Cayman Resident 2022

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MAPS ABOUT CAYMAN WORKING IN CAYMAN IMMIGRATION FOOD & DRINK HEALTH PETS KIDS & ADULT ACTIVITIES FINDING, RUNNING & BUILDING A HOME EDUCATION AND MUCH MORE!

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2022

Letter from the publishers Thank you for reading our 19th annual issue of Cayman Resident! It is a labour of love each year to update and research all the thousands of individual bits of information between these 464 pages. This year it took eight of us from April to September to check, research and update everything, and whatever we could not fit in the print edition has gone on our website, www.caymanresident.com. We did not do it alone though! This year we again reached out to experts in our community who always show such wonderful Caymankindness by helping us update all the really complicated bits of information which they know more about than us. We are indebted to them! Without you this would be an impossible task.

Go Digital 2022

2022

MAPS ABOUT CAYMAN WORKING IN CAYMAN IMMIGRATION FOOD & DRINK HEALTH PETS EDUCATION KIDS & ADULT ACTIVITIES FINDING, RUNNING & BUILDING A HOME AND MUCH MORE!

MAPS ABOUT CAYMAN WORKING IN CAYMAN IMMIGRATION FOOD & DRINK HEALTH PETS EDUCATION AND MUCH MORE! KIDS & ADULT ACTIVITIES FINDING, RUNNING & BUILDING A HOME

As we come to the end of the second year of the COVID-19 pandemic, we are reminded how resilient the Cayman people are. We are a hardworking and adaptable lot, who care deeply about our community and helping others. We are an entrepreneurial bunch and even without one of our pillar industries, tourism, we have each tried our best to find a way to prosper and provide for our families. We must remember though that not all is rosy in our islands; people are hungry and struggling to keep a roof over their children’s heads, and we are all praying and hoping that life can return to normal as soon as possible.

WWW.CAYMANRESIDENT.COM

WWW.CAYMANRESIDENT.COM

PUBLISHER’S LETTER

Download the new magazine today! All the benefits of the print version, plus... Advanced Search Active Web Links Email Enabled

So, please find our most up to date, jam packed issue of Cayman Resident which we are confident will answer the questions that you needed answering and also answer loads that you had not thought to ask but are so pleased you now know! We hope you enjoy it!

Compatible with Apple and Android Devices Visit www.issuu.com and search for

Cayman Resident 2022

Acorn Media mailing address: PO Box 31403 Grand Cayman KY1-1206 Cayman Islands Acorn Media physical address: 209 Alissta Towers North Sound Road, George Town Tel: (345) 946 3200 Fax: (345) 946 2830 Email: info@acorn.ky www.caymanresident.com

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CAYMANRESIDENT 2022

Charles Grover & Joanna Boxall Publishers, the Cayman Resident

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2022 Acknowledgements Publishers Joanna Boxall - Editor Charles Grover – GM

Assistant Editor Clare-Louise McGrath

Sales Charles Grover Deborah Roberts

Design/Production Julian Dalton

Researchers/Copy Editors Rosita Ritch Mina Whorms Jessica Wright

Summer Interns Amy Gillies Chiara Subiotto

Contributors

AC K N OW L E D G E M E N T S

Simon Boxall James Burch JC Calhoun Linda Dacosta Rebecca Davidson Louise Desrosiers Nick Dunne Lucy Frew Nick Joseph Philip Paschalides Ingrid Pierce David Pytches Tony de Quintal Claudia Subiotto Darren Trickett Tamsin West Matthew Yates

Photography Cathy Church CI Chamber of Commerce Cayman Islands National Archive DRCL/Camana Bay© Caroline Deegan Photography Julie Corsetti/Deep Blue Images Daria Keenan Brian McDonald/Design Cayman Rebecca Davidson Photography Tracey Rose /Cayman Riding School Jonathan Sparrow from Sotheby’s Kathleen Spencer Ten2Photography for Design Studio Guy Waller and Bryan Winter

To create the Cayman Resident magazine and website every year takes a team of dedicated staff and the willing participation of industry experts. We owe our heartfelt thanks to: All the wonderful photographers and businesses who allowed us to use their amazing photos in this Jonathan Molyneaux edition and who went out and took specific photos when we needed something unique. We are very grateful to you all! We would also like to thank: JC Calhoun and Claudia Subiotto, from Coldwell Banker Cayman for giving us the latest updates on what has been happening in the real estate industry in Cayman. Rebecca Davidson, for taking so many of the wonderful photos featured in this issue and for going out to take specific photos that we needed! Julie Corsetti who year after year lets us use her beautiful photos in this magazine. Louise Desrosiers, from Travers Thorp Alberga who updated the Family Matters chapter and shared her expertise on pre and post nuptial agreements and on getting divorced in Cayman. Nick Joseph, from HSM for sharing his expertise on Cayman’s immigration laws. Darren Trickett, from Island Heritage who helped us research and update the extensive content we have in the magazine on private pensions. Wil Steward, MD at Chalmers Gibbs Architects for his advice on how to build like a developer. Matthew Yates, from the Ministry of Finance for helping us update some crucial financial services information. Also, special thanks go to the team at Walkers who went above and beyond by writing and updating no less than eight sections of Cayman Resident: James Burch who updated our CLO information in the Global Financial chapter. Nick Dunne who reviewed and updated all the legal information we have listed in the Running a Business chapter on how to establish a business in Cayman. Lucy Frew who updated the sections on Beneficial Ownership and Legislation to Meet Client Needs. Philip Paschalides for updating our section on Single Family Offices. Ingrid Pierce who updated the section on Investment Funds. David Pytches who wrote our section on Trusts. Tony de Quintal who helped us update our information on Reinsurance in the Cayman a Global Financial Centre chapter. Last but not least, Tamsin West who updated the section on Companies and Partnerships. Thank you so much to all of our contributors! Without your expertise, updating Cayman Resident would have been very much harder than it usually is!

On The Cover Our Cayman Resident 2022 cover photographer was Rebecca Davidson. We would like to thank Jayda Jackson and Abigail Gouldbourne for letting us feature them. Their photo was provided to us by Tuk Tuk Designs (See Instagram @tuktuk_designs). Thank you also to Irene Corti for her starfish photo.

Don’t be shy! We always welcome contributions, suggestions or photos to make this magazine even more informative and visually appealing each year. If you are a budding photographer and would like to get some of your photos published then send us your best. As you can see we publish a wide variety of images so don’t be shy! Contact Acorn Media on (345) 946 3200 or email: joanna@acorn.ky.

The Cayman Resident is published annually in November. Complimentary copies can be found at Government Information Services, Tel: (345) 949 8092; the Chamber of Commerce, Tel: (345) 949 8090; the Seven Mile Beach Post Office; the Airport Post Office and many other locations throughout Cayman. The information can also be found at www.caymanresident.com. All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means: electronic or mechanical, including photography and recording without the prior consent of the publisher. While every effort has been taken to provide information that is as accurate as possible, the publishers and respective contributors and researchers do not accept any responsibility for injury, loss or damage occasioned to any person as a result of material in this book.

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CAYMANRESIDENT 2022

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TA B L E O F CO N T E N T S

ABOUT CAYMAN

28

FINDING A HOME

150

TRANSPORTATION

263

WORKING IN CAYMAN

84

BUILDING IN CAYMAN

246

HEALTH & WELLNESS

290

ISLAND MAPS

10 14 16 18 20 22 24

Sister Islands West Bay Seven Mile Beach Camana Bay George Town Red Bay, Prospect, Savannah

01 ABOUT CAYMAN

History & Politics Customs & Traditions

28 29 33

02 CAYMAN – A GLOBAL FINANCIAL CENTRE

Cayman’s Financial History Banking, Investment Funds

36 37 38

03 INVESTING IN CAYMAN Wealth Management Investing in Cayman Property

47 47 55

04 RUNNING A BUSINESS

60 68 79

05 WORKING IN CAYMAN

84 87

8

Trade & Business Licensing Setting Up an Office

Finding a Job

CAYMANRESIDENT 2022

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06 PREPARING TO MOVE Cost of Living Tables The Process of Moving Shipping Considerations

07 IMMIGRATION

Work Permits Permanent Residency Immigration Services Visas & Passports

08 FAMILY MATTERS

Family Breakdown in Cayman Family Law Practices

91 94 95 97 100 101 107 113 113 116 117 120

09 RETIRING IN CAYMAN

122 124 127

10 SETTLING IN

130 130 134 138 139 140 142 147

Wills & Probate End-of-Life in Cayman

Opening a Bank Account Telephone & Internet Utilities: Electricity Utilities: Gas -Household Utilities: Petrol, Diesel & Water Insurance Pensions

11 FINDING A HOME

150 156 168 177

12 RUNNING YOUR HOME

180 180 186

13 DISASTER PREPAREDNESS

191 191 193

Overview of Residential Areas Buying a Property Renting a Property Maintaining Your Home Cleaning Services

Hurricanes Earthquakes & Tsunamis

14 SHOPPING Beauty Products Clothing Furniture Stores Toys

196 198 201 204 211

15 LIVING IN CAYMAN

212 212 213 215 217

16 BEING GREEN

220 221 224

Babysitters & Nannies Day Spas, Hair & Beauty Salons Local Media - Radio, Print, TV Postal Services

Waste Management in Cayman Recycling in Cayman


374

FOOD & DRINK

402

PETS

GETTING MARRIED

17 HOME IMPROVEMENTS Indoor Improvements Outdoor Living & Gardens Swimming Pools

18 BUILDING IN CAYMAN Building Options Building Professionals

19 TRANSPORTATION Driving Licences Leasing a Vehicle Buying a Used Car Electric Cars

20 BOATING Where to Boat Buying & Maintaining a Boat Fishing

21 HEALTH & WELLNESS

Health Insurance Local Hospitals Medical Care (General & Family) Medical Specialties Alternative Medicine Pharmacies

430

388 385 230 238 244 245 246 250 257 263 266 270 273 274 278 280 282 287 290 292 297 303 306 328 335

ACTIVITIES FOR ADULTS

409

22 EDUCATION

Government Education Private Education Scholarships Universities & Colleges Vocational Training

23 FOOD & DRINK

Places to Eat Supermarkets Culinary Things to Do

24 GETTING MARRIED Planning Your Wedding Wedding Locations

338 342 345 365 367 368

27 ACTIVITIES FOR ADULTS

Exploring Cayman’s Attractions Cultural Activities Watersports & Excursions

28 ACTIVITIES FOR KIDS & TEENS

Playgrounds & Parks Sports Cultural Activities

374 376 380 383

385 387 388

25 HAVING A BABY 392 Obstetricians/Gynaecologists 393 Costs of Having a Baby On-Island 394 After Having a Baby 397 26 PETS Importing Pets into Cayman Veterinarians

TRAVEL

454 418 419 422 427

29 COMMUNITY LIFE

430 430 435 438

30 SPORTS & FITNESS

440 441 442 446 447

31 DIVING

448 449 453

Clubs & Organisations Voluntary Organisations Religious Services Cricket, Crossfit & Cycling Gyms & Fitness Swimming Tennis & Yoga

Wreck Diving Local Dive Operators

402 402 404

32 TRAVEL Staycations Sister Islands

454 455 456

409 409 412 414

INDEX

460

LAST LOOK

464

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www. c a y m a n r e s i d e n t . c o m

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TA B L E O F CO N T E N T S

239

COMMUNITY LIFE


10

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Boatswains Bay

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» Grand Harbour

Acorn Pu blishing

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Beach Bay

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Cottage Point

Half Moon Bay

Old Man Bay

Frank Sound

Latin America

USA

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Frank Sound

Malportas Pond

Stake Bay

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NORTH SIDE

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GRAND CAYMAN

Pease Bay

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RED BAY, PROSPECT, SAVANNAH, NEWLANDS & LOWER VALLEY MAP

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Owen Island

Jackson’s Point

Booby Cay

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Newlands Red Bay Savannah Prospect Spotts Lower Valley

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SEVEN MILE BEACH MAP

GEORGE TOWN MAP

South Sound

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Camana Bay

Snug Harbour

LITTLE CAYMAN

Jackson Point

Hog Sty Bay

Seven Mile Beach

Governors Harbour

WEST BAY MAP

WEST BAY

Spanish Bay

Conch Point

The Cayman Islands

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Providing access to bespoke alter native investment opportunities to eligible investors since 2015

office@mooreandmooreinvestments.com | www.mooreandmooreinvestments.com Harbour Walk, Edgewater Way, Grand Harbour, Grand Cayman Moore & Moore Investments Group Ltd is incorporated in the Cayman Islands and is registered with the Cayman Islands Monetary Authority pursuant to the Securities Investment Business Act. We offer a securities arrangement service that is purely on an introduction-only basis. The investments that we provide arrangements in relation to are only available to investors that meet the definition of either a “high net worth” and/ or a “sophisticated” investor (as defined in the Securities Investment Business Act) and, by engaging our services, you confirm that you are either a “high net worth” and/or a “sophisticated investor”. We are not licensed or regulated to provide any other services to any other types of investors. For example, we are not licensed or regulated to accept deposits, manage investments or offer advice on investments. Your decision to make any investments should only be made after considering seeking independent financial advice and reviewing the information and documentation associated with the relevant investment. As with all investments, you should note that your capital may be at risk as the value of investments can increase or decrease (and, in the event of a decrease, you may not get back your initial investment).

»

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2022 Contributors Linda Dacosta

James updated all our information on CLOs in our

of life medical laws plus the wills and probate

Global Financial Centre chapter including how the

information in our Retiring in Cayman chapter.

CLO market is doing in 2021.

Linda heads up HSM’s busy property team,

James is a partner in Walkers’ Global Finance &

overseeing all aspects of their client’s real estate

Corporate Group. He specialises in debt capital

and conveyancing needs. Linda also specialises

markets and structured finance with extensive

in the area of wills and estates including drafting wills and codicils, preparing

experience in CLOs, securitisation and secured note programme structures as well

applications for probate and the resealing of foreign grants of probate. As a 27 year

as bespoke structured products. James also advises on a variety of banking and

veteran of Cayman’s legal services industry, Linda brings her trademark brand of

finance transactions including leveraged and acquisition financing, fund subscription

thoughtful leadership to her partnership with HSM.

financings and general secured lending.

JC Calhoun

CO N T RXIXBXU T O R S

James Burch

Linda helped us review and update the end

Louise Desrosiers

JC, along with Claudia Subiotto, helped us update

Louise wrote all the content in our Family Matters

the Finding a Home chapter and gave us the ins

chapter including pre-nups, divorce, division of

and outs of the current Cayman property market.

assets, child custody and more.

Due to his energy, experience, great reputation,

Louise Desrosiers (Counsel, Travers Thorp Alberga)

and commitment to the industry, JC has not only

is a highly experienced family law and private client

been in the forefront of the real estate industry

litigator called to the Bar (England and Wales) in

since the 80’s but has updated the Finding a Home Chapter for a number of years.

2006 and now practising in Cayman (2020). Before relocating with her husband

Known for their in-depth market analysis, and regarded as solid advisors on real

and children, she practised as a barrister specialising in family law (Middle Temple,

estate transactions, JC and the team of 13 sales agents that he leads, are recognised

London). Louise is a divorce specialist and has an interest in cases involving autistic

leaders in the real estate business, part of a growing physical and digital network.

Lucy Frew

children/parents, or those with additional needs.

Claudia Subiotto

Lucy updated the sections on Beneficial

Claudia helped us update the real estate

Ownership and Legislation to Meet Client Needs

information in the Finding a Home, Investing in

in the Global Financial Centre chapter.

Cayman and Running a Business chapters.

Lucy is a partner and heads Walkers’ Global

Claudia has lived and worked in London, New York,

Regulatory & Risk Advisory Group. She brings more

Rio and Grand Cayman, and with her past career

than 18 years experience as a specialist financial

in pharmaceutical sales – working under technical

regulatory and risk management advisory lawyer. Lucy’s clients are financial

and extremely competitive conditions – she has established a great foundation for

institutions across the international and domestic spectrum, including a range of

real estate sales. At Coldwell Banker Cayman, Claudia is both real estate agent and

banks, investment funds, administrators, investment managers, advisers, broker-

Marketing Manager, where her strong attention to detail, great local geographical

dealers, arrangers, trading venues and insurance and reinsurance sector clients.

knowledge, and a keen sense of belonging to Cayman has helped her help her clients

She also has significant experience in advising on FinTech and virtual assets.

Nick Joseph

buy or sell their properties.

Matthew Yates

Over the years Nick has written, added to and

Matthew used his extensive knowledge of

updated our Immigration chapter - all of it!

Cayman’s financial services industry to help

With a BA in Psychology and Languages, and an

us update our overview of Cayman’s current

LLB (Hons) in Law, Nick was admitted as a Cayman

financial outlook and what we can expect in 2022.

Islands Attorney at Law in 1997. Today he is a

Matthew is the Strategic Communications Officer

partner at HSM Chambers and a leader of the firm’s

for the Cayman Islands Ministry of Financial

Cayman Business Team, specialising in immigration, licensing and employment

Services and Commerce. He has played an integral role in the communications

matters relating to the establishment of residence and conduct of business in and

activities of the Ministry, including media campaigns on the commencement

from within the Cayman Islands. He also teaches the Immigration Law course at the

of legislation such as the suite of intellectual property laws and the Non-Profit

Truman Bodden Law School in Cayman.

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CAYMANRESIDENT 2022

Organisations Act. Previously, he was a photojournalist.

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People who have helped with this issue of the Cayman Resident Darren Trickett

Philip Paschalides

Darren helped us research and update the

Philip suggested to us and then wrote the new

information we have in the Investing in Cayman

section on Single Family Offices in our Cayman a

chapter about investing in a pension.

Global Financial Centre chapter.

Darren is the Pension Sales & Relationship Manager

Philip is a partner in Walkers’ Finance & Corporate

at Island Heritage and has over 25 years of banking,

practice and also in the firm’s Private Capital &

finance and investment experience working for

Trusts practice, representing private clients and

a number of retail banks with roles spanning from IT Administration to Branch

family offices on cross-border transactions. He also deals with the establishment

Management. In 2017 Darren joined Island Heritage to launch a new pension offering

of family offices and the relocation of individuals and businesses to Cayman. For

to bring greater strength, selection and transparency to employers. Island Heritage

many years Philip has been regarded by the legal directories as a market leader for

is a wholly owned subsidiary of Bermuda-based BF&M, with pension assets of over

structured finance transactions.

US$ 1.5 billion and 117 year history as a leading insurer.

Ingrid Pierce

Rebecca Davidson

Ingrid wrote and updated the section on

Rebecca

Investment Funds in the Cayman a Global

photography with us for 17 years! Her lovely

Financial Centre chapter.

has

been

sharing

her

amazing

photos grace many chapters in this issue.

Ingrid is Walkers’ Global Managing Partner and

Rebecca Davidson is an award winning photographer

heads the Cayman Investment Funds Group. Ingrid

based in the Cayman Islands. Arriving from the UK

has over 20 years experience and is recognised as

as a teenager, she quickly fell in love with the Island and learned her trade here among the people she grew up with. She now has 20

in advising funds on managing distress in volatile markets and has considerable

years worth of experience photographing newborns, families and doing commercial

experience with contentious matters having acted in connection with the

work, and she specialises in weddings. Rebecca books international weddings each

acquisition, restructuring and winding down of various high profile funds.

year so that her family can travel and experience different cultures around the world.

David Pytches

Nick Dunne

David wrote and updated the Trusts information

Nick reviewed and updated all the legal

which we have in our Cayman a Global Financial

information we have on Establishing a Business

Centre chapter.

in our Running a Business chapter.

David is a partner in Walkers’ Private Capital &

Nick is a partner in Walkers’ Insolvency & Dispute

Trusts Group. He has over 20 years experience

Resolution Group. His practice focuses on major and

in wealth and succession planning. He advises

complex international and cross-border commercial

institutional trustees, ultra-high-net-worth private clients and family offices on

disputes and arbitrations with a particular interest in fraud and asset recovery. Nick

all aspects of Cayman Islands and BVI trusts and succession law, including the

frequently appears before the Grand Court and the CI Court of Appeal, and has

formation, administration and restructuring of trusts and foundations, private trust

experience of appeals to the Judicial Committee of the Privy Council. Nick also heads

companies, charitable and philanthropic ventures, wills and estate administration.

the Cayman Islands Employment group and has significant practical experience dealing with both contentious and non-contentious labour and licensing matters.

Tony de Quintal

Tamsin West

Tony helped us update the information in the

Tamsin helped us write and update the section on

Cayman a Global Financial Centre chapter on

Companies & Partnerships in the Cayman a Global

Reinsurance.

Financial Centre chapter.

As a senior counsel in the Regulatory & Risk

Tamsin is a partner in Walkers’ Global Investment

Advisory Group at Walkers, Tony specialises

Funds Group, advising on a broad range of

in financial services regulatory law and risk

investment

funds,

corporate

mergers

and

management and he regularly acts for major banks, investment managers, fintech

acquisitions matters. Tamsin has specialist experience in investment funds of all

companies and corporate trustees. Tony is the regulatory lead on Cayman Islands

types, including private equity funds and hedge funds. An integral part of Tamsin’s

insurance-related transactions, having advised on the Prudential Regulatory

practice involves advising global corporations, investment funds and other financial

Authority’s insurance rules and standards, including the formulation of Solvency II

institutions in relation to joint ventures, acquisitions, disposals and restructurings.

rules and regulations during his time in the UK.

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www. c a y m a n r e s i d e n t . c o m

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CO N T R XIXBXU T O R S

one of the world’s leading investment funds lawyers. She has particular expertise


Cayman

A Global Financial Centre

An overview of the Island’s banking, fund management, captive insurance and trust industries, structured finance, currency, the stock exchange and aircraft/ship registration.

Beneficial Ownership

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Legislation to Meet Client Needs

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Cayman’s Financial History

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Jurisdiction of Choice

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Banking 38 Taxation

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Investment Funds

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Trusts 40

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Companies & Partnerships

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Structured Finance

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Collateralised Loan Obligations

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Independent Directors

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Financial Technology ‘FinTech’

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Single Family Offices

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Insurance Legislation

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Captive Insurance & Reinsurance

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Domestic Insurance

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Cayman Islands Insurance Association

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Cayman Islands Stock Exchange

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Cayman Finance, Currency

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Aircraft/Ship Registration

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Photos courtesy of Rebecca Davidson

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D

espite the global pandemic, the Cayman Islands continues to maintain its dominant position as a leading global financial hub, efficiently connecting law-abiding users with providers of investment capital and financing worldwide, benefitting both developed and developing countries. Cayman’s commitment to excellence and modern legislation are a few key elements of its performance, particularly in capital markets and investments. Cayman is one of the world’s leading international financial centres. Alongside this, Cayman is strengthened by its close connections to the United Kingdom as a British Overseas Territory. Cayman is the number one domicile for healthcare and group captives, and continues to excel globally in banking, capital markets, trusts and fiduciary services. The success of the financial services industry is attributed to our sound regulatory regime and political and economic stability, supported by highly skilled and experienced service providers. Additionally, we ensure adherence to international standards and we are committed to supporting global efforts to fight financial crime. Cayman is a leading jurisdiction worldwide for mutual funds and its strong international reputation has come due to our commitment to the principles of openness and transparency and we have continuously improved our legislation to meet international demands. This includes recent amendments to the Mutual Funds Act and the enactment of a Private Funds Act which implemented new rules for the registration, administration and supervision of funds.


Legislation to Meet Client Needs Cayman’s regulatory framework is continuously enhanced to ensure it meets the needs of regulated entities and their clients and investors. Cayman has amended its anti-money laundering, terrorist financing, proliferation financing and financial sanctions requirements to ensure it remains in line with developing global standards, in particular those of the Financial Action Task Force (FATF). In 2016, the Limited Liability Company was introduced at the request of US clients. In 2017, the Foundation Companies Act

was introduced, which provides clients with a flexible vehicle for offshore structuring. Following consultation with the OECD, the EU and Cayman Islands stakeholders, the Cayman Islands and other international financial centres adopted economic substance requirements in 2019. Cayman was assessed by the OECD as fully compliant. In 2020, the Cayman Islands amended the existing Mutual Funds Act and enacted a new Private Funds Act to provide a regulatory regime for smaller closed ended investment funds. The Cayman Islands had already introduced legislative changes to allow the funds sector to participate in the EU’s Alternative Investment Fund Managers Directive. More recently, the Cayman Islands has introduced the Virtual Assets (Service Providers) Act (2020) which sets out the legal and regulatory framework for virtual assets service providers seeking to do business in and from the Cayman Islands. Cayman’s Financial History On the dark and moonless night of 8th February 1794, a navigational error resulted in ten British ships, including a Royal Navy vessel, being wrecked on the treacherous coral reefs off East End, Grand Cayman. Local people saved everyone aboard the ships, including, so the story goes, a royal prince. When Britain’s King George III heard of this act of gallantry, he is said to have decreed that the people of the Cayman Islands should forever be free from taxes and war conscription. There is no doubt that the Wreck of the Ten Sails actually took place, but there is no documented evidence of the royal decree, however, this has not stopped the story from becoming one of Cayman’s favourite legends. The real reason for the Cayman Islands being a tax-free jurisdiction is rather more prosaic. Until the mid 1960s, the population was less than 8,000 and most Caymanians made their living from subsistence farming, fishing, turtling, schooner building and making thatch-rope, while many of the men served as merchant seamen on oceangoing ships, usually flying the American or

Liberian flag. This basically meant that most of the residents in Cayman were living on meagre earnings, there were few companies at the time and capital gains were virtually non-existent, so there was nothing worth taxing. But in 1952, an aircraft runway was constructed and the following year Barclays Bank opened a branch in Grand Cayman. In fact, Cayman’s status as an international financial centre derives from the foresight of some early legal practitioners and a receptive government who, in the mid 1960s, drafted and enacted legislation together to build on this modest beginning. In the following decades, more international banks were attracted to Cayman, together with law and accounting firms. When the Bahamas became independent from the UK in 1973, a number of expatriate workers from that jurisdiction were attracted to Cayman as a stable place to do business. Cooperation between the Government and the private sector has continued to this day. This, combined with a policy of welcoming expatriates with special skills to the Islands and a population of welleducated Caymanians, has kept Cayman in the forefront of the international financial industry. Jurisdiction of Choice To be successful in the highly competitive global financial industry requires political and economic stability, tax neutrality, a responsive legal system, reliable service providers, a sound regulatory regime, a stable banking environment and absence of exchange controls. In addition to these factors, Cayman’s status as an overseas territory of the United Kingdom and its international cooperation regimes in the areas of tax information exchange, regulation and law enforcement, provides the necessary level of confidence in Cayman’s sophisticated, hospitable and predictable financial environment. That confidence is built on Cayman’s status as a transparent, cooperative jurisdiction that already meets or exceeds the full range of globally-accepted standards for

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Beneficial Ownership The Cayman Islands has implemented the highest global standards for transparency and cross-border co-operation which are regularly reviewed and enhanced. In 2017, the Cayman Islands passed legislation to establish a centralised platform for beneficial ownership information. The legislation requires companies, limited liability partnerships (LLPs) and limited liability companies (LLCs) to engage a corporate services provider to assist them in establishing and maintaining a beneficial ownership register. Companies, LLPs, LLCs and other persons may be subject to fines and imprisonment for breaching the laws relating to establishing and maintaining beneficial ownership registers. Only the competent authority is able to search the beneficial ownership registers for information and can do so only upon a lawful request by a specified Cayman Islands or UK law enforcement authority. The UK is spearheading an international campaign to encourage more countries to commit to publicly accessible registers by 2023. It believes that action on beneficial ownership information in the overseas territories should be complemented by improved public access to beneficial ownership information internationally. The Cayman Islands Government has been clear that it will not consider the introduction of a public register of beneficial ownership unless and until that becomes the accepted and implemented international standard.


transparency and cross-border cooperation with law enforcement and tax authorities together with jurisdictional commitment to maintaining that status quo. Cayman became an early adopter of automatic data exchange, signing onto agreements such as the EU Savings Directive, OECD’s Common Reporting Standard, US FATCA, and country-by-country reporting principles under BEPS. The OECD’s Global Forum in 2017 assessed our jurisdiction to be “largely compliant” with the international standard for transparency and exchange of information, the same rating given to Germany, Canada and Australia.

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Banking Regulated by the Cayman Islands Monetary Authority, banking in the Cayman Islands is a major part of Cayman’s financial sector, with 111 banks licensed as of March 2021. Of these, 10 hold Class A licences and are permitted to carry out local and international business. The other 101 banks hold Class B licences and are mainly restricted to offshore transactions with non-residents. The majority of these banks are branches, subsidiaries and affiliates of established international financial institutions conducting business in the international markets. Cayman is ranked 14th internationally in terms of cross-border assets and 13th for cross-border liabilities, at US$727.5 billion and US$723.9 billion respectively in March 2020. More than 80% of those international assets represent inter-bank bookings between onshore banks and their branches, subsidiaries, affiliates and other Cayman Islands’ licensed banks. A testament to the worldwide recognition of the quality of Cayman’s financial industry is the fact that over 40 of the world’s top 50 banks hold licences in Cayman. The banking sector hires highly skilled professionals and is one of the most prominent employers on the Island. Cayman Islands’ banks are bound by strict anti-money laundering, counter-terrorism proliferation financing laws, which are recognised as meeting or exceeding those of all major onshore jurisdictions.

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Taxation Cayman imposes no income, capital gains, payroll or other direct taxation on corporations or individuals resident in the Cayman Islands. Taxes are, however, imposed on most goods imported to the Islands and stamp duty (especially on direct and indirect transfers of Cayman Islands real estate) is a significant amount of taxation in the Cayman Islands. Through this tax system, total government tax revenues, as a percentage of GDP, are similar to tax rates in G20 countries and are sufficient to fund government operations. This makes additional (direct) taxation unnecessary. Cayman signed its first Mutual Legal Assistance Treaty with the USA in the 1980s and now has tax information exchange agreements with 36 jurisdictions; Cayman participates in the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, which allows tax information exchange with more than 140 countries; facilitates an automatic data exchange as part of the European Union Savings Directive; and has adopted US FATCA, UK FATCA and the OECD’s Common Reporting Standard. ‘Tax haven’ is a phrase that is often thrown around in the media and politics, and incorrectly assigned to the Cayman Islands. Cayman does not meet any of the tax haven definitions set out by the OECD, Transparency International or Tax Justice Network. It does not offer tax incentives designed to favour non-resident individuals and businesses. Cayman does not have differing tax rates for foreign entities, nor does it have legal mechanisms or treaties (such as double taxation agreements) in place with other countries which (legally) effect the transfer of tax bases from one country to another in order to reduce taxes. Cayman does not promote itself as a jurisdiction for aggressive tax planning. Investment Funds The Cayman Islands are the world’s leading offshore centre for the establishment of hedge funds and private equity funds. There are over 11,000 mutual funds that

are either licensed, registered or administered with the Cayman Islands Monetary Authority (CIMA). Following the enactment of the Private Funds Act in 2020, there are over 13,000 private funds registered with CIMA. The vast majority of investment funds are aimed at institutional or sophisticated/ high net worth investors which is reflected in the types of funds that are regulated in the jurisdiction and their assets under management. Investment funds, like other entities established in the Cayman Islands, must have a registered office provided by a licensed corporate services provider, which maintains, among other things, the corporate records of the entity. Funds will typically appoint a suite of service providers both within and outside of the Cayman Islands and in certain circumstances, must appoint Cayman Islands providers. Thus, funds will engage Cayman Islands legal counsel, approved Cayman Islands based auditors, administrators (who may need to be locally licensed in certain circumstances) as well as directors and/or advisory boards, licensed Cayman Islands trustees and (if listing) an approved listing agent. In keeping with international standards, each fund is required to appoint anti-money laundering (AML) officers and AML compliance officers and there are several qualified professional organisations who can provide this service. Asset managers may be based in the Cayman Islands or overseas. While the overwhelming majority of managers are located outside of the jurisdiction, in recent years there has been increased interest by managers in establishing a business with a physical presence in the Cayman Islands. With the amendment of the Securities Investment Business Act in 2019, there is an enhanced regulatory and supervisory framework for securities investment business in the jurisdiction. The success of the investment funds industry in the Cayman Islands is due to a combination of factors, including its marketleading reputation, freedom of investment decisions for asset managers, tax-neutral status, a highly regarded legal and regulatory system and the availability of world-class professional service providers. The industry is



a key pillar of the Cayman Islands financial services sector, responsible for the direct employment of hundreds of professionals. These advantages will ensure that Cayman continues to lead the way as the jurisdiction of choice for investment funds. Fund Statistics As of June 2021 CIMA records indicate that there are 12,451 regulated mutual funds, comprising 8,276 Registered Funds, 293 Administered Funds, 58 Licensed Funds and 3,145 Master Funds. CIMA records also indicate that there were 13,280 regulated private funds.

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Trusts As a global centre of excellence for trusts, the Cayman Islands financial sector has serviced international clients for decades, providing modern, flexible and robust structures for wealth structuring, estate planning and commercial applications. Cayman offers a well-regulated, politically stable and tax-neutral environment in

which to form and administer a trust. While deriving originally from English law, Cayman’s local Trusts Act has been reviewed and updated regularly over the past thirty years to ensure that it remains at the cutting-edge, competitive, and appropriate to meet the evolving needs of a global client base. Cayman boasts a deep bench of specialist and experienced trustees, legal advisors, accountants, administrators, regulatory professionals and other service providers, and a highly regarded, reliable and independent judiciary and courts system. The Island’s trust industry is overseen by the Cayman Islands Monetary Authority which is responsible for the licensing and supervision of regulated financial businesses, ensuring compliance with anti-money laundering and other regulatory laws, and liaising with its counterparts in other countries. An important part of the jurisdiction’s trust framework is the Banks and Trust Companies Act (2021 Revision). This Act was amended in 2019 to give the Cayman

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Islands Monetary Authority (CIMA) more responsibility and control in the regulation of the trust industry. The amendment requires more frequent reporting by licencees to CIMA, and gives CIMA the power to reject licence applications that do not fulfill requirements. The amendment also requires the regulation of the licencee’s minimum net worth to ensure that it is maintained on both a solo and consolidated basis, and that the capital and other prudential requirements are met. Other provisions to modernise and strengthen Cayman’s position as a leading trust jurisdiction were made in the context of a continued focus on compliance in the world of finance. With steady and dependable growth, trusts remain an important component of the financial services industry in Cayman. According to CIMA, as of 30th June 2021, there were 142 Active Trust Licences, of which 58 were Full Trust Licences, 59 were Restricted Trust Licences and 25 were Nominee (Trust) Licences. In addition, there were 146 private trust companies registered in Cayman as of the same date. Companies & Partnerships The Cayman Islands is a popular jurisdiction for the establishment of business vehicles because of its stable legal system, modern and flexible corporate structures, business friendly culture and tax neutral status. The main forms of business vehicle established in the Cayman Islands are: exempted companies, limited liability companies, exempted limited partnerships, segregated portfolio companies, special economic zone companies and local ordinary companies. In particular, the Cayman Islands is a preeminent jurisdiction for the formation of alternative investment funds. In recent years there have been significant developments in Cayman Islands regulation as it applies to business vehicles, in particular, with respect to antimoney laundering, beneficial ownership, economic substance, data protection and the regulation of closed-ended alternative investment funds. These developments


by the SPV and the subsequent issuance of securities to institutional investors. The attraction for investors in securities issued by Cayman Islands SPVs includes statutory recognition of non-petition provisions, tax neutrality, creditorfriendly legislation and the large number of sophisticated professionals in the legal, accounting and fiduciary sectors who are well versed in establishing, maintaining and reviewing orphaned structures.

