environment and many local attractions have facilitated the growth of a significant and buoyant property market.

1.2 Tourism-fuelled Economy

The territory has enjoyed stable economic prosperity for many years, with steady GDP growth being fuelled by luxury tourism, attracted to the clean, friendly and safe ambiance of all three islands.

The Tourism industry is responsible for more than 70% of Caymans’ GDP. This is fuelled by the islands vast unspoiled beaches, duty-free shopping, SCUBA diving and deep-sea fishing, which attracted figures in the region of 1.8 million air and cruise visitors in 2008 alone.

Its crystal-clear waters and unspoiled reefs make the Caymans one of the world’s most revered SCUBA diving destinations, with Little Cayman being listed as one of the best diving sites in the world.

The Cayman Islands are also the world leader in the registration of mega-yachts, and a major player in the registration of other vessels, thus underlying its proven capability to compete on an international level.

1.3 Financial Services Industry

The Cayman Islands is the fifth-largest banking centre in the world with $1.5 trillion in banking liabilities and a concentration of top-quality service providers such as UBS and Goldman Sachs.

They are home to 278 banks (as of June 2008), conducting banking activities at both domestic and international levels.

The most prominent sectors are banking, hedge fund formation & investment, structured finance & securitization, captive insurance and general corporate activities.

1.4 Political Stability

The success of the Cayman Islands originates from a long-standing stable government, operating British common law.

The Caymans have cultivated a robust platform to foster continued successful economic growth, which in turn, will perpetually attract investors, multinational organizations and skilled personnel.

1.5 Commitment from the Government

The Cayman Administration have committed to bolstering long term growth of economic output with continued investment in infrastructural enhancements.

Their endeavors to promote the international significance of the island is demonstrated by their current airport expansion program, in which terminal capacity will be tripled. This will support the addition of new air routes into the islands from north-eastern locations such as Chicago, traditionally considered as one of the top five source markets for US visitors.

Further initiatives aimed at boosting stay-over arrivals include a new promotional campaign by the Department of Tourism to target secondary markets such as Canada and the UK under the slogan of ‘Three islands, one idyllic destination’.

The government has also established the Cayman Island Investment Bureau (CIIB), the territory’s dedicated investment promotion agency with a mandate to facilitate and stimulate long term investments in all sectors of the economy.

1.6 Population Growth

With a current population of 57,000 residents, the CIA World Factbook lists the Cayman Islands as the 34th fastest growing population in the world at 2.39% per annum. However, the Cayman Economics and Statistics report for 2008 demonstrates a greater level of growth of 3.5% against the same period in 2007. Comparatively, the UAE is the highest at 3.69%, whilst the UK is listed at number 175 with a growth rate of 0.28% per year.

1.0 The Investment Argument

Scuba diving, Bloody Bay Wall, Little Cayman

Page 5: Cayman Islands Investment PDF

1.7 Construction and Real Estate

According to the Cayman Economics and Statistics office annual economic report 2008, construction recorded positive growth in 2008, to a value of $502.3million, representing a 12.5% increase on the previous year. Furthermore, despite a global decline, the number of transferred freehold properties rose by 4.5% in this year, to a value of $558.1million

1.8 Tax Residency

High-net-worth investors are encouraged to invest in the Cayman islands, with a view to achieving permanent residential status in order to take advantage of the tax benefits this may present. Application for residency is available via two different channels, either as Wealthy Retirees or Entrepreneur/Investors.

1.9 Summary

With the 10th most valued currency in the world, the highest standard of living in the Caribbean, its own stock exchange, no direct taxation and a distinguished financial reputation, the Caymans’ are a dominant player in this new era for property investments.

No local taxes - there is no income tax, no inheritance tax, no non-residents tax, • capital gains or other similar taxes in the Cayman Islands

Stability and Security - the Cayman Islands has a stable government, sophisticated • infrastructure and a strong economy based on international banking and tourism

Privacy - no reporting of income or ownership to any government agency•

Investment freedom - no restrictions on investment purchases •

Comprehensive investment services and opportunities•

Increasing population growth and commitment to securing increased tourism • revenue

Scuba diving, unknown location, Cayman Islands

Page 6: Cayman Islands Investment PDF

A sea turtle found in the waters off Grand Cayman

Page 7: Cayman Islands Investment PDF

2.1 Introduction

In the face of current global market conditions, the average number of Cayman Land transactions for the first half of 2009 is actually higher than in 2008. It is anticipated this trend is set to accelerate as investors capitalize on these tax free real estate propositions as inflationary pressures continue to affect the US dollar.

