Caribbean Real Estate & Rental International
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First Time Caymanian Purchasers

To be eligible for stamp duty Exemption

a) current market value of land cannot exceed $100,000;

b) current market value of building and land cannot exceed $300,000.

 

To be eligible for a 2% rate of stamp duty

a) current market value of land must be over $100,000 but not exceed $150,000;

b) current market value of building and land must be over $300,000 but not exceed $400,000.

 

Completed applications should be submitted ot the Ministry of Finance and normally take 5-8 days to process.

 

Documents required for application.

1. Proof that the applicant(s) is/are Caymanian, being, as relevant, documentary evidence as follows:

(a) For persons born in the Cayman Islands before 27 March 1977

i) Certified copy of birth certificate or

ii) Certified copy of the relevant passport page showing place & date of birth and holder’s picture;

 

(b) For persons born in the Cayman Islands on or after 27 March 1977

i) Certified copy of birth certificate or

ii) Certified Copy of the relevant passport page showing place & date of birth and holder’s picture

iii) PLUS proof that at least one parent was Caymanian at the time of applicant’s birth being i) or ii) above in respect of the one parent OR certified copy of letter or certificate of Caymanian status in respect of the one parent;

 

(c) For all other persons – certified copy of certificate of Caymanian status.

 

2. If applying with a spouse, kindly provide a certified copy of the Marriage Certificate.

3. A sworn affidavit (form attached). The affidavit must be signed by a notary public or justice of the peace and the applicants(s).

4. A certified copy of the Land Register Extract in respect of the property to be purchased (should be enclosed within valuation booklet).

5. A valuation report obtained within the last 6 months from an approved valuation surveyor (see list attached), confirming the current market value of the property.

6. A copy of the Offer to Purchase/Purchase Agreement for the property.

 

If you require further information, please contact:

  • Mrs. Lindora Auane – 244-2228
  • Ms. Sasha Brathwaite – 244-2272

 

CLICK HERE for form.

 

List of Approved Valuation Surveyors

  • BCQS International
  • JEC Property Consultants Ltd.
  • Blue Point Consultants Ltd.
  • DDL Studio
  • Integra Realty Resources – Caribbean
  • Bould Consulting Limited
  • Charterland Ltd.
  • Kirkconnell lnvestment & Development Co. (Cayman Brac & Little Cayman)

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