Structured Finance Several of Cayman’s law firms specialise in capital markets and structured finance transactions for international clients. The Cayman Islands have become one of the world’s leading providers of Special Purpose Vehicles (SPVs) for structured finance transactions and are recognised by the international rating agencies as a pre-eminent jurisdiction for rated debt capital market transactions. SPVs are often used in securitisation transactions which involve the acquisition of financial assets

Collateralised Loan Obligations (CLO) The Cayman Islands remains the top choice of domicile for US CLO managers when establishing issuer vehicles, due to Cayman’s reputation as a sophisticated, creditor friendly jurisdiction. CLOs securitise assets, typically leveraged loans, by pooling them together and paying out income and principal repayments from the pool to note holders. CLO investors buy tranches of notes with specific seniority and pay-out structures, hence taking different degrees of risk. Given its status as

a recognised exchange, the Cayman Islands Stock Exchange is also a popular choice for managers should investors require that the notes be listed. While 2020 was a record year for CLO issuance, the first half of 2021 alone eclipsed it with over 150 deals priced at an average issuance size of US$500 million each. In addition, there has been a flurry of refinancing and resets of earlier deals due to market conditions highlighting the appetite amongst investors for CLO paper. Despite the current challenges in the market worldwide, CLO issuance continues to be robust with all indications that this will continue. Independent Directors in Cayman A growing sector of Cayman’s financial services industry is the provision of independent directors on various structures, such as hedge funds, private equity funds, special purpose vehicles, and insurance companies. Corporate Governance in general has become a major touch point in the financial services industry worldwide,

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underpin the jurisdiction’s ongoing commitment to adherence to the very highest international standards. In addition to law firms, which are available to provide specialist legal advice and assistance in the establishment and ongoing management of Cayman Islands business entities, there are also many highly qualified professional firms licensed to provide corporate services in the Cayman Islands.


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following a number of high profile cases where investors were defrauded, in part due to insufficient independent oversight. In addition, during the global financial crisis, independent directors from the Cayman Islands added significant value when hedge funds were faced with making difficult decisions, for example, ensuring that all decisions were made in accordance with the fund documents and that all shareholders were treated fairly. This has not been lost on the institutional investors who are, for the most part, making it one of their investment requirements that there is a majority of independent directors on the board. In addition to the extra layer of oversight provided, a significant benefit of appointing a local, Cayman director to a Cayman entity is that local service providers are current with all relevant legislation, and can ensure that the structure is compliant with their legal requirements where necessary. On 4th June 2014, the Cayman Islands Government approved the Directors Registration and Licensing Act (DRLA) 2014, which required all directors of mutual funds regulated under the Mutual Funds Act (2020 Revision) and directors of companies registered as excluded persons under the Securities Investment Business Act (2020 Revision), to register with CIMA. This law provides for the registration and licensing of individuals or companies appointed as directors of Cayman Islands mutual funds and entities carrying out securities investment business. This includes Cayman Islands incorporated or registered investment managers. The law requires an individual acting as a director on 20 or more entities to apply for a professional director’s licence, unless they meet certain caveats. Professional directors are required to have insurance with a minimum aggregate cover of $1million and minimum cover of $1million for each and every claim. An amendment to the DRLA was passed in early 2020 as a consequence of amendments to the Securities Investment Business Act (SIBA). The use of independent directors has 42

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been brought into increased focus following the implementation of the Economic Substance requirements, which came into effect in the International Tax Co-operation (Economic Substance) Act, 2018, passed in December 2018. This legislation does not currently apply to investment funds, but requires all other relevant entities to prove that their “Mind and Management” is located in the Cayman Islands in order to allow them to claim the tax benefits of being domiciled in an offshore jurisdiction. Financial Technology ‘FinTech’ On 25th May 2020 the Cayman Islands Government passed The Virtual Asset (Service Providers) Act, 2020 (“Act”), which provides a legislative framework for the conduct of virtual assets business in the Cayman Islands and for the registration and licensing of persons providing virtual asset services. The Act is intended to place the Cayman Islands with a cutting edge, robust framework which is in alignment with global regulatory standards, protects consumers and meets the requirements of the Financial Action Task Force recommendations in respect of virtual assets. The Act defines a “virtual asset” as a digital representation of value that can be digitally traded or transferred and can be used for payment or investment purposes but does not include a digital representation of fiat currencies. For the purposes of the Act, virtual service tokens are not classed as virtual assets. A person is a ‘Virtual Assets Service Provider’ (“VASP”) under the Act, if it is (i) a partnership or entity formed and/or registered under the applicable Cayman Islands legislation (ii) provides a virtual asset service as a business or in the course of business in the Cayman Islands and (iii) is registered or licensed in accordance with the Act or is an existing licensee that is granted a waiver under the Act. A natural person cannot carry on or purport to carry on a virtual asset service as a business or in the course of business in or from within the Cayman Islands. The Act requires a VASP to register with or be licensed by the Cayman Islands Monetary

Authority (“CIMA”) dependent on the activity carried out by the VASP. As perhaps one of the most publicly recognised applications of FinTech, cryptocurrencies are virtual currencies that use cryptography to secure and verify transactions, and to control the creation of additional units. But FinTech – a shortened form of ‘financial technology’ – is broader than just cryptocurrencies. FinTech also refers to computer programming and other technology that is revolutionising the delivery of financial services via digital applications, retail banking, and investment markets. The term used by the Cayman Islands Government to describe FinTech is ‘digital assets’. Particularly in recent years, financial services in Cayman have increasingly reflected the value of delivering products and services through digital assets. Some of the digital assetrelated activities that take place within Cayman include crypto exchange services, initial coin offerings and fund-issuing tokens that exist in or originate from the Cayman Islands. Government’s position on digital assets is similar to what is found in many other jurisdictions. The Virtual Asset (Service Providers) Act (2020) has introduced a framework to regulate digital assets, in order to ensure that any risks associated with such activities are analysed and mitigated, and that any benefits are realised in a manner consistent with a wellregulated financial services jurisdiction. For updates on the Cayman Islands’ digital assets regulatory framework, visit the Cayman Islands Monetary Authority’s website at www.cima.ky. Single Family Offices The Cayman Islands are an increasingly appealing jurisdiction for the establishment and operation of single family offices. This is, in a sense, a natural evolution and development of the financial services activities for which the Cayman Islands is well known. Many of the businesses that grew to service the investment funds, banking, finance and insurance sectors require experienced staff and technical


Families Relocating

With over 135 nationalities represented in the Cayman Islands, it is no surprise that the Islands are proving of increased interest to UHNW (ultra high net worth) individuals and families from all regions of the globe. The factors that make the Cayman Islands appealing for international business transactions and investment and asset holding structures, also make it appealing to the individual: the rule of law applies to all without bias, including the government;

the judicial system is competent, fair and transparent and the Islands are politically and financially stable (reinforced by its connections to the United Kingdom as a British Overseas Territory); the Islands also boast an excellent communications network. In addition to this, inhabitants of the Cayman Islands enjoy a considerably higher standard of living than anywhere else in the Caribbean, if not the world. Most importantly, the Cayman Islands are extremely safe with a low crime rate and

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expertise that is consequently available in the Islands and readily transferable into a family office environment, where the focus is on the preservation and management of family assets rather than external investors’ interests. There are few places outside the major onshore financial centres which can offer the talent pool, professional services support, fiduciary/custodial mindset, transactional expertise and connectivity which is available in and provided by the Cayman Islands. Single family offices of many shapes and sizes, therefore, have come to be based in the Islands but the most prominent by some margin is the Dart Family Office, which has made the Cayman Islands its home since the 1990s and has played a significant role in the recent development of Cayman. Having a large and sophisticated family office such as Dart in the Islands is a major endorsement of the factors that make Cayman so appealing for family offices generally and, as the community of single family offices in the Island grows, there will be growing opportunities for these family offices to work together, coinvest, and to attract larger and ever more interesting investment opportunities. Unsurprisingly, the cosmopolitan nature of the Cayman Islands generally is reflected in the international makeup of the single family offices, which are based here, with offices representing families from the US and Canada, the Caribbean, Latin America, Europe and Africa, particularly, and interest from the Middle East and Asia has also increased of late. As well as being based in the Cayman Islands themselves, many single family offices employ Cayman Islands companies, limited partnerships or trusts to structure the acquisition and holding of assets or to participate in the international transactions in which they engage in order to preserve and enhance the wealth of the family which they serve. In this respect, the Cayman Islands provide solutions to the single family office at a number of different levels.

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no instances of the type of antisocial and threatening behaviour which affects other places where the wealthy tend to congregate. Cayman is a society that is friendly, inclusive, cosmopolitan and respectful of the individual, so much so that the term “Caymankind” has been coined recently to reflect the particular qualities of Cayman society. With an expected increase in the population of the Islands and the arrival of new permanent residents from all regions and walks of life, we can expect increased diversification within the population over the coming years, increased interest from wealthy families and increasingly diverse activity on Island.

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Insurance Legislation The enactment of the Insurance Act, 2010 (the ‘Insurance Act’) was a result of public and private sector collaboration in an effort to improve the regulation of insurance business in the Cayman Islands, enhance protection for domestic consumers and open new frontiers of business development. The main provisions of the Insurance Act include what were at the time two new categories of insurer licences – Class C (Special Purpose Vehicles for Insurance linked securities (“ILS”)) and Class D (large commercial Reinsurers). It also includes whistle‐blowing provisions, enhanced domestic policy holder protections and provides for increased penalties and regulatory powers by the Cayman Islands Monetary Authority, the regulator of Cayman’s financial services sectors. In March 2013, Cayman introduced incorporated cell legislation for insurers structured as Segregated Portfolio Companies (“SPCs”). The Insurance (Amendment) Act, 2013 confers several advantages, such as allowing a portfolio insurance company (“PIC”) the flexibility to transition to a stand‐alone captive unlike an unincorporated cell. The Insurance (Portfolio Insurance Companies) Regulations, 2015 were brought into force on 16th January 2015, along with the related section of The Insurance (Amendment) 44

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Act, 2013. These regulations enhance the insurance statutory framework, providing more alternatives to risk management by enabling insurers incorporated as SPCs more flexibility. Captive Insurance Since 1979 when the Insurance Act was first passed in the Cayman Islands, this jurisdiction has become a major centre for international insurance business. The Cayman Islands is the second largest domicile for captives and holds the number one position worldwide for healthcare captives; these make up nearly one third of captive insurance companies in Cayman. The Cayman Islands is also a leading jurisdiction for group captives and ILS. The international insurance industry is primarily made up of companies insuring risks in North America, representing about 90% of the market. As of 30th June 2021 the total number of international captives in Cayman was 657 with 24% of them in total being Medical Malpractice Liability captives. The second largest line of business proved to be Workers’ Compensation, with 147 licencees and 22% of companies assuming risk as their primary line of business. Total assets for the entire captive industry in Cayman equated to approximately US$75 billion as of 30th June 2021. Reinsurance Although the commercial reinsurance industry is relatively small in the Cayman Islands when compared to that sector in Bermuda, it has shown evidence of continued growth over the last few years, including 2020. Reinsurance represents 9% of Cayman’s international insurance industry with a total of 61 licences in the second quarter of 2021; its total assets equating to US$23.1 billion. By drawing a distinction between reinsurance and captive insurance and by offering effective regulation and competitiveness, the Cayman Islands is in a strong position to attract substantial reinsurance business through either new enterprises

establishing themselves in Cayman or those re-domiciling in Cayman from elsewhere. The benefits offered to attract business and personnel to Cayman’s shores include senior management personnel of reinsurance businesses, as well as other categories of financial services professionals, being allowed to apply for residency under the Immigration (Transition) Act (2021 Revision). The holder of a Residency Certificate (Substantial Business Presence), which is valid for a renewable period of 25 years, is entitled to reside in the Cayman Islands and to work in the business in which he or she is an owner or is employed in a senior management capacity in an occupation approved by the Chief Immigration Officer (without a work permit). The spouse (or civil partner) and dependent children of the Certificate holder are also allowed to reside in the Cayman Islands. This allows for the seamless immigration of executive management or specialists such as actuaries to relocate and domicile in the Cayman Islands. Domestic Insurance The number of Class A insurance companies operating in Cayman totals 25 as of 30th June 2021 . The insurance sector in the Cayman Islands remains robust. As of 31st March 2021 the total premiums written by Class A domestic insurers were reported at US$242 million. Cayman Islands Insurance Association (CIIA) The CIIA was established in 2004 to bring all of the insurance associations representing the industry in the Cayman Islands under one umbrella. CIIA advises on insurance policy and communicates directly with the Cayman Islands Monetary Authority (CIMA), who regulates the insurance industry, on behalf of industry stakeholders and insurance providers. The CIIA places focus on professionally educating and developing their members to increase their insurance knowledge.


Cayman Islands’ most-trusted news source since 1965. Keep up-to-date with all the local news, issues, sport and entertainment with the Cayman Compass. Read our weekly print edition, published on Fridays, and log on to caymancompass.com and the Cayman Compass social media pages for regular updates.

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They also aim to inform the public about current insurance topics of interest and provide transparent communication. To read posts about these topics and for more information, visit www.ciia.ky.

C AY M A N - A G LO B A L F I N A N C I A L C E N T R E

2

Business Conferences in Cayman Cayman usually hosts a plethora of notable business and industry conferences throughout the year which attract a broad cross-section of the professional and business community and well-recognised guest speakers cover local and global events, pertinent financial and political topics and technological advances. However, due to the global pandemic many of these have either been cancelled or are on hold for 2021. A few of Cayman’s premier business conferences include: The GAIM Ops Cayman conference, which is the largest hedge fund operational due diligence, compliance and risk management event. The Cayman Captive Forum which discusses issues most pressing to the captive insurance industry. The International Wealth Structuring Forum hosted by STEP. Others include the Cayman Alternative Investment Summit (CAIS), and the Cayman Islands Digital Economy Conference (CyDEC). Cayman Finance Cayman Finance’s mission is to protect, promote, develop and grow the Cayman Islands financial services industry through cooperation and engagement with domestic and international political leaders, regulators, organisations and media; to promote the integrity and transparency of the industry by legislative and regulatory enactment and to encourage the sustainable growth of the industry through excellence, innovation and balance. For more information visit www.caymanfinance.ky, call (345) 769 6200 or email: enquiries@ caymanfinance.ky. Cayman Islands Stock Exchange (CSX) CSX is a well-established and internationally recognised stock exchange, which is a 46

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member of the Intermarket Surveillance Group, an affiliate member of the International Securities Commission (IOSCO) and has been granted recognised status by the UK HMRC, which enables UK resident investors to receive interest and dividend payments without the deduction of withholding tax. It provides a specialised and well-regulated listing and trading facility for mutual funds, hedge funds, structured debt securities, Eurobonds, Shariah compliant products, preferred shares, depository receipts, derivative warrants and local and international equity. To attract fund listings from other jurisdictions, non-Cayman listing agents may now be appointed. Cayman Islands Department of Commerce and Investment (DCI) The Cayman Islands DCI is responsible for the grant and regulation of licensing for most business in the Cayman Islands. This includes the administration and issuance of Trade & Business Licences, Local Company (Control) Licences, Tobacco Permits, Liquor Licences, Public Film Exhibition Premises Licences, and Special Economic Zone Company Licences. For more information see their website on www.dci.gov.ky. Currency The legal tender of the Cayman Islands is the Cayman Islands Dollar (denoted CI$) and the sole issuing authority is the Cayman Islands Monetary Authority (CIMA). However, the United States Dollar, with a fixed rate of exchange, is widely used in local finance and commerce. The denominations consist of $1, $5, $10, $25, CI$50 and a $100 bill. Aircraft Registration The Cayman Islands Aircraft Registry (CIAR) (www.caacayman.com/aircraftregistry) provides aircraft registration and certification services for aircraft within the jurisdiction or those based elsewhere. Founded on UK legislation, the Civil Aviation Authority of the Cayman Islands (CAACI) is responsible for safety oversight and the economic regulation of the aviation industry

in Cayman and for all aircraft registered on the CIAR. Any person or company wishing to register an aircraft in Cayman must meet the exacting standards of the CAACI; these include submitting due diligence records within a registration application which meet International Anti-Money Laundering Act requirements. Those financing a registered aircraft can register their security interest on the Cayman Islands Aircraft Mortgage Register, which is supported by the CI Mortgaging of Aircraft Regulations (2015). Registration applications, certifications and ongoing authorisations happen within a bespoke secured data management portal, VP-C Online designed specifically for the CIAR. Additional information can be requested by email: civil.aviation@ caacayman.com. Ship Registration The Cayman Islands has a seafaring history that goes back more than a century. This tradition is preserved by the Maritime Authority of the Cayman Islands (MACI) which has oversight of the Cayman Registry and maintains its headquarters in Grand Cayman. The MACI is a firstclass international organisation, with a worldwide reputation for excellence and efficiency in global shipping. The registry is staffed by an international team of professionals with many years of experience in the world of international shipping. MACI offers consulting services to clients and other countries on a variety of maritime issues including maritime administration structures, financial aspects of operating a maritime authority, and how to draft specific legislation. As a Category One British Registry, the Cayman Registry is qualified to register vessels of all sizes and classes, from yachts to super tankers. In the super yacht range, Cayman is one of the world’s leading offshore luxury yacht registries. Registering your vessel in the Cayman Islands grants you protection and assistance from the UK Royal Navy regardless of location and full British Consular services for all Cayman flagged vessels. Visit www.cishipping.com.


Investing Photos courtesy of Guy Waller, Jonathan Sparrow and Rebecca Davidson

Saving and investing in Cayman, including wealth management services, tax considerations and investing in property.

3

WEALTH MANAGEMENT

There are a number of different ways to engage in the services of investment advisors based in the Cayman Islands, either through the local office of a global firm or the asset management group of a

47 52 54 54 55 56 55 59

I N V E S T I N G I N C AY M A N

T

he Cayman Islands’ well-regulated, tax-neutral environment is highly regarded internationally. As the world’s leading domicile for offshore hedge funds and one of the largest captive insurance centres, it is predictably the offshore jurisdiction of choice for both private and institutional investors. Cayman’s prominent reputation comes in part from the highly professional and business-friendly Cayman-based financial institutions, which maintain a close working relationship with the Government. Together they ensure that Cayman continues to foster a transparent and functional financial regime. Included in this chapter are some of the top wealth management advisors in Cayman who can provide expert advice on all of the asset classes available to investors, as well as brokerage services for those who want to pick their own stocks and shares. One asset class that remains popular among investors is Cayman property. Real estate is highly sought-after by local and overseas investors as there are no annual property taxes. The local property market also continues to become more sophisticated every year. The Island is positioned as one of the top spots in the world for investors to hold high-end property.

Wealth Management Saving & Investing in Cayman Foreign Direct Investments (FDI) Establishing a Trust Investing in a Cayman Pension Investing in Crypto Assets Investing in Cayman Property Investing in Annuities

local financial institution. A local investment advisor will be able to offer expert investment guidance on a personal one-on-one basis in the resident’s time zone. He or she will also be familiar with the asset allocation and types of investments that are appropriate given the resident’s tax status. Most of the retail banks in Cayman have a full range of financial services, and there are an increasing number of specialised financial institutions that advise individuals who are looking for private banking or wealth management facilities. Brokerage firms in Cayman offer a wide range of client accounts and a full suite of products. For example, there is ready access to the full spectrum of offshore hedge funds and funds-of-funds, with choices ranging from low volatility funds to those which are aggressive and specialised. There is access to a wide range of interest bearing securities, structured notes (including equity-linked notes), step-up bonds and Eurobonds denominated in multiple currencies. Investment accounts that are designed to receive monthly contributions are not very common because deferred tax planning is generally not necessary. However, a number of the larger retail banks

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www. c a y m a n r e s i d e n t . c o m

47


and brokerage firms can structure traditional brokerage accounts to receive monthly contributions and invest those contributions in a portfolio of mutual funds. Cayman has a number of regulated wealth management firms that offer securities brokerage, along with investment advice and discretionary management services. Most financial institutions offer products and services to meet the needs of investors of all sizes. We recommend contacting the following leading organisations to discuss your range of options and their minimum requirements.

that they are perfectly positioned to advise on

help you plan for a better financial future.

the most demanding and complex cases.

SE E AD PAG E 56

SE E AD PAG E 51

Liberty Wealth Partners Ltd Cayman National Bank Ltd.

Fort 51, Fort Street, George Town

Suite 6201, Forum Lane, Camana Bay

Tel: (345) 516 2695

Tel: (345) 949 4655

Email: hello@libertywealth.ky

domesticpremierbanking@caymannational.com

www.libertywealth.ky

www.caymannational.com

Liberty Wealth is a fee-only comprehensive

Services offered: Premier savings and chequing

wealth management firm, offering holistic

accounts, lending services, merchant services,

financial planning and investment management

payroll services, online banking & mobile app,

services. Liberty Wealth guides you to financial

Visa Infinite and Business cards, a dedicated

freedom and true peace of mind through a

relationship manager, priority processing on all

wealth management process that goes far

applications. SE E AD PAG E S 57 & 132

beyond investments.

(International) Ltd.

CIBC FirstCaribbean

LOM Offshore Financial Services

SW2 Grand Pavilion, West Bay Road

FirstCaribbean House, George Town

39 Market St., Suite 3206B,

Tel: (345) 943 0015

Tel: (345) 949 7300

Gardenia Court, Camana Bay

Email: info@blacktowerfm.com

www.cibcfcib.com

Tel: (345) 233 0100

www.blacktowerfm.com

Services offered include Private Banking,

Email: info@lom.com or www.lom.com

Blacktower works to ensure their clients

Discretionary Portfolio Management, Trust,

The LOM Financial Group is an award-winning

receive the financial products and wealth

Estate and Fund Services.

publicly-held, international financial services

Blacktower Financial Management

I N V E S T I N G I N C AY M A N

3

SE E AD PAG E 54

management services that best advance

company, providing a complete range of

their financial objectives and circumstances.

EFG Bank AG, Cayman Branch

private investment services and products. For

From pension planning and pension transfer

Suite 3208, 9 Forum Lane, Camana Bay

nearly 30 years they have provided brokerage,

schemes to savings, investments and tax

Tel: (345) 943 3350

custody, asset management, and corporate

planning, Blacktower specialists can help you

Email: efgcayman@efgbank.com

finance services to individuals and institutional

ensure your money works for you.

ky.efgbank.com

clients around the world. LOM is a high-service

SE E AD PAG E 58

Founded in 2008, EFG Bank AG, Cayman

alternative to the world’s largest private banks

Branch delivers the highest levels of service

and brokerage. SE E AD PAG E 53

Butterfield Bank (Cayman) Limited

and the full range of products expected from

12 Albert Panton Street, George Town

a pure-play, global private bank. As part of

Moore & Moore Investments Group Ltd

Tel: (345) 949 7055

EFG International, with a footprint in over

Governors Square, 2nd Floor,

Email: info.cayman@butterfieldgroup.com

40 countries, EFG’s services are catered

23 Lime Tree Bay Avenue

www.butterfieldgroup.com

towards the High Net Worth market, covering

Tel: (345) 922 1805

Services offered: Private banking, asset

banking, financial planning, and investment

office@mooreandmooreinvestments.com

management, trusts and estate planning,

management. SE E AD OP P OSI T E PAG E

www.mooreandmooreinvestments.com

custody services and lending solutions.

Moore & Moore Investments Group provides International Financial Planning (IFP)

access to bespoke alternative investment

94 Solaris Avenue, 3rd Floor, Camana Bay

opportunities to private investors. With a core

Carey Olsen

Tel: (345) 769 5352

focus on wealth preservation, MMIG works

Willow House, Cricket Square, Elgin Avenue

Email: enquiries@ifp.ky or www.ifp.ky

closely with you, taking into account your

Tel: (345) 749 2000

IFP is an independent financial planning

individual circumstances, goals and risk profile

Email: cayman@careyolsen.com

company with offices in Bermuda, the Cayman

to manage and preserve your wealth and

www.careyolsen.com

Islands and the British Virgin Islands. They

protect your legacy. MMIG is incorporated in

Carey Olsen has one of the largest trust and

provide impartial, independent investment

the Cayman Islands and is registered with the

private wealth teams in the offshore world

advice and advise clients on a range of

Cayman Islands Monetary Authority pursuant

offering advice on both contentious and non-

strategies best suited to them. Specialists

to the Securities Investment Business Act.

contentious trusts and private wealth matters.

in tax neutral retirement planning, regular

SE E AD PAG E 23

Their global reach, scale and experience means

savings and portfolio management, IFP can

SE E AD PAG E S 61 & 131

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Entrepreneurial thinking. Private banking. First-class private banking solutions; comprehensive financial and investment offering; delivered one relationship at a time.

ky.efgbank.com EFG Bank AG, Cayman Branch is licensed by the Cayman Islands Monetary Authority to provide private banking services. Please note, some restrictions may apply. The office in Grand Cayman for EFG Bank AG, Cayman Branch is located at 9 Forum Lane, Camana Bay, P.O. Box 10360, Grand Cayman KY1-1003, Cayman Islands, T +1 345 943 3350.


RBC Royal Bank (Cayman) Limited

service. They pride themselves on their

Scotiabank & Trust (Cayman) Ltd.

Royal Bank House, 24 Shedden Road, 2nd Floor

tailored approach to your individual wealth

Scotia Centre, 18 Forum Lane, Camana Bay

Tel: (345) 949 4600 ext. 69036

management needs, always putting your goals

Tel: (345) 949 7666

Email: antonette.baptist@rbc.com

and priorities first. Backed by the strength

Scotiabank in Camana Bay offers a full suite

www.rbc.com/caribbean

and experience of Canada’s leading wealth

of retail banking services, two 24/7 ATMs,

management firm, RBC Dominion Securities

Corporate & Commercial Banking, and Captive

RBC Dominion Securities Global Limited

Inc., is able to draw on this global expertise

Insurance Services, along with Scotia Wealth

3rd Floor, 9 Forum Lane, Camana Bay

while operating like a specialty local business

Management and a Premium Banking Centre.

Tel: (345) 949 4066

to help you to protect and grow your wealth

www.rbcdscayman.com

throughout every stage of your life.

TSC Financial Services

RBC offers the strength and experience of

SE E AD PAG E 55

The White House, 20 Genesis Close, GT

a global firm, with a personalised boutique

Tel: (345) 743 4663 Email: info@tscfinancial.ky www.tscfinancial.ky TSC Financial Services is the Cayman Islands’ first and only Hybrid Fee-Based Financial Planning Company. Their CFP® professionals and

3

ONLINE TRADING

FOR

EVERYONE

I N V E S T I N G I N C AY M A N

FOREX·STOCKS·FUTURES·INDICES·METALS·ENERGIES

From beginners to professionals, hit your financial goals with one app on every device.

tradeviewforex.com tvmarkets.com

+1 345 945 6271

info@tvmarkets.com Grand Cayman, KY1-1002, 5th Floor Anderson Square, 64 Shedden Rd, PO Box 1105.

highly

experienced

advisors

will

help you plan, develop and manage your financial strategy and investment portfolio. TSC independently offers a wide range of international investment platforms and funds to help maximise returns, reduce fees and mitigate portfolio risk. SE E AD PAG E 52

Brokerage Services Currently, Tradeview Markets is one of the only fully licensed, full-service brokerages in the Cayman Islands that offers online trading services to individual brokers and investors. Tradeview provides direct access to trade execution and clearing services online to institutional, professional and retail traders for a wide variety of electronically traded products, including stocks, options, futures, Forex and CFDs on major indices and commodities. Tradeview Markets 5th Fl Anderson Square, 64 Shedden Road, GT Tel: (345) 945 6271 Email: info@tvmarkets.com www.tvmarkets.com Services offered: Online discount securities trading from a regulated brokerage account for Cayman residents, offshore residents and

Tradeview Ltd. Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.

*The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, fixed Income and other products can be substantial.

expat investors, including non-resident US citizens. If you are interested in trading in the US market with access to various stocks (such as those listed on NYSE, NASDAQ and AMEX). SE E AD T H I S PAG E

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At Carey Olsen, we have the local knowledge and transactional experience to assist businesses and private clients who are both located in or relocating to the Cayman Islands.

R E L AT E D S E RV I C E S

To discuss your requirements in confidence, please contact:

⁄ Trusts and Estate Planning

Bernadette Carey

Partner, Trusts and Private Wealth D +1 345 749 2025 E bernadette.carey@careyolsen.com

⁄ Relocation and Immigration ⁄ Corporate Law ⁄ Residential and Commercial Property ⁄ Wills and Inheritance ⁄ Regulatory Advice ⁄ Family Office ⁄ Foundations and Philanthropy ⁄ Special Economic Zone Assistance

Jarrod Farley

Partner, Corporate and Finance D +1 345 749 2004 E jarrod.farley@careyolsen.com

Brian Jacomb

Consultant, Real Estate D +1 345 749 2039 E brian.jacomb@careyolsen.com

With you every step of the way O F FS H O R E L AW S P EC I A L I ST S BERMUDA C A PE TOWN

B R I T I SH VI RG I N I S LANDS H O N G KO NG

LOND ON

C AYMAN I S LANDS SINGAP ORE

G U ER NSEY

JER SEY

careyolsen.com


avoid tax on income. US citizens are liable to

a chequing account, since bills may be

be taxed on worldwide income, irrespective

paid online. In this instance, customers are

Working in Cayman can be particularly rewarding as earnings and any gains from investments are tax-free. Nevertheless, as the Cayman Islands are a tax-neutral jurisdiction, it is strongly recommended that all new residents looking for employment here take the following steps:

of where that income is physically earned,

granted savings accounts in either US$ or

although you may be eligible for a foreign

CI$. (Note: banks in Cayman are strictly

earned income exclusion, which is adjusted

regulated by the Government-run Cayman

each year based on the inflation rate.

Islands Monetary Authority (CIMA), which

Canadian citizens have to prove that they

has the regulatory and oversight functions

have severed ties with Canada to avoid

of a central bank. There is no equivalent

paying tax.

in Cayman to the US Federal Deposit

1) Seek tax advice in your home country.

2) As soon as is practical after arrival in the

Insurance, which means that deposits are

The tax authorities in Canada, the UK and

Cayman Islands, a local bank account

not protected if a bank should be declared

the US treat income differently when their

should be established. This will enable you

Tradeview can help. SEE AD PAGE XXX SAVING & INVESTING IN CAYMAN

I N V E S T I N G I N C AY M A N

3

bankrupt). 3) Consider

the

establishment

of

an

residents are physically working outside

to have a debit card and do online banking.

of the country. All newcomers to Cayman

Local ATMs accept both local and foreign

investment account. This will enable new

should determine if it is advantageous

debit and credit cards. Regarding chequing

residents to take advantage of some of

to transfer savings and investments to

accounts, most local banks impose both

the other services that banks offer, such

Cayman or keep them at home. It is also

monthly fees and transaction fees on

as investment advice, brokerage services

very important to determine how long you

chequing accounts unless fairly significant

and, for those with significant assets,

need to be a non-resident before securing

average balances are maintained. Certain

discretionary investment management.

tax-free benefits, if it is possible at all. Tax

banks for example, point out to new

4) Arrive prepared to meet local requirements

legislation is continually changing, so it is

customers that the bank maintains the

for establishing banking and investment

imperative to have the latest information

payment details of several hundred local

relationships. Local due diligence calls

before making decisions on investing. For

merchants and service providers. This,

for having readily available (original)

example, in the UK an individual has to be a

together with easily accessible online

documents that confirm the personal

non-resident for one full tax year in order to

banking, can mitigate the need for having

identity and other particulars of an applicant. The requirements vary with each institution, but generally include two forms of identification, confirmation of residential address, a bank reference, professional reference (both addressed to the bank in Cayman) and evidence of the source of funds. For a full and detailed list of requirements see the Money and Banking section of the Settling In chapter. 5) If planning to return to a country that is not US$ denominated, consider converting CI$ or US$ denominated earnings to the home country currency on a regular basis. If all of your savings are in CI$ and you only convert it upon returning to the home country, it is possible that exchange rates could move adversely and negatively impact the value of your savings once converted into your home currency. 6) Factor into investment planning an eventual return to your home country. At that time, it’s not advisable to liquidate all investments held locally and repatriate the funds. To make the appropriate decision at that time, it is very important to be fully aware of your individual tax situation and what you

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Building a legacy to last • Generational Wealth Planning & Investing • Discretionary Investment Portfolios • Custody & Trading

39 Market Street, Gardenia Court, Camana Bay, Cayman Islands +1 345 233 0101 | info@lom.com | www.lom.com | Bermuda | Bahamas | Cayman | UK LOM Financial (Cayman) is licensed to conduct Investment Business by the Bermuda Monetary Authority.


are legally allowed to do. Whilst in Cayman,

com first, as you might trigger inheritance

it may be advantageous to establish a

tax if it is done too soon.

Cayman-registered company or Caymanregistered trust to own investments; these could potentially provide tax advantages upon returning to the home country. Most local banks in the Cayman Islands have a trust department that can provide expert guidance and they will advise on the best strategy based on each client’s personal situation. However, please see the Domicile & Tax section on www.caymanresident.

