o, 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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ABOUT CRERI
Caribbean Real Estate Rental International (CRERI) offers a wide range of services including sales and rentals of real estate properties (residential & commercial), as well as marine, automotive and aviation rentals.
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P.O. Box 151, Grand Cayman KY1-0018 APO, Cayman Islands
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Dynamic support based on strong legal and professional background Timely response to all enquiries Analysis of new sales & rental properties Guaranteed commitment from start to finish.
Invest in Real Estate. It pays. Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth. – Robert Kiyosaki

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