Having a Home in the Cayman Islands

There are a million reasons to visit the Cayman Islands, but most people would agree that the easiest one is that it’s paradise. Every year, hundreds of thousands of tourists will visit the Cayman Islands to relax and enjoy a plethora of sights. What could be better than visiting? How about having your own place?

As with visiting, there is no shortage of reasons people purchase Cayman homes. Of course, it doesn’t hurt that the purchase is tax-free. In fact, everything on the Islands is tax-free. There is no capital gains tax, no income tax, no property tax and no income tax.

That’s not the only way to save money on Cayman properties, though. If you’re not planning on moving there full time, you can actually rent your home out to other visitors. This way, you’re actually helping yourself to pay the mortgage off. Once you do, that money becomes pure profit and you have a permanent residence on one of the most beautiful islands on the entire planet.

This process is even easier when you consider how many businesses exist to help you manage your property in these situations. While your away, you can simply pay a property management firm to clean your house, look after it and see to any of the needs your guests may have.

______________________________________________________________________

Article submitted by Dream Finders. The website is dedicated to Cayman Islands homes for sale, information on owning property there and everything else related to Cayman Islands real-estate.