I N V E S T I N G I N C AY M A N

3

FOREIGN DIRECT INVESTMENTS (FDI)

The Cayman Islands Government is actively promoting the Cayman Islands as a great place to live and invest in. A new division of the government called InvestCayman ( SE E AD PAG E 63) has been created whose primary mandate is to stimulate, support and develop worldclass and sustainable diversified projects, developments and enterprises, intended to

deliver strong social, cultural, environmental and economic benefits to the Cayman Islands and its people. Their core purpose is to help transform the Cayman Islands into a globally competitive and sustainable destination, and in doing so, build up equity that the country can leverage for years to come. InvestCayman acts as a strategic guide, a mentor, and a hands-on operator for potential investors, and they are supported by a deep knowledge of the island’s economic and social realities. The agency is a gateway to accessing supportive business environments and government facilities through which interested parties can explore the Cayman Island’s array of new investment opportunities. The agency is managed under the Ministry of Investment, Innovation and Social Development providing exceptional local knowledge and trusted networks. For more information on InvestCayman - email: info@investcayman. gov.ky, web: www.investcayman.gov.ky or call (345) 916 6599. ESTABLISHING A TRUST IN CAYMAN

With a well-regulated financial industry and modern, regularly updated legislation, the Cayman Islands is one of the world’s top taxneutral jurisdictions in which to establish a trust. The trusts regime in Cayman benefits from a politically stable environment with no capital gains, income, profit, corporation or withholding taxes. Cayman’s government also ensures that if the tax status in the country were to ever be changed, a trust that is registered as an ‘exempted trust’ would remain tax-free for up to 50 years. A variety of flexible trust structures can be set up in the Cayman Islands for a wide range of purposes including asset protection, estate planning and business succession. The top legal firms in Grand Cayman have a proven track record in commercial and private trusts, including trust formation and establishing private trust companies. These firms also advise on the regulatory and operational requirements relating to trust structures. Turn to page 70 in the Running a Business chapter for a comprehensive list of legal firms that can help you to establish a trust and also manage any disputes related to existing trusts. 54

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INVESTING IN A CAYMAN PENSION

from the various plans, many have good reason to worry that their pension will not provide a meaningful income when they retire. In fact, at the current contribution rate of 10% a member will contribute 1 year of their average earnings for every 10 years they are contributing to their plan, meaning that those looking to retire in the near term might expect to see a balance representing just 2 years’ worth of their income plus investment returns, less fees and withdrawals.

RBC Dominion Securities Global Limited

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According to the National Pensions Act, all participants (members) in a private pension plan can choose, on retirement, to purchase an annuity or begin drawing down the balance in their pension account. Many residents have speculated about the maximum drawdown being limited to only CI$1000 per month which would certainly not provide a meaningful retirement income. We thought we would investigate this for you so that you can decide what to do about investing in a pension. Here is what we found: When you retire, whether that is 65, the official ‘age of pension entitlement’, or as early as 50 with special restrictions, you can draw down a percentage of your pension pot based on your age. At 65 this would be between 2.05% and 5.11% of your total pension pot, or, if your maximum drawdown allowance does not reach an annual total of CI$12,480, then you are given an annual allowance of CI$12,480, which can be paid monthly, quarterly or annually, until the balance of your pension is finished. If a member has a pension balance of CI$200,000 and wishes to drawdown the maximum from their pension at age 65, this is calculated as $200,000 x .0511 which gives a total of CI$10,220. As this is below the minimum threshold of CI$12,480, the member will receive CI$12,480 per annum. If however, the member were to have a balance of CI$500,000 at the age of 65 then the member would receive CI$25,550 per annum. This drawdown schedule can be found on some pension plan’s websites. There are a few other things to consider: 1) if a member has made additional voluntary contributions (AVCs), these can be withdrawn as a lump sum at normal retirement (65). 2) Before retirement, members can access their AVC’s for four specific ‘hardship’ reasons – temporary unemployment (for a max of 6 months), to pay for medical bills (non-elective medical treatment only), housing (to purchase land or a home, construct a home or pay off the balance of a mortgage), or education

(extended to the member’s children if in full-time education). Private pensions were made mandatory in 1998. Since then, Government has allowed pension holidays in April 2010 (12 months for Caymanians and 18 months for non-Caymanians) as well as the current pension holiday which started in April 2020 and is set to expire at the end of 2021. Coupled with the emergency withdrawals for COVID-19, which saw members withdraw almost CI$500 million

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As most retirement professionals believe that a person should contribute between 17% and 20% to their retirement investment for a minimum of 40 years; Cayman’s private pension system will achieve little more than an income supplement for the majority of pensioners and we understand that the Government has been well aware of this for many years. In many other jurisdictions, as well as higher pension contribution rates, individuals benefit from government funded Social Security to supplement retirement income and are given tax breaks on registered savings plans if the money is not withdrawn until retirement. As these benefits do not exist in Cayman yet, individuals should speak with their pension provider or a financial planner if they are concerned about their retirement income. At a minimum, it is recommended that those who withdrew funds from their pension account in 2020 should make provisions to repay those funds to their pension by making additional

voluntary contributions over a few years when they have the means to do so. After these additional contributions have been deducted from the employee’s salary for some time, it’s likely the funds won’t even be missed, and the increased contribution rate could be carried forward indefinitely. Ultimately this will make for a more meaningful and comfortable retirement. There is also a government pension plan that has performed extremely well in the last number of years and had a market value of $1.193 billion as of 31st December 2020. According to the 2020 annual report for the plan, the fund grew by more than US$170 million and provided a return of 15.5% in 2020. INVESTING IN CRYPTO ASSETS

The financial service industry in Cayman is well positioned to support this new decentralised economic model. The Virtual Asset (Service Providers) Act (2020) has introduced a framework to regulate digital assets, in order to ensure that any risks

Building a better FINANCIAL FUTURE If you've just arrived in Cayman, setting up a bank account is only the first step in securing your financial future. Talk to an independent financial advisor at IFP today for advice on any pensions you may have left behind and how to best structure your financial future in Cayman. Call us at +345 769 5352 or email enquiries@ifp.ky

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associated with such activities are analysed and mitigated, that any benefits are realised in a manner consistent with a well-regulated financial services jurisdiction, and to develop sensible measures for blockchain innovation to thrive. It is widely speculated that this new technology has the potential to disrupt the current global economic model by providing a more efficient engine for the flow of assets across borders. In these early stages the process of investing in crypto assets is still being fine-tuned, but the basic procedure is to (i) purchase, (ii) transfer, and (iii) store a crypto asset(s). (i) Purchase: Open an exchange account (e.g. Bitfinex, Gemini, CoinBase or Bitrex) and fund your account with a fiat currency. (ii) Transfer: The most secure way to store crypto assets is within an application known as a wallet. Popular examples include Electrum or Bitcoin-Core for Bitcoin, MetaMask for Ethereum and Ledger or Jaxx for a multiple crypto asset storage solution. The wallet has a deposit button which appears to be a random set of characters, known as your public key (think ‘user name’). The exchange will have a withdrawal function, requiring your public key to send the crypto asset to your wallet. Once the transaction is executed on the exchange, a global network of computers (the decentralised ‘governance’, so to speak) will process the transaction and publicly confirm its successful completion. (iii) Store: Your crypto asset is now stored in your wallet, for you to make purchases to another wallet, or make further transfers. Anyone looking to secure large values of crypto assets should first speak to a technical expert. PRECIOUS METALS & SECURE STORAGE

Owning gold, silver and other precious metals makes tremendous sense and offers investors opportunities for both wealth preservation and wealth appreciation across a wide spectrum of economic scenarios. Purchasing and storing precious metals in the Cayman Islands is a solid investment in your future. Adding precious metals to a diversified portfolio of stocks and bonds


Strategic Wealth Preservation (SWP)

transfers registered with the Land Registry for 2020 was 1,920 compared with 1,922 in 2019, only a slight decrease of under 1%. However, the total consideration in CI dollars was CI$770,551,070 in 2020, compared to CI$816,438,256 in 2019, representing a decrease of 6% by value. This is a surprisingly small reduction considering the Island has had closed borders and was under a national ‘stayat-home’ lockdown for a period of three months. During this time the value of each individual transaction has increased by just under 15% from CI$427,000 to CI$490,000. There are several factors that have contributed to the increase in property values and demand over the last few years. Interest rates have been low and this has significantly contributed to the rate of borrowing, especially for people buying real estate as an investment. Local banks are offering (as of October 2021) 4.25% interest mortgages and up to 90% loanto-value. This has made lending finance attractive both for new purchases and

for existing property owners to either re-finance their homes/properties for improvements or purchase a new property for investment. On the commercial side, this has also opened up opportunities for investors to buy commercial real estate, either for redevelopment or leasing. An example being the highest transaction of 2020, which was the purchase of a redevelopment property - the site of a former hotel on West Bay Road called The Cayman Islander, which was purchased by the late Sandals owner, Butch Stewart, for CI$15,120,000 or CI$61.22 per square foot. A second driver for the Cayman Islands real estate market has been the low community COVID-19 transmission environment and safe and clean living conditions it offers. As a consequence, Cayman has seen a large demand in ultraluxury properties where cash-rich investors have purchased, in some cases, sight unseen. An example of these transactions is the purchase of the Watermark penthouse

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integrated precious metals dealer and secure storage provider located here in George Town. SWP specialises in the acquisition and secure storage of precious metal bullion, as well as secure storage for corporate data, documents and other valuable items. INVESTING IN CAYMAN PROPERTY

According to Fleur Peck at BluePoint Consultants, prior to the COVID-19 pandemic, the Cayman Islands’ real estate market experienced steady price growth for most property types in the years between 2010 and 2019. Most notably there was a steep increase in the number of transactions between 2017 and 2019. As a result of the COVID-19 pandemic, 2020 was the first year that showed a decline in both the number of transactions and the value of freehold transfers. As shown from the data below, the total number of open market

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helps improve the returns of such a portfolio over time while reducing risk and overall portfolio volatility. Traditionally, financial advisors have recommended allocating 5%–10% of one’s portfolio to precious metals, however, recent data indicates that the optimal allocation to precious metals is closer to 20%–25%. The Cayman Islands is an excellent jurisdiction for the storage of precious metals for several key reasons: > Its proximity to the United States, Canada and Latin America; > There are no import or export tariffs on precious metals coming to or leaving the country; > There is no sales tax on the storage of precious metals; > Assets in storage are not reportable to any local or foreign government or tax authorities. If you would like to invest in precious metals, the following company can help:


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by an Asian investor for a reported US$19 million in 2020, and the transaction to a New York hedge fund owner of a 7,000 sq ft house on South Sound Road for a reported US$13.5 million. Lastly, Cayman saw a notable increase in demand for lower value properties, both land and residential for under CI$500,000, by locals who took advantage of the opportunity to extract money from their pension funds, which was a measure introduced by the CI Government in the summer of 2020 during the COVID-19 pandemic to stimulate the economy. With the national borders being closed, and strict protocols for re-entry throughout 2020 and 2021, Cayman has had a unique situation whereby residents, a great many of whom normally travel abroad regularly, have spent more time in the Cayman Islands and are therefore looking for local, rather than overseas investments. There is however, a concern about the supply of property, and the sheer number of residential and commercial developments

currently under construction and in the pipeline, and what impact this will have on the increasingly bad traffic situation and importantly, the environment. Many feel that Cayman’s planning policy needs to be reviewed to ensure that we follow a more sustainable path of development, and take into consideration the negative impact of over-development, plus the risk of what a rise in interest rates, or a global recession, could do to our local property values. Land values in certain high demand areas such as Crystal Harbour and Grand Harbour have almost doubled in the last five years, whilst more recently, low value subdivisions in the outer region such as Savannah, East End and West Bay have also been selling at a fast pace. In the built residential sector, there remains strong demand for the ultra-luxury accommodation on Seven Mile Beach, with several high-value Kimpton Seafire apartments recently selling and the newest condominium developments such as Watermark attracting record figures of over

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US$1,700 per sq ft during 2020. Likewise house prices in popular areas close to town, such as Snug Harbour, Crystal Harbour and South Sound have been increasing at a significant rate, as desirable land available for construction becomes scarce. In regards to the commercial property market, at the beginning of the COVID-19 pandemic in 2020, there were early signs of rent reductions Cayman-wide, and defaults on leases in major office complexes as the trading level of some businesses were impacted. However, the financial services and legal industries remain strong and continue to expand which has meant that many of the prime offices have been able to retain their tenants, despite the increasing number of employees working from home. We have also seen cash rich investors such as Dart purchase commercial buildings which has boosted confidence in the market. Recent freehold office sales include Commerce House, Bermuda House and Elizabethan Square, the former HSBC building, and various class B office buildings in the centre of George Town. The former HSBC building was the highest commercial sale in 2020, selling for CI$14,025,602 for 44,477 sq ft of office, retail and restaurant space, equating to $315 per sq ft.

Fixed Income Investing

From the breathtaking canal front properties tucked away in the North Sound waterways, to the new developments popping up in almost every district of Grand Cayman, it is safe to say that our property market is pretty much on fire! The trend is now on building for a more sustainable future with eco-friendly building designs incorporating solar panels, low-flow plumbing, high efficiency appliances, LED lighting and shade trees, all designed to reduce our energy bills and be more gentle on the environment. Go West to discover new developments long the Seven Mile Beach corridor and into West Bay. These include Ocean 9 Villas in Boatswain Bay, which offer nine 4-bedroom homes elevated 12ft above


surrounding luxurious homes and upcoming developments, The Mantras is an apartment complex with 50 units, ranging from CI$495,000-CI$525,000. The 4-bedroom South Sound Collection each come with private rooftop terrace featuring a swimming pool and a kitchen. Grand Harbour is quickly becoming a desirable neighbourhood with eight developments being built. These include Harbour Walk, the newest of the bunch, which will feature 1 and 2-bedroom apartments with shops and offices on the ground floor. Pre-construction prices range from CI$293,000 to CI$609,000. There is Aura, a collection of 39 luxury 2 or 3-bedroom apartments, and a gated community called Grand Palmyra, also near Grand Harbour. The latter are 3-bedroom townhouses, over 3 storeys with a garage and a den. Prices start at CI$675,000. Paraiso, located at the end of Lord’s Way in Red Bay, boasts 12 modern canal-front homes. Expect a private dock and plunge pool per unit. Pre-construction pricing starts at US$870,507 for a 3 bed, 3.5 bath, and separate den area. Allure is a 26 unit canal front development in Tropical Gardens offering 2 and 3-bedroom apartments starting at CI$470,000. INVESTING IN ANNUITIES

Fixed annuities are single premium investment products that provide the ability to earn guaranteed interest over a fixed term. They are a great way to protect and grow accumulated savings without downside risk. An individual has

the choice to select the duration of their desired investment, which corresponds to a fixed rate of return. Generally the longer an individual invests, the higher the rate of return. Interest is credited every day and compounded annually. At the end of the fixed term, a guaranteed amount is earned. This amount does not depend on market performance – it is based on the guaranteed interest rate stated in the contract. Fixed annuities are for investors that seek both reasonable investment returns and safety of principal over a medium to long term basis. It is also for individuals that want the option, but not the requirement, to convert their savings into a monthly guaranteed payment over a stated period or their lifetime. Given the increasing reality of outliving financial resources during retirement, most individuals should consider allocating at least some of their savings to a fixed return product like an annuity. Typically the percent allocated to a fixed product should increase as a person gets older. Knighthead Annuity and Life Assurance Company 62 Forum Lane, 1st Floor, Camana Bay Tel: (345) 623 0300 Email: info@knightheadannuity.com www.knightheadannuity.com Services offered: Fixed annuity investment products with highly attractive, guaranteed investment returns that provide predictable growth and peace of mind.

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sea level in a gated community with a single detached garage each. Prices start at CI$553,900. Located at the end of the Esterley Tibbetts highway in Batabano, The Meadows will offer 1 to 3-bedroom, energy efficient, solar ready, hurricane and earthquake resistant townhomes. Prices start at CI$290,000. Located just north of Seven Mile Beach, SeaDreams, an exclusive boutique condominium development has 4 storeys and only 2-units per floor. Residents will enjoy large living spaces, with a pool and a BBQ area. The Grand Hyatt, a 10-storey resort located at Pageant Beach will feature 167 residences and is now more than 75% sold. Located up at Conch Point, Blue Palms will be a private gated community comprising of eight contemporary 3 and 4-bedroom condos. Pre-construction prices start at CI$889,000. Eleven Parc, situated on the Seven Mile Beach corridor, features 17 new townhomes priced at CI$795,000 for 1,800-2,000 sq ft. There is also Dolphin Point Club which is located at the tip of North West Point in West Bay, where 38 eco-friendly, luxury open-plan 1, 2, 3 and 4-bedroom units are being built. Catalina Bay Seafront Residences, located near the George Town Yacht Club, will feature 2 and 3-bedroom seafront condos and is expected to be completed in late 2023. Kailani – Curio will offer 2 and 3-bedroom luxury wellness and boutique condos that will include a thermal spa, sauna and hydra pool. Lotus, located at Canal Point, will comprise of 20 townhouses starting at CI$895,000. Go East to purchase a condo at Ocean Vista in High Rock located on Seaview Road. Ocean Vista offers 2 and 3-bedroom units priced at CI$300,000-CI$345,000. The Silver Reef Residences, located in North Side, are a new collection of 12, 3-bedroom garden or roof top beachfront condos. Pre-construction prices range from $870k to $1 million. The Rum Point Club Residences is a luxury boutique hotel with thirty one 1 to 4-bedrooms located on Rum Point Drive. Go South to snag a boutique property in South Sound. In keeping with


Running a

Photos courtesy of Rebecca Davidson, Kathleen Spencer, Guy Waller and Cayman Islands Chamber of Commerce

Business How to set up a business in Cayman, the legal formalities, trade and business licensing requirements, finding commercial office space, business services, computers and office supplies.

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Establishing a Business 60 - Legal Formalities 60 - Funds & Investment Business 65 - Cayman Enterprise City 66 Trade & Business Licensing - Incorporation/Registration - Accounting & Auditing Firms - Corporate Services - Legal Services & Attorneys at Law - Independent Directors - Cayman

68 68 69 70 71 73

Other Formalities - Work Permits - Employee Entitlements

75 75 75

Business Services - Bookkeeping Services - Business Insurance - Office Supplies & Electronics - Disaster Recovery Services - Notary Public - Translation Services

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Setting Up An Office 79 - Commercial Office Space 79

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ESTABLISHING A BUSINESS

As a well-regulated, international financial centre with a worldclass infrastructure and political stability, the Cayman Islands offers an ideal environment for businesses to flourish. As a result, the business sector in Cayman is booming. Cayman’s regulatory framework has been continuously enhanced since 2020 to ensure that the Cayman Islands remains aligned with international standards and expectations. In July 2019 the Organisation for Economic Co-operation and Development (OECD) deemed Cayman’s tax regime as “not harmful” to other countries. With a well-developed common law system based on English law, and a local base of world-class corporate service providers, many international businesses have chosen to incorporate or register in Cayman. This chapter is your complete business set-up guide. LEGAL FORMALITIES A business in Cayman can be run as a sole trader operation, a partnership or a company. It is also possible for a foreign company to register a branch in the Cayman Islands so as to be permitted to operate locally. The main distinction is that sole traders and general partners of an unregistered partnership firm have unlimited liability to third parties doing business with them, whereas the shareholders of a company typically have limited liability to third parties doing business with the company. The differences in, and suitability


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of, various types of business structure are highly technical and are best discussed with a qualified Cayman Islands attorney. Where two or more people want to go into business together, but wish to avoid all the formalities and expense of a company, a partnership structure may be more appropriate. Professional advisors, such as lawyers and accountants, have traditionally used a partnership structure for their business. A partnership generally has less legislative governance requirements than a company and can be more flexible in its treatments of the partners’ responsibility for liabilities and share of profits. Partners are also personally liable for any debts the business incurs, except for in the case of a registered Limited Liability Partnership, where the limited partners generally enjoy limited liability. A company may be used where the owners and operators of the business wish to ensure limited liability for the debts of the business. Companies are commonly used for all sorts and sizes of businesses. There are more formalities and fees associated with forming and operating a company than with a partnership or sole trader business; however for many, the benefit of limited liability that is attached to a company offsets the extra effort and cost for the formation and operation of a company. Foreign businesses that do not wish to establish a Cayman Islands subsidiary have the option of registering a branch operation in Cayman. The process to register a branch with the Cayman Registrar of Companies is straightforward. The branch, once registered, is required to maintain a local registered agent and pay annual fees to the Cayman Islands Government in order to maintain its registration. If your aim is to operate a business within the Islands, it is likely that some form of local licensing will be needed. More details on the local licences procedure is given later in this section. For a business which is at least 60% beneficially owned and controlled by one or more Caymanians, the acquisition of 62

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a Trade and Business (T&B) Licence is required. Where beneficial ownership and control does not meet this threshold, a Local Companies Control Law Licence (LCCL) may be required. The grant of an LCCL is a matter of discretion for the Trade and Business Licensing Board on the basis of various statutory criteria focusing on the protection of local interests and the benefits which a business would bring to the Islands, in addition to the extent to which Caymanian participation has been sought (which will ordinarily include a requirement for public advertising) and whether the proposed business will compete with any local Caymanian-owned businesses. Businesses wishing to set up a physical presence in the Cayman Islands, but whose activities are carried out mainly outside the Islands, are in most cases exempt from the Local Companies Control Act (LCCL). As such, although they would require a T&B Licence in order to set up their local office and apply for work permits for any expatriate employees (as discussed further in the Immigration chapter), they would not require a LCCL, or to meet the 60% Caymanian ownership threshold. It should be noted that banks, trust companies, company management firms and a number of other businesses in the financial sector are exempted from the T&B and LCCL regimes, although they would need to secure the necessary licences from the Cayman Islands Monetary Authority (CIMA). A different regulatory regime is available for businesses in certain approved categories seeking to set up within Cayman’s Special Economic Zone. Sole Trader Due to immigration requirements and the rules governing the grant of a T&B Licence, in practice only a Caymanian will be able to operate a business as a sole trader if they are competing in the domestic market. A sole trader is able to start his/her business by simply offering services or goods in return for payment, with very few formalities depending upon the type of business. The

sole trader can employ people to work in the business, but is personally responsible for all the liabilities of the business (e.g. rent, T&B Licence fees, salaries and benefits for employees) and is also the person who receives all the profits. As indicated above, however, a foreign national doing business internationally from a base within the Cayman Islands will generally only be able to obtain a licence and operate in and from within the Cayman Islands if they first incorporate a suitable Cayman Islands company and obtain the relevant licenses for that entity. There will be no requirement for such an entity to have any Caymanian participation. Partnerships One form of partnership is where all the partners are ‘general’ partners and participate in the management of the business. In this structure, the only restrictions on sharing profits and withdrawing capital are those agreed between the partners. As well as general partnerships, the Partnership Act sets out the rules for ‘ordinary’ limited partnerships. However, limited partners must not participate in the management of the business and a limited partner’s right to share in the profits or withdraw capital is restricted. The Exempted Limited Partnership is another form of partnership which is specially designed to provide more flexibility to suit the needs of the financial industry in Cayman and is typically used for caring on business outside of Cayman. In all cases, you are advised to contact a specialist to determine the partnership arrangement most suitable for your needs. In addition to the Exempted Limited Partnership, the Cayman Islands has recently passed legislation introducing Limited Liability Partnerships (LLP). The LLP is a partnership with a separate legal personality and limited liability for its limited partners and it is intended as an alternative to ordinary limited partnerships. It is generally the LLP, rather than an individual limited partners, who is liable for the debts. Moreover, limited partners enjoy limited liability and there


are no joint liabilities for acts or omissions of another partner, except for in certain circumstances. The LLP is designed for the conduct of business domestically, as well as for business overseas. It is anticipated that the LLP will be an attractive vehicle to professional services firms that have traditionally taken the form of ‘firm’ partnerships. Companies & LLC A company that intends to conduct the majority of its business outside of the Cayman Islands would ordinarily register as an exempted company. The key elements of an exempted company are that it is not required to keep a register of members open for public inspection or hold an annual general meeting in Cayman, it is entitled to receive a tax-free guarantee from the Government of the Cayman Islands for up to 30 years, it can offer shares to the public in the Islands if listed on the Cayman Islands Stock Exchange (CSX), and finally it may issue shares without nominal or par value. The company is a corporate body with separate legal personality and is able to enter into contracts and own property as well as incur liabilities. A shareholder in a company, has a liability to the company, limited to the amount unpaid on the shares held by that shareholder and cannot be liable for the liabilities of the company itself. The company may distribute profits to shareholders by paying dividends and a shareholder can only get their capital investment in the company back by selling the shares they have or by the company following certain formalities under Cayman Islands law required to return capital to the shareholder. Company formation and operation is governed by the Companies Act and under common law rules in the Cayman Islands. The Cayman Islands also permits the formation and the registration of Limited Liability Companies. A Limited Liability Company (LLC) is a unique vehicle that blends key features of a Cayman Islands Exempted Limited Partnership with those of a Cayman Islands exempted company. Most notably, an LLC is not the typical company vehicle whereby the liability of shareholders is limited by shares or by guarantee, but instead operates by reference to members’ capital accounts and capital commitments, with freedom of contract among members determining the internal workings of the company similar to an Exempted Limited Partnership. Yet, unlike an Exempted Limited Partnership, a LLC is a corporate body with a separate legal personality and whose members enjoy limited liability. A LLC is therefore a hybrid between an exempted company and an Exempted Limited Partnership, developed to meet the demands of various global client bases that wish to operate a vehicle which offers the greatly increased flexibility of partnership capital accounting capability but within a corporate vehicle with separate legal personality. This hybrid approach is useful in a variety of investment spaces (such as investment funds, joint ventures and holding vehicles for a variety of assets including ships) where some investors and

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service providers find the share capital accounting structure of a company somewhat cumbersome for certain transactions. Foundation Companies In 2017 the Cayman Islands enacted legislation for the formation and registration of foundation companies. Unlike the traditional company, a foundation company may have no shareholders and may entrench its objectives. Other key elements of a foundation company is that whomever the founder wants can be given rights, powers and duties (not just to existing members, directors or supervisors). A foundation company may also entrench the objectives of the company or specific provisions within the constitution and may have bylaws to govern the exercise of discretion by those who have duties or powers under the constitution. The by-laws do not have to be filed, and they do not affect a third party dealing in good faith with the foundation company. As a relatively new type of company, that is free of the perceived drawbacks of a company or trust, the foundation company provides an attractive alternative in a range of wealth planning and commercial scenarios. Foundation companies will likely continue to open up a variety of interesting estate and other planning possibilities, including for commercial, philanthropic and other private purposes.

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Cayman Islands Branches An overseas company which i) establishes a place of business; ii) commences carrying on business within the Cayman Islands (even ‘offshore’ business); or iii) proposes to own real estate situated in the Cayman Islands, must register as a ‘foreign company’ (essentially registering a branch) under Part IX of the Companies Act. A registered Cayman Islands branch will not have a separate legal personality from the main company headquartered overseas. In many cases, this is desirable for group operations which are required to maintain tax residency in a certain 64

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jurisdiction, but wish to have a Cayman Islands presence from which to conduct certain business of the group. In the case of a bank, trust company, insurance company, management company, mutual fund, mutual fund administrator or any entity carrying on securities investment business, a licence to conduct such business will be required from CIMA, notwithstanding that the business is actually conducted outside the Cayman Islands. A Cayman Islands branch is able to secure a T&B Licence and, if necessary, a LCCL Licence in order to comply with the necessary legal requirements to set up a physical presence in the Cayman Islands. Intellectual Property Legislation The CI Government has in recent years modernised the country’s intellectual property laws in order to provide better protection of the rights of persons involved in creative and business endeavours. By improving copyright, trade mark, patent and design rights legislation, Government also has improved the local commerce framework. Copyright protection has been significantly updated with the commencement of the Copyright (Cayman Islands) Order (2015), as amended. The categories of original creations that are protected in Cayman have been expanded to cover music, film, art, and other creative fields in every format – including digital. The Trade Marks Act (2016) allows people and companies to locally register their brands and company logos. It also gives legal protection against piracy and infringement, allowing local and international companies to be confident in what they create in the Cayman Islands, while providing an incentive for local and international investors. The Patents Act (As Revised) continues to allow patent holders the ability to register their rights in the UK and extend those rights to the Cayman Islands. The Design Rights Registration Act


(2016) allows design rights – the physical appearance of an industrial or handicraft item or a part of it – registered in the UK, to be extended to Cayman.

Fund Administration In addition, there are 77 administrators currently licenced in the Cayman Islands, of which 68 hold a full licence and 9 hold a restricted licence. Most of the world’s top administrators are licensed to carry on business in the jurisdiction. CIMA lists all registered fund administrators in the Cayman Islands. In October 2020 the Cayman Islands were named ‘Best Private Equity Fund Domicile’ at the 2020 Private Equity Wire US Awards. It is commonly acknowledged that Cayman’s success as an investment funds jurisdiction is due to a perfect combination of factors: having a well-respected legal and judicial system based on English common law coupled with a track record of servicing the top global asset managers in the space; being in the right time zone to serve the US market which is a heavy user of the domicile; and it attracts some of the world’s best service providers

HSM Corporate Services Ltd. provides corporate services in the Cayman Islands. HSM’s corporate team aim to work with our clients to achieve their objectives within the parameters of the structures available under Cayman Islands law.

4

• Incorporation of companies and Formation of Limited Partnerships • Assisting in establishing bank accounts for corporate clients

RUNNING A BUSINESS

Funds & Investment Business Common fund vehicles used in the Cayman Islands to operate mutual and private funds include the Exempted Company, the Segregated Portfolio company, the unit trust and the exempted Limited Partnership. Limited Liability Companies may be established and may serve as the fund vehicle although they are more commonly used as holding vehicles or other vehicles within the fund structure. The Segregated Portfolio Company (SPC) is a single legal entity which enables the establishment of protected cells (known as segregated portfolios) providing statutory ringfencing of the assets and liabilities of each segregated portfolio. A Unit Trust is usually established by declaration of trust or under a trust deed by a licensed Cayman Islands trustee whereby investors’ interests are represented by trust units. The exempted limited partnership is established by a limited partnership agreement entered into by the general partner and one or more limited partners. This provides a second unincorporated vehicle and it can be formed as easily as the exempted company or the trust unit. Each type of vehicle can operate as an open-ended fund (where investors have the right to redeem their shares, units or interests at their own election), or as a closed-ended fund (where the right to withdraw shares, units or interests is made at the election of the directors, trustee or general partner, as the case may be). The investment funds industry is regulated and monitored by the Cayman Islands Monetary Authority (CIMA) through a number of pieces of legislation including the Mutual Funds Act, the Private Funds Act and Monetary Authority Act. An attorney can provide more information on structuring a fund in the Cayman Islands and can advise on the necessity for a licence/applicable regulation and assist in compliance with the formalities.

• Company searches • Corporate and Partnership filings • Legalisation, notarisation and apostilling documents • Re-domiciliation and transfer of companies • Voluntary Liquidations and Striking off of Companies

For further information, please contact: Michele Bryan Corporate Services Manager HSM Corporate Services Ltd. +1 345 815 7439 mbryan@hsmoffice.com

Choose the Experts. Choose HSM.

+1 345 949 4766

68 Fort Street George Town PO Box 31726 Grand Cayman KY1-1207 Cayman Islands www.hsmoffice.com

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who are experts in their field including fund accountants and auditors, fund attorneys, independent directors, fund administrators and trustees, all with over two decades of accumulated expertise. This familiarity and concentration of expertise inevitably makes the establishment and ongoing operation of investment funds in the Cayman Islands more efficient in terms of timing and costs than lessspecialised jurisdictions.

4

Setting up a Single Family Office The Cayman Islands are an increasingly appealing jurisdiction for the establishment and operation of single family offices. For more information on this topic please see page 42 in the Cayman a Global Financial Centre chapter. Walkers (Cayman)

RUNNING A BUSINESS

190 Elgin Avenue, George Town Tel: (345) 949 0100 Email: philip.paschalides@walkersglobal.com Walker’s private capital team is composed of

selected specialists who advise on corporate, finance investment funds, trusts and estates and litigation matters. They work with highnet-worth individuals, family business, family offices, private banks and trust companies and their advisers to provide timely, customised advice across jurisdictions that address the particular sensitivities of private capital clients. SE E AD PAG E 39

Small Businesses Commerce in Cayman continues to receive support with the Government continuing to incentivise micro and small businesses by significantly discounting T&B Licensing fees. To be classified as a micro business, owners can only employ four additional employees and cannot exceed an annual gross revenue of CI$250,000. Small businesses cannot employ more than 12 employees nor exceed an annual gross revenue of CI$750,000. For business licensing information, please email: info@ dci.gov.ky, call (345) 945 0943 or visit www.dci.gov.ky.

Professional development Mentoring Career guidance

Contact us to learn more ciipa.ky Influence. Growth. Relevance. Excellence.

Cayman Islands Department of Commerce & Investment (DCI) The DCI is responsible for the grant and regulation of licensing for most businesses in the Cayman Islands. They also process all liquor and tobacco licences as well as cinema licences and film ratings. They ensure that business owners comply with Cayman’s legislative and regulatory framework for commerce, and ensure that trade and business operations conducted in the Cayman Islands adhere to local and global requirements. Visit www.dci.gov.ky. Cayman Enterprise City (CEC) The Cayman Islands Government enacted the Special Economic Zone (SEZ) Act in an effort to encourage further economic growth and attract additional international investment. Cayman Enterprise City (CEC) is an award-winning development project that consists of three special economic zones focused on attracting knowledge-based and technology-focused businesses to set up a physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives City and Cayman Maritime & Aviation City. CEC enables businesses to easily and cost-effectively establish a genuine physical presence with staff and offices, to generate active business income in the Cayman Islands where there is no corporate, capital gains, sales or income tax. Cayman’s SEZ enables companies to take advantage of the Islands’ jurisdictional benefits, along with a series of appealing concessions granted by the Government. Cayman is an ideal business jurisdiction and is OECD white listed, meeting the highest anti-money laundering compliance requirements. Concessions and Reasons to Relocate to CEC

>

sales and income tax in the Cayman Islands

> > >

CAYMANRESIDENT 2022

»

100% foreign ownership permitted 100% exemption from import duties Renewable five year work/residency visas granted within five days

> 66

100% exempt from corporate, capital gains,

Five year residency for employees and their


dependents

> > > >

4-6 week fast-track set-up of operations Intellectual property owned offshore Appropriate level government reporting Strategic base with easy access to lucrative

presence offshore, which can significantly enhance their competitiveness in the global marketplace and enable them to generate a tax-exempt active business income in the Cayman Islands.