A viable, and potentially lucrative opportunity to purchase freehold plots of land issued with planning consent for residential development is now available to investors.

These building plots will be delivered with communication and utility infrastructure in place, including roads and electricity, giving owners the opportunity to develop their own bespoke luxury villas.

With no obligations to build in place, owners may elect to bank their land and realize their investment at a later date.

2.2 Developing your plot

Owners can maximize the real estate potential of their land by developing a villa for personal use, rental returns or simply to sell on completion.

A choice of Architects, Surveyors, Engineering and Project Management services, and an extensive choice of internationally recognized General Contractors are available to facilitate a straightforward and bespoke service.

2.3 Realizing your investment

As populations grow, the challenge of balancing the increasing need for housing with the growing importance of environmental and heritage concerns means that land with development or building potential can provide increasingly strong returns for investors.

Undeveloped, these building plots offer two exit strategies; the first, taking advantage of the price increase that will be associated with the completion of infrastructure components.

The second, longer term scenario will harness the combined increases in value facilitated by both infrastructure and international inflationary driven increase in land value.

2.0 Investment Options

Page 8: Cayman Islands Investment PDF

3.0 Developing your Plot

3.1 Land purchasing costs

There is no direct form of taxation levied within the Islands, aside from a one off “Stamp Duty” on real estate, at time of purchase.

Stamp Duty is charged at 7.5% on Grand Cayman and 6% on Little Cayman and Cayman Brac.

3.2 Project Services

We are pleased to introduce our affiliated architectural firm in the Cayman Islands, DDL Studio Ltd.

Based upon your requirements and objectives, the following scope of services are available:

Design of bespoke individual villas and facilities. •

Design development leading to planning application.•

Preparation of renderings and plans suitable for marketing purposes.•

Constriction documentation including all structural, mechanical, electrical and • plumbing design.

Building permit application.•

Preparation of bills of quantities / schedule of rates for the proposed works.•

Tender procedure.•

General contract documentation.•

Contract administration / project management. •

3.2 Projected land development costs example

All building plots will have planning consent to construct a detached villa over 2 storeys. Each story is allocated a built area covering 25% of the total plot square footage.

A maximum permissible built area of 50% can be achieved over 2 floors.

Construction costs can be calculated at between US$ 200 - 250 per ft2.

The budget for architectural, engineering and project management services should be based on 10% of the construction costs.

Allow 2 - 3% for miscellaneous costs.

Cayman Kai, Northside, Grand Cayman

Page 9: Cayman Islands Investment PDF

4.1 Payment Plan Options

Each parcel of land is purchasable under the following terms:

Reservation deposit US$1,999 paid upon signing of the Reservation Agreement•

First Payment: 30% of purchase price within 7 days of reservation•

Remaining balance can be paid, interest free, as below:•

Option 1: Payable quarterly over 1 year

Option 2: Payable quarterly over 2 years

Option 3: Payable quarterly over 3 years

4.2 Purchase Procedure

Reservation Agreement completed, signed and returned by fax or email1.

Deposit paid via credit card2.

Plot taken off the market3.

Original copy of signed Reservation Agreement expedited by registered post, 4. along with copies of required supporting documents

Consultation with legal representatives in Cayman Island (optional)5.

Purchase & Sale Agreement prepared by land owner and couriered to buyer6.

Buyer receives and completes Purchase & Sale Agreement7.

First Payment sent via bank transfer8.

Signed Purchase & Sale Agreement expedited by registered post by buyer9.

Title deeds issued once 100% purchase costs have been received by land 10. owner

4.0 Purchasing Structure 4.3 Due diligence

All relevant due diligence has been carried out on each building plot by one of the leading law firms on Grand Cayman. Copies of all the necessary documentation are available upon request.

4.4 Transferability

Before title deeds are issued

Investors have the option of selling their contract for the freehold plot of land at any time, there is a US$650 fee payable to the land owner for this service.

On receipt of title deeds

There are no legal encumbrances to prevent title deeds being reassigned.

All land in the Cayman Islands is recorded in a single registry. The land registry is maintained by the government which effectively guarantees title.

There are no time limits to development and planning permission will not expire. Plots as an asset can be willed and inherited.

