What it costs to buy property in Cayman Islands
A foreign buyer should budget roughly 8.0%–8.5% of the purchase price on top of the price itself. No licence or permit is required.
What you pay
94%
- Stamp duty7.5% of the price$37,500
- Legal and registration fees0.5%–1.0% of the price$2,500–$5,000
| On a purchase of | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|
| Stamp duty | $18,750 | $37,500 | $75,000 |
| Legal and registration fees | $1,250 – $2,500 | $2,500 – $5,000 | $5,000 – $10,000 |
| Total on top of the price | 8.0%–8.5% | 8.0%–8.5% | 8.0%–8.5% |
Can you buy as a foreigner?
No licence required
No restriction and no licence — foreign buyers take title on the same footing as Caymanians. There is no annual property tax. Stamp duty concessions exist but are open only to Caymanian buyers.
No approval to wait for
With no permission to obtain, the timeline is set by conveyancing rather than by a government queue.
Take it with you
These figures as a PDF, worked out at the price you enter, with every source and the date it was checked.
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Nearby markets compared
What a foreign buyer pays on top of a $500,000 price, here and in the markets around it nearest in cost.
- Puerto RicoNo licence0.9%–1.4%
- JamaicaNo licence1.8%–3.3%
- HaitiNo licence4.0%
- Dominican RepublicNo licence5.5%–7.5%
- Cayman IslandsNo licence8.0%–8.5%