North and Latin American markets

>

On NYC/EST time zone

Eligible Market Sectors CEC can accept companies and divisions of companies active in these key sectors:

> >

Internet and Technology Media and Marketing (including digital media, film and broadcasting)

> > >

Work/Residency Visas for Staff

CEC enables businesses to immediately relocate key staff from any country of origin to the Cayman Islands, particularly those that may not be able to get visas for the US or Canada. CEC companies can obtain five year work/residency visas for personnel within five working days. Intellectual Property

Technology

Intellectual Property can be held by a zone company and licensed internationally from this tax-neutral jurisdiction. Many CEC companies avail themselves of the benefit of establishing their IP offshore early, as part of their overall business strategy, in order to maximise the value of this key asset for the whole of the company’s life cycle, avoiding costly migration issues later.

Global Tax Mitigation

Companies are using CEC as part of their global structuring strategy, as it provides them with the opportunity to costeffectively establish a genuine physical

CEC offers businesses very flexible packages which include fully serviced offices, use of the business centre facilities, the Trade Certificate to operate the business and the Zone Employment Certificates (work/ residency visas) for their staff. Set-up can be expedited within 4-6 weeks. CEC also provides offshore data-centre facilities through their strategic partner Brac Information Centre. For more information, email: info@caymanenterprisecity. com, call (345) 945 3722 or visit www. caymanenterprisecity.com. TechCayman Similar to CEC, if you have an IT or Tech company which does business outside of Cayman, then you are eligible to move your company to TechCayman and then

Turnkey, fully serviced office suites available now from US$1400 per month or $199 per day. Hourly conference room rental also available for members and non-members. How we work, when we work and where we work is changing. We believe that the spaces we work in should be places that work for you and your business. Private, modern office suites with flexible occupancy options are ready now. Contact readyspaces today and move in tomorrow. +1.345.743.4610

readyspaces.ky

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67

4

RUNNING A BUSINESS

Biotechnology, Life Sciences and Green

Why Companies are Establishing in CEC:

Companies are setting up within CEC and utilising the zone as a catalyst to increase global growth from a tax-neutral location. Set-Up Process

Commodities and Derivatives

Maritime Services and Aviation Services

Access to Global Markets


live and work in Cayman. For more information visit www.techcayman.com. TRADE & BUSINESS LICENSING

RUNNING A BUSINESS

4

Subject to limited exceptions, in order for an individual, partnership or company to conduct business in or from the Cayman Islands, an application must be made to the Trade and Business Licensing Board (T&B Board) for the grant of a T&B Licence. The T&B Licence fee is payable every year and the application for renewal must be made at least 28 days before, but not more than three months before the date of expiry of the licence. It is an offence to operate a business in the local market with the public of the Cayman Islands without a valid T&B Licence or an alternative licence (unless exempted). A company wishing to carry on business in the local market with the public of the Cayman Islands, which does not have at least 60% Caymanian ownership and control, will also need to obtain a Local Companies (Control) Licence (LCCL) from the T & B Board (unless it is otherwise exempted from such requirement). Each LCCL application is considered on its own merit and all relevant forms and information for both LCCL and related T&B Licence applications are readily available online at www.dci.gov.ky. Incorporation/Registration If you wish to incorporate or register a Cayman Islands entity that will conduct business outside of the Cayman Islands, you are required to engage a local licensed service provider to incorporate your company.

FG Services Limited Company & Partnership Formation Economic Substance and Board Support Services Intellectual Property Agents (Trademarks, Copyright, Patent & Designs) T] 345 -815-2800 F] 345-947-4728 E] cayman@francisgreylaw.com W] www.francisgreylaw.com 72 Market Street, Camana Bay

68

CAYMANRESIDENT 2022

»

This is a seamless process and most firms also provide these services: registered office, corporate administration, directors and other officers and management of the company on the instruction of the beneficial owner(s). Online registration is now available and accessible through local licensed service providers. This is a secure access and not available to the public. Read on to see a list of top firms under Corporate Services. It should be noted that persons wanting to register an ordinary resident company (also referred to as a “resident company”) may apply for registration directly. Information is available at www. cbp.ky or by contacting the Registrar of Companies on (345) 946 7922, or by visiting the General Registry, Ground Floor, Government Administration Building, 133 Elgin Avenue, George Town. Application Process Your locally licensed service provider will contact the Registrar of Companies and ask if the company name you want is available and then they will prepare the following documents (but other documents may be required based on the type of company you are incorporating): a) Memorandum of Association; b) Articles of Association.

The Registrar does not require details of the proposed business for the registration of a new company, only the type of company being registered (such as resident, nonresident, or exempted company). The fees for incorporation vary depending on the type of company and share capital. For

a typical resident company with a share capital of less than CI$42,000, the fee is CI$300 and for an exempt company, the minimum fee would be CI$600. Your local service provider will have their own fee list. The company is deemed incorporated on the day the incorporation documents and fees are submitted to the Registrar, provided that the incorporation documentation is in good order. The processing time is approximately five to eight business days, unless submitted on an express basis (an additional fee of CI$400 applies to express processing) in which case, the application will be processed within 24 hours during business days. Company Registry Fees The registration and annual fees for any company are dependent on the size of the authorised share capital. Also worth noting is that annual fees and annual returns are due in January of each year, but the Companies Registry is under no obligation to notify the company that the fees are due. If these fees are not paid by the 31st March (of each year), they begin to accrue penalties up to 100% of the fee. Every company is responsible for paying these annual fees and filing the returns. If it has not been paid nor filed, the company is subject to being struck off the register after being in default for one year. If the company had assets at the time it was struck off, those assets will become the property of the Government of the Cayman Islands. If you were to overlook the fact that annual fees and returns were due, there is a risk that a company could be struck off without your knowledge. This is one of the benefits of using a locally licensed service provider, as they will process the annual paperwork and remind you of the amount and timing of annual fees. They will also keep you informed of regulatory updates and reporting obligations that apply to certain Cayman entities. The fees payable for these services are substantially lower than the costs of making an application to reinstate a company in circumstances where it has been struck off.


Accounting & Auditing Firms Accounting firms in the Cayman Islands provide a broad range of advisory, administrative, risk management, auditing and consulting services that are specifically tailored to Cayman’s well-regulated business environment. Each year more than 60 professional accountants move to Cayman and begin a two year contract, many working in the audit industry. Every major audit firm is represented here in Cayman, including ‘the Big Four’ but we also have an incredible inventory of second tier accounting firms, each of which offer a unique environment with its own specialty areas and culture.The

on influence, growth, relevance, and excellence. Visit www.ciipa.ky, email: admin@ciipa.ky or call (345) 749 3360. SE E AD PAG E S 66 & 370

Cayman Islands Institute of Professional

was formed in 1970. As a full member of IFAC, CIIPA facilitates trust and confidence in the Cayman Islands and the accounting profession through knowledge, resources, advocacy and regulation. The institute’s strategic objectives focus Accountants (CIIPA)

Deloitte 2nd Floor, One Capital Place, Shedden Road & 4th Floor, Citrus Grove, Goring Avenue Tel: (345) 949 7500 www.deloitte.com/ky

Baker Tilly (Cayman) Ltd. Governors Square, 23 Lime Tree Bay Avenue

EisnerAmper Cayman Ltd.

Tel: (345) 946 7853

Century Yard, Cricket Square, 171 Elgin Avenue

Email: info@bakertilly.ky

Tel: (345) 945 5889

www.bakertilly.ky

Email: bleung@eisneramper.ky

Baker Tilly (Cayman) Ltd. is an independent

www.eisneramper.ky

member of Baker Tilly International and is a

EisnerAmper Cayman Ltd. are approved by the

leading firm of Chartered Accountants and

Cayman Islands Monetary Authority to audit

Business Advisors in the Cayman Islands.

hedge funds, private funds, captive insurance

They provide a wide range of services to

companies and trust companies. They are

companies domiciled in the Cayman Islands, in

experts at conducting audits under International

particular mutual funds and captive insurance

Standards on Auditing and US GAAS. Their

companies registered with the Cayman Islands

focus is on financial service companies and

Monetary Authority.

commercial companies. They audit pro-bono the

4

Cayman Islands Red Cross, Cayman Chamber of BDO Cayman Ltd

Commerce and Cayman Finance.

Governors Square, 23 Lime Tree Bay Avenue EY

Email: mail@bdo.ky

62 Forum Lane, Camana Bay

RUNNING A BUSINESS

Tel: (345) 943 8800

Tel: (345) 949 8444

McGrath Tonner is a full-service law firm offering advice and solutions to the local and international market.

- Incorporations for companies and partnerships - Immigration advice and appeals - Registered office - Directorships - Nominee services - Vessel registration - Trade & Business and operational licensing - Special Economic Zone at Cayman Enterprise City

5th Floor, Genesis Building, Genesis Close | PO Box 446, Grand Cayman, KY1-1106, Cayman Islands Tel: (345) 949 2740 or (345) 623 2740 | Fax: (345) 949 0073 | info@mcgrathtonner.com | www.mcgrathtonner.com

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69


Email: ey@ky.ey.com

Carey Olsen

services affiliate of FrancisGrey, Attorneys-

Willow House, Cricket Square, Elgin Avenue

at-Law. FG provides company and partnership

Grant Thornton Cayman

Tel: (345) 749 2000

formation,

2nd Fl, Century Yard, Cricket Sq, George Town

Email: cayman@careyolsen.com

substance, board support and intellectual

Tel: (345) 949 8588

www.careyolsen.com

property services. FG is a licensed Corporate

Email: info@ky.gt.com

CO Services Cayman Limited is a wholly-

Services provider and a registered Intellectual

economic

owned subsidiary of Carey Olsen in the

Property

Cayman Islands and is regulated by the Cayman

Patent & Designs).

SIX Cricket Square, George Town

Islands Monetary Authority as the holder of a

Tel: (345) 949 4800

corporate services licence (No. 624643) under

Foreshore Corporate Services

Email: kpmg@kpmg.ky

the Companies Management Act (as revised).

5th Fl, Queensgate House, South Church St

Provides audit, tax and advisory services.

Services include company, LLC and limited

Tel: (345) 949 7366

partnership formations, registered office and

Email: info@fcs.ky

entity dissolution services. SE E AD PAG E 51

www.rc.com.ky/foreshore.html

18 Forum Lane, Camana Bay

RUNNING A BUSINESS

office,

KPMG

PwC

4

registered

Ritch

&

Agent

(Trademarks,

Copyright,

SE E AD PAG E S 68 & 73

Conolly’s

regulated

affiliate,

Tel: (345) 949 7000

Cayman Management Ltd.

Foreshore Corporate Services Ltd., provides

Email: caymanrecruiting@ky.pwc.com

Tel: (345) 949 4018 Fax: (345) 949 7891

corporate management services, including

Email: enquires@caymanmanagement.ky

incorporation of companies, registration of

Rawlinson & Hunter

www.caymanmanagement.com

Windward 1, Regatta Office Park, West Bay Rd

Cayman

Tel: (345) 949 7576

comprehensive

Email: mail@rawlinson-hunter.com.ky

incorporation

and

renewal of Trade and Business Licences.

establishment

and

Corporate Services The following are a few of the locally licensed corporate service providers who can assist you with the incorporation process. The usual fee for their services is between US$750–US$1,750, excluding Government filing fees. The other services they offer include: the provision of a registered office; maintenance of statutory registers; handling of annual returns; drafting resolutions and minutes; providing certified documents; getting documents apostilled and notarised; updating the register of officers, shareholders and directors; maintaining the minute book; assisting with corporate restructuring; revisions to the memo and arts, and some also provide director services.

overseas companies, registered office and

provides

a

administrative services. The firm also handles

corporate

and

related immigration work including work

administrative services including company

permits and applications for the grant and

services,

Management range

captive

of

management, independent insurance

fund director

SE E AD OP P OSI T E PAG E

management

through their affiliate, yacht and aircraft

HSM Corporate Services Ltd.

registration services - all with a personal, time

68 Fort Street, George Town

responsive touch.

Tel: (345) 949 4766

SE E AD PAG E 75

Email: corporate@hsmoffice.com Collas Crill Corporate Services Limited (CCCS)

www.hsmoffice.com

2nd Floor, Willow House, Cricket Square, GT

HSM provides corporate services in a responsive,

Tel: (345) 949 4544

timely and cost-effective manner. Their services

Email: cayman.enquiries@collascrill.com

include incorporation of companies (including

www.collascrill.com

Special Economic Zone companies), assisting in

CCCS provides a number of legal and

establishing bank accounts, preparing and filing

corporate administration services including

applications to the Registrar of Companies and

company formation, registration and ongoing

the handling of re-domiciliation and transfer of

maintenance. Their team have extensive

companies. SE E AD PAG E S 65, 103 & 125

knowledge and understanding of the Cayman Islands regulations and are able to help clients

McGrath Tonner Corporate Services Limited

navigate

Tel: (345) 623 2740

the

ever-changing

environment

Campbells

practically and efficiently. Their offering also

Email: info@mcgrathtonner.com

Tel: (345) 949 2648

includes regulatory services and client solutions

www.mtcscayman.com

www.campbellslegal.com

on the Anti-Money Laundering regime and

McGrath Tonner provides responsive, efficient

Campbells Corporate Services Limited (CCSL)

FATCA/CRS.

and professional corporate services to local

SE E AD PAG E 169

holds an unrestricted trust licence issued by

and international clients. Affordable solutions

the Cayman Islands Monetary Authority and

FG Services Limited

for company and partnership formation,

provides a full suite of company management

Tel: (345) 815 2800

registered office, secretarial services and

and trust services to local and offshore clients.

Email: cayman@francisgreylaw.com

vessel registration.

SE E AD PAG E 170

www.francisgreylaw.com FG Services Limited (FG) is the corporate

70

CAYMANRESIDENT 2022

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SE E AD PAG E 69


Ogier Global

that provides a full suite of services in order

Tel: (345) 949 4900

89 Nexus Way, Camana Bay

to establish companies in the Cayman Islands.

Email: cayman@applebyglobal.com

Tel: (345) 949 9876

Their key services include: Registered office,

Email: cayman@ogier.com

company incorporation, dissolution services,

Arka

www.ogier.com

proxy agent, a permanent office and accounting

1st Fl, Appleby Tower, 71 Fort Street, GT

Ogier Global offers integrated legal and

services. SE E AD PAG E 43

Tel: (345) 916 1440 or 326 6261 Email: info@arka.ky or www.arka.ky

corporate administration services where they incorporate and administer a wide variety of vehicles. They are known for their focus on corporate governance, regulatory compliance and data integrity. Their highly experienced and responsive team of technical experts focus on providing the highest level of personal service while delivering commercial solutions in the most efficient way. Sinclair Corporate Services Tel: (345) 743 2626 Email: info@sinclairsoffshore.com www.sinclairs.com.ky The dynamic and rapidly growing Sinclair Group offers practical, responsive and cost effective

Legal Services & Attorneys-At-Law Cayman’s top legal firms are internationally known, solution driven and client focused. These global players are able to attract the top lawyers from London to Hong Kong, even from London’s magic circle firms. Most of Cayman’s top firms specialise in corporate and international finance law, focusing on investment funds, capital markets and structured finance. Cayman law firms are also internationally renowned for advising top asset managers and institutional investors from around the world, as well being involved in high level international insolvency and restructuring deals.

Bedell Cristin 18 Forum Lane, Suite 5305, 3rd Fl, Camana Bay Tel: (345) 949 0488 Email: caymanenquiries@bedellcristin.com www.bedellcristin.com Bedell

Cristin

advises

international

domestic clients on all aspects of Cayman Islands law. The firm’s sector expertise includes funds, regulatory and compliance, insurance, banking,

trusts,

insolvency,

corporate,

local

restructuring

business

licensing,

SE E AD PAG E S 40 & 107

Appleby

Building 6, 2nd Floor, Governors Square

undertake corporate and directors services.

Appleby Tower, 71 Fort Street, George Town

23 Lime Tree Bay Avenue

registered

for

office,

company

formations,

company

secretarial,

RUNNING A BUSINESS

a trade mark agent and licensed by CIMA to them

compliance officer appointments and directors’ services, ship registrations, as well as notarial and legal services through experienced English qualified lawyers. Travers Thorp Alberga 2nd Floor, Harbour Place 103 South Church Street, George Town Tel: (345) 949 0699 Email: info@traversthorpalberga.com www.traversthorpalberga.com Company

formations,

registered

offices,

company secretary and director services, and

Corporate Management Services

general corporate and commercial matters. S E E A D PAG E 117

Waystone Suite 5B201, 2nd Fl, One Nexus Way Camana Bay Tel: (345) 949 2777 Email: clientsolutions@waystone.com www.waystone.com Waystone is a leading company management

• • • • • • •

Registered office; Incorporation of Local, Exempt and Special Economic Zone Companies; Registration of overseas companies; Trade and Business and operational Licensing; Assisting in the establishing of bank accounts for corporate clients; Legalisation, notarisation and apostilling documents and Dissolution and Striking off of Companies

+1 345 949 7366

info@fcs.ky

4

immigration, real estate and wills and probate.

Boddens

Cayman business solutions. It is registered as

Contact

and

www.rc.com.ky/corporate-services

5th Floor, Queensgate House, 113 South Church Street, George Town PO Box 1994 Grand Cayman KY1-1104 Cayman Islands

and corporate administration services firm

»

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71


Tel: (345) 943 0303 or (345) 623 0303

www.collascrill.com

immigration and relocation services.

Email: hello@boddens.ky

Collas Crill is an offshore law firm with offices

SE E AD PAG E S 65, 103 & 125

www.boddens.ky

in Cayman, BVI, Guernsey and Jersey advising

Boddens, through Bodden & Bodden and

both local and international clients in a full range

Kobre & Kim

Bodden

of legal services. SE E AD PAG E 169

Suite 3207, 9 Forum Lane, Camana Bay

highly

Corporate personalised

Services legal

Ltd,

and

offers

corporate

Tel: (345) 749 4000

services. Boddens specialises in real estate,

Conyers

immigration—including permanent residency

SIX, 2nd Floor, Cricket Square, GT

www.kobrekim.com

by investment, wills and estates, aircraft

Tel: (345) 945 3901

Loeb Smith

and shipping, financing, and corporate and

Email: cayman@conyers.com

5th Fl, Zephyr House, 122 Mary Street

commercial matters, and provides company management,

business

licensing,

and

intellectual property services. Broadhurst LLC

Tel: (345) 749 7590 Dentons

Email: info@loebsmith.com

3rd Floor, One Capital Place, GT

www.loebsmith.com

Tel: (345) 745 5000

Loeb Smith is an offshore corporate law

Email: info.ky@dentons.com

firm which delivers high quality Partner-led

40 Linwood Street, George Town

4

professional legal services to investment

Tel: (345) 949 7237

Forbes Hare

fund managers, in-house counsels financial

Email: info@broadhurstllc.com

Suite 2201, Cassia Court

institutions,

counsels,

banks,

10 Market Street, Camana Bay

companies, and private clients to find successful

Campbells

Tel: (345) 943 7700

outcomes and solutions to their day-to-day

Floor 4, Willow House, Cricket Square, GT

Email: cayman@forbeshare.com

issues and complex, strategic matters.

Tel: (345) 949 2648

RUNNING A BUSINESS

onshore

SE E AD PAG E 41

www.campbellslegal.com

FrancisGrey

Campbells is a leading offshore law firm

Suite 2206, Cassia Court, Camana Bay

Maples Group

established over 50 years ago. From their

Tel: (345) 815 2800

Ugland House, South Church Street, GT

offices in the Cayman Islands, the British

Email: cayman@francisgreylaw.com

Tel: (345) 949 8066

Virgin Islands and Hong Kong, they provide

www.francisgreylaw.com

www.maples.com

comprehensive corporate and litigation advice

FrancisGrey is a specialist Corporate and

The

and services to clients worldwide in relation to

Commercial Cayman Islands law firm. The firm

international law firm, Maples and Calder, advises

Cayman Islands and British Virgin Islands law.

provides services in the areas of investment

global financial, institutional, business and

SE E AD PAG E 170

funds,

banking

and

finance,

Maples

Group,

through

its

leading

intellectual

private clients on the laws of the British Virgin

property, regulation, trusts and private client,

Islands, the Cayman Islands, Ireland, Jersey and

Carey Olsen

family law, conveyancing and employment law.

Luxembourg. With offices in key jurisdictions

Willow House, Cricket Square, Elgin Avenue

SE E AD PAG E S 68 & 73

around the world, the Maples Group has specific

Tel: (345) 749 2000

strengths in areas of corporate commercial,

Email: cayman@careyolsen.com

Harneys

www.careyolsen.com

3rd Fl, Harbour Place, 103 South Church Street

Carey Olsen is a full service offshore law firm.

Tel: (345) 949 8599

McGrath Tonner

Their lawyers in the Cayman Islands combine a

Email: cayman@harneys.com

5th Floor, Genesis Building, George Town

global perspective with deep local knowledge.

finance, investment funds, litigation and trusts.

Tel: (345) 623 2740

The team has been hand-picked to bring

HSM

Email: info@mcgrathtonner.com

together leading specialists in investment

68 Fort Street, George Town

www.mcgrathtonner.com

funds, corporate and commercial, finance,

Tel: (345) 949 4766

McGrath Tonner is a full service law firm serving

insolvency, dispute resolution, trusts, private

Email: info@hsmoffice.com

the local and offshore market: Litigation and

wealth and local business licensing.

www.hsmoffice.com

dispute resolution, corporate law, matrimonial

SE E AD PAG E 51

HSM is a full-service law firm and their lawyers

and family law, wills and probate, trusts, real

advise on the principal areas of corporate and

estate conveyancing, immigration, judicial

Collas Crill

commercial litigation, insolvency, property,

review,

2nd Floor, Willow House, Cricket Square, GT

private client and trusts. They have specialist

licensing and debt collection.

Tel: (345) 949 4544

lawyers handling business establishment in

Email: cayman.enquiries@collascrill.com

the Cayman Islands and related employment,

72

CAYMANRESIDENT 2022

»

employment,

criminal

litigation,

SE E AD PAG E 69


Mourant

cost-effective advice and representation

Tel: (345) 949 0100

94 Solaris Avenue, Camana Bay

is offered in: litigation and insolvency,

Email: info@walkersglobal.com

Tel: (345) 949 4123

corporate and commercial transactions, IP

www.walkersglobal.com

Email: caymanislands@mourant.com

and employment law. Sinclairs is a registered

Walkers provides legal, corporate, fiduciary,

trademark agent and licensed by CIMA to

regulatory and compliance services to global

Ogier

undertake company incorporations and the full

corporations,

4th Floor, 89 Nexus Way, Camana Bay

range of corporate services. Notarial services

markets participants and investment fund

Tel: (345) 949 9876

also offered.

managers.

Ogier is a leading law firm advising on Cayman,

Stuarts Walker Hersant Humphries

Legal Befrienders

BVI, Guernsey, Jersey and Luxembourg law.

Kensington House, 69 Dr. Roy’s Drive, GT

87 Mary Street, 2nd Floor Apollo House West

Ogier has had a presence in the Cayman

Tel: (345) 949 3344

Tel: (345) 945 8869 or www.frc.gov.ky

Islands for over 25 years. Legal services for

Email: info@stuartslaw.com

Free legal advice is offered on issues such as

financial

institutions,

capital

SE E AD PAG E 39

Email: cayman@ogier.com or www.ogier.com

the corporate and financial sectors form the

domestic violence, divorce and immigration at

core of its business, alongside private wealth,

Symons & Symons

the Legal Befrienders Clinic every Tuesday from

local legal services and integrated corporate

4 Tropic Centre, 18 Earth Close

5pm-6.30pm. You can either call or visit the

administration services.

Tel: (345) 745 7529

Clinic where qualified attorneys offer advice on

www.symonsandsymons.com

a walk-in, first come first serve basis.

20 Genesis Close, The White House,

Travers Thorp Alberga

George Town, Grand Cayman

2nd Floor, Harbour Place

Tel: (345) 929 4701

103 South Church Street, George Town

Email: lisa@phoenixlegal.ky

Tel: (345) 949 0699

www.phoenixlegal.ky

Email: info@traversthorpalberga.com

Phoenix Legal specialises in family practice law:

www.traversthorpalberga.com

adoption and children’s legal arrangements,

TTA advise on all types of offshore entities

divorce,

Independent Directors - Cayman The Cayman Islands is the leading offshore domicile for hedge funds, and as regulators and investors have placed more stringent requirements on good governance and oversight, independent directors have taken up the mantle of supporting the asset management industry. In 2014, the Cayman Islands Monetary Authority (CIMA) introduced its Directors’ Registration Act. In 2020 the Cayman Islands Government approved important amendments to the Private Funds Act 2020 and the Mutual Funds Act 2020 that will increase the number and categories of closed-ended and open-ended Cayman investment vehicles required to register with the Cayman Islands Monetary Authority (CIMA). These laws require

4

Phoenix Legal

guardianship

and

including hedge funds, private equity, corporate and partnership vehicles, asset and structured

protection from domestic violence, wills,

finances, cryptocurrencies and ICO’s, capital

probate and administration applications.

markets, general corporate and commercial

SE E AD PAG E 121

matters, and private client. In addition, their matrimonial department deals with family

Priestleys Attorneys-At-Law

law including divorce, financial provision, child

2nd Fl, Caribbean Plaza, 878 West Bay Road

custody and cross border asset tracing.

Tel: (345) 946 1577

SE E AD PAG E 117

Email: info@priestleys.ky Walkers (Cayman) Ritch & Conolly LLP Attorneys-At-Law

190 Elgin Avenue, George Town

5th Fl, Queensgate House, South Church Street Tel: (345) 949 7366 Email: info@rc.com.ky Sinclairs 3rd Floor, Genesis Building Genesis Close, George Town Tel: (345) 743 2626 Email: info@sinclairsoffshore.com www.sinclairs.com.ky Sinclairs is a boutique law firm of Englishqualified

lawyers

with

over

20

years’

Corporate & Commercial Law Specialists Investment Funds Banking & Finance Financial Services Regulation Trusts & Private Client Conveyancing Employment Law

T] 345 -815-2800 F] 345-947-4728 E] cayman@francisgreylaw.com W] www.francisgreylaw.com Suite 2206, Cassia Court 72 Market Street, Camana Bay P.O. Box 32302 , CI, KY1-1209

experience in the Cayman Islands. Practical,

»

www. c a y m a n r e s i d e n t . c o m

73

RUNNING A BUSINESS

receivership

applications, pre and post nuptial agreements,


RUNNING A BUSINESS

4

more fund administration, Director oversight, audit requirements and general regulatory oversight to a large number of previously unregistered Investment Funds. Most new hedge funds have at least a majority of independent directors on their boards, many of whom are seasoned professionals based in Cayman. A few well known firms of independent directors based in Grand Cayman include the Carne Group, Cayman Management, HighWater, ICG Management Limited, Waterstone, Waystone and law firms, such as the Maples Group, Ogier and Walkers. Cayman had come under pressure from institutional investors and overseas regulators (such as the International Organisation of Securities Commissions (IOSCO)) to enhance its regulatory regime in relation to governance and anti-money laundering monitoring. By taking these steps Cayman stays competitive with Dublin and Luxembourg, as it seeks to strike a balance between being sufficiently regulated, without the regulations being

overly burdensome, and therefore keeping Cayman attractive to new investors.

Email: clientsolutions@waystone.com www.waystone.com Waystone

offers

high-quality

fund

Cayman Management Ltd.

governance through experienced independent

Tel: (345) 949 4018

professionals,

Email: enquiries@caymanmanagement.ky

governance technology. Their independent

www.caymanmanagement.com

professional

directors

a

team

Provides

independent

specialised

director

professional

services,

specialist

supported

by

are

of

fund

advanced

assisted

by

governance

“outsourced

professionals who review each governance

services” in support of ongoing compliance

transaction, applying practical considerations

with

based on their extensive experience.

Economic

Substance

requirements

as well as affordable company registration

SE E AD PAG E 43

and incorporation services for local and international

companies

and

investment

vehicles. Other services include: shipping, yacht and aircraft registration, fund services and advisory services. Their affiliate CSI International Underwriting (Cayman) Limited offers captive insurance management services to clients.

SE E AD PAG E 75

OPENING BUSINESS ACCOUNTS To open a business bank or trust account in the Cayman Islands, you will need to complete a very detailed application, as well as provide the following information:

> >

Full incorporation paperwork Written request to open a new account on company letterhead giving an overview of

Waystone

the business (e.g. clients, number of staff

Suite 5B201, 2nd Fl, One Nexus Way

and how revenue is generated) and reason

Camana Bay

for needing the account

Tel: (345) 949 2777

Commercial Insurance Brokers Commercial Property • Group Health • Executive Homes • Strata • Liability

> >

Bank references from a current bank Certificate of Incorporation, certified by a Notary Public

>

Articles and Memorandum of Association, certified by a Notary Public

>

Annual report, financial statements, auditors reports or business plan

>

Certificate of Good Standing, if business is older than one year

>

(345) 945 0030

www.briatgroup.com | info@briatgroup.com

Register of Members, Officers and Directors, certified by the registered office or a Notary Public

>

The identity of each ultimate beneficial owner, director and signatory; this must be supported by a certified copy of their passports and proof of residential address

>

If the business is conducted within the Cayman Islands, a copy of the current Trade and Business licence

>

Professional reference from an accounting or law firm and a professional reference from a bank that indicates a good relationship of over three years

>

Nature and dollar volume of anticipated transactions, including source of funding of initial and subsequent deposits. This can be provided from a copy of the Business Plan

74

CAYMANRESIDENT 2022

»


if the company is new or latest Financial Statements if the company is already operating

> >

Tax declaration form All directors, members and signatories to supply all information needed for a personal bank account, including certified copy of partnership agreement.

If there are more than a nominal number of shareholders, the bank requires identification and references for the principal shareholders who own 10% or more of the shareholding, directors and officers responsible for the operation of the account. Companies incorporated in other countries require notarised documents to verify the bona fides of the company. Each bank in Cayman will have a minimum amount required to open a business account. OTHER FORMALITIES

Employee Entitlements Cayman’s current Labour Act (2011 Revision), sets out the minimum entitlements that must be provided by an employer to its employees. There is no requirement for the employer to provide a contract of employment, but the terms and conditions of the job are required to be set out in a statement and provided to the employee shortly after commencing employment. Essentially, the minimum terms and conditions for leave, set out in the Labour Act, include two weeks annual vacation, increasing up to three weeks after four years and four weeks after 10 years of service. This is in addition to the (approximately) 11 public holidays scattered throughout the year. Employees are entitled to 10 paid sick days each year and 12 weeks maternity leave (20 days of which are at full pay and a further 20 days at half pay). Nine weeks adoption leave is

Health Insurance & Other Benefits Employers are required to ensure that all employees, their unemployed spouses and dependents have health insurance. Employees are also entitled to a pension plan. Similar to other parts of the world, employers may offer enhanced benefits to prospective employees and it is not uncommon to see employers offering enhanced vacation leave, relocation expenses, additional pension contributions, bonus options, upgrades to premium health insurance and private school fees. It can be very expensive to move household items to Cayman and different

• Independent Director Services • Specialist corporate services for Funds and Investments Managers • Captive Insurance management and advisory service

employers will have more or less generous relocation packages, so review the offer of employment carefully. Many employers offer attractive health insurance packages for their employees. See the list of Health Insurance Providers in the Health & Wellness chapter. BUSINESS SERVICES

Advertising Agencies, Social Media Consultants & Web Design Services The Cayman Islands has a great selection of creative agencies providing exceptional advertising, marketing, branding and public relations services, that can provide you with the right tools to promote your business on-Island. These include BB&P Brand Interactive (Email: simon@bbandp. com), Hark Marketing Agency (Tel: (345) 936 0193), MC2 (Tel: (345) 946 1220), Massive Media (Tel: (345) 947 6677), Netclues Inc. (Tel: (345) 925 2222), Not Your Standard Agency (Tel: (345) 745 6972), Savage Consulting (Tel: (345) 326 3333), Social Grace (Tel: (345) 328 1552), Tower Marketing (Tel:

• Full corporate registration and representation services for all local, and international business undertakings • Yacht, Shipping and Aircraft registration and representation services

A professional service, delivered with that extra personal touch www.caymanmanagement.com | (345) 949 - 4018 Governors Square, Grand Cayman, Cayman Islands

»

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75

4

RUNNING A BUSINESS

Work Permits All businesses will require work permits and/or other relevant permissions for any non-Caymanian staff engaged in gainful employment in the Cayman Islands. Details of such requirements can be found in the Immigration chapter.

available for female employees (of which 15 days are at full pay). Upon termination of employment by the employer, there is an entitlement to severance pay, equal to one week’s pay for each completed year of service. There is a statutory unfair dismissal scheme which provides compensation equal to one week’s pay for each completed year of service.


(345) 623 6700), and Wigglypen (Tel: (345) 916 8562). Bookkeeping & Accounting Services HLB Berman Fisher Tel: (345) 928 4751 Email: lauren@bermanfisher.com www.bermanfisher.com Qualified accountants and CIMA registered auditor

providing

reviews,

outsourced

professional accounting, interim CFO and

Business Insurance If you run a business it is important that you are fully protected for your property, business interruption and liability exposures whether it is caused by fire, hurricane or injury losses. To find the right insurance for your business, call the qualified advisors at one of Cayman’s top insurance providers on page 144 or see below for companies who specialises in business related insurance products.

advisory services to both local and offshore clients.

4

Services

include

audit,

review,

Briat Insurance

compilation, payroll, accounting (corporate,

Tel: (345) 945 0030

personal and strata), financial statement

Email: info@briatgroup.com

preparation,

www.briatgroup.com

agreed

upon

procedures,

insurance

services:

Business

HLB Berman Fisher also provides training

business

and coaching to finance teams along with

property, liability, business interruption, as well

319 Shedden Road, George Town

implementation of policies and procedures and

as specialty insurance products for professional

Tel: (345) 949 5111

transition to cloud based accounting platforms.

services.