Rum Point, Northside, Grand Cayman

Page 10: Cayman Islands Investment PDF

5.1 Location

The Cayman Islands comprise of Grand Cayman, Cayman Brac, and Little Cayman. They lie south of Cuba and north west of Jamaica, time zone GMT -5.

Grand Cayman is by far the biggest with an area of 76 square miles. The two “Sister Islands” of Cayman Brac and Little Cayman are located about 80 miles east of Grand Cayman and have areas of 14 square miles and 10 square miles respectively.

All three islands are surrounded by healthy coral reefs, which lie at the top of dramatic walls and drop-off’s close to shore, creating ideal conditions for diving and sport fishing.

5.2 History

Christopher Columbus discovered the Caymans in 1503. They remained uninhabited until well after the 1670 acquisition of the islands by the British Crown, which has held dominion over the three islands ever since.

Its superior diving conditions put the Cayman Islands on the international tourist map in the early 1950s. Despite its diminutive size, Little Cayman quickly established itself as a top diving site. Bloody Bay Marine Park has some of the best wall diving anywhere in the world.

During the next decade, Caymanians began to draw up the tax structure that would make Grand Cayman an economic powerhouse and at the same time put in place an infrastructure that has made it the undisputed capital of Caribbean tourism.

5.3 Money

With no direct taxation, the islands are a thriving offshore financial centre. More than 87,000 companies were registered in the Cayman Islands as of 2008, including almost 300 banks, 800 insurers, and 5,000 mutual funds. A stock exchange was opened in 1997.The Cayman Islands have more registered businesses than they have people.

With an average income of around $42,000, Caymanians enjoy the highest standard of living in the Caribbean, indeed, one of the highest in the world. The official currency is the Cayman Islands dollar (CI$) and permanently fixed at an exchange rate of CI$0.80 to US$1 (US$1 equals CI$1.25).

5.0 Background Information 5.4 Travel

Several airlines serve the Islands, which are just over one hour south of Miami. These include the national airline Cayman Airways, American Airlines, USAIR, Northwest, Delta, Continental, Air Canada, British Airways, and Air Jamaica.

The national carrier serves Miami, Houston, Tampa, Orlando, Fort Lauderdale, Boston, Chicago; Kingston and Montego Bay, Jamaica; Havana, Cuba; and Cayman Brac and Little Cayman. Direct links with other US gateways such as Atlanta, New York and Charlotte are provided by the US carriers serving the Islands.

Regular, direct scheduled flights departing from London Heathrow to Grand Cayman’s Robert Owen International Airport are available with British Airways.

5.5 Climate

The Cayman Islands boast an exotic, tropical climate throughout the year, with trade winds moderating high temperatures which range from 25oC in winter to approximately 30oC in summer. High season runs from December to April where temperatures are generally cooler and more favorable for tourism. The rainy season is typically from May to October with short burst showers

Strict building codes are in place to withstand hurricanes. The government has appropriate measures in place to prepare for such conditions and offers a hurricane protection policy guarantee in order to maintain tourism growth.

