cayman islands investment pdf
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Cayman Islands InvestmentTRANSCRIPT
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
Sandy Point beach on the east coast of Little Cayman, close to Lakeside Estate
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
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
A sea turtle found in the waters off Grand Cayman
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
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
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
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.
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A
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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
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ROYAL BIRKDALEGRAND CAYMAN
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LITTLE CAYMAN ESTATELITTLE CAYMAN
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LAKESIDE ESTATELITTLE CAYMAN
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DOLPHIN ESTATECAYMAN BRAC
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LITTLE DOLPHIN ESTATECAYMAN BRAC
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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
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
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
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
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
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
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