Email: printshop@compassmedia.ky

solutions

including

SE E AD PAG E 74

Compass Media

www.compassmedia.ky

SE E AD PAG E 74

RUNNING A BUSINESS

Custom Printing

company valuations, liquidation and forensics.

insurance

Commercial

number for the toll-free hotline is Tel: 1 (800) 534 1111. All calls to this hotline are monitored and answered overseas by a KPMG trained operator. Callers can expect to receive a tracking number, which can then be used as a reference if they need to make a follow-up call. People can also make a report by emailing fraud@kpmg. co.za and they can visit the Anti-Fraud Policy website at www.fraud.gov.ky if they require more information. All claims of fraud or allegations will be investigated by Cayman’s Internal Audit Services. The authorities strongly discourage frivolous or malevolent tips.

CG Britcay

Compass Media’s on-island print services

Omni Cayman

BritCay House, 236 Eastern Avenue, GT

include

Tel: (345) 547 4473

Tel: (345) 949 8699

programmes,

Email: info@omnicayman.com

Email: info_ky@cgcoralisle.com

and saddle-stitched magazines and books,

www.omnicayman.com

www.cgcoralisle.com

letterheaded stationery, calendars, bookmarks

Omni Cayman are Certified QuickBooks Pro

CG Britcay can design business insurance plans

and educational materials. They also offer

Advisors offering professional accounting

that provide wide ranging cover, including

bespoke products with bright foil and raised

services. They have a team of qualified

property, asset and profit protection, as well as

and patterned print, with personalisation down

professionals

protection against the potential legal liabilities

to a single recipient.

with

over

twenty

years’

experience in the Cayman market. The team members

have

gained

their

Deloitte, KPMG and BDO. Omni provides full service professional outsourcing, as well as individual and corporate US Tax filing and consulting services. SE E AD T H I S PAG E

business

catalogues,

forms,

perfect-bound

SE E AD PAG E S 45 & 77

of running a business. SE E AD PAG E 147

experience

working for Cayman’s top firms such as

brochures,

Anti-Business Fraud Hotline Civil servants and members of the public have a whistle-blower hotline which they can use to anonymously report government fraud or any breaches in ethics. The

Office Supplies, Printers & Electronics Alphasoft Tel: (345) 949 8251 Email: sales@alphasoft.com.ky Alphasoft is an authorised dealer and service provider for Hewlett-Packard (HP) hardware. Cayman Business Machines Ltd/PBS Group 49 Hospital Road, George Town Tel: (345) 949 8642 www.grouppbs.com CBM/PBS

are

the

authorized

partners

for Xerox, Solutions, Lenovo, SMART, L3 Securities, Cisco, Oracle, TrippLite, Data Card and NCR. Kirk Office 67 North Sound Road, George Town 76

CAYMANRESIDENT 2022

»


Tel: (345) 623 5475

and art supplies. They have an in-house

www.kirkoffice.ky

technology support team for all your business

Kirk Office has been helping businesses work

on-site and remote computer needs.

smarter for over 25 years. With over 6,000 items in stock and over 30,000 available in their catalogue, they offer a great selection of office products, computers, document solutions, office furniture and even IT support. Kirk Office offers easy online ordering through their webstore, plus fast and free delivery island-wide. They also offer custom printed stationery, folders, stamps and business cards, as well as printing/copying services. SE E AD PAG E 78

Office Supply Ltd. Marquee Plaza, 36 Lawrence Boulevard, SMB Tel: (345) 946 1200 Email: info@officesupply.ky With over 8,000 sq ft and open from 8am6pm Monday-Saturday, Office Supply, have an extensive range of products and a team

Deloitte Tel: (345) 949 7500 www.2.deloitte.com/ky Strategic Wealth Preservation (SWP) Tel: (888) 445 1977 Email: info@swpcayman.com

4

www.swpcayman.com

IT Services & Support Cayman Mac Store Tel: (345) 943 4763

everything from office furniture to copiers,

Cayman’s Apple authorised reseller and service

printers, tablets and computers, to stationary

provider, with a full range of Apple products.

Compass Print Shop Your local print shop at the Compass Centre in George Town offers unique and custom print products for any business. Locally owned, no shipping required, with hassle-free service. • Flyers

• Booklets

• Brochures

• Magazines

• Presentation folders

• Soft cover publications

• Personalised promotional products

• And more

Whatever it is you have in mind, talk to our experienced print team about how we can help you create bespoke products to support your business. printshop@compassmedia.ky

949-5111

compassmedia.ky

»

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77

RUNNING A BUSINESS

of helpful staff. Their retail store carries

Conference & Meeting Facilities A host of large international conferences are held in Grand Cayman at The Ritz-Carlton, the Marriott and the Kimpton Seafire Resort. There are also a handful of very professional and well presented places that can host smaller conferences or business meetings often with catering options. These places include Cannon Place (Tel: (345) 945 3517), the Caribbean Club (Tel: (345) 623 4500), Cayman Conference Centre (Tel: (345) 949 5511 or email: operations@mpcl.ky), The Cayman Islands National Museum on the Waterfront in GT (Tel: (345) 949 8368 or email: PLDdirector@museum.ky) with the Museum accepting donations in exchange for the use of their facilities and Sunshine Suites (Tel: (345) 949 3000 or email: sales@sunshinesuites.com).

Disaster Recovery Services Disaster recovery options in the event of a hurricane, fire or cyber-attack/virus include preserving critical material and hard drives in a separate secure physical site to allow you to restore your business back to its full operational capacity as soon as possible. Cayman also has world-class facilities for cold storage of cryptocurrencies and corporate data recovery services.


Creative Tech (Business Solutions)

Tel: (345) 946 1200

Group offers practical, responsive and cost

Suite 101 Cannon Place, North Sound Rd

Email: info@officesupply.ky

effective Cayman business solutions, including

Tel: (345) 946 8324

Large selection of office supplies plus

notarial services through its two notaries. The

Email: info@creativetechltd.com

gaming laptops from HP, Asus, Dell, Razor

standard charge is CI$25/US$30 per notarised

Creative

document.

infrastructure,

and MSI, personal and business laptops and

Document Solutions, Conferencing Systems,

Tech

offers

IT

computers including Acer, HP, Dell, Asus,

A/V Systems and Automation.

Lenovo and Toshiba. Also specialising in

Office Automation & Electronics

Monitors of all sizes and they stock a large

Creative Tech (Retail Division)

Kirk ISS

selection of Sharp and HP Printers as well

Shops 6, Bay Town Plaza, West Bay Road

67 North Sound Road, George Town

as back to school supplies. They have a full

Tel: (345) 946 8324

Tel: (345) 623 4730

IT support and service centre that offers in-

Email: info@creativetechltd.com

www.kirkiss.ky

house or off-site repairs.

Creative Tech offers Conferencing Systems,

Kirk ISS provides IT solutions and support for businesses of all sizes. They are a 4-time Microsoft Partner of the Year and Goldlevel partner with HPE Aruba Networks, Mitel, Cisco, Microsoft and Fortinet. With

4

over 100 certifications across networking, cybersecurity,

servers,

storage,

cloud,

communications and even managed IT services, Kirk ISS supports virtually every

RUNNING A BUSINESS

area of the IT department.

SE E AD T H I S PAG E

Office Supply Ltd. Marquee Plaza, 36 Lawrence Boulevard, SMB

Everything for the workplace.

Office Supplies

and

Automation,

Video

Infrastructure, and Document Solutions. The Security Centre Limited Tel: (345) 949 0004 Email: info@security.ky From

conventional

locks,

to

cutting-

edge systems, The Security Centre has a comprehensive range of products and services designed to cover all your commercial security requirements. They are open Monday to Friday 8am-5pm. SE E AD PAG E S 183, 195 & 242

Payroll Services Baraud Tel: (345) 945 1781 Email: payroll@baraud.com www.baraud.com Baraud has a team of qualified accountants offering a range of outsourced payroll and HR services to meet your business needs. They

Baysyde Biz

the highest levels of confidentiality, including

27 Duxies Lane, West Bay

on-boarding of employees, issuing salary

Tel: (345) 917 5756

payments, paystubs as well as statutory health

Email: baysydebiz@gmail.com

and pension administration.

Office Equipment

Baysyde Biz is available 24 hrs, 7 days a week

Computers & IT Support

They also provides assistance in preparation,

(by appointment) for document notarisation.

Office Furniture

submission,

tracking

and

documents

including

banking,

collection

of

corporate,

Professional Training See the Education chapter for information on training and educational opportunities.

immigration, legal, personal and more.

In-House Service Centre

Sinclairs

67 North Sound Rd. kirkoffice.ky

623-5475 CAYMANRESIDENT 2022

Systems

Walls, Workflow Application Solutions, IT

take control of the full payroll life-cycle with

Reliable Service. Trusted Advice.

78

A/V

Notary Public/Justice of the Peace Notary Public or Justice of the Peace (JP) services are available either through law firms or from independent operators. JPs do not charge, but they can only certify local documents. Have your passport or driver’s licence handy when you need their services as they need to verify your details and write your passport number in their records. (Visit www.judicial.ky to find a list of all Notary Publics and JPs that are in good standing, however, the website does not list any email or phone numbers.) You will be expected to pay a Notary Public in the region of CI$25 per stamp, though some charge less if it is just a simple matter. Some will also charge a call-out fee if you want them to visit you to notarise documents. Please note that since COVID-19 digital notarisations are accepted. Here are some active Notary Publics you may contact:

Tel: (345) 745 7529 Email: info@sinclairsoffshore.com www.sinclairs.com.ky The dynamic and rapidly growing Sinclair

»

Tax Advice Receiving professional tax advice may be essential when running a multijurisdictional operation in the Cayman Islands, as certain countries require special reporting. Tax advisors in the Cayman


Islands usually have specific legal and financial expertise and also advise private individuals on tax related matters. They may also offer a range of services including providing advice on shareholder tax planning, international tax structuring for multijurisdictional transactions, compliance prior to an overseas acquisition, to employment matters and reducing a business’s tax burden, as well as protecting and exploiting intellectual property. See the Immigration chapter for tax advisors.

Hew’s Cleaning Services Tel: (345) 949 0734 www.hews-janitorial.com Hew’s are a family owned and operated company and have been in the Cayman Islands since 1977. All their work is safe, professional, trustworthy, efficient, friendly and caring. They specialise in maid services, offices, floors, carpets, upholstery, marble, windows, janitorial, mold and microbial remediation, water and fire restoration, as well as post-construction cleanup. Staff are trained in Applied Microbial Remediation and follow all protocols in cleaning

Translation Services The WORC requires that all documents (i.e. medical and police clearance forms) being submitted from non-English speaking countries must first be translated into English and the translated copy notarised. The following company can help you with your translations:

Tel: (345) 945 1781 Email: translations@baraud.com

recommendations.

SE E AD PAG E 186

SETTING UP AN OFFICE

COMMERCIAL OFFICE SPACE The Grand Cayman commercial space rental market is one of the strongest in the Caribbean region, with high demand for all classes of space traditionally in the region of 75,000 sq ft to 125,000 sq ft per annum. The primary source of demand comes from the offshore financial sector, including law

www.baraud.com Baraud’s translation services are approved by both the Immigration Department and the Courts of the Cayman Islands. They offer a quick turnaround of a variety of documents to be translated for immigration or government purposes. The languages currently offered for translations are Spanish, French, Italian, German, Portuguese and Dutch.

Office Cleaning Complete Clean Tel: (345) 939 5148 /325 4922 Email: info@completecleanky.com www.completecleanky.com Complete

Clean

provides

professional

commercial janitorial solutions for businesses, small and large spaces. Their hassle-free and

• Permanent Residency Applications • Residency Applications (RERC) • Naturalization Applications • Caymanian Status Applications • Work Permits • Passports

efficient janitorial and sanitizing services can be custom-tailored to suit your business’s specific needs. They also offer specialty cleaning including tile, carpet, upholstery, and pressure wash. They use the best industry practices and are fully insured. SE E AD PAG E 80 & 185

Website: ww.pearsonwise.com Email: info@pearsonwise.com Phone: (345)949-9666 PO Box 10328, Grand Cayman, Cayman Islands, KY1-1003

»

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RUNNING A BUSINESS

Baraud

and disinfecting for COVID-19 according to CDC

firms, accounting practices and insurance/ reinsurance firms. From a retail market perspective, the cruise ship duty free sector has historically been a dominant force, particularly within George Town, but since COVID there have been no cruise ships and they may not return until 2023. The market comprises of close to 4 million sq ft of space in all classes, which breaks down to roughly 1.25 million sq ft of Class A office space, 1.75 million square feet of Class B space and close to 300,000 sq ft of retail. Class A cruise ship/duty free retail locations are rare and transact at high value. Average vacancy rates vary by class and location, from as low as 2-3% for Class A+ to A space, 5-10% for Class A- to B+ and around 15%-20% for Class B and C space. Within these averages, there is a wide variety of vacancy rates, for example, some Class B properties in central George Town have vacancies of between 25% to 35%. This has been largely due to the exodus of larger corporate tenants from the typically


RUNNING A BUSINESS

4

older buildings in George Town centre to the master-planned community of Camana Bay or edge of town development corridor of Elgin Avenue, such as Cricket Square. That said, we are starting to see a slowing down of that trend, and an increasing uptake in the George Town market as buildings have been renovated, and sometimes repurposed, and landlords have offered attractive rents and other incentives to retain tenants. Indeed, we have started to see an increased amount of interest in Class B+/B renovated spaces in Central George Town. This includes smaller turn key office suites with access to shared amenities such as conference rooms at an all inclusive price. This type of office space is attractive to small corporations and sole proprietorships who want to be in George Town with close proximity to all the additional amenities that George Town offers such as Class A banks, court house, government offices, and a mix of local restaurants and coffee shops. Several Class B buildings in George Town have sold

recently and are under full renovations, which brings the increased revitalisation needed to George Town to attract tenants and new businesses. These renovations will in turn decrease the vacancy rates for the Class B office space as buildings are renovated to a higher standard. Recent freehold office sales include Commerce House, Bermuda House and Elizabethan Square, the former HSBC building, and various class B office buildings in central George Town. The former HSBC building was the highest commercial sale in 2020 which sold for CI$14,025,602 for 44,477 sq ft of office, retail and restaurant space equating to CI$315 psf. Class A to A+ space is predominantly now found in development-type locations such as Camana Bay and Cricket Square on Elgin Avenue and in parts of the harbourfront where redevelopment has occurred. Other buildings have been renovated to a high standard where viable. Office space rental rates range on a triple net basis from US$42 to US$55 sq ft per

annum in the Class A to A+ market sector with the highest rents in Camana Bay to US$30 to US$42 per sq ft. in the Class B+ to A- market sector, falling to US$20 to US$30 psf pa in the Class B market. CAM charges range from between US$15 to US$18 psf pa in developments such as Cricket Square and Camana Bay where infrastructure costs are higher to between US$12 to US$14 psf pa in standalone office buildings in other locations. Retail rates vary from US$40 psf pa on Seven Mile Beach to the highs of Seafarers Way, Cardinall Avenue and Fort Street where rates of US$80 to US$130 psf pa are achievable. More recently, as gross rent rates in developments such as Camana Bay and Cricket Square have risen to between US$60 – US$73 psf pa, increasing numbers of tenants are now choosing office space located in buildings within George Town centre once again. As such, the current prognosis for George Town looks very positive, especially bearing in mind the government’s long awaited George Town revitalisation project, the potential for new developments and possibly a boutique hotel. All this will increase the foot traffic and hopefully provide more shaded public open spaces adjacent to businesses. Office Space Availability If you are planning to lease office space in Cayman, you should speak with a realtor who specialises in corporate rentals. Though many of the real estate companies listed in the Finding a Home chapter can help you with residential rentals and sales, only a few agents on-Island specialise in commercial properties. Cannon Place Tel: (345) 945 3517 or (345) 923 6465 Email: dave.mckay@rpmcayman.com www.cannonplace.ky Cannon Place is a well-established business centre, with 51 retail/office rental spaces.

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Dart

readyspaces

RE/MAX Cayman Islands/ Michael Binckes

Tel: (345) 640 3600

Tel: (345) 743 4610

Tel: (345) 938 3269

Email: leasing@dartrealestate.com

Email: info@readyspaces.ky

Email: michael.binckes@remax.ky

www.dartrealestate.com

www.readyspaces.ky

Dart has invested more than US$1.5 billion in

They offer 25 turnkey, one to two-person fully

Rhulens

the Cayman Islands, and has a wide portfolio

serviced office suites along the Seven Mile

Cayman Tel: (345) 938 1000

of

commercial,

Beach corridor with flexible, fixed short-term,

New York Tel: 1 (917) 836 9108

hospitality

month-to-month or daily occupancy terms.

Email: sloane@rhulens.com

properties. Among its leasing portfolio is

Located in Regatta Office Park with great

www.rhulens.com / Member of CIREBA

Camana Bay, which boasts more than 850,000

proximity to shops, hotels and restaurants,

Rhulens offers comprehensive commercial

square feet of retail, office and residential

readyspaces is the perfect solution for

real estate solutions with over 24 years of

space, as well as Regatta Office Park, Flagship

startups, small or growing businesses in the

industry experience. If you are a Tenant looking

Building and readyspaces, which offers flexible,

Cayman Islands.

to relocate, sublease, renegotiate or expand,

mixed-use,

recreational,

residential,

educational

and

SE E AD PAG E 67

turnkey, serviced office spaces. Construction

or an Owner/Developer looking to lease or Regus (Cayman)

sell assets, Rhulens provides the expertise and

Nexus Way, Camana Bay’s first 10-storey

Tel: (345) 743 4500 or www.RegusCayman.ky

strategic advice to help you achieve your goals.

office building, with 200,000 square feet of

Part of a global network, Regus provides

SE E AD T H I S PAG E

class-A commercial office space available for

serviced turnkey office space with flexible

lease. Also coming online in 2022 is Kapok, a

terms in the heart of central George Town.

10-storey for-lease residential building with

Offering daily to monthly rates, they offer

ground-floor retail space also available for

virtual offices, memberships, meeting rooms,

lease. Each property is serviced by a world-

co-working and private offices. Their services

class property management team.

provide you with designated parking, reception

SE E AD PAG E S 67, 153 & 158

staff, 24/7 IT support and relocation services. SE E AD PAG E 82

The Process of Setting Up an Office The length of time required to set up an office in Cayman largely depends on the condition of the space that your business will occupy. The simplest offices can be set up in four to eight weeks, however, this is uncommon. By the time a design has been

International Realty Group IRG Tel: (345) 623 1111 Email: info@irg.ky or www.irgcayman.com IRG - International Realty Group’s team of market sector specialists provide tailored expertise to the Cayman Islands’ luxury, commercial and residential real estate markets. IRG’s commercial property division provides a wide range of professional services including sales and leasing, tenant representation, lease renegotiation, property management, consultancy and corporate relocation. Heritage Holdings Ltd. Tel: (345) 936 3343 Email: sales@heritageholdings.ky www.heritageholdings.ky A

leading

property

development

and

management company in Grand Cayman

Full Service Real Estate Firm offering Commercial Leasing, Investment Sales, Residential Sales, Relocation Services and Rentals

specialising in commercial properties like the well known Centennial Towers and Countryside Shopping Village. Including a wide range of amenities to suit every business, these prime commercial spaces are centrally located close to banks, shops, pharmacies, and more.

Member of CIREBA

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4

RUNNING A BUSINESS

is scheduled for completion in 2022 on 60


finalised, interior finishes have been chosen, furniture ordered, IT systems specified and work permits and licences granted, you should expect about four to six months to have passed. Tenants may be required to submit fit-out plans to the Planning Department for building code approval. Office Space Planning & Design Grand Cayman has a few well known architectural firms that have qualified interior designers on staff who specialise in interior design for commercial premises and can take a new or existing office and create a space to suit the requirements of your business. To find an interior designer in Cayman please see page 194.

RUNNING A BUSINESS

4

Costs to Prepare an Office Space Costs depend on a number of factors, including the existing condition of the space and the quality of the final product you desire. Well-fitted existing office space in need of reconfiguration, with partitioned walls and internal offices, a

Prime location in historic building Custom workspace solutions Private designated parking Meeting rooms by-the-hour Business-grade Wi-Fi & internet Reception staff & 24/7 IT support Relocation services

at THE WHITE HOUSE RegusCayman.ky | CaymanRelocation.ky

+1 (345) 743-4500 | Cayman.TheWhiteHouse@regus.com 20 Genesis Close, George Town, Grand Cayman

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suspended ceiling, fluorescent lighting, air conditioning and power grid already in place, may be prepared for as little as US$50 per sq ft. Finding such spaces has become significantly easier and there is now an abundance of older properties available. New office space with only perimeter walls, one to two-hour fire rating separation walls and an air conditioning unit with an electrical panel sufficient for the tenants’ requirements, can be found and you may likely spend around US$120-US$200 per sq ft to prepare it to a reasonably high quality fit-out. Some landlords will offer a standard fitout package, or even a fit-out allowance, in the region of US$20-US$40 per sq ft. In fact, some landlords in older buildings are offering full fit-outs at no cost to the tenant to attract quality tenants. FITTING OUT YOUR OFFICE Telephone, Internet & Data There are five main telecom service

providers on-Island: C&W Business, FLOW, C3 Pure Fibre, Digicel and Logic who all offer a varying range of services and delivery mechanisms. FLOW and Digicel offer mobile phone service, both offering LTE data with speeds comparable to the US and Europe. Signal quality and data speeds are generally very good across the three Islands, as the topography of the Cayman Islands affords few black spots. Fixed line calling rates are competitive on the International market and the service quality is generally good. Mobile phone service providers in Cayman supply the iPhone, Samsung Galaxy and other smart phones. Always check the cross-carrier rates to help in choosing what’s best for your business. International mobile phone roaming can be very expensive, but some business plans offer discounted roaming plans for customers that travel often. Modern collaboration platforms are also widely used on island. Some of these platforms support video and voice calling and can even route calls directly to mobile devices. Check out Monday.com, Toggl Plan, Flock, Filestage, Karbon or Microsoft Teams and Google Docs. WhatsApp is widely used in Cayman and many districts have a community-wide WhatsApp group to keep residents informed. As a startup business you will be able to procure the usual services, such as Broadband up to 300Mbps, as well as fixed line telephony and more specialist data services such as MPLS (depending on your location). You may want to consider managed IT infrastructure and services being offered by local IT companies and telecom operators, such as Cloud back-up, business continuity, virtual data centres. Grand Cayman is serviced by two underwater fibre links: MAYA1 which connects most of the western Caribbean nations, before returning to the US and the Cayman Jamaica Fibre System (CJFS) that takes an alternative route via the eastern Caribbean back to the US. These links have enough capacity to support any type of business and their data needs, with private bandwidth available to guarantee quality of


service consistently and when required. Luckily, local providers are increasingly offering managed IT services that grow as your business does, with an easy ‘per user’ or ‘pay as you use’ approach, which removes the need for heavy financial investments as you set up your business on-Island. See the Settling In chapter for more information on telecommunications in the Cayman Islands and see providers below. C3 Pure Fibre Tel: (345) 333 3333 or (345) 333 3353 Email: business@c3.ky www.business.c3.ky or www.c3.ky FLOW/C&W Business Tel: (345) 949 7800

4

www.cwbusiness.com C& W Business is full service communications provider offering video, broadband, telephone and mobile solutions.

RUNNING A BUSINESS

Digicel Tel: (345) 623 2499 Email: caymanbusiness@digicelgroup.com www.digicelbusiness.com Digicel Business offers a full range of ICT solutions

including

Systems

Integration

Services, Microsoft Azure Cloud Services, Managed Support Services and Network Access Solutions. Full end to end Managed Solutions are scalable, secure and competitive. Solutions also include mobile voice and data, Internet (up to 50Mbps download speeds across all three islands), IT and business continuity, network and IT security. SE E AD T H I S PAG E & PAG E 135

Logic 43 Eclipse Drive Tel: (345) 745 5555 Email: business@logic.ky

or www.logic.ky

Using fibre technology, Logic provides your business with fast, dependable and reliable internet access that is stable, worry free and offers the most resilient network infrastructure in Cayman. See their Fibre Coverage Map on their website to work out whether your area is covered. SE E AD PAG E 137

»

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83


Working in Cayman

Photos courtesy of Rebecca Davidson and Julie Corsetti

How to find a job in the Cayman Islands, the different jobs available, insight into the Islands’ Labour Law, and details of Cayman’s recruitment companies.

WO R K I N G I N C AY M A N

5

Employment Prospects - Work Permits - Labour Law - Know Your Rights - Finding a Job - Financial Services Professionals - Other Skills & Professions - Recruitment & Employment Agencies

T

84 84 86 87 87 88 90

he Cayman Islands has numerous employment opportunities in the financial services industry, making it a desirable jurisdiction to be employed, attracting professionals from around the world. Jobs in other sectors (medical, construction, retail) exist mainly to meet the demands of the local market. The Island has a well-educated local workforce, but traditionally there have been more positions to be filled than there are qualified candidates. This is changing, however. Foreign workers make up a large percentage of the workforce, and come from around 135 different countries. Historically, the two pillar industries that have fueled Cayman’s economy were tourism and finance, but since the global pandemic, and the closing of Cayman’s borders, it would now be safer to say that Cayman’s pillar industries are development and finance. More and more financial service businesses and individuals, including family offices of high-networth individuals, are moving to Cayman. The need to show an economic presence in Cayman has fueled some of this, as has the huge need for compliance workers who are quickly snapped up by legal and corporate services firms. Although coming to an end, the introduction of the Global Citizen Programme opened up more opportunities for people to move to Cayman 84

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who just wanted to live and work in a jurisdiction with a very low community transmission of COVID. We do however expect the number of Cayman residents to rise in 2022 as our borders begin to open and many of the displaced tourism workers return. We also anticipate the return of tourists in 2022, although vaccination and testing measures will remain in place. Through 2021, the Cayman Islands Government was firm on its goal of ensuring 80% of the local population had been vaccinated before borders could reopen. See the Immigration and Preparing to Move chapters for more information on how to move to the Cayman Islands, including during the global pandemic. EMPLOYMENT PROSPECTS

Work Permits Strict work permit regulations exist to ensure that Caymanians, the spouses of Caymanians, Permanent Residents and existing Residents are given preference, in that order, for any position. The rules present some unique hurdles to the expatriate jobseeker, so a basic understanding of this process is required to put the employment market in context and avoid finding yourself in a position that is improvident at best and disastrous at worst. Unless contracted to Government, expatriates must either hold a valid work permit, a Special Economic Zone Certificate, a Certificate of Direct Investment, a Residency and Employment Rights Certificate or hold Permanent Residency


permit is granted for a specific position with a specific employer. This means that a work permit holder is not entitled to work in any other capacity or for any other employer and that any significant changes to the person’s role within the organisation must be approved by WORC prior to the individual taking up a revised role. If you want to take up employment with a different company while you have an existing work permit, your current employer must provide a letter to WORC releasing you from your work permit. You should, therefore, be doubly sure that any position is right for you before committing to a longterm contract. Once employed, you should take some time to consider your situation before your employer applies for your work permit renewal, as you are effectively bound to them from the time of application until expiry of the permit, unless the permit is cancelled at the employer’s request. It is unlikely an employer will be granted a work permit unless a) the proposed expatriate employee is professionally qualified or very well experienced in a relevant field, or b) there is no interest in the position from the local workforce (which is actually fairly common). This creates something of a “Catch 22” for those expatriates without a professional qualification. The better the position, the higher the level of interest from the local workforce and the less likely it is that an expatriate will be granted a work permit. There are certain occupations that presently seem to hold little appeal for existing residents. These are often positions that offer little job security, irregular or anti-social hours of work, or a somewhat unpredictable or unreliable income stream. Examples of such lines of work are diving, nursing, construction, food and beverage service, security services and most commission-based sales positions. In June 2021, Premier Wayne Panton spoke of implementing a law that would

5

WO R K I N G I N C AY M A N

with the right to work in a prescribed occupation or occupations in order to work and reside in the Cayman Islands. The administration of work permits is the responsibility of the Cayman Islands Government Department of Workforce Opportunities and Residency Cayman (WORC) and are the legal obligation of your employer. There is also an understandable emphasis on the training of local staff to ensure that they have an opportunity to develop their skills. The onus is on the employer to demonstrate to WORC that they have tried to fill the position with a Caymanian by advertising the job on the JobsCayman website. Only after all efforts to recruit locally have failed can the employer rightfully justify a work permit application. This process must be repeated periodically (usually once every two years) depending on the employer’s circumstances. Some employees can, however, be granted work permits of up to five years’ duration, or, in relation to senior positions in the financial services industry, up to 25 years. Work permits can take as long as three months to be processed, although they are often issued within six weeks of application. Temporary Work Permits (for anything from 30 days to up to six months) can be granted within a matter of days (if an express fee is paid), but they are generally discouraged in favour of full (i.e. one-year) permits. Temporary Work Permits should only be used when the circumstances justify it, for example, where there is genuine urgency or where the employment is temporary in nature as in the case of a time-sensitive project or maternity cover. A Seasonal Worker’s Permit allows the employee to work for eight months. Where employees are only required for very short periods and no residence in the Islands is expected, exemptions from the work permit restrictions can apply in particular circumstances. Other types of permission such as a Business Visitor’s Permit or even a Visitor’s Work Visa may be appropriate alternatives. Note: a work

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require all new or renewing work permit holders to be immunised against COVID as a condition of them having their work permit approved. Labour Force & Work Permit Numbers

5

It is estimated that there are just over 48,000 working adults in the Cayman Islands, of which 2,995 are Caymanian civil servants, 1,232 are non-Caymanian civil servants (September 2020) and 26,967 are work permit holders (July 2021). These work permit holders hail from 135 different countries, including from Jamaica (11,740), the Philippines (4,086), the UK (1,759), India (1,165), Canada (1,145), Honduras (1,095), the USA (942), Nicaragua (488), South Africa (465) and Ireland (337). Rules on Residing On-Island Whilst a Work

WO R K I N G I N C AY M A N

Permit is Processing

WORC authorities generally dictate that individuals should not be present in the Cayman Islands while a Work Permit application is in process. However, this does not apply if you are already legally resident, including, for example, working legally on a Temporary Work Permit (TWP) and the Full version is submitted to WORC before your Temporary Permit expires. Generally speaking, without special circumstances or the consent of the Director of WORC, no one is permitted to remain in the Cayman Islands as a Tourist Visitor while a Work Permit application is being considered. Once your permit is approved, you can return to the Cayman Islands and start working. It should be noted that if you come to the Cayman Islands on a Temporary Work Permit, and your subsequent Full Work Permit application is denied, you will have to cease work immediately and may have to leave Cayman on short notice, unless permitted to remain by virtue of some other provision. Rules on Dependants

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spouse or children are not automatically entitled to reside in Cayman even if you hold a valid permit. They must be named dependants on the permit and a separate application must be filed. All accompanying dependants must also submit an original medical questionnaire if over 18 years of age and, for a spouse, a certified copy of your marriage licence, civil partnership, any final divorce decree, and an original police clearance certificate. If the dependant is a child, a certified birth certificate naming you as a parent and, if old enough, a letter from a Cayman Islands’ private school confirming acceptance is required. Where appropriate, arrangements for homeschooling can be made. WORC will consider, along with other factors, your ability to financially support your dependants. Dependants can also be added to a Temporary Work Permit. For more information see the Immigration chapter. Work Permit Term Limits: ‘The Roll Over’ Policy

In 2004, the Cayman Islands introduced an immigration ‘term limits’ policy, a necessary consequence of near exponential growth of the population over the previous four decades. Under current provisions, most expatriate workers can only remain in the Cayman Islands for a maximum of nine years, unless they have applied for Permanent Residency (PR) on passing eight years of legal and ordinary residence. All such applications must generally be made by the ninth anniversary of the expatriates’ arrival to live in the Cayman Islands. The point system for awarding PR provides workers with greater transparency and certainty. This system permits everyone who qualifies to apply for Permanent Residency following a clear and objective set of criteria. Labour Law - Know Your Rights We strongly advise you to become familiar with your employee handbook, the Labour Act (2021 Revision), and the Gender Equality Act (2011 Revision). Below are

some of the highlights of the laws governing employment in the Cayman Islands: Sexual Harassment: The Gender Equality Act (2011 Revision), states that sexual harassment is illegal in the Cayman Islands. Maternity Leave: The Labour Act (2021 Revision) stipulates that 12 calendar weeks must be granted for maternity leave. The amount of paid maternity leave is four weeks (20 days) full pay; four weeks half pay and four weeks no pay, for all female employees who have completed 12 months of employment. Otherwise it will be on a prorated basis. Holiday Pay: According to the Labour Act (2021), each employee is entitled to a minimum of two weeks’ vacation (10 working days) for the first four years of employment, three weeks (or 15 working days) for years four to 10 years, and four weeks (20 days) if employed for over 10 years for the same company. Severance Pay: Under the Labour Act (2021), all employees who have continually worked for their employer for more than a year are entitled to receive severance pay if their employment is terminated for any reason other than for misconduct and poor performance, at a rate of one weeks’ salary for every completed year of service. For part-time employees, severance pay is calculated based on the ratio of their hours of employment to the standard work week. Unfair Dismissal: If an employee feels that they have been unfairly dismissed they have 90 days from the date the employment was terminated to file a claim for unfair dismissal with the Department of Labour and Pensions. If the employee is successful with their claim, they may be entitled to further compensation if the Labour Tribunal deems fit. Minimum Wage: The current national minimum wage is CI$6 but the new PACT government run by Premier Wayne Panton have committed to reviewing it as many feel it does not provide a living wage. Currently those in service positions who receive a portion of their income via gratuity can be paid CI$4.50 per hour, and domestic helpers who receive benefits (such


as a car and accommodation) in their salary package cannot be paid less than CI$4.50 per hour.

Finding a Job Despite a growing population, there are still many employment opportunities available in the Cayman Islands. In fact in August 2021 the leading financial services recruitment agencies told Cayman Resident that it is currently a candidate-driven market and that those with qualifications and experience in the financial services field, especially in compliance, are readily snapped up. Another change in the market is that companies no longer have to advertise jobs in the local newspapers in order to secure a work permit, although they do have to advertise the job for two weeks on the JobsCayman website (part of WORC) and therefore all jobs that are advertised in the local newspaper can be considered genuine job vacancies. This is a time of amazing opportunity for Caymanians in the financial services field as they are highly sought after and in much demand. Although there are 26,967 work permits in issue as of August 2021, these jobs have filled a genuine need and cross the span of everything from gardener to a managing director at a bank. Another effective way to look for work in Cayman, whether local

CAREER IS MORE THAN A JOB.