A

A

B

0 5 Miles

0 50 Miles

B

The Sister Islands

Little Cayman

Cayman Brac

Location

BoatswainsBay

NorthWestPoint

Conch Point

BARKES

WEST BAY

SEVENMILE

BEACH

GEORGETOWN

SOUTHSOUND

SPOTTS SAVANNAHBODDEN

TOWN

BREAKERSEAST END

NORTH EAST COAST

NORTH SIDE

CAYMAN KAIRum Point

SNUG HARBOUR

CAYMANABAY

NEW LANDS

PEDROST JAMES

NORTHWARDPEASE BAY

FRANK SOUND ROAD

OLD MAN BAY COLLIERS

SAND BLUFF

GUN BAY

HIGH ROCK

Salt Creek

GovemorsCreek

Booby Cay The Mountain

NortSoundEstates

The Quarry

FrankSound

SpotterBay

LittleSound

ProspectPoint

RED BAY

St JamesPoint

NorthSound

Owen RobertsInternational

Airport

Grand Cayman

1

West EndPoint

Jackson’s Bay Jackson’s Pond

OLIVINE KIRK DRIVE

SPOT BAYROAD

NORTH COAST ROAD WEST

NORTH COAST ROAD EAST

GUY BANKS ROAD

Bloody Bay

Spot Bay

Preston Bay

Wearis Bay

OWENISLAND

South Hole Sound

Grape Tree Bay

Grape Tree Pond

Tarpon Lake

Charles Bight Pond

Easterly Ponds

Westerly Ponds

Mc Coy’s Pond

Charles Bight

Rosetta Flats

Crawl BayMarry’s Bay

East Point

Sandy Point

Edward BoddenAirport

BlossomVillage

West EndPoint Dick

Sessinger’sBay

SOUTH SIDEROAD WEST

SOUTH SIDEROAD EAST

ASHTON REIDDRIVE

WEST END ROAD

Spot Bay

Creek

DennisPoint

Deadman’sPoint

Bamboo BayStake Bay Point

Mallarb’s Point

Booby Point

Bessy Howard Cay

Salt Water Point

JenniferBay

HawkesbillBay

Tom Jennett’sBay

Cat HeadBay

PollardBay

North East Point

Gerrard SmithAirport

4

2

3

5

ROYAL BIRKDALEGRAND CAYMAN

1

LITTLE CAYMAN ESTATELITTLE CAYMAN

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LAKESIDE ESTATELITTLE CAYMAN

3

DOLPHIN ESTATECAYMAN BRAC

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LITTLE DOLPHIN ESTATECAYMAN BRAC

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Page 11: Cayman Islands Investment PDF

Grand Cayman

0 5 Miles

BoatswainsBay

NorthWestPoint

Conch Point

BARKES

WEST BAY

SEVENMILE

BEACH

GEORGETOWN

SOUTHSOUND

SPOTTS SAVANNAHBODDEN

TOWN

BREAKERSEAST END

NORTH EAST COAST

NORTH SIDE

CAYMAN KAI

Rum Point

SNUG HARBOUR

CAYMANABAY

NEW LANDS

PEDROST JAMES

NORTHWARD

PEASE BAY

FRANK SOUND ROAD

OLD MAN BAYCOLLIERS

SAND BLUFF

GUN BAY

HIGH ROCK

Salt Creek

GovemorsCreek

Booby Cay The Mountain

NortSoundEstates

The Quarry

FrankSound

SpotterBay

LittleSound

ProspectPoint

RED BAY

St JamesPoint

NorthSound

Owen RobertsInternational

Airport

ROYAL BIRKDALEGRAND CAYMAN

6.01 Grand Cayman

The largest of the three islands, Grand Cayman has an area of about 76 square miles and is approximately 22 miles long with an average width of four miles. Its most striking feature is the shallow, reef-protected lagoon (the North Sound) which has an area of about 35 square miles.

Grand Cayman is also the home of the capital George Town and has some of the finest tax-free shopping experiences available in the entire Caribbean. It is particular well known for its spectacular diving and snorkeling and the island features many reefs and walls with many sites accessible by swimming from shore. Spectacular natural beauty, a wealth of activities and points of interest, along with all the modern conveniences can all be found here on the island that boasts some of the finest cuisine in the Caribbean.

6.02 Royal Birkdale

Royal Birkdale is a spectacular development on the North side, known as Millionaires row. This part of the island is the future of Grand Cayman with many world-renowned hotel groups looking to develop in the area.

There are 60 plots that all face north and they are on or near to the beach with fantastic sea views and give access to a beautiful white sandy beach. Not far from Royal Birkdale is ‘Rum Point’ which is famous for its beach bars, island atmosphere, idyllic beaches and shallow clear waters. The pace of life on this part of the island makes it a perfect destination to relax and unwind.

6.0 Project Location - Royal Birkdale

Page 12: Cayman Islands Investment PDF

Little Cayman

0 5 Miles

West EndPoint

Jackson’s Bay Jackson’s Pond

OLIVINE KIRK DRIVE

SPOT BAYROAD

NORTH COAST ROAD WEST

NORTH COAST ROAD EAST

GUY BANKS ROAD

Bloody Bay

Spot Bay

Preston Bay

Wearis Bay

OWENISLAND

South Hole Sound

Grape Tree Bay

Grape Tree Pond

Tarpon Lake

Charles Bight Pond

Easterly Ponds

Westerly Ponds

Mc Coy’s Pond

Charles BightRosetta Flats

Crawl Bay East Point

Snipe Point

Sandy Point

Edward BoddenAirport

BlossomVillage

LITTLE CAYMAN ESTATELITTLE CAYMAN

6.11 Little Cayman

Little Cayman is the smallest of The Cayman Islands - 10 miles long by 1 mile wide. It is the least developed Cayman island and with approximately 170 very wealthy inhabitants.

