The Residences at the Ritz-Carlton, Grand Cayman

• The Residences at the Ritz-Carlton, Grand Cayman
• Endless Service Program
• Advantages of Ownership
• Facts about Grand Cayman
• Activities on Grand Cayman
• Flights to Grand Cayman
• Featured Residences at the Ritz-Carlton, Grand Cayman
• Interior Designs in The Residences at the Ritz-Carlton, Grand Cayman
• Grand Opening Gala at the Ritz-Carlton, Grand Cayman

Featured Properties

Long a haven for divers and beach lovers on holiday, The Cayman Islands also epitomize the attributes that define an ideal vacation home destination.

• Location and Geography

  The three Cayman Islands, Grand Cayman, Cayman Brac and Little Cayman, are located in the western Caribbean about 150 miles south of Cuba, 460 miles south of Miami, Florida, and 167 miles northwest of Jamaica. George Town, the capital, is on the western shore of Grand Cayman.

  Grand Cayman, the largest of the three islands, has an area of about 76 square miles and is approximately 22 miles long with an average width of four miles. Its most striking feature is the shallow, reef-protected lagoon, the North Sound, which has an area of about 35 square miles. The island is low-lying, with the highest point about 60 feet above sea level.

• History and Government

  Discovered by Christopher Columbus in 1503, the Cayman Islands were later traded to England and remain one of the 14 British Overseas Territories. Cayman has a long history of parliamentary style government with legislators elected every four years. The country is still subject to Great Britain in matters of foreign policy and defense.

• Economy and Currency

  The Cayman Islands has the highest per capita income in the Caribbean at nearly US$32,000. The American dollar is readily accepted throughout the island although Cayman has its own currency, the CI dollar, which is pegged at a fixed exchange rate of US$1.25 to CI$1.00. An English speaking, affluent country, Cayman has built its strong economy on the three pillars of banking, insurance and tourism.

• Geography and Climate

  The Cayman Islands is comprised of three islands: Grand Cayman, Cayman Brac and Little Cayman. Total area is 100 square miles with a population just over 40,000. Grand Cayman is the largest of the islands with a landmass of 76 square miles. The islands lie 400 nautical miles southwest of Miami and are effectively the tip of the Cayman Ridge, a submarine mountain range that rises straight up from the seabed. The Cayman Islands enjoy year round temperatures ranging from 77° F to 85° F.

• Recreation and Nature

  The Cayman Islands offer some of the world's best diving. The crystal clear Caribbean waters and diverse marine life also attract snorkelers, fishermen, sailors and water sports enthusiasts of all kinds. There is magic on land too. White sand beaches, golf and tennis are only a few of the land-based attractions. Indigenous life includes iguanas, parrots and green sea turtles as well as rare orchids.

• Real Estate

  Local laws and regulations make the ownership process simple as there are no restrictions on foreign ownership and secured title is easily obtained. Each site has a property registry that can be obtained at the Lands and Survey Department showing its legal description, history of ownership and record of liens. The government guarantees title through this document making title insurance unnecessary.

  A one-time Stamp Duty is paid to the government to register transfer of title. Ownership is a matter of public record, but properties may be held in Cayman Corporations or Trusts, making beneficial ownership a confidential matter.

  Grand Cayman continues to provide long-term sustainable growth with an average increase of 12% for Seven Mile Beach oceanfront properties over the last 15 years.

• Advantages

  Grand Cayman is the world's fifth largest financial center and its leading tax jurisdiction. There is no direct taxation - no taxes on income, profits, capital or capital gains, property or inheritance. Cayman is the financial capital of the Caribbean with over 600 banks and financial institutions.