Financial Services Professionals Cayman is one of the world’s top ten financial centres, and the field of regulatory compliance is vital to the success of the jurisdiction. As the regulatory requirements for businesses increase, so do the resources needed to ensure that teams of experts are in place to monitor and uphold the standards required. From annual FATCA and CRS reporting to ongoing KYC work and AML investigations, the job market for compliance in the Cayman Islands holds a vast array of diversity and breadth at all levels. With some of the largest financial services organisations residing in the Cayman Islands, coupled with some of the strictest regulations within the industry, there is a lot of need for qualified detailfocused staff with compliance experience. For more senior positions, relevant offshore experience and the ACAMS qualification is highly regarded in the jurisdiction. Many positions also exist for professionally qualified accountants, particularly those with investment, funds or insurance industry experience (but this is by no means essential). The Cayman Islands recognises most Commonwealth and international accounting designations. Many accounting positions are filled via recruitment agencies and job seekers would be wise to consider registering with a Cayman Islands-based recruitment agency that has an in-depth understanding of the local marketplace. They will be able to advise you on the prospects and appropriate salary for someone with your experience and qualifications. Many of the largest financial services employers on the Island find their professional staff through recruitment agencies. However, if you are interested in working for one particular employer, it would be more advisable to approach

It's a lifestyle. steppingstonesrecruitment.com

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WO R K I N G I N C AY M A N

Overtime & Weekend Hours As is the case in most leading jurisdictions around the world, many companies expect their employees to work beyond the normal eight-hour workday. Conversely, standard Human Resource (HR) practices may vary from country to country. Before taking a job, familiarise yourself with the work culture. Ask your prospective employer’s HR professional whether overtime pay is provided or time in lieu. Again, knowledge of the Labour Act will assist you in determining what is legal in the Cayman Islands from an employment law standpoint. Check the Department of Labour and Pensions’ website: www.dlp. gov.ky for more information. The Cayman Islands Society for HR Professionals (www. cishrp.ky) is also a great resource.

or expat, is to register with an employment agency as they are often tasked with finding suitable candidates. Another option to investigate is whether your business could set up a branch within Cayman Enterprise City and you then work here. See page 66 for more information.

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them directly first, expressing your interest, before registering with an agency. Lawyers should note that if they are seeking to practise Cayman Islands’ Law, there are strict Bar admission requirements. To be eligible for admission, non-local lawyers must have at least three years post-qualification experience gained in a relevant jurisdiction (UK, Ireland, NZ, Australia, Canada and certain Caribbean nations), as well as previous financial services experience, preferably in mutual/ hedge funds, insurance, insolvency, finance or commercial litigation. For many years there has been talk of changing the three years PQE to five years, so expect this to change in the coming years.

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5

Other Skills & Professions For those with qualifications, skills or ambitions not related to financial or legal services, finding good employment may require more research and legwork. Most reputable recruitment agencies will be able to point you in the right direction and some may have vacancies within your field, so it will be a matter of researching those agencies that may be able to help you. If you are Caymanian, a Permanent Resident or currently on a work permit, you can register on the JobsCayman portal and see all the jobs that have been posted on there. Employers from top firms have access to this database and regularly post job listings on this online system. The department of WORC, in conjunction with the former NWDA has a Career Assessment Centre and also provides free career counselling and training to Caymanians. You can also use LinkedIn, the Cayman Compass classifieds or Yello to make a list of potential employers and write to them enclosing your resumé. For your cover letter, remember to include when you will be available to work, your skills, qualifications and your marital status. Some Cayman employers will also be interested to know if you currently reside in Cayman and if not, you should be prepared to have a convincing case for moving and being committed to your potential employer. Most employers 88

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will not reply unless they have a suitable vacancy. It is good practice to follow up with a call to their Human Resources Manager to confirm receipt and enquire as to any current vacancies available. The field of office temping has changed significantly in recent years. No longer can an employment agency relocate you to Cayman, hold your permit and lend you out for a few weeks here and a few weeks there. Now the employment agency has to have a contract from a local Cayman firm showing where you are going to work, for how long and what work you are doing. The reality is that there are many Caymanians now filling those temping jobs and expats are only needed if the job is genuinely temporary by nature and no Caymanian can be found. If you do want to sign up with an agency you should do as much research on them as possible. A good agency will be able to provide references from current and past staff-members, together with contact details, which will allow you to confirm their authenticity yourself. For other specific industries the situation is as follows:

>

that there is lot of demand right now for skilled craftsmen.

>

CI Government: As with all Civil Service jobs, the Cayman Islands’ Government prefers people to submit an official application form, a resumé and a cover letter. Visit www.recruitment.gov.ky for job opportunities. Most people love working for the CIG. There is good job security, the hours are reasonable and the pay is good. If you are identified as a hard worker, you can also often get transferred to different department if you would like a change.

>

Electricians and Plumbers: Legally, all electrical and plumbing workers require a local licence to work in the Cayman Islands. Plumbers are licensed by the Plumber’s Examination Board and should contact the Planning Department about specifics of the process. Information can be found on www. planning.ky, under the ‘Resources’ tab. Electricians must satisfy the CI Electrical Board of Examiners that their qualifications meet the requirements of the Electricity Regulations. Call the Planning Department on (345) 244 6501 for more information. In all cases, a certified copy of your licence,

Construction: It would be safe to say

trade certificate and trade references must

that as of July 2021 the construction

be submitted along with your application

industry in Cayman is absolutely booming.

for a local licence.

Construction companies get sent random

>

Grocery:

Foster’s

supermarket

has

resumes from people all the time and it

several locations and you can reach the

is very hard for them to know what is

HR department via their website by filling

genuine. So we spoke to a few construction

in the online application at https://fosters.

companies and they said that they would

ky/need-help/about/careers/. For Kirk

much rather a personal and persistent

Market, you can visit the careers page of

approach: a cover letter showing that you

their website (www.kirkmarket.ky) and see

have done some research on the company

what positions have vacancies. For those

you are applying to, a willingness to get

seeking employment at Hurley’s, you can

on a Zoom call to have an initial meeting,

view job vacancies on their website www.

and the persistence to follow up if you

hurleys.ky/jobs or email: recruitment@

don’t get a response within the first week.

hurleysgroup.com.

Local companies are really looking for

>

Hospitality Industry: Hotels and restaurants

high-end, luxury residential homebuilding

usually hire in September and October to

experience from project managers who

fill positions in time for high season, which

would consider themselves the best of

starts in December. All those looking for jobs

the best. This is where global recruitment

in the hospitality industry are encouraged

has come into play. More jobs in the local

to register on the JobsCayman/WORC

construction field are sourced through

website and then they can view what jobs

international head-hunters than anything

are available. Alternatively email the hotels

else right now. Local recruiters also know

and restaurants directly. Seasonal permits


>

>

for six or eight months are obtainable.

in Nursing, or its equivalent, and they

IT: There is increasing demand for expats in IT

have to have a minimum of three years

positions as the tech industry continues its

experience as a Registered Nurse before

for compliance professionals, corporate

steady growth on the Island. With Cayman

they can practice in Cayman. Consultants

administrators, legal secretaries and trust

Tech City (part of CEC), TechCayman and

and doctors with specialist training are

officers and these positions are generally

the need for expertise within areas such

preferred at all registered health care

filled by employment agencies. Both

as Blockchain, Cryptocurrency and Cyber-

facilities. Please visit the Department

Caymanians and expats are needed and it

Security, organisations are having to look

of Health Regulatory Services’ website

is commonly acknowledged that there are

further afield to find the specialist skillsets

for complete information about the

more positions available than people to fill

needed. There is also an increased number

registration process and requirements at

them. There are a few Personal Assistant

of positions available in the software

www.dhrs.gov.ky. For more information

positions, but these positions are generally

development (specifically within the .NET

on recruitment at the Cayman Islands

filled by Caymanians. Support staff in

space) and network administration fields

Health Services Authority (HSA), please

in addition to project management and

visit the Employment and Training section

business analyst roles. These positions

on www.hsa.ky. The Doctors Hospital is a

retail field are Island Companies and Kirk

are often advertised by, and filled through,

locally-owned provider of international-

Freeport. Both would be happy for you to

employment agencies. Companies tend

standard,

healthcare

contact them directly. You can email Island

to seek mid-level to senior candidates for

services. Email your resume to careers@

Companies at careers@islandcompaniesltd.

roles within tech, and are generally very

doctorshospitalcayman.com. Health City

com

happy to sponsor work permits and provide

Cayman Islands is a private, institutional

kirkfreeport.com.

relocation support to qualified candidates.

tertiary care hospital located in East

Teaching Positions: Teaching positions in

End with a satelite clinic in Camana Bay.

a

private schools regularly come up. See the

They accept applications from qualified

consequently Caymanians tend to avoid

Education chapter and apply to various

healthcare professionals from around the

these jobs. The best way to find a sales

schools directly. Teaching and Education

world. Email your resumé to careers@

position is to make a few phone calls from

private-sector

healthcity.ky.

>

Office Support Staff: There is a high demand

accounting firms also tend to be local.

>

>

Luxury Retail: The major recruiters in the

and

Kirk

Freeport

via

work@

Sales: Sales jobs in Cayman usually have commission-based

component

and

advertised on the Ministry of Education’s Facebook page: @educationcayman, and they are also posted on their website, www.education.gov.ky/jobs. Recruitment is undertaken throughout the year. The application form is available on the website. You can also email: edu.recruitment@gov. ky with questions or applications and the HR services team will usually respond to your enquiry within two weeks. This department is also responsible for the recruitment of all jobs within the Ministry of Education, so positions other than teaching are available throughout the year. Employment contracts are generally two years in length, include a range of benefits and are subject to an annual performance process. Health Field: Medical professionals fully registered in Australia, Canada, Jamaica, the UK, New Zealand, South Africa and the USA may be eligible to practice in the Cayman Islands once they have become registered with the appropriate Council. This applies to both doctors and nurses. The latter must hold a Bachelor of Science

»

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89

WO R K I N G I N C AY M A N

jobs in the Government schools are

>

5


your home country, introduce yourself and

administration. SE E AD PAG E S 85 & 113

then send your resumé.

>

>

Telecommunications:

and working offshore. Staff

are

most

Acumen Group Ltd

often hired locally and promoted from

2nd Fl, 2A1 Landmark Square,64 Earth Close

Invenio Global

within the particular business. Some jobs

Tel: (345) 746 6100

42 North Church Street, Grand Cayman

do occasionally become available and in

Email: info@acumengroup.com

Tel: (345) 769 7000

these cases, recruitment is done through

www.acumengroup.com

Email: cayman@invenio-global.com

employment agencies. See the Settling In

Acumen is a bespoke services provider

www.invenio-global.com

chapter for a list of the telecommunication

specialising

outsourced

Invenio has three uniquely situated locations

companies in Cayman.

accounting and payroll services, interim and

worldwide: Grand Cayman, Singapore, and

Caribbean Utilities Company Ltd: CUC is the

secondment, and run-off acquisition. Acumen

London. Their experienced Cayman team are

local electricity company. The company’s

Group Ltd currently has offices located in

passionate about providing full-service global

workforce is currently comprised of 85%

Cayman

Johannesburg,

recruitment solutions to their clients on a

Caymanian employees and 15% other

London, Mauritius and Singapore, which allows

permanent, contractual or temporary basis.

nationalities, leading to a diverse working

them to provide local knowledge with global

Being a full service recruitment consultancy,

environment. Employees are given a

experience to all their clients.

Invenio’s other specialisations are: Immigration

in

recruitment,

Islands,

Bermuda,

number of opportunities for training, which

>

services, general HR advice and payroll

allows growth and upward mobility within

Baraud

the organisation. If you are interested in

1st Floor, Elgin Ct, Elgin Avenue, George Town

joining the CUC team, you may email your

Tel: (345) 945 1781

Nova

resume to careers@cuc.ky or visit www.

Email: recruitment@baraud.com

Tel: (345) 623 1029

cuc-cayman.com and navigate to the

www.baraud.com

Email: info@nova.ky

‘careers’ tab on the home page.

With over 29 years of excellence in recruitment

www.nova.ky

Other: Dart is another corporation that is

and immigration solutions, Baraud International

With a focus on local talent, Nova not only

often seeking motivated employees. Visit

Recruitment is Cayman’s leading recruitment

specialises in recruitment but also offers

their website at https://dart.ky/careers

and immigration consultancy. Services include

career guidance and training to build the skills

for opportunities available at Dart.

HR solutions from temporary to permanent

for successful careers. They have a focus on

staffing, immigration managed services and

helping peoples’ careers across a range of

out-sourced payroll solutions.

administrative support and niche financial

Recruitment Agencies With the Cayman Islands being a global financial centre, it is not surprising that the recruitment of human capital from overseas is necessary due to the Islands’ small size. There are a number of recruitment and employment agencies located in Grand Cayman that specialise in finding talent for legal and financial firms as well as companies that require candidates with IT or other technical skills. Certain agencies also offer extensive training programmes to the candidates that they recruit, and provide immigration advice to their clients.

processing solutions.

SE E AD PAG E 89

services roles in both permanent and temporary CML

positions. Speak to their team to see how they

Tel: (345) 949 1345

can help with your career aspirations.

Email: info@cml.ky or www.cml.ky Founded in 2004, CML is the largest professional

SteppingStones Recruitment Ltd.

recruitment firm in Cayman. Their team has

Harbour Walk, Grand Harbour, Prospect

helped thousands of people take their lives and

Tel: (345) 946 7837

careers to the next level. Specialising in financial

Email: info@steppingstonesrecruitment.com

services, legal and IT recruitment, CML’s mission

www.steppingstonesrecruitment.com

is to help clients build great teams and to help

SteppingStones

candidates build great careers.

highly experienced, dynamic and forward-

is

an

award-winning,

thinking professional services organisation Highbury Consulting

headquartered

Ugland House, George Town

specialising in permanent and temporary

Affinity Recruitment Ltd.

Tel: (345) 328 0555

recruitment. Their dedicated recruiters are

2nd Floor, Piccadilly Centre, Elgin Avenue, GT

Email: cayman@highburyconsulting.com

committed to identifying and securing the right

Tel: (345) 943 2020

www.highburyconsulting.com

career opportunities for their candidates and

Email: info@affinity.ky

Highbury Consulting specialises in recruitment

securing the best talent for their clients.

www.affinitycayman.com

services for the offshore financial services,

SE E AD PAG E 87

Specialising in: Permanent and executive

legal, and IT sectors. With consultants based

recruitment, temporary staff assignments,

in the UK and the Cayman Islands, candidates

corporate immigration services, and benefit

receive honest and straightforward advice from

90

CAYMANRESIDENT 2022

»

in

the

Cayman

THE

WO R K I N G I N C AY M A N

5

people who have first-hand experience living

Tell them you saw it in the

Islands


Preparing To Move

Photos courtesy of Rebecca Davidson and Julie Corsetti

Everything you need to know about the process of moving: things to consider before signing a contract, what and what not to bring, duties and fees, the cost of living and shipping considerations.

MOVING TO CAYMAN

Gateways to Cayman Grand Cayman’s Owen Roberts International Airport (ORIA) is located in George Town. Before the pandemic, it was a relatively busy airport with over 1.4 million passengers passing through it each year. There have been major improvements made to the airport and runway in the past few years, which will eventually allow the airport to accommodate up to 2.7 million passengers per year, as well as allow larger planes to land, therefore encouraging tourism from European countries. The national carrier of the Cayman Islands is Cayman Airways. The main gateway to Cayman is Miami and in normal times, there were daily flights to Grand Cayman, as well as daily or weekly flights to Charlotte, Chicago, Havana, Jamaica, La Ceiba, Tampa, New York, and the Sister Islands. Other airlines that serviced Cayman were Air Canada, American Airlines, British Airways, Caribbean Airlines, Delta, JetBlue, Southwest, United Airlines and WestJet. We hope these services resume as things return to normal. At the time of going to print, commercial travel to Cayman was expected to return in early 2022. To stay up to date with the latest travel restrictions in Cayman, visit www.exploregov.ky Cost of Flights The average cost of a return ticket from Miami is US$400, from New York US$500, and from London US$1,300-US$1,500. Costs will vary according to high or low season and due to flight

The Process of Moving - International Packers & Movers - Cayman & Miami Freight Forwarders - Shipping by Air - Excess Baggage - Shipping by Sea

P R E PA R I N G T O M OV E

Moving to Cayman may be an exciting, significant milestone in your life but there are a lot of details to consider before you arrive on the Island, move into your new home, unpack, start your job and then finally put your feet in the sand.

6

Moving to Cayman 9 1 - Gateways to Cayman 91 - Cost of Flights & Flying Time 91 - Moving to Cayman During COVID-19 92 - Special Services 92 - Relocation Services 92 - Time Zones 92 - Before Signing Your Contract 92 - Cayman Currency 93 - Weights, Measurements & Temperature 93 - Cost of Living Tables 94 95 95 96 96 96 97

Shipping Considerations 97 - Import Duty 97 - Customs Clearance 98 What to Bring & What Not To Bring

98

availability as flight schedules return to normal following the pandemic. Flying Time to Cayman The flying time from Miami to Grand Cayman is 1.5 hours. The flight from London is 10 hours (with 45 minutes on the tarmac in Nassau). Flying time from Toronto and New York is four hours.

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P R E PA R I N G T O M OV E

6

Moving to Cayman During COVID-19 During the pandemic, and in an effort to protect the health of Cayman citizens, there were significant restrictions placed on arrivals to the Cayman Islands. These worked well to keep the Cayman Islands free of COVID-19 and allowed residents to live normal lives when on-Island. In July 2021, the Cayman government outlined a five-phase reopening plan but at the time of going to print, the Government had put a pause on the re-opening plan until 2022 due to an outbreak of community transmission of COVID-19. Cayman had been expecting to move to phase five, in November 2021 which would have meant that fully vaccinated people and unvaccinated children under 12 years old would no longer need to quarantine on arrival in the Cayman Islands. Instead, for the remainder of 2021, quarantine for those vaccinated in Cayman or in the UK is seven days. Other travellers who have been vaccinated elsewhere will still be required to isolate for 10 days, and unvaccinated people must quarantine for 14 days. All travellers are required to wear a geotag device to ensure they do not breach quarantine rules. Throughout 2021, the Cayman Islands Airports Authority (CIAA) restricted flight volumes in order to manage the number of people entering the Islands. BA resumed its flights from London’s Heathrow Airport, via Nassau, three times a week in September 2021, however, aside from Cayman Airways, there were no other commercial airlines flying in and out of the Cayman Islands.

Email: info@cayluxe.com

consultations,

Offers exclusive Island tours and private

schooling and vehicle solutions, pet relocation,

transportation services in a Mercedes minivan.

shipping services, and more. SEE AD OPPOSITE PAGE

Island Air

Time Zones While the US employs daylight savings, the Cayman Islands, being nearer to the equator, has relatively equal periods of day and night year-round. There’s really only about an hour difference in daylight between 20th June and 20th December, so Cayman keeps the same time all year (-5 hours Coordinated Universal Time). This means the Islands share Eastern Standard Time (EST = -5 UTC) with Miami and New York from November to March. However, when the US switches to daylight savings time in March, Cayman then shares Central Daylight Time (CDT = -6 UTC) with Chicago and Houston.

Tel: (345) 949 5252 An aviation service for private and chartered aircraft including ground handling and a refuelling service. Websters Tours Tel: (345) 945 1433 or www.websters.ky Offers full airport arrival and departure services as well as on-Island transfers and Island tours.

Relocation Services It is often useful to enlist the help of a relocation consultant. ‘Destination Services’, as it has come to be known, offers private and corporate clients unbiased assistance and invaluable insight into Island life.

home

services,

Tel: (345) 928 7940

Before Signing Your Contract When planning your move to the Cayman Islands, you will need to know what to expect in terms of the cost and standard of living, as they may be very different from what you’re used to. Bear in mind that the cost of living in Cayman is high (see the ‘Cost of Living’ tables later in this chapter). Unless you are moving from an expensive city such as London or New York, you may discover that everything from groceries and electricity bills to maintaining a car and schooling your children will cost significantly more. In August 2021, Expatistan listed the Cayman Islands as the most expensive country in the world to live. Visit www. expatistan.com for more information. The process of moving can be very costly. Before signing, find out what your employer will do to absorb or mitigate certain costs. Here are some questions that you may want to ask your new employer before you accept a job offer:

Email: relocation@mosaiccayman.com

1) Cost of Shipping

Blue Point Consultants Ltd. Tel: (345) 525 0706 Email: info@bluepointproperty.com www.bluepointproperty.com They offer an employee relocation programme which focuses on finding a suitable property for the new resident, whether it be a rental or for purchase. Guided advice on location as well as information on key amenities, shopping, recreation, social groups, sports clubs, medical and banking facilities, vehicle purchasing and hire, typical living conditions and any special concerns. They are part of a global network of destination service providers, have 25 years living and working in Cayman, as well as fully qualified RICS surveyors so can offer experienced and professional advice on all

Special Services To ensure a stress-free arrival and departure to and from the Island, there are a few reliable companies that offer special services to help you. Taxis are readily available on arrival at the airport and you can find out more information on fares in the Transport chapter.

extensive

property and relocation matters. Mosaic Cayman George Town

Will the company

www.mosaiccayman.com

contribute towards transporting your

Their experienced staff provide personal and

personal items to Cayman?

tailored assistance for individuals and families

2) Accommodation & Renting a Car Will the

Cayman Luxury Excursions

relocating to and from the Cayman Islands.

company provide you with a place to live

Tel: (345) 326 2018

Relocation

and a rental car for your first month on the

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CAYMANRESIDENT 2022

»

packages

include

pre-arrival


Island? See the Finding a Home chapter for

will cost at least CI$500-CI$875 per

obtain a work permit, regardless of

temporary accommodation options.

month, double that for a couple and triple

whether you have children. Your children

3) Cost of Setting Up Your Life in Cayman It

that for a family. Though the Law states

can stay if they are listed as dependants

is worth being completely aware of the

you only need the basic plan, the premium

on your work permit.

costs of setting up a home in Cayman.

plan should be considered for better

For example, you will have to buy a car

coverage. A good employer will pay at least

and a year’s worth of car insurance and

50% of a premium plan, including half of the

pay deposits on a house or apartment,

insurance cost of your family. However, this

including

your

will still leave you with a monthly deduction

electricity, water and telephone set up.

of between CI$650-CI$1,250 per month (if

deposits

on

getting

You will have to take a driving test and pay

you are on a premium family plan).

for a driver’s licence. For a couple without

7) Vacation Time How many weeks of annual

children we estimate this to be just under

holiday does your contract provide for?

CI$10,000, but for a couple with children

There is a disparity in Cayman between

we estimate it to be closer to CI$23,000,

companies which offer only the US system

or even more if you don’t want the most

of 10 working days per year and others

basic of second hand cars.

which offer 3-4 weeks. Be sure to ask! 8) Can Your Children Join You? Unless you are

depend on your standard of living but we

guaranteed to earn a minimum of CI$3,500

advise that you design a budget before

per month, you will not be allowed to have

taking the leap to Cayman. Things to take

your children join you in Cayman. See the

into consideration are your salary, minus

Immigration chapter for more information.

5% pension and your portion of health

9) Divorce If you get divorced during the

insurance. Then factor in accommodation,

tenure of your stay, the non-working

utility bills (water, electricity, phone,

spouse will have to leave the Island or

Weights, Measures & Temperature Cayman uses the US system of miles for distances, mph for speed, inches for length and pounds for measuring weight. Petrol is sold by the Imperial gallon. For temperature, Fahrenheit (°F) and not Centigrade (°C) is used.

TV, internet), running a car (gas, licence and insurance), groceries, school fees, entertainment, activities, clothes, flights off the Island, savings, etc. 5) The Currency of Your Salary What currency will your salary be paid in? If you will be paid in US dollars, is it at the going rate? For example, you might think US$60,000 is a fair salary for a qualified accountant, but it’s actually only CI$49,200 (when using the bank exchange rate of .82) and the cost of living is greater here than in the US. Be aware that you will pay for almost everything in CI dollars, so if you are paid in US dollars, you are better off taking the money you need out of the bank in CI dollars than paying for something at a store with US cash at a conversion rate of .80. On a salary of US$60,000 per year, you will save around CI$1,200 a year. 6) Health Insurance This is compulsory and it is essential that you ask whether your company will be covering more than 50% of the basic plan required by law. Premium health insurance coverage for an individual

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6

P R E PA R I N G T O M OV E

4) The Cost of Living This will invariably

Cayman Currency The Cayman Islands Dollar (CI$) is pegged to the US Dollar and does not fluctuate. The exchange rate is CI$1= US$1.20. The cash exchange rate is CI$1 =US$1.25, which means that US$20 cash is worth CI$16. US Dollars are accepted everywhere. Credit and debit cards are widely accepted and there are many ATMs throughout the Island. Currency denominations are as follows: CI$1, 5, 10, 25, 50 and 100 dollar bills.


Cost of Living in the Cayman Islands Grocery Costs

Housewares

Item

CI $

US $

Item

CI $

US $

Butter (Anchor 8oz)

3.59

4.31

Bath Towel

12

14.60

Baby Food (Gerber 8oz)

2.19

2.60

Broom

9

11

Baked Beans (Bush’s 28oz)

3.39

4.07

China Set (Gibson 30 piece)

37

45

Batteries (Duracell pack of 4 AAA)

4.19

5.11

Coffee Maker (Mr.Coffee 12 cup)

40

48.78

Beer (Pack of 6)

12.99

15.84

Cutting Board (Kitchen Details 14” x 11”)

Bread (Nature’s Own)

2.99

3.65

Dishwasher (LG)

Cat Food (Friskies 5.5oz can)

1.19

1.45

Alarm Clock

Cereal (Special K Original 14oz)

4.99

6.08

Plates Set (8 piece)

20.50

25

Chicken (breast per lb)

3.99

4.86

Glasses Set (4 piece)

7.50

9.14

P R E PA R I N G T O M OV E

21.95 1,548

10

14.60

10

12.20

Igloo Wheeled Cooler (54 quarts)

123

150

Coca-Cola (6 pack cans)

4.39

5.35

King Comforter Set (5 piece)

92

112

Coffee (Maxwell House Instant 4oz)

4.89

5.96

King Sheets

50-150

60-182

432-608

526-741

15.50

18.90

Cigarettes (Camel per pack 20)

6

18 1,270

Disposable Diapers (Huggies 22)

11.29

13.77

Lawnmower

Dog Food (Purina dry food 3.5lb)

8.59

10.48

Light Bulbs (4 pack 13w)

Eggs (12 Organic Valley)

6.49

7.79

Microwave (Whirlpool)

190

232

Ice Cream (Ben & Jerrys 1 pint)

6.99

8.39

Paint (Flat interior 1 gal)

33

40.24

Laundry Detergent (Tide 56oz)

16.39

19.99

Pan Set (WearEver 12 piece)

105

128

635

774

Milk (IGA Whole 1 gallon)

4.99

6.08

Refrigerator/Freezer (Height 61 inch)

Milk (Organic whole, 64 oz)

5.99

7.30

Screwdriver Set (6 piece)

22.75

27.30

1,430

1,744

Shampoo (TRESemmé 28fl oz)

5.89

7.18

Stove (Whirlpool 30 inch glass top)

Shower Gel (Dove 12oz)

6.29

7.55

Tall Kitchen Bin (3L)

50

61

Sirloin Steak (Angus Beef per lb)

10.49

12.79

Television (Samsung 65” flat screen)

800

975

95

116

1,395

1,701

Still Water (Aquafina 1 litre)

1.59

1.94

Toaster (Kitchen Aid Stainless Steel 4

Razor Blades (Equaline pack of 3)

5.89

7.18

slice)

Red Wine (Cambria Pinot Noir 750ml)

27.99

34.13

Tampax (Super pack of 10)

3.69

4.50

Toilet Paper (Charmin pack of 4)

3.99

4.86

Tomato Soup (Campbell’s 10.75oz)

1.69

2.06

Toothpaste (Colgate 6oz tube)

2.39

2.92

Expense

Tuna (Bumble Bee 5oz can)

Washer/Dryer (Whirlpool)

Average Apartment House Rental Rates (Mid-range) CI $

US $

1.79

2.18

Studio apartment

800-1,500

975-1,875

White Wine (Pighin Pinot Grigio 750ml)

21.49

26.20

1 bedroom apartment

1,100-2,500

1,175-3,125

Whole Grain Rice (Uncle Ben’s 2lb)

3.99

4.87

2 bedroom apartment

1,500-3,500

1,829-4,201

Yoghurt (Dannon Activia 4 pack)

3.99

4.87

3 bedroom apartment

2,300-4,500

2,804-5,402

3,500+

4,201+

3 bedroom house with garden

Medical Care Expense

CI $

US $

Advil (20 tablets)

6.39

7.79

Dentist Consultation

50-80

61-97.5

Dental Hygienist Cleaning

88-232

107-282

Consultation with a GP (Note: Any procedures are extra)

101-207

97-253

738

900

Hospital Daily Rate Semi-Private Room

492

600

CAYMANRESIDENT 2022

Expense

CI $

US $

Electricity (including A/C)

220

268

Water

90

113

Cable/TV (basic package plus movies)

80

98

Telephone + Mobile (excluding overseas)

110

150

80-90

109

Cleaner - once per week/per month*

200

244

A/C Maintenance – per quarter*

225

274

Pest Control – per quarter*

125

152

Internet Connection

Hospital Daily Rate Private Room

94

Monthly Household Expenses for a 2-Bed Apartment (*optional)

»


THE PROCESS OF MOVING

International Packers & Movers The following companies offer a full international moving service that takes all the stress out of moving. They will organise the whole process for you from professionally packing up your house, organising for your belongings to be shipped to Cayman, sorting out the relevant paperwork, paying the Port Authority and any duty and finally, delivering the goods to your new home in Grand Cayman.

6

www.cicustomsagency.net CUSTOMS BROKERAGE FREIGHT CONSOLIDATION CARGO MANAGEMENT WAREHOUSE AND DELIVERY VEHICLE CLEARANCE

P R E PA R I N G T O M OV E

When it comes to moving to the Cayman Islands, you have three options. The first option is to do 98% of the work yourself by packing up your belongings and arranging for a company to ship your personal items to Cayman. This may be the least expensive option but it certainly isn’t the easiest. You must be prepared to arrange for the items to be inspected and cleared by customs when they arrive in Grand Cayman, pay the Port Authority and have your items picked up and delivered to your new home. The second option is to pack everything yourself and have a freight forwarder organise the collection, shipping and customs clearance on arrival. The third option is to arrange for a moving company to do everything for you from packing up your home, trucking to the port and organising the shipping, to clearing it through customs in Cayman, arranging for delivery to your new home and finally unpacking and set up. If you decide to use a moving company you will need to book it at least eight to 10 weeks in advance. It’s prudent to find out if they are an accredited member of a moving association to ensure that you will have recourse if you encounter any problems. Sort through your personal items and decide what you are going to take, then call the moving company so they can visit your home and work out a quote. Be sure to get any quote in writing, but keep in mind that most expire after 30 days. Next, establish a time frame for your move and confirm that the insurance policy being offered has sufficient protection to cover the cargo for the duration of the journey, i.e. until you take possession at the new destination. You should also discuss the deductible. Ask your mover to provide a copy of the documents with the itinerary, along with an itemised inventory and the name of the receiving agent. Finally, the moving company will

expect payment prior to exporting or shipping your personal effects, as it will be necessary for them to prepay the freight and any other handling and destination charges. Listed next are some locally-based shipping companies, freight forwarders and moving companies who, to one degree or another, can help you move your home or business effects to or from Cayman. Their standard of service is very high.

MOVING CONSULTATION & PERSONAL EFFECTS HANDLING

FULL COVERAGE SERVICE ONE SIMPLE PLATFORM (345) 949 2350

info@cicustomsagency.ky

U.S. Delivery Address: 11401 NW 107th Street Suite: #100 Miami, FL 33178 CONSOLIDATED CONTAINERS TWICE WEEKLY DAILY AIR FRIEGHT SERVICE sales@deluxefreight.com

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P R E PA R I N G T O M OV E

6

Miracle Brokers

and how your shipments arrive whether it’s one

Sta-Mar Enterprises Ltd.

Tel: (345) 949 5989 or USA: 1 (305) 320 4004

item or 100. Whether you’re buying gadgets,

Tel: (345) 949 2399

Contact: Claudia Gonzalez

furniture, kitchenware, a new TV, even a car from

Email: info@stamar.ky

Email: info@miraclebrokers.com

Japan, CICA can assist you with bringing them to

www.sta-mar.com

the Cayman Islands from any forwarder in any

Services include customs clearance and

DHL

country. Contact CICA to set up an account and

brokerage, import and export services for

Tel: (345) 949 8575

start shopping.

personal and commercial shipments, moving

Email: dhlkysales@dhl.com

CICA preferred US forwarder:

services, freight forwarding from Miami and

DHL offers a worldwide door-to-door relocation

Deluxe Freight

pre-clearance for perishable cargo. For all your

service for those moving to Grand Cayman.

11401 NW 107th Street, Miami, Fl 33178

online shopping needs Sta-Mar offers three

Tel: 1 (305) 513 0156 or (345) 949 2350

freight forwarding services to their US delivery

Email: sales@deluxefreight.com or cayman@

address; weekly airfreight, three-day priority

deluxefreight.com

and sea freight all at very competitive rates,

Cayman & Miami-Based Freight Forwarders Freight forwarders facilitate the entire shipping process between Miami and Grand Cayman and vice-versa. When shipping to or from Miami, there are three options you can consider, depending on the quantity. All companies charge by cubic feet, rather than by weight. Firstly, you can book by the container load. Secondly, your belongings can be consolidated with other packages in what’s known as ‘Less than Container Load’ (LCL) and thirdly, there is the small packages service, which is particularly useful if you’re buying items online from vendors that won’t ship to Cayman. If you need this service, you will be provided with a postal address in Miami for your package to be delivered to. It will then be shipped to Cayman. For all three services, the freight forwarder will organise all the paperwork and clear the goods through Customs. The following companies offer this type of freight service. Note: You should contact the office in your country of origin to start the process.

Services

ocean

plus customs clearance and on island delivery

consolidations, daily air shipments and a small

include

twice

a

week

if needed. Customers can track their goods in

package service for cargo 12 cubic feet or less.

real time via Sta-Mar’s online customer portal.