Little Cayman is truly an untouched tropical paradise with sparkling beaches and sun drenched seclusion. Selective, small-scale tourism and related services, combined with a high measure of natural conservation in keeping with the islands sensitive and unique environmental characteristics and the fact it is so small and exclusive means that it really is like owning a piece of your own private island.

Plots on Little Cayman are thus consistently in short supply and in very high demand.

6.12 Little Cayman Estate

A perfect location situated on The North Side of the island. The site faces north westerly and features 68 plots, with the topography of the land giving a slope from top to bottom. It ensures that all plots are naturally 4ft above sea level, a legal requirement on recent new builds, so that there are no additional costs relating to this when developing your land.

The site is close to the Cayman Islands Marine Biology Centre and it is also sits in front of a protected nature reserve. This will limit the number of new builds and will help maintain the area as an island paradise. It is generally known as the best place to build as it is protected by the weather coming from the Southeast. The beach has pure white sand and most of the plots on this site have sea views or partial sea views. Sandy point Beach is only a short distance away and it is recognised as the best in the area. You can luxuriate in the sun or you can row out to the tiny, deserted Owen Island to enjoy a view of nature in its most pristine form.

6.1 Project Location - Little Cayman Estate

Page 13: Cayman Islands Investment PDF

Little Cayman

0 5 Miles

West EndPoint

Jackson’s Bay Jackson’s Pond

OLIVINE KIRK DRIVE

SPOT BAYROAD

NORTH COAST ROAD WEST

NORTH COAST ROAD EAST

GUY BANKS ROAD

Bloody Bay

Spot Bay

Preston Bay

Wearis Bay

OWENISLAND

South Hole Sound

Grape Tree Bay

Grape Tree Pond

Tarpon Lake

Charles Bight Pond

Easterly Ponds

Westerly Ponds

Mc Coy’s Pond

Charles BightRosetta Flats

Crawl Bay East Point

Snipe Point

Sandy Point

Edward BoddenAirport

BlossomVillage

LAKESIDE ESTATELITTLE CAYMAN

6.21 Little Cayman

Little Cayman is the smallest of The Cayman Islands - 10 miles long by 1 mile wide. It is the least developed Cayman island and with approximately 170 very wealthy inhabitants.

Little Cayman is truly an untouched tropical paradise with sparkling beaches and sun drenched seclusion. Selective, small-scale tourism and related services, combined with a high measure of natural conservation in keeping with the islands sensitive and unique environmental characteristics and the fact it is so small and exclusive means that it really is like owning a piece of your own private island.

Plots on Little Cayman are thus consistently in short supply and in very high demand.

6.22 Lakeside Estate

Lakeside Estate offers an unparalleled combination of sun-blessed solitude, glistening beaches and miles of untouched tropical wilderness. Here, shy iguanas and rare birds outnumber humans.

This site is only a short distance from Sandy point Beach, which is recognised as the best in the Caribbean. It faces south and features 70 plots, with the topography of the land giving a slope from top to bottom. This ensures that every plot is naturally 4ft above sea level, a legal requirement on recent new builds, so that there are no additional costs relating to this when developing your land.

It also has some great views of one of the few lakes on the Island. You can luxuriate in the sun, go snorkeling or kayaking in the crystal clear waters that are protected by a perfect natural reef or take a boat to Owen Island where you can enjoy a view of paradise in its most pristine form.

6.2 Project Location - Lakeside Estate

Page 14: Cayman Islands Investment PDF

Cayman Brac

0 5 Miles

West EndPoint Dick

Sessinger’sBay

SOUTH SIDEROAD WEST

SOUTH SIDEROAD EASTASHTON REID

DRIVE

WEST END ROAD

Spot Bay

Creek

DennisPoint

Deadman’sPoint

Stake Bay

Bamboo BayStake Bay Point

Mallarb’s Point

Booby Point

Bessy Howard Cay

Salt Water Point

JenniferBay

HawkesbillBay

Cat HeadBay

PollardBay

North East Point

Gerrard SmithAirport

DOLPHIN ESTATECAYMAN BRAC

6.31 Cayman Brac

Cayman Brac’s rugged 14 square miles retains the charm and friendliness of a traditional seafaring community - yet it offers the country’s most dramatic scenery.

“Brac” is the Gaelic word for bluff, the Brac’s dominant natural attraction. It is a limestone ridge which rises gradually from the west along the center of the island to 140 ft. at the eastern tip, plunging as a sheer dramatic cliff into the indigo Caribbean Sea below. It sculpts the landscape into unexpected vistas carved with caves and covered with a startling variety of flora and fauna.

