The Cayman Islands is renowned for its white sand beaches, exhilarating underwater world, burgeoning culinary scene and luxury resorts. While these alone are good reasons for second-home owners to consider buying a property in the Cayman Islands, there are many other benefits to buying real estate in the islands, two of which are ease of access and ease of living.
EASE OF ACCESS
The Cayman Islands is one of the easiest Caribbean nations to reach, with 55 weekly non-stop flights served by eight airlines from 20 major cities around the world. Airlift continues to grow, including the introduction of nonstop flights from Denver in March 2019.
The newly renovated international airport was opened by HRH Prince Charles in March 2019, making arrivals and departures more comfortable.
In addition, citizens of many countries, including the United States, Canada and the United Kingdom, as well as most countries in the European Union and within the British Commonwealth, do not require visas to visit the Cayman Islands.
EASE OF LIVING
The Cayman Islands is well supported by modern infrastructure, which includes a sound communications network with four internet and three cellular phone service companies, two water companies and a reliable electricity provider.
The Electricity Regulatory Authority protects the rights of electricity consumers, ensuring they receive a dependable power supply at a reasonable cost. Consumers with an interest in environmentally friendly renewable power generation can connect to the electricity distribution grid and receive credits for generated power.
With four hospitals – two public and two private — and more than 1,000 licensed healthcare professionals, there is a high level of healthcare for residents in the Cayman Islands. Health insurance is mandatory for all residents.
Private and public schools offer a choice of American and British curricula to residents.
School attendance is compulsory from kindergarten to grade 12, and the population is largely skilled, educated and literate — boasting a 99 per cent literacy rate.
In addition to elementary and secondary schools, institutions of higher learning in Cayman Islands include St. Matthew’s University School of Medicine and School of Veterinary Medicine, the Truman Bodden Law School,
two accredited colleges offering undergraduate degree programmes and a number of private schools offering vocational training programmes.
The Cayman Islands is home to an extensive range of highly qualified professional service providers, including accountants, lawyers, bankers and healthcare professionals, making the Cayman Islands an easy place in which to live and conduct business.