SE E AD PAG E 95

Hyde Shipping Corporation Tel: (345) 947 4933 Email: caymanteam@hydeshipping.com www.hydeshipping.com Hyde Shipping offers a consolidated shipping service whereby you can have your LCL or Online shopping sent to their Miami address and it will be consolidated and shipped to Grand Cayman. They also ship full container loads, cars, boats and heavy equipment with twice weekly sailings to Grand Cayman. SE E AD PAG E 99 Mail Boxes Etc. Market Street, Camana Bay Tel: (345) 745 1400 Email: info@mbe.ky or visit www.mbe.ky Services include: e-Box air cargo shipping with 4-7 business days turnaround, and ocean cargo shipping with 2-4 weeks turnaround from Miami. Just select the appropriate Miami-based address for the service you wish to use. They will handle

Cayman Islands Customs Agency (CICA)

all the customs paperwork and clearance of your

Tel: (345) 949 2350

goods into the Cayman Islands. You get access to

Email: cica@cicustomsagency.ky

a web-based portal and mobile app to manage

CICA is a customs broker with more than 25

your packages. More information, rates and

years of experience in logistics, clearance, and

account creation are available on their website.

the handling of all types of imported goods. Online shopping with CICA is easy with twice

Miracle Brokers

weekly consolidated shipments, expedited

c/o Consolidated Freight and Shipping (CFS)

air services, small package services, customs

10050 NW 116th Way, Suite 9, Medley, FL, 33178

clearance, and delivery right to your home or

Carlos Alvear Tel: (305) 510 6687

office. Order from one, or multiple vendors, with

or Cayman Tel: (345) 949 5989

consolidated services you get to choose when

Email: calvear@wincorpintl.com

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CAYMANRESIDENT 2022

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Shipping by Air All local and Miami-based freight forwarders can also ship by air. Alternatively, Cayman Airways Cargo has an air shipment service which can prove to be a cost-effective shipping option if you are moving from the US. You need to deliver the items packed for shipping to the cargo area at the airport. Once they are delivered in Cayman you will need to either arrange collection yourself or use a customs broker. Excess Baggage If you are only bringing your personal effects with you, other options to consider are using your airline’s excess baggage allowance. Cayman Airways now charges a fee of US$20 on the second bag for economy class passengers travelling to or from Miami, Tampa, Jamaica, Honduras and Cuba. Passengers travelling to or from New York or Chicago will be charged US$25 for the first bag and US$35 for the second bag. If your bags exceed the weight limit of 55lbs, you will be charged. However, more bags can be checked for a fee. Southwest airlines, which typically flies direct to and from Fort Lauderdale, accept the first two checked bags for free, as long as they are under 50lbs. The free baggage allowance on British Airways varies depending on the destination of travel and ticket class purchased. Fees for extra bags are less


if you pay for them in advance online. WestJet charges CAD$35 for the first bag, CAD$60 for the second and CAD$100 each for third and fourth bags. Shipping by Sea Transit time from Florida to Cayman is usually two to three days. You can ship your personal items through a shipping company (see below) or a freight forwarder. Upon arrival in Cayman, you or your freight forwarder of choice will be required to clear the shipment through Cayman Customs and the Port Authority and then arrange delivery.

Email: sales@thompsonshipping.com Ships full containers or LCLs. Their ship leaves the Port of Palm Beach, Florida, for Grand Cayman every Tuesday and Friday. SHIPPING CONSIDERATIONS

Import Duty Visitors and residents that are flying into the Island will no longer have to declare their goods through customs if they do not exceed the CI$500 goods allowance or the alcohol and tobacco quotas. If you’re

entering Cayman to take up employment or residency for a period in excess of 12 months, your personal and household effects are admitted duty-free, although they must be imported within six months of arrival. The six-month period starts the moment you arrive, rather than the date your work permit is approved. For the import of used personal effects, you must complete a ‘Declaration For Unaccompanied Baggage’ form in addition to the Customs Import Entry form and produce proof of residency by way of a

Hyde Shipping Corporation Full containers:

6

1801 SE 28th Street, Port Everglades, FL 33316, USA US Tel: 1 (305) 913 4933 or Cayman Tel: (345) 947 4933

P R E PA R I N G T O M OV E

Email: caymanteam@hydeshipping.com www.hydeshipping.com Less than container loads (LCL): 3740 W 104th Street, Suite 1, Hialeah, FL 33018, USA US Tel: 1 (305) 913 4933 Hydes send both full containers and LCLs to Cayman every Monday and Thursday. SE E AD PAG E 99

Seaboard Marine Cayman 8001 NW 79th Avenue, Miami FL 33166 US Tel: 1 (305) 863 4444 Cayman Tel: (345) 949 4977 Email: info@seaboardcayman.com www.seaboardmarine.com/grand-cayman/ Seaboard ships less than container loads from Miami and Jamaica and full-container loads from Miami, Brooklyn (NY), Houston, Savannah and Jamaica to Grand Cayman. Shipping is also available from the Caribbean, Central and South America, the Far East and Europe. SE E AD T H I S PAG E

Tropical Shipping 9505 NW 108th Avenue, Medley, FL 33178 US Tel: 1 (305) 805 6620 Local Agents: Thompson Shipping Cayman Tel: (345) 949 8044

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work permit or other means. If you can’t import your household items within the six month window, it is possible to ask the Collector of Customs for an extension. You will need to write a letter to PO Box 898, Grand Cayman KY1-1103 or call: (345) 949 4579. Most mail-order items will be charged 22% duty and any gifts sent by family and friends are also subject to duty. Common duty charges can range from 7% to 27%. Below is a list of common items and their duty rate. A full list can be found on https://online.gov.ky/cols/faces/colshtc.

P R E PA R I N G T O M OV E

Customs continually upgrade its systems.

>

Once the Customs entry has been approved and finalised by Customs, payment will have Owen Roberts Drive, Tel: (345) 949 4579, before collection. There is also a Government inspection fee of CI$100 on all containers and CI$0.18 per cubic foot for less than container load shipments.

>

For air freight, you‘ll need to go to the Customs Warehouse on Owen Roberts Drive to collect your shipment. You will pay the warehousing fee, which depends on the weight and/or size of the package,

Books – Free

whichever is greater.

>

For ocean cargo, once the shipment has

Cars – Between 0% and 42%

been released by Customs, go to the Port

Clothing and footwear – 22%

Authority on Portland Road, Industrial Park,

Leather bags – Free

Tel: (345) 949 2055, to get clearance of your

Musical instruments – Free

goods. Once all fees are paid, you can collect

Toys – 22%

your shipment from the Port Authority.

Watches – 7%

They are open Monday-Friday 8.30am-

Antiques over 100 years old - 0%

4.30pm and Saturday 8.30am-12pm. For a

>

Clothing In Grand Cayman there are a reasonable selection of stores, but certainly not as many as in a large city and the prices will likely be more expensive than you are used to. Bring a reasonable amount of warm weather appropriate clothes and shoes with you.

Furniture, Lighting & Appliances Rented condos or homes generally come with all the basic furnishing, lights and appliances needed. If you’re buying a house or apartment, they will also usually come fully furnished, unless they have been newly built. Bring personal accessories and smaller

vary for less-than-container loads (LCL) based on the size and number of pieces in the shipment, calculated at CI$16.65 per 40 cubic feet and CI$7.20 per dock receipt. (Note: these prices are subject to change). Collect your items as soon as possible, as storage is charged after five days.

>

In the event that your goods are to be inspected, you will have to arrange

first need to pre-register on the new

an inspection time with the Customs

Customs Online System (COLS) website

Inspection Unit and have your documents

(www.customs.gov.ky). Once you submit

ready to show what has been declared.

the request they will either approve the what other documents are required. If approved, you will be given a COLS trader identification

number

(TIN)

and

login

information.

>

You will then be able to log in to the COLS website where you must start the nine step process to declare your goods. Supporting PDF documents needed will include invoices and the Bill of Lading/Airway Bill. Confirming the declaration will constitute as your electronic signature which will be legally

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Electrical Appliances Cayman runs on the same electricity system as the US (110/115v), but uses a 3-pin plug. However, the US 2-pin plug will work. If your appliances run on 220v and they don’t have dual capability, they will not work in Cayman.

Here are some basic guidelines to assist you in deciding what to bring to Cayman.

container, the fee is CI$768 and prices will

Before your shipment arrives, you will

registration or they will advise, via email,

Computers, Phones & Tablets Laptops, smart phones and tablets/iPads are dutiable if they were recently purchased overseas. If you are travelling to and from Grand Cayman with electronic devices, you can register them so you are able to prove to Customs that these devices have not just been purchased abroad. Visit www.customs. gov.ky. See the Shopping chapter for details on where to buy electronic goods locally.

Importing Food Small quantities of meat and seafood can be imported as long as it is for personal use only. A ‘Certificate of Wholesomeness’ is required for seafood in excess of 20lbs and can be obtained by applying for an Import Permit from the Cayman Islands Department of Agriculture. Small quantities of meats (up to 25lbs) can be brought in by passengers in their luggage as long as the meat is from an approved country (Read more: www.gov.ky/ portal/pls/portal/docs/1/12702493.PDF), is pre-wrapped under a brand name and has the Official Seal of Inspection of the country’s Meat Inspection Authority. You can bring in coffee and herbs for personal use, as long as they are sealed in their original packaging. No fruit or vegetables can be brought into Cayman in luggage.

20ft container, the fee is CI$384. For a 40ft

Customs Clearance Clearing your household effects through Customs yourself is possible, but it can be quite complex, so we recommend that you do it through a customs broker. They are reasonably priced and know the process inside out. The cost is usually CI$75-$100. If you’d prefer to handle the process yourself, here is an overview of what you need to do:

You may need a light sweater if you will be working in an air-conditioned building or when we are hit with a cold front. Bring a raincoat for the rainy season.

to be made at the Customs Department on

Alcohol - CI$1.95 to CI$15.98 per litre Cameras, binoculars, sunglasses – Free

6

binding. This process is subject to change as

DECIDING WHAT TO BRING & WHAT NOT TO BRING


items, like framed photographs etc. to help your new house feel like your own. Any larger pieces of furniture can be shipped from home later. There are some fantastic furniture and homeware stores in Cayman but think carefully before selling off good quality pieces of furniture or those with sentimental value. If you intend on buying new furniture overseas, you’ll have to pay for the shipping plus 22% duty.

Kitchen Appliances Most rental apartments come with appliances such as a washer/dryer, dishwasher, microwave, refrigerator and oven. A fully furnished apartment should also come with a toaster, kettle and coffee maker but if they don’t, then the local home centres stock these items. Check with your landlord beforehand so you know what will be included.

Wine Individuals can bring a maximum of four litres of wine in their luggage. If you want to import your wine collection from home you must bring it in through a company that has a liquor licence. Regardless of the value of your wine on the open market, the Cayman Islands Government charges the following duty per litre of wine: CI$10.80 for Champagne, CI$7.80 for sparkling wine, CI$3.60 for table wine and CI$5.25 for dessert wine.

6

P R E PA R I N G T O M OV E

Firearms/Weapons It is possible to import a firearm or your firearms collection to the Island, however, the Cayman Islands has very strict laws on the possession of unregistered firearms. It is illegal to possess a firearm without a Firearms Licence authorised by the Commissioner of Police. Punishment for this offence is severe with a minimum of 10 years’ imprisonment. To import, the applicant must complete a Firearms Licence and Import form, which can be obtained from the Royal Cayman Islands Police Service (RCIPS). In addition to providing the various supporting documents, the applicant will be required to declare that their firearm will be stored in a locked box or safe bolted to the wall and floor. The RCIPS reserve the right to inspect the safe, firearm and ammunition at any time. See the Sports & Fitness chapter for details on the Cayman Islands Gun Club. You can also import a bow and arrow or your bow-and-arrow collection but all the same procedures for importing and storing a gun must be followed. The use of spear guns are also regulated. It is illegal to possess, use and import a spear gun without a licence from the Marine Conservation Board.

Medication Be sure to pack at least a month’s supply of medication that needs to be taken daily while you organise your on-Island healthcare. Most medicines are available on Grand Cayman, although they may be sold under another brand name. Ask your GP for the generic names of prescription drugs. See the Health & Wellness chapter for a list of pharmacies.

We can accomodate the needs of every customer, large or small. • Twice weekly sailings from PEV to GCM • Dry and refrigerated cargo • LCL (less than container load) & FCL (full container load) • Consolidations • Boats/Automobiles • Heavy equipment • Pallets, boxes and crates

345-947-HYDE (4933) | caymanteam@hydeshipping.com 90 Godfrey Nixon Way | www.hydeshipping.com

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Immigration Passports & Domicile

I M M I G R AT I O N & PA S S P O R T S

7

Entry for Visitors/Tourists New Arrivals without Cayman Connections 1. Work Permits a) Full Work Permit (FWP) - Standard Term Limit (9 Years) - Registering a Job on JobsCayman - Change of Employer, Promotions - Dependants of a Work Permit Holder b) Temporary Work Permit (TWP) c) Business Visitor’s Permit 2. Government Contracted Workers 3. Special Economic Zone Certificate 4. Global Citizen Certificate 5. Student Visas 6. Certificate of Direct Investment 7. Business Presence Residency Certificate 8. Residency for Independent Means 9. Certificate of PR for Independent Means

100 101 101 101 101 102 102 103 104 104 105 105 105 105 105 106 106 106

Existing Residents with Cayman Connection 1. Permanent Residency a) Residency with the Right to Work (PR) - Permission to Continue Working - The Next Step for Permanent Residents - How to Appeal a PR Refusal b) Residency as the Spouse of a PR c) Residency as the Dependant Child d) Residency as the Spouse of a Caymanian - Death or Divorce from a PR 2. Residency by Entitlement of a BOTC 3. Naturalisation 4. Acquisition of the Right to be Caymanian - Spouse & Children of Caymanians - Marriages of Convenience

107 107 107 109 109 109 109 110 110 110 110 110 111 112 112

Immigration Services & Consultants Visas & Passports UK & US Domicile & Tax Status

113 113 115

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Photos courtesy of Rebecca Davidson and Bryan Winter

An overview of work permits, employment rights certificates, permanent residency, visas and domicile.

ENTRY FOR VISITORS/TOURISTS

At Cayman Resident, we are often asked how many days one can stay in the Cayman Islands as a visitor. Under the law, a person who has no other basis to enter the Cayman Islands (i.e. a Work Permit) and with no right to residence may be admitted into Cayman as a visitor for up to six months, with extensions permissible in rare circumstances thereafter. However, many people arriving in Cayman will be permitted entry for an initial 30 days only, unless they own property in which they will be staying and can demonstrate an ability to maintain themselves during their stay. If a person is admitted as a visitor and they want to stay longer, and an extension beyond 30 days was not approved on initial arrival, then they have to go to Customs & Border Control (CBC), located on 94A Elgin Avenue in George Town, before their time runs out, fill out an extension form and request to remain longer. This process can now be done online at www.cbc.gov.ky. Fees of CI$50 are payable for the first extension and CI$100 for each further extension. Note that it can get quite expensive after a few months! However, if you plan well in advance and come prepared with a letter showing you can support yourself, have health insurance and have somewhere to live, you may possibly be given a longer period to stay upon landing. If a visitor is arriving for a significant period, like many of our returning ‘snow birds’ do over the winter period, then they will generally be admitted for up to six months. For this, they must show the entry officer their return ticket, a very recent bank or investment


statement showing that they have sufficient funds to support themselves and a hotel/ condo reservation or a lease. This paperwork is looked at very discreetly and returned to the visitor. If the visitor owns a home in the Cayman Islands and can show the Land Register, then a six-month permission will be granted to them and other visitors travelling and visiting with them. Entry to Cayman Since COVID-19 At the time of writing (September 2021) the Government has pushed back Cayman’s border reopening until 2022. We hope as a greater percentage of Cayman residents get vaccinated and the vaccination records of overseas travellers can be properly verified, the Government will provide more concrete timelines in due course. For the latest status of ‘Cayman’s Phased Border Reopening Plan’ visit www.caymanresident.com.

If you are looking to move to the Cayman Islands and are neither Caymanian, nor married to a Caymanian, nor married to a work permit holder, permanent resident or in a civil partnership with one, below are the normal ways you can become legally resident: 1) Work Permits

a) Full Work Permits (FWP)

b) Temporary Work Permits (TWP)

c) Business Visitor’s Permit & Visitor’s

Work Visa

2) Government Contracted Workers 3) Special Economic Zone Certificates (SEZ) 4) Global Citizen Certificate 5) Student Visas 6) Certificate of Direct Investment 7) Residency Certificate (Substantial Business Presence) 8) Residence as a Person of Independent Means 9) Certificate of Permanent Residence for Persons of Independent Means

It is worth noting that an overriding principle of Cayman Islands Immigration legislation is that employment and career opportunities are offered to Caymanians before any other nationality. Caymanians

1. WORK PERMITS Despite being a British Overseas Territory, the Cayman Islands are not part of the United Kingdom. Therefore, no advantage is given to British nationals over any other nationality. However, not every foreign national working in the Cayman Islands needs a work permit. There are specific categories of persons who are exempt from the requirements, for example, Cayman Islands Government employees. Others can be exempted subject to strict requirements, for example, journalists representing a recognised news organisation and nonexecutive directors of companies carrying on business in the Cayman Islands are allowed to attend board meetings, provided they remain in the Cayman Islands for no longer than ten days. A few other examples of people and activities that are exempted include: visitors who are coming to Cayman to organise, attend or speak at a conference or seminar; those representing an overseas educational institution who have come to promote or interview applicants for places, and those visiting for the purpose

of servicing or repairing products under warranty. a) Full Work Permit (FWP) These allow a person to work and remain in the Cayman Islands for a specified period of time. All work permit fees are the responsibility of the employer. The law prohibits employers from requiring employees to pay any part of such fees. Annual fees range from nil (for positions in education) to up to CI$32,400 for the most senior positions in the legal industry. It is an offence for any non-Caymanian engaging in gainful occupation (and who is not expressly exempted from the work permit regime) to engage in gainful occupation in the Islands without a work permit or alternative permission. Prior to granting or renewing a permit, the relevant Board or the Director of WORC will need to be satisfied of a number of matters including: the need to engage the services of the prospective worker, attempts to find a Caymanian or other person who is already legally resident to fill the role; the character of the worker and the protection of local interests. The person is also required to have proficiency in the English language if from a nonEnglish speaking country. Many skilled workers are granted a permit for between two and five years, with a renewal fee payable each year. Note that work permits for self-employed people are only issued in exceptional circumstances. Employers, in the private sector, but excluding those employing household staff, must hold a valid Trade & Business licence. Standard Term Limit (9 Years)

All foreign nationals gainfully employed in the Cayman Islands are currently entitled to be considered for the grant of a work permit for up to nine years. After eight years, most residents are assured of the right to apply for Permanent Residence. After nine years, foreign nationals who are subject to a nine-year term limit and have not applied for Permanent Residence will generally not be granted any form of work

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7

I M M I G R AT I O N & PA S S P O R T S

NEW ARRIVALS WITHOUT CAYMAN CONNECTIONS

are given preference over similarly qualified expatriates and employers must generally take steps to provide training opportunities to Caymanians who have the potential to fill a particular position. With the reality that Caymanians have already become a minority in their own Islands, efforts are made to ensure that a balance of other nationalities exists, so that no other nationality is culturally or numerically dominant. If a Caymanian cannot be found for the position, then preference in employment opportunities is required to be given first to the holders of Residency and Employment Rights Certificates who are married to Caymanians, next to Permanent Residents with the Right to Work and finally, to other persons who are already legally and ordinarily resident in these Islands, including existing work permit holders and their approved dependants. As a general rule, only if these categories of persons are unavailable for a position will a permit be granted to a person who is from overseas.


I M M I G R AT I O N & PA S S P O R T S

7

permit until they have ceased to be resident in the Cayman Islands for at least one year. In most instances, this means they will be expected to leave the Cayman Islands for a minimum of 12 months before they can be granted a new work permit. Visits in the intervening period for vacation and the like as a genuine tourist visitor do, however, seem to be generally permitted. Note: there are exemptions to the term limit provisions. For example, a person married to a government worker, or a person whose term limit is set to expire after their spouse’s, can arrange for their permit to be renewed until their spouse’s term limit is reached. In order to understand the reasoning behind the Government’s creation of limits on work permit terms, it is helpful to know the history of the population increase in this diverse community. The Cayman Islands have undergone a dramatic change since the early 1970s. At the start of that decade, the population was approximately 10,000 people and now, 50 years later, there are indications that more than 70,000 people now live in the Cayman Islands. Much of this dramatic increase has come about as a result of foreign nationals settling on the Islands and obtaining permanent rights of tenure. With that change has come not only strains on the infrastructure, but a recognition amongst generational Caymanians that their culture might be overwhelmed if the process is not managed correctly. There is also a perception by many Caymanians that their participation in the success of Cayman is diminishing. Whilst the people of the Cayman Islands are welcoming towards foreign nationals, there has been a realisation that continuing to invite ever increasing numbers of individuals to acquire security of tenure and become permanent inhabitants of Cayman is unsustainable. Even with the hurdle of Term Limits, the population growth has continued at an accelerating pace. Registering a Job on JobsCayman

It is now a requirement that all jobs are registered on the jobcayman.worc.gov. 102

CAYMANRESIDENT 2022

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ky web portal prior to applying for or renewing a work permit. The first thing you need to do is register your company and then you can register the specific job that you are trying to fill. Very detailed steps can be found on the Cayman Resident website, but if you are having problems, then call WORC on (345) 945 9672 and someone will talk you through what to do. You can then either email the work permit documents to WORCpermitsubmissions@ gov.ky or drop them off at WORC’s office on Mary Street. Required Forms

All immigration permit forms and instructions can be downloaded from WORC’s website, www.worc.ky. Please note that an original Police Clearance Certificate (and a certified translation if not in English) is required. At present, there is a general expectation of there being a raised seal on such documents. Translations are generally required to be provided through an approved translator. Make a copy of all the paperwork submitted and keep it on file for the rare occasion that the paperwork is lost by the WORC. Police Clearance Certificates (for persons already resident in Cayman for six months)

These forms must now be requested online: 1) Visit www.eservices.gov.ky and click on the ‘Apply for a police clearance certificate’ tab. 2) Fill in the form. 3) Upload the picture page of your passport and a current work permit stamp for work permit holders. 4) Request for the police clearance to be emailed to you or mailed to you. The former takes 2 days and the latter about four weeks. 5) Pay CI$25 per police clearance. Medicals for Immigration Purposes

All work permits over three months in duration, including work permit renewals, Permanent Residency and Caymanian Status applications must be accompanied by a completed medical questionnaire. Spouses and children over the age of 18 must also submit a

medical questionnaire. Among other things, the medical report will require you to take a blood test and furnish lab reports with HIV and VDRL tests included. You will also need a chest X-ray. Medical examinations are required on first application and once every three years thereafter. Lab tests have to be repeated with each medical exam but chest X-rays are only required once every five years. Getting a medical done is a very simple process and can be completed in 30 minutes in Cayman. A medical questionnaire that is completed overseas and in a foreign language must be translated into English and the translation certified as a true copy of the original. Change of Employer, Promotion or Redesignation

Subject to some exceptions, the holder of a work permit may not change his/her employer for the duration of a permit. Changing employers upon the expiry of a work permit is permitted, although a release letter from the previous employer is usually requested before the relevant board or WORC official will grant a permit in favour of a new employer. Protections are in place to prevent expatriate workers from falling victim to unscrupulous employers and WORC will assist workers as appropriate in relevant circumstances. During the duration of a work permit, the holder may not be promoted or re-designated without their employer notifying the relevant board (or director of WORC) and formal consent being received. This restriction is intended to protect opportunities for Caymanians and to ensure that due revenue is collected. Applications must be made well in advance, with new positions not started until after all required approvals have been forthcoming. Rules on Residing on-Island Whilst a Work Permit is Processing

WORC generally requires that you be offIsland while a Full Work Permit (FWP) or Temporary Work Permit (TWP)


application is in process. Therefore, do not book your flight until your permit has been approved or in normal circumstances you will risk being asked to leave again.. Further, although the vast majority of applications are approved without issue, there can be no guarantee that any application will be ultimately successful. However, if you are already on-Island and are switching from one employer to another you may not need to leave the Island while your new work permit is processing. Having said this, you should make sure that your release letter from your current employer is dated to take effect on the exact date on which you hope to be authorised to commence gainful occupation in the service of your new employer. If this is not possible, then you may be required to get a Visitor’s stamp in your passport when your current work permit is cancelled, to avoid any prospect of you being labelled as an overstayer. Dependants of a Work Permit Holder

7

• Relocation I M M I G R AT I O N & PA S S P O R T S

The relevant Immigration Board has to be satisfied that the worker has sufficient income available to adequately support any dependants. Currently, the Board would expect to see a minimum monthly household income in the region of CI$3,500 for one dependant to be included, with an increase of CI$500 for each additional dependant. This is a guideline only. In every case, the character, reputation and health of your dependants is taken into consideration, as well as whether you can comfortably afford to feed, house, educate and maintain them in the Islands. The possibility is that you will be granted a work permit, but your children will not be allowed to accompany you if your income is considered insufficient. For a complete breakdown of the immigration rules for children born in or residing in Cayman to expatriates, please see the Cayman Parent 2022 magazine, which has an extensive section on this subject. Each year, a fee of CI$250 will be collected for each dependant of a worker in the unskilled category and CI$500 for each dependant of a worker in the skilled category. It appears to be open to the employer and the employee to agree between them who will pay for this as it does not constitute part of the Work Permit fee. A non-refundable fee of CI$200 per person is also collected for repatriation. Either you or your employer can submit the letter applying for your spouse or children to be a dependant on your work permit, but your employer must submit a letter indicating the number of hours per week you work, your monthly income and any other benefits you receive. If each parent is working, then the employers of both must provide a letter. If your family members are not added as dependants, then they can only stay here as temporary visitors. Note that only the following can be dependants of a work permit holder: spouses, children (including step and adopted children), grandchildren, parents, step-parents, grandparents, brothers, sisters (including half-brothers and halfsisters) and civil partners. This means that girlfriends, boyfriends and fiancées cannot be listed as dependants on a person’s Work

HSM is a full-service law firm in the Cayman Islands. Whether you are a business or an individual with a need for Immigration, Employment or Property guidance, HSM’s team of dedicated attorneys have extensive and market leading experience in the identification and implementation of effective solutions.

• Immigration Applications • Immigration Appeals • Company Incorporations • Business Licensing • Special Economic Zone Enterprises • Employment • Property

For further information, please contact:

Nicolas Joseph Partner HSM Chambers +1 345 815 7425 njoseph@hsmoffice.com

Choose the Experts. Choose HSM.

+1 345 949 4766

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Permit. However, the Cayman Islands now generally recognises legally married samesex spouses as dependants. If a girlfriend or boyfriend comes to the Island without their own work permit, they will be allowed in as a visitor and in all likelihood will be given as little as 30 days to stay. It would help their case if they arrived at the airport with a letter from their ‘sponsor’ (the permit holder) that says that they will be supported while they are here. If they come in with this letter, they might be given a total of three to six months to stay. Stays of longer than six months in any calendar year by any person classed as a visitor are, in normal circumstances, unlikely to be permitted.

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Dependant Children Over 18 Years

Dependant children of work permit holders can only remain on a parent’s work permit after the age of 18 if they are a) in fulltime tertiary education or b) in special circumstances (such as the child is unable, for medical or other exceptional reasons, to maintain themselves). Should your child turn 18 before they finish secondary school, the Immigration authorities will usually allow your child to remain in Cayman, although not formally as a dependant on your work permit, until they complete their secondary education. However, if your child chooses not to go on to university or college, and they want to continue living in the Cayman Islands, then their only option may be to try and get a work permit. At this point they are competing with every Caymanian and Permanent Resident school leaver who will have precedence over them, placing them at distinct disadvantage in seeking job opportunities. See further in this chapter for rules on children of Permanent Residents who are over the age of 18. Divorced or Divorcing Couples

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presence of children is not contemplated by the Immigration Law. Children in such circumstances can remain as approved dependants of the parent who is on a work permit or government contract, and continue to attend full-time education until adulthood (as late as 24 if attending university). However, the formerly dependent parent will likely only be able to remain if they obtain their own work permit (including through the Special Economic Zone regime) or government contract; or alternatively secure some form of residency as a person of independent means. They may be permitted to remain as a tourist, but remaining in such a capacity for more than 90 days can present difficulties, and no permission ought to be expected after six months in any year. On the other hand, the former spouse of a Caymanian, who is the parent of Caymanian children, will usually be allowed to remain (subject to various approvals) and be permitted to work until the children complete their education or their 24th birthday, whichever happens sooner. See further in this chapter under Permanent Residency (PR) for details on those with PR divorcing and the immigration implications it can have on you depending on your residency status. b) Temporary Work Permit (TWP) In appropriate circumstances and upon suitable application, the Director of WORC or their designate may grant a Temporary Work Permit to an individual, permitting them to engage in gainful employment in the Cayman Islands. Such permits, if granted, range from terms of one month up to a maximum of six months and generally cannot be extended or renewed. An eight-month permit, “A Seasonal Work Permit”, which can span the high season in the tourism industry, is also available. These cannot be extended or renewed. While Temporary Work Permits are often used as a bridge between the arrival of an expatriate worker and the issuance of their Full Work Permit, their use (save in

exceptional circumstances) for persons who are not genuinely intended to be temporary employees is discouraged. Nevertheless, where urgency is required in the granting of a work permit, seeking and gaining of permissions, the authorities will tolerate the use of the Temporary Work Permit regime to achieve expedition. Notes on a TWP: 1) A medical questionnaire is only required if the permit is being sought for more than three months; 2) There is no prohibition on applicants for TWPs having dependants; 3) TWP applications can be expedited on payment of an ‘express fee’, which can, in normal circumstances, guarantee initial processing within 48 hours. See worc.ky for necessary forms needed. Anticipated changes in the system, which are expected to reduce the application time for Full Work Permits to two weeks, will likely significantly reduce the ability of employers to rely on Temporary Work Permits for Full-Time positions. c) Business Visitor’s Permit & Visitor’s Work Visa Any business in Cayman that regularly needs workers to come from overseas to work for no more than 14 days on any particular visit may seek to apply for a Business Visitor’s Permit allowing such individual(s) permission to work for a specified number of visits per year, subject to strict limitations. These Business Visitor’s Permits are not available for people attending for one visit only. There is also a category of Visitor’s Work Visa, which permits individuals who are employed outside of the Islands, and who wish to visit for up to five calendar days at a time, in order to engage in commercial activity with a locally licensed entity or person (a ‘sponsor’), to apply for the grant of a Visitor’s Work Visa. To obtain a grant on arrival, the local business or visiting worker must download a ‘Letter of Invitation’ form from the immigration website and email it to imm-vwv@gov.ky at least 24 hours


2. GOVERNMENT CONTRACTED WORKERS Any person employed as a Civil Servant by the Cayman Islands Government, or employed by other prescribed employers, including the Government of the United Kingdom, does not require a formal work permit, and will have appropriate permissions for them, and approved dependents, to live in the Cayman Islands stamped into their passports. Whilst no Term Limit is currently applied to such persons, they are eligible to apply for Permanent Residence pursuant to the points system, once they have been resident in the Islands for more than eight years. Care must be taken to ensure that any dependant children are able, should they wish, to remain resident in the Cayman Islands in the event that they cease to be classed as dependants on their parent’s Government contract. 3. SPECIAL ECONOMIC ZONE CERTIFICATE (SEZ) These certificates are in effect a special

category of work permit. They are only available to employees of entities (“Special Economic Zone Enterprises”) established within Cayman Enterprise City’s SEZs which include Cayman Tech City, Cayman Commodities & Derivatives City and Cayman Maritime & Aviation City. Zone Certificates enjoy certain advantages over traditional work permits, including in many instances, a lower cost to employers, and an exemption from any requirement to prefer Caymanians or other legal residents for any employment. Accordingly, no advertising is required as part of the application process and the permissions are capable of being granted in only a few weeks. Applications are available from Cayman Enterprise City and from a number of local law firms, who assist enterprises establishing within an SEZ. See the Running a Business chapter for more information on Cayman’s SEZs. 4. GLOBAL CITIZEN CERTIFICATE Although coming to a close for new applicants, for the last two years the Global Citizen Certificate has allowed people with financial independence to relocate to the Cayman Islands and work remotely, while living and enjoying Cayman. For many this was a straightforward and cost effective way to dip a toe into all that Cayman has to offer, while enjoying all the benefits of formal residence. The two-year Certificate is still running for all those that applied before the deadline of October 31st 2021 and who could demonstrate that their existing (and anticipated ongoing) employment was based outside of the Cayman Islands. The criteria for eligibility included a demonstrable annual income of no less than US$100,000 for a single person, US$150,000 for a couple, and US$180,000 for an applicant and spouse and children. The holders of these certificates are expected to reside in the Cayman Islands for a minimum of 90 days each year. The Government fees are US$1,469 per annum for an applicant and spouse, with a further US$500 payable for each dependent. Prior to the expiry of any

Certificate it is anticipated that the holders will be provided with the opportunity to transition into alternative immigration permissions. Accordingly, it is expected that it can form a part of the initial stages towards ultimate citizenship. In case the programme is continued beyond October 31st 2021, here is the online application: https://www.visitcaymanislands.com/enus/global-citizen-concierge/apply-now/ application-form. 5. STUDENT VISAS A non-Caymanian who is 18 years of age or older, seeking to enter the Cayman Islands to attend a recognised educational institution on a full-time basis, may be granted a student visa. The student should be self-sufficient or provide proof of support from other means. They must also submit a medical questionnaire and a police clearance certificate when applying. The application process generally takes four weeks. The student visa does not allow the student to engage in any gainful occupation. The student is expected to leave the Cayman Islands on completion of the programme. Student visas can be granted for a period of up to four years but may be extended for a further 12 months. A person on a student visa may, after the proper application, have a dependant added to their application and can seek other permissions simultaneously with or following, their student visa’s expiry. It is possible, in appropriate circumstances, for a student to be given a visa to study online whilst in the Cayman Islands, even though the institution is not itself physically here. 6. CERTIFICATES OF DIRECT INVESTMENT Wealthy individuals who are in a position to invest a substantial sum in an employment generating business or businesses in the Cayman Islands, may wish to participate in an incentive scheme intended to attract investors and their dependants. Such persons may, provided they can demonstrate an investment (or imminent investment) of a minimum

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before they are due to arrive. It should be noted that once approved, the person will be required to pay CI$100 at the airport. The Visitor’s Work Visa is not available to those who are employed in a professional capacity (lawyers, accountants, medical professionals, architects, surveyors, teachers and other occupations) or who are otherwise not entitled to a work permit by virtue of having reached their term limit. The Visitor’s Work Visa also does not exempt someone from the requirement to obtain an entry visa if they possess a passport from a country that would otherwise require a Visitor’s Visa to enter the Cayman Islands. In addition, a business visitor may not hold more than one Visitor’s Work Visa in relation to the same sponsor or sponsors within the same calendar month, but, unlike a Business Visitor’s Permit, a Visitor’s Visa may be used for a single visit. Visitors Work Visas are dealt with by Customs and Border Control, not WORC.