6.32 Dolphin Estate

Dolphin Estate is located on the west of the island. The site faces southwest and is on the bluff, and due to the gentle slope it means all 175 plots have excellent views across the Caribbean Sea.

It is a short distance from white sandy beaches and warm, shallow waters, which is an ideal place to relax and soak in the sun. There is also a nearby town with a number of welcoming restaurants serving local dishes made from the fish caught fresh that day.

The more adventurous may want to try Scuba diving around the islands newest attraction, the wreck of a Cuban naval frigate, which was intentionally sunk off the island’s northwest coast in September 1996. The ship wreck has created new coral reefs, which encourages a whole host of sea creatures to thrive and flourish, making diving in the area a breath taking experience.

6.3 Project Location - Dolphin Estate

Page 15: Cayman Islands Investment PDF

Cayman Brac

0 5 Miles

West EndPoint Dick

Sessinger’sBay

SOUTH SIDEROAD WEST

SOUTH SIDEROAD EASTASHTON REID

DRIVE

WEST END ROAD

Spot Bay

Creek

DennisPoint

The Rock

Deadman’sPoint

Stake Bay

Bamboo BayStake Bay Point

Mallarb’s Point

Booby Point

Bessy Howard Cay

Salt Water Point

JenniferBay

HawkesbillBay

Cat HeadBay

PollardBay

North East Point

Gerrard SmithAirport

LITTLE DOLPHIN ESTATECAYMAN BRAC

6.41 Cayman Brac

Cayman Brac’s rugged 14 square miles retains the charm and friendliness of a traditional seafaring community - yet it offers the country’s most dramatic scenery.

“Brac” is the Gaelic word for bluff, the Brac’s dominant natural attraction. It is a limestone ridge which rises gradually from the west along the center of the island to 140 ft. at the eastern tip, plunging as a sheer dramatic cliff into the indigo Caribbean Sea below. It sculpts the landscape into unexpected vistas carved with caves and covered with a startling variety of flora and fauna.

6.42 Little Dolphin Estate

Little Dolphin Estate is located on the west of the island. The site faces southwest and is on the bluff, and due to the gentle slope it means all 175 plots have excellent views across the Caribbean Sea.

It is a short distance from white sandy beaches and warm, shallow waters, which is an ideal place to relax and soak in the sun. There is also a nearby town with a number of welcoming restaurants serving local dishes made from the fish caught fresh that day.

The more adventurous may want to try Scuba diving around the islands newest attraction, the wreck of a Cuban naval frigate, which was intentionally sunk off the island’s northwest coast in September 1996. The ship wreck has created new coral reefs, which encourages a whole host of sea creatures to thrive and flourish, making diving in the area a breath taking experience.

6.4 Project Location - Little Dolphin Estate

Page 16: Cayman Islands Investment PDF

House-In-A-Box is a revolutionary concept that will offer clients the choice to adopt one of three luxury, turn-key villa projects for their building plot.

Clients will be presented with three contemporary architectural design concepts to choose from.

The turn-key projects will include full planning permission, building licenses and architectural designs in place to build their chosen villa design.

A crucial part of the service will be a dedicated project management team that will take full control of the construction of the properties and send detailed updates of the process back to the clients.

The turn-projects will be available for a fraction of the cost associated with going it alone and add enormous value to the land plots.

7.0 House-In-A-Box Design Concept

Page 17: Cayman Islands Investment PDF

7.0 Advisors

Maples and Calder - International Law FirmPO Box 309, Ugland HouseSouth Church Street, George TownGrand Cayman KY1-1104

Tel: +1 345 949 8066 [email protected]: +1 345 949 8080 www.maplesandcalder.com

Redmount Trust Group Limited - Wealth Management and Offshore SpecialistsMezzanine WestHadfield HouseLibrary StreetGibraltar

Tel: +350 48844 [email protected]: +350 48846 www.redmountgroup.com

DDL Studio Ltd - Architecture and Project Management ServicesP.O Box 31318Seven Mile BeachGrand CaymanKY1-1206

Tel: +1 345 945 3622 [email protected]: +1 345 945 3623 www.ddlstudio.com

Cayman Islands Government - Planning DepartmentLeeward One BuildingRegatta Office ParkWest Bay Road, George TownGrand Cayman

Tel: +1 345 769 7526 www.planning.gov.ky

Page 18: Cayman Islands Investment PDF