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Top advice on purchasing Grand Cayman property

The Cayman Islands Real Estate Brokers Association (CIREBA) is the only professional Association of Realtors in the Cayman Islands and has been in operation since 1987. Dealing with a CIREBA Member is your assurance of doing business with a trained professional who at all times will be guided by the high standards set by CIREBA.<br>If you would like to know more about CIREBA visit : http://www.cireba.com/

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Top advice on purchasing Grand Cayman property

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  1. The Cayman Islands Real Estate Brokers Association (CIREBA) The Cayman Islands Largest Real Estate Portal Cayman Multiple Property Listings www.cireba.com cireba@candw.ky (345) 949 7099

  2. What is CIREBA? The Cayman Islands Real Estate Brokers Association (CIREBA) is a not-for-profit Association that was set up in 1987 to provide a professional network for the different real estate companies in the Cayman Islands. Today it provides the Multiple Listing System (MLS) and acts as a central source of information for its Members, including the publication of this magazine. www.cireba.com cireba@candw.ky (345) 949 7099

  3. Buy & Invest in Cayman The Cayman Islands Stamp Duty Stamp Duty Rates While negotiating stamp duty is made relatively straightforward by the efficiency of the Lands and Survey Department, working with a CIREBA agent is recommended to ensure your full understanding of the more detailed information about fees and administration, exemptions, chattels and other queries. www.cireba.com cireba@candw.ky (345) 949 7099

  4. Buy & Invest in Cayman The Cayman Islands Stamp Duty Stamp Duty Calculator The stamp duty rate on all three Cayman Islands is 7.5% on the purchase price (also termed the consideration) or the market value of the property, whichever is higher. Stamp duty is calculated in Cayman Islands currency. Paying Stamp Duty A property assessment may be carried out by the Lands and Survey Depart of the Cayman Islands to establish which figure is greater, the market value or the consideration. Payment must be paid within 45 days of a contract signing. www.cireba.com cireba@candw.ky (345) 949 7099

  5. Buy & Invest in Cayman The Cayman Islands Stamp Duty Stamp Duty on Land Purchase Pay your stamp duty at the time of buying the raw land and pay only on the land value and not the completed building. Once granted planning permission, your approval is valid for five years. It is commonly agreed that most homes can be built within a six to eight month period following the initial design and planning stages of four to six months. www.cireba.com cireba@candw.ky (345) 949 7099

  6. Buy & Invest in Cayman The Cayman Islands Stamp Duty Stamp Duty on Mortgage – Other Fees Duty is charged on mortgages of less than CI$300,000 at 1% and on larger mortgages at 1.5%. The process may incur up to 1% for legal and registration fees. Aim to pay in the region of CI$400 for this report. www.cireba.com cireba@candw.ky (345) 949 7099

  7. Contact Us THE CAYMAN ISLANDS REAL ESTATE BROKERS ASSOCIATION Mail Address: P.O. Box 1977, Grand Cayman, KY1-1104, Cayman Islands Phone: (345) 949 7099 Fax: (345) 949 6819 E-mail: cireba@candw.ky Website:www.cireba.com

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