A Brief Guide to Living on the Cayman Islands

Transitioning from a metropolitan or rural area to the Cayman Islands can be a significant lifestyle change. 80-degree weather and a generous helping of sand and salt are what you can expect as a resident of these diverse islands. Once you overcome these ritualistic conditions, be prepared to soak in all the beauty and splendor that only the Cayman Islands can offer.

About Grand Cayman

The Cayman Islands are separated into three islands: Grand Cayman, Cayman Brac, and Little Cayman. The largest of the islands, Grand Cayman has a bustling population of over 58,000, which is roughly more than half of the entire population of the Cayman Islands. George Town, the territory’s capital, houses a majority of the residents and offers a signature Caribbean experience to residents and visitors alike. Shop at their duty-free retailers or swim with the gentle stingrays at the Stingray City Sandbar. With endless amounts of activities for you to partake in and a lively and charming community, you’ll soon come to realize the unique comforts and charms of island living.

Residency

One of the biggest obstacles that you’ll face when moving to the Cayman Islands doesn’t have to do with real estate, but the lifestyle transition that you’re going to make. The locals that live on Grand Cayman are typically diverse with European, African, and mixed ancestries making up the whole of the island.

If you’re fond of seafood, Grand Cayman offers some of the finest dishes that you can only find in this section of the world – fancy some jerk chicken in your spare time, you won’t regret it.

Obtaining a home on Grand Cayman typically goes for $300,000 for a three-bedroom, two-bathroom on the northwest part of the island – which is a quaint but absolutely beautiful area. That’s fairly priced, considering you’re choosing to live in paradise. Cayman luxury real estate firms also display beautiful upscale homes, if you’re looking to live a lavish lifestyle. It’s important that you track and set up your average monthly expenses prior to moving to Grand Cayman. The Cayman Islands Dollar (CI) to your currency should be factored in to your earnings so that you get an accurate estimate on how much it will cost you to live here.

Opening a Business

Cayman Islands commercial property opportunities are available around each island. Cayman offers a regulated tax neutral business environment. If you were to conduct affairs outside of the Cayman Islands, understand that there are certain compliance orders that need to be respected prior to starting up.

Bio: Contact RE/MAX Cayman Islands to connect with a local real estate expert that will help you find the property of your dreams. Whether it’s Grand Cayman, Cayman Brac or Little Cayman real estate, RE/MAX Cayman Islands will guide you through the entire home-buying process.