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of CI$1,000,000 in an employment generating business (or businesses) on the Island, apply to the Director of WORC for a Certificate of Direct Investment. Approval-in-Principle Certificates which are valid for six months are available prior to applying for a full certificate. Full certificates are valid for 25 years and are renewable. Such a certificate entitles the holder to reside in the Cayman Islands and to work in the business or businesses in which the holder has invested. The spouse and dependent children (where applicable) of the holder of a Certificate of Direct Investment will, on successful application, be granted a Direct Investment Holder’s (Dependant’s) Certificate, permitting them to reside in the Islands for the duration of that certificate. The application fee is CI$1,000 with a further CI$20,000 payable on issue of the certificate with an additional CI$1,000 payable for each approved dependant. 7. RESIDENCY CERTIFICATES (SUBSTANTIAL BUSINESS PRESENCE) A Residency Certificate (Substantial Business Presence) is available to individuals who either own at least a 10% share in an approved category of business or will be employed in a senior management capacity within such a business. In each case, the business must have a substantial presence in the Cayman Islands. It is designed and intended to be less onerous than the more established option of a Certificate of Direct Investment and is not limited to owners of the business. Approved categories of business include: fund administration, brokerage services, investment and fund management services, investment banking, financial trading (including foreign exchange, securities and derivatives), captive insurance or reinsurance management services and underwriting, actuarial services, insurance claims management, family office, hedge fund administration, any business in Cayman Brac providing back office support, and any company registered as 106

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an exempted company under section 164 of the Companies Act (2018 Revision). It is expected that people in these positions would fill a senior management capacity and therefore ordinarily attract an annual work permit fee of CI$20,925 or above (or CI$5,000 or above if based in Cayman Brac). Provided the Director of WORC is satisfied that the applicant and any spouse have clean criminal records and that they and any dependants are in good health and possess adequate health insurance, as well as fulfilling the other requirements, then the applicant will be issued a 25 year Residency Certificate. A grant fee of CI$5,000 is due on issuance, with a further CI$1,000 payable in respect to each approved dependant. In addition, Certificate holders are required to pay an annual fee equivalent to that payable by a work permit holder in the same occupation. 8. RESIDENCE AS A PERSON OF INDEPENDENT MEANS For foreign nationals not wishing to work in the Cayman Islands but simply wishing to have the right to reside, there are alternative options. In particular, one can apply to the Director of WORC for a Residency Certificate which is valid for 25 years and is renewable. To reside in Grand Cayman, the person must show proof of an annual income of at least CI$120,000 (without engaging in employment in the Cayman Islands) along with an investment of CI$1,000,000 (of which CI$500,000 must be in developed real estate). The “remaining” CI$500,000 must be invested in a company or property – and simply holding assets with a broker or monies in a local bank account (whilst encouraged) do not count for these purposes. Investing in a local business, or even one which has shares publicly traded such as Caribbean Utilities Company can count. Most often, applicants will simply buy a substantial home (or a number of apartments) and immediately meet the requirement. A deposit maintained in a local bank or institution of no less than CI$400,000 deems an applicant to have sufficient funds

(and income) to maintain themselves and their dependants. Alternatively, they will generally be expected to prove an annual income of no less than CI$120,000, without needing to work. To become resident in Little Cayman or Cayman Brac, proof of an annual income of CI$75,000 without the need to be employed in the Cayman Islands is required, as well as an investment of CI$500,000 locally, of which at least CI$250,000 must be in developed residential real estate. Whichever Island is to become your home, there is a one-time fee payable on grant of CI$20,000 and a further CI$1,000 payable for each approved dependant. The initial application fee is CI$500. The CI$1,000 dependant’s fee is then payable annually. The process of applying for a Residency Certificate is relatively straightforward although at present requires approximately six months to be processed. Legal fees for this option are unlikely to exceed US$8,000. Please note that with this form of Permanent Residency you can never claim to have changed your Domicile of Choice. Please consider this if you are trying to change your domicile permanently. If this is the case then you should seek the Certificate of Permanent Residency. 9. CERTIFICATES OF PERMANENT RESIDENCE FOR PERSONS OF INDEPENDENT MEANS This is the ultimate permission which can grant Permanent Residence with the right to resident permanently in the Islands for the rest of ones life. It is based on investment, rather than on waiting eight years to become eligible to apply, subject to a points system, for Permanent Residency. Unlike Residency for Persons of Independent Means, this option has no expiry date and qualifies the holder (upon certain criteria being met) to become eligible for Naturalisation as a British Overseas Territories Citizen (BOTC) once they have been resident in Cayman for five years. Once naturalised they are entitled to a BOTC (Cayman Islands) passport. Upon


with an annual fee thereafter payable, equivalent to a Work Permit fee, for as long as employment is maintained, or until the individual becomes a Caymanian.

c) Based on being the Child of a Permanent Resident d) Based on being the Spouse of a Caymanian 2. Permanent Residency (without the Right to Work) as a British Overseas Territories

Enforcement

Citizen registered by entitlement by virtue of a

Breaches of the Immigration Law are treated as quasi-criminal by the Department of WORC and can have very serious consequences for all concerned. Overstaying, working (or employing someone) without or outside of the terms of permission granted may result in arrest and prosecution.

connection with the Cayman Islands

EXISTING RESIDENTS - CAYMAN CONNECTIONS

For those expatriates with a connection to the Cayman Islands various options may be available (in addition to the above). These are as follows: 1. Permanent Residency with the Right to Work a) Based on application made after 8 years of living in Cayman b) Based on being the Spouse of a Permanent Resident

3. Naturalisation 4. Acquisition of the Right to be Caymanian.

1. PERMANENT RESIDENCY WITH THE RIGHT TO WORK a) Based on application made after eight years of living in Cayman Almost all persons who reach eight years of continuous legal ordinary residence in the Cayman Islands are eligible to apply for Permanent Residence with the Right to Work. Applicants are assessed under a points system which seeks to be as objective and transparent as possible, and those achieving 110 points or more are assured of a grant. If you are successful in gaining a Certificate, then you must annually submit a declaration in respect of your job,

LEGAL SERVICES

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further application, they can become a full British Citizen. Neither Cayman nor the United Kingdom require the surrenderof any existing citizenship. Finally, once a person has been a BOTC citizen for five years they can apply to become Caymanian. In order to qualify for the Certificate of Permanent Residence for Persons of Independent Means, applicants will be required to have invested a minimum of CI$2,000,000 in developed real estate and possess sufficient financial resources to maintain themselves and their dependants. An applicant will also need to demonstrate that they and their dependants are in good physical health and of good character. The number of these types of certificates is restricted to an annual quota of 250 set by the Cabinet. The application fee is CI$500 with a further CI$100,000 due upon grant and an additional CI$1,000 payable per dependant. The CI$1,000 dependant’s fee is then payable annually. The right to work in an approved occupation can be gained subsequently


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investments and other factors including the status of your dependants. There is a condition whereby if the Certificate holder sells an investment that was listed in his/her application for PR, then they must purchase an alternative qualifying investment within 180 days and inform the Board with the details of the transaction, within 30 days.. An unsuccessful applicant will be given a permission to continue working for no less than 90 days, following which they will be expected to leave the Islands. An application for Permanent Residence with the Right to Work can be administratively onerous although applicants, particularly those individuals who prepare over the years leading up to it, are likely to find their application successful. Under most conditions, if an applicant is successful, then they can remain in the Cayman Islands indefinitely, provided an annual fee is paid by them or their employer which is the equivalent to the fee paid for a full work permit. They can work for any employer, although limitations are placed on the specific role which they are entitled to fill. Variations may be granted with the prior approval of the Caymanian Status and Permanent Residency Board or Director of WORC. Factors considered in a Permanent Residence application include: >

>

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Your Occupation; Including Whether it is

>

available under this factor.

Community Life chapter to get other ideas

Local Investments: Investment in Cayman

of where to get involved. You may be

Islands real estate and/or in a locally

eligible for slightly higher points if you can

licensed company has the potential to

demonstrate that you have been training

generate up to 30 points. The total amount

or mentoring Caymanians, especially if the

paid towards such investment(s) (including

mentoring is outside of normal work hours.

the full amount of any mortgage payments,

>

>

asked 40 multiple choice questions and

and stamp duty paid) is assessed relative

will receive half a point for each correct

to an applicant’s income over the prior

answer. The questions on the test have

five years. This is subject to a minimum

generally been taken from The Cayman

threshold of CI$50,000. Investments in

Islands in Transition (by J.A. Bodden; Roy

excess of CI$500,000 are guaranteed

Bodden), Founded Upon the Seas: A History

maximum points.

of the Cayman Islands and Their People

Financial Stability: Evidence of savings

(by Michael Craton), Foundation - The

held in local bank accounts (again relative

Arts and Culture of the Cayman Islands

to income) generates points. The maximum

Volumes 1-4 (Cayman National Cultural

15 points available will be awarded to any

Foundation), Caymanian Expressions: A

applicant who can demonstrate that they

Collection of Sayings and Expressions Used

have (and have maintained) in excess of

in the Cayman Islands (by Kevin M. Goring)

5% of their last 12 months income in a local

plus the media as well as community and

bank account. Further additional points are

cultural events. The University College of

based on annual salary and income. By way

the Cayman Islands is offering a four-week

of example, a person earning CI$55,000

course that covers the history, culture,

each year will (generally) be awarded seven

political system, general facts and the

points. However, in calculating the points

evolution of the economy of the Islands.

available for a given salary a deduction

>

Close Caymanian Connections: Having a

is made from the salary in respect of

close relative who is Caymanian will result in

dependant children. Of vital importance is

an automatic award of points. The amount

your ability to provide for the healthcare

of points vary depending on the nature of

and educational needs of your family. >

History and Culture Test: You will be

the cost of renovations, where applicable

the relationship.

Community Involvement and Integration

>

Demographics and Cultural Diversity:

“Priority” in Nature: 15 points are presently

into the Caymanian Community: Up

Points are awarded based on an applicant’s

available for each and every occupation,

to 20 points are available. By way of

country of origin, provided their nationality

with (at least theoretically) another

example (provided more than 35 hours are

is below 10% of the number of work permits

15 bonus points available in relation to

spent over a year in relation to relevant

in force. At present, Jamaicans and Filipinos

occupations which have been determined

participation) two points will be awarded for

are ineligible for points: citizens of those

by the CI Government to be “Priority” in

each year an applicant has been engaged in

countries already comprise approximately

nature. No list of “Priority” occupations has

relation to the rehabilitation of offenders,

42% and 13% of work permits in force in

been published as at time of writing.

whilst participation and assistance in a

the Cayman Islands. UK nationals presently

Education, Training and Experience: A point

local service club will generate 1.5 points

comprise approximately 6% and can expect

is available for each year of experience that

for each year. Other points can be gained

as little as 5 points. Citizens of all other

an applicant has been in their role (after a

through charitable donations. Working

minimum threshold of two years with a max

with children and vulnerable adults may

of 10 years). Points are also available based

grant more points to your contribution to

points depending on their age. The most

on levels of academic or other qualification

the community. Outstanding initiatives

“desirable” bracket is in respect of

relevant to their occupation or role. For

to get involved in include the Aim Higher

applicants aged between 25 and 35. Ten

example,

mentoring programme (email: pamella.

points are awarded for persons falling within

persons

with

professional

qualifications are eligible for 15 points,

mitchell@kobrekim.ky)

whilst possessing an Associate’s degree

(Literacy is For Everyone) programme

will garner 8 points. A total of 25 points are

(email: volunteer@life.org.ky) or see the

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and

the

countries can presently expect 10 points.. >

LIFE

Age: Applicants are eligible for varying

this range as at the date of application. >

Deductible Components: Points can be lost in defined circumstances including where


an applicant suffers from a contagious

The Next Step for Permanent Residents

mistreated fellow workers, or where they

Many people have asked what happens next once someone has been granted Permanent Residency (PR). Below we explain.

do not have an adequately funded pension.

>

disease that could make them a danger to the community, are proved to have

Permission to Continue Working (PCW)

When a person applies for Permanent Residency, he/she must apply for and be granted Permission to Continue Working (PCW) before any existing work permit expires, otherwise they will have to cease work when their latest permit expires. If the applicant’s final work permit has already expired, they are not entitled to work whilst awaiting the outcome of their application for permanent residence, until they have a ‘PCW’ stamp in their passport. A ‘PCW’ stamp attracts the same fee as a six month work permit and must be renewed every six months while the application is pending. Most Permanent Residence applications are presently dealt with within nine months.

Naturalisation:

Once you have been

granted PR you only need to wait 12 months from the date of approval, and then you can apply to be naturalised on the grounds of residency. This is an essential step if you would ultimately like to apply for Cayman Status (other than on the basis of being under 18 and the child of a Caymanian, or the spouse of a Caymanian). Please see the Naturalisation section in this chapter for more information on the process. >

The Right to be Caymanian (Caymanian Status): Once you are naturalised and five years have passed (or you have been resident in the Cayman Islands for 15 years, whichever happens earlier), you can apply for Caymanian Status. Please see the Right to be Caymanian section in this chapter for all the details.

How to Appeal a Permanent Residency Refusal

If your PR is turned down the first thing you have to do is decide whether you are going to appeal the decision or not. If you choose to appeal then the next step is to serve a formal Notice of Appeal on the Secretary of the Immigration Appeals Tribunal (IAT) – located in the Government Administration Building. Your Notice of Appeal ought to be received by the IAT within 28 days of your application being refused. At this point all you need to include in the letter are a) the grounds under which you are filing the appeal (i.e. that the refusal was (i) erroneous in law (ii) unreasonable (iii) contrary to the principals of natural justice or (iv) at variance with the Immigration Regulations) b) the decision against which the appeal is made c) a copy of your original application and the refusal letter (if that latter document is available) and d) a bank draft for CI$1,000 made payable to the CI Government, which is non-refundable. Once the IAT receive your appeals paperwork you will be issued with a receipt and the IAT will request from the Department of WORC an ‘Appeals

b) Permanent Residence as the Spouse of a Permanent Resident Permanent Residents will have to continue paying CI$500 per year per dependant until they (or the Permanent Resident) becomes Caymanian. If you are on a government contract, and receive PR, you appear to have the choice of putting your dependant children on your PR (and paying the CI$500 fee per year) or keeping them on your government contract and paying no fees for them. There are other rules worth considering. The dependant spouse of a Permanent Resident can and (in most cases) should apply for their own Permanent Residence and Employment Rights Certificate (RERC) in their own right, as soon as their

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The Board has the power to revoke the Permanent Residence of any holder who “fails to maintain the level of financial investment stated in the application”. The law also states that if false information is provided, or a material fact is concealed in the application, the Board may revoke any permanent residence granted. Permanent Residents are required to report details of their circumstances annually. Finally, if persons become destitute, subsequent to the grant of permanent residence, it may be revoked. Harsh as this might sound, without a large tax base available to provide an extensive social safety net, the Cayman Immigration (Transition) Actseeks to ensure that only persons who will not become a burden on the society are awarded PR. As the current system stands, unless you own a property or shares in a business in Cayman, it can be difficult to make enough points to qualify for Permanent Residency. Applicants are likely to gain the most points should they purchase a property well before being eligible to apply, as any mortgage payments (including interest) will count in the assessment.

Statement’ which will include the reasons for the decision to turn down your PR. It will also include their scoring of your PR application plus all the paperwork which went with your original PR application. The IAT will then forward all of this to you. You are then required to file detailed grounds of your appeal with the IAT and serve a copy to on WORC within 28 days of receipt of the Appeals Statement. In your appeal you must provide written arguments as to why you disagree with the points given in each section, raise any relevant other factors, and provide any supporting evidence/documents. The use of an attorney in relation to the preparation of rebuttal grounds of appeal is strongly encouraged as many of the details can be very technical in nature. The IAT will review all the documents and decide whether the appellant’s case has merit. If the IAT decides in favour of the appellant, this will be communicated. The successful appellant will then be given an opportunity to submit updates and/or provide fresh evidence for consideration, and any changes in circumstances as it relates to the application. The IAT will then reconsider your application, and assess you afresh against the points system. Once the Tribunal have made their decision the IAT Secretariat will inform you of it.


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spouse is granted Permanent Residence. They do not have to wait the usual eight years of residency and do not have to take any test or be subject to the points system. They should also apply to be naturalised after having PR for one year and then apply for the Right to be Caymanian as soon as five years have passed, or they have been living in the Cayman Islands for a total of 15 years. Do not overlook your children’s Naturalisation and Status application in this process! However, many people just carry on having their Residency & Employment Rights Certificate as the Spouse of a Permanent Resident (RERC) ‘tied to’ their spouses’ PR since there is no time limit on the award. This can however create problems down the line. For example, a problem arises when one of the spouses applies for and is granted the Right to be Caymanian. At this point the RERC holder/spouse (and children) must have their Immigration status in the Islands ‘regularised’ within 45 days. In effect, the spouse can no longer be deemed the dependant of a PR holder when the person is now a Caymanian – and if applications are not made promptly, they can lose the right to live in the Cayman Islands. As it pertains to accompanying children, as long as they are under the age of 18 and the parent acquires Cayman Status, they can apply for the Acknowledgement of the Right to be Caymanian by Entitlement within those 45 days provided they have resided in Cayman for a minimum of 1 year. If there are some accompanying children who are over the age of 18 they must apply, within 45 days, for a continuation of their Residency under Section 39, but only if that child has been legally and ordinarily resident in the Islands for a minimum of seven years. Being away for schooling does not affect their ability to apply (provided Cayman has remained their home throughout). Such applications are dealt with by the Director of WORC. It is very important that this rule is understood, as applying for Permanent Residency under Section 39 of the Immigration (Transition) 110

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Law grants the child PR independent of their parents. Serious issues have also occurred when Permanent Residents have become Caymanians. A policy provides that all dependent spouses have exactly 45 days to apply for Caymanian Status (if they have been married for over seven years) or for a Residency & Employment Rights Certificate as the Spouse of a Caymanian (if they have been married for under seven years). However, people have run into immovable problems if their marriage has broken down in the intervening years. One of the requirements in the Immigration (Transition) Act is that you can handon-heart tick the box saying you have a stable marriage. If you cannot, then there is no particular rights remaining for you in the law: your certificate as the spouse of a Permanent Resident may have become void, and you cannot now swap it for Caymanian Status. You may not be allowed to stay in the Cayman Islands. If you have children the consequences can be devastating. c) Permanent Residency based on being the Dependant Child of a Permanent Resident An expatriate child of a Permanent Resident (even if the child has a Cayman Passport) must in most cases be a dependant on a Parent’s Permanent Residence. Upon turning 18, most will be eligible to apply for Permanent Residence in their own right under section 39 of the Immigration (Transition) Act. They can do this without being subject to the points system, provided they have been legally and ordinarily resident in the Cayman Islands for seven years prior to the application being made, were named on their parent’s application and approved, and are of good character. Their parent must also continue to be a Permanent Resident, or have become Caymanian. Any such application must be made before the child turns 19 (ideally prepared even before they turn 18) but if the parent’s RERC has been varied to allow the child to be a dependent past

18, it can be made up until the child is 24, provided the child is still in tertiary education or within six months of the end of such education. They will then be able to apply to become Caymanian once they have been in Cayman for 15 years and are Naturalised or Registered, or five years after having been Naturalised or Registered and become a British Overseas Territories Citizen (BOTC). An expatriate child who is the child of the expatriate spouse of a Caymanian and whose expatriate parent holds a RERC (Residency & Employment Rights Certificate) as the spouse of a Caymanian can be added as a dependent on their parent, but only until they are 18, unless they continue into tertiary education and their permission is varied. d) Permanent Residence as the Spouse of a Caymanian The spouse of a Caymanian has no inherent right to live or work in the Cayman Islands (apart from any unexpired permission they may have held before being married to a Caymanian) unless they apply for and have granted a Residency and Employment Rights Certificate as the Spouse of a Caymanian. The Cayman Islands Government has now amended the Law, and these RERC’s are now permanent in nature. Unlike other RERC’s, these place no restrictions on occupation, presently require no annual declaration, and require no annual fees. These certificates can however be revoked, and may become void in the event of a breakdown in marriage. It can take several months to obtain an RERC as the Spouse of a Caymanian and so it is recommended that you apply as soon as possible. Only where the application is made while the applicant has a work permit, can the applicant continue working while the application is pending. Death or Divorce from a Permanent Resident

The surviving or former spouse of a Permanent Resident is required to notify the Director of WORC and the Caymanian Status & Permanent Residency Board of their change in circumstances within


six months. Within these six months the surviving spouse, or former spouse, may be eligible to apply for the grant of a Residency & Employment Rights Certificate in their own right. It may be important to consult with a lawyer or reputable immigration services company to confirm your standing and options in the event of appropriate circumstances arising.

3. NATURALISATION If you are a Permanent Resident adult and not married to a Caymanian then getting Naturalised as a British Overseas Territories Citizen (BOTC) is an essential step in the process of acquiring Caymanian Status. Once you have had PR for 12 months (and have lived in Cayman for at least five years) you can apply under the British Nationality Act for Naturalisation as a British Overseas Territories Citizen (BOTC) by virtue of a connection with the Cayman Islands. For

provided they remain legally and ordinarily resident in Cayman. Registration is the equivalent of Naturalisation for children, and the basis for Registration can vary widely depending on various factors, including age, immigration status of parents, and place of birth. The fact that many people who have become naturalised or registered or have otherwise become BOTC’s and possess Cayman Islands passports without being Caymanian can be potentially confusing. It is perhaps best to think of a Cayman Islands passport as a travel document, naturalisation (or registration) as becoming a BOTC (but not a Caymanian) and being Caymanian (known as possessing the Right to be Caymanian) as possessing a particular type of Immigration permission (whether by right, entitlement or grant). Not all Caymanians are BOTCs and accordingly, large numbers of Caymanians are not entitled to hold Cayman Islands Passports. 4. ACQUISITION OF THE RIGHT TO BE CAYMANIAN Any person who has been naturalised as a British Overseas Territories Citizen (BOTC) by virtue of his or her connection with the Islands may, upon satisfying various residency requirements (being resident for 15 years or be naturalised for five years, whichever happens sooner), apply for the Right to be Caymanian. Persons who have been married to a Caymanian for seven years, can also apply for the Right to be Caymanian. The surviving spouse of a Caymanian can apply for the Right to be Caymanian as long as they had been married for seven years and fulfil the other criteria. A person who is the child of a Caymanian, no matter the basis on which the parent became Caymanian, is generally considered a Caymanian if he/she is born subsequent to their parent becoming a Caymanian. Persons who can prove that they are the child or grandchild of a Caymanian who was born in the Islands can also apply to become Caymanian on the grounds of descent. The Cabinet may, in exceptional circumstances,

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2. PERMANENT RESIDENCY BASED ON REGISTRATION BY ENTITLEMENT AS A BRITISH OVERSEAS TERRITORIES CITIZEN Any child who is born in the Cayman Islands and whose parent subsequently becomes a permanent resident or lives the first 10 years of their life here, may, immediately (or if their parent is not a Permanent Resident) upon their tenth birthday, seek Registration as a British Overseas Territories Citizen (BOTC) by Entitlement. All persons so registered have a prima facie right to remain in the Cayman Islands for life (and hold a BOTC (Cayman Islands) passport). Applications in relation to children who have lived in Cayman for the first 10 years of life are independent of a parent’s immigration status, and cannot be denied to a child who meets the criteria. This reality is both a reason for the rollover policy and creates an enormous opportunity for the Caymanborn children of those to whom the rollover is not applied (including Civil Servants and anyone exempted from term limits, including persons married to government employees or even work permit holders).

the application you will need to provide a copy of your PR approval letter, your PR certificate, your birth certificate, passport picture page, a passport-sized full-face photo, a police record, a current job letter, a marriage certificate (if it applies) plus the birth certificate for your spouse, and a current travel history from WORC/CBC. One thing worth noting is that the physical presence rules are totally different under the British Nationality Act than those under the Cayman Islands Immigration Law. If you have been outside of the Islands for longer than 90 days in total in one year, or a total of 540 days over the course of five years, then this may affect your ability to be granted Naturalisation on the grounds of residency. If you are applying for Naturalisation on the grounds of being married to a BOTC then you ought not to have been off the Islands for more than 270 days over the course of three years. Please note that you will still need to pay your PR work-related fees every year once you are Naturalised. However, the spouse of a Caymanian does not pay these fees. The spouse of a Caymanian or Permanent (provided their Caymanian or Permanent Resident Spouse is a BOTC), be able to apply for Naturalisation 12 months from the date that their RERC was approved provided they have been resident in the Islands for at least three years and seek to apply on the basis of marriage to a BOTC. Application is made to the Deputy Governor and must include an up-to-date travel history covering the last five years (you can obtain this from WORC/CBC), as well as certified copies of your relevant documents and a fee of CI$825. Please note that a child under the age of 18 can (on successful application) be registered as a BOTC and the cost is CI$450. Naturalisation entitles the applicant to a Cayman Islands passport but does not make the applicant a Caymanian (i.e. does not grant Status) or give them a right to work or even necessarily to reside in the Islands. It does however normally entitle the holder to ultimately apply for the right to be Caymanian on the basis of residence,


grant the Right to be Caymanian to up to four persons in any year. Any individual who acquired the Right to be Caymanian can lose that right if they move away from the Cayman Islands for more than five years (other than if they are away for medical or education purposes) and if they are convicted of an offence which was made possible by, facilitated by or connected with the grant of the Right to be Caymanian. For further details see www.caymanresident.com. Spouses & Children of Caymanians

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When a Permanent Resident is granted Caymanian Status the spouse and children of that new Caymanian must have their immigration status ‘regularised’ within 45 days. In effect, the spouse/children can no longer be deemed dependants of a PR holder once the person is a Caymanian! In those 45 days the spouse of a Caymanian has two options depending on how long they have been married: a) if married for seven years then the spouse may be automatically entitled to apply for Caymanian Status as the Spouse of Caymanian, b) if married for less than seven years then the spouse needs to apply for a Residency & Employment Rights Certificate as the Spouse of a Caymanian. Then as soon as they have celebrated seven years of marriage they can apply for Status. Serious issues have however occurred when Permanent Residents have become Caymanians and their dependent spouses have to regularise their immigration status. As explained under the ‘Permanent Residence as the Spouse of a Permanent Resident’ heading one of the requirements in the Immigration Act is that you can hand-on-heart tick the box saying you have a stable marriage. If you cannot then your certificate as the spouse of a Permanent Resident may become void in 45 days, and you cannot now swap it for Caymanian Status. This is why you should always apply for Permanent Residency in your own right, and then apply for Naturalisation and Cayman Status the moment they can. As it pertains to accompanying children, 112

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as long as they are under the age of 18 and the parent acquires Cayman Status they can apply for the Acknowledgement of the Right to be Caymanian by Entitlement within those 45 days. This Status however, will expire at age 18, so it is essential that you apply for “continuation” before they turn 18. For children applying for Status there is now an acknowledgment form in which you have to give proof of the schools your child has attended in the Cayman Islands (or school overseas), proof of how the child was able to remain and reside in Cayman (whether they were dependent on a PR or Government worker’s contract), the birth certificate of the child and marriage certificate of the parents; and CI$50. Children who go to boarding school will not be affected as long as their home has always been Cayman, and they return home with some frequency (ideally every holiday). If there are some accompanying children who are over the age of 18 they must apply, within 45 days, for a continuation of their Residency under Section 39, but only if that child has been legally and ordinarily resident in the Islands for a minimum of seven years. Being away for full-time secondary schooling or tertiary studies (again provided Cayman remains their home and they return for holidays) does not affect their ability to apply. It is very important that this rule is understood, as applying for Permanent Residency under Section 39 of the Immigration Law grants the child PR independently of their parents. Marrying a Caymanian

A person who is newly married to a Caymanian needs to apply to the Caymanian Status and Permanent Residency Board for a Residency and Employment Rights Certificate as the Spouse of a Caymanian (RERC), which allows them to remain and work in any occupation and the certificate remains valid for as long as the marriage remains stable. It no longer expires at the seven year mark. If they are in possession of a work permit before they are married,

then the work permit remains valid for its duration. Provided an application for a RERC is made before the expiry of the work permit, the right to live and work in the Cayman Islands continues whilst the application for a RERC is pending. If the RERC is approved then after the 7th anniversary of the wedding, and as long as the marriage is still stable, the holder may apply for the Right to be Caymanian. There is a non-refundable application filing fee of CI$300 and, when approved, there is an additional government fee of CI$400. A person who has been resident in the Cayman Islands for many years, and then goes on to marry a Caymanian, may apply for Permanent Residency in their own right as long as they apply before they have been resident for 8 years. They may also apply for an RERC. The difference is, that if the marriage does not last then they will not lose their residency status. Note that the RERC application must include an affidavit to the effect that your marriage is not one of convenience. Marriages of Convenience

The Cayman Islands Government is very aware that marriages of convenience have been arranged in order for foreigners to move to Cayman, remain, live and work without paying work permit fees. Offenders will be penalised if identified. Former Spouse of a Caymanian

In the instance where the former spouse of a Caymanian is the mother/father of a Caymanian child, they will usually be allowed to remain (subject to various approvals) and be permitted to work in the Cayman Islands until the children complete their education or reach their 24th birthday, whichever happens sooner. If their last child reaches the age of 18 or, is in full time tertiary education and the non-Caymanian parent has not obtained an alternative immigration permission before this point, then the parent will (according to the provisions of the law as presently drafted) have to leave the Cayman Islands. Such a parent will


however have an opportunity to apply for Permanent Residence pursuant to the points system, provided Cayman has been their home for more than eight years.

as well as guiding high-net-worth individuals

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Status. SE E AD PAG E S 40 & 107 Legal Befrienders

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SE E AD PAG E S 85 & 113

Visas for Cayman Nationals of the USA, Canada, the UK and most countries within the British Commonwealth do not require visas to enter the Cayman Islands. Citizens of Jamaica (between the ages of 15 and 70), Honduras and the Philippines, for example,

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SE E AD PAG E S 65, 103 & 125

Baraud offers advice and help on Temporary Work Permits and Work Permit Grants,

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SE E AD PAG E 79

Visitor

Status

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services. For the Cayman job-seeker, they

VISAS & PASSPORTS


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do. Check the Visa section of cbc.gov.ky or www.caymanresident.com to see if you need one. However, if you have a US, UK or Canadian Visa and you are travelling directly to Cayman from one of these countries (whether by air or sea), you do not need a separate Cayman Visa. Where visas are required, they must be sought and obtained prior to travel. Contact the British Embassy or Consulate with a visa section that is nearest you. There is a dedicated visa office within the Customs & Border Control office. You can call the manager of that department on (345) 244 2076 or email: Emily.Hurlston@ gov.ky. There is also one in Kingston, Jamaica. Call (876) 906 7866/5336 or email: caymanvisa@cwjamaica.com. Visas for the US & Elsewhere If you are looking to travel to the US as a non-American passport holder with an EU member passport then you must register online at least three days before travel via the Electronic System for Travel Authorisation (ESTA). Once approved, you are allowed to travel to the US for up to two years without re-registering. The website is https://esta.cbp.dhs.gov/esta. However, the intention of ESTA is for EU residents living in EU countries to use this system and not for EU residents living in the Cayman Islands. It is strongly advised that residents of the Cayman Islands obtain a US visa from the US Embassy in Kingston, Jamaica. Appointments can be made here: https://jm.usembassy.gov/u-scitizen-services/. US Visitor Visas are not a function of the US Consular Agency and are managed through the US Embassy in Kingston, Jamaica instead. Please note that all UK and Euro ESTA and USA visa holders must now have an electronic readable passport in order to be able to enter the USA. For questions or concerns about the non-immigrant visa process email: KingstonNIV@state.gov and for questions pertaining to the immigrant visa process please email: KingstonIV@ state.gov.

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PASSPORTS More information on getting a passport for a child born in the Cayman Islands can be found in the Having a Baby chapter or on the Passport & Visa section of www. caymanresident.com. American Passports The US Consular Agency has an office in the Smith Road Centre, Suite 202B, 150 Smith Road, George Town, email: caymanacs@ state.gov. They are open Monday through Friday 9am-2pm and are closed on all Cayman and US holidays. If you are a US citizen experiencing a serious emergency call (876) 702 6000. You may email or visit the office for enquiries, however, applications are submitted by appointment. They also assist with the following services: US Notarial Services, performed for US citizens or when documents are related to the US. If you are a US citizen who recently had a child in the Cayman Islands, you should apply for a Consular Report of Birth Abroad and a passport for your child. Email the consular agency to request a checklist to assist you with the process and schedule an appointment. You should complete the application forms available at www.travel. state.gov. The child and all the parents who are on the birth certificate must attend the appointment and present original valid documents. Processing time is four to six weeks and cannot be guaranteed; please plan accordingly. British Passports Application forms for British passports (renewals or new passports) need to be filled in online and then the required paperwork, including your existing passport(s), must be couriered to Her Majesty’s Passport Office, OVS-D, Millburngate House, Millburngate, Durham DH97 1PA, England. Go to www.gov.uk/overseaspassports to get started. Payment must be made by credit card online during the application process. Processing time takes about four weeks.

Caymanian Passports Caymanian passports (also called a British Overseas Territories Citizen passport) are processed at the Passport & Corporate Services office in George Town and then sent to the UK passport office to be printed. The processing time for this is currently about six weeks. Application forms for a BOTC passport can be downloaded from www.immigration.gov.ky along with a list of required documentation. Passports cost CI$75 for a child and CI$100 for an adult. Temporary passports, which are only issued in the event of a medical air evacuation, are still produced in Cayman and can be turned around within a day for those who are eligible. The passport office is located on the 2nd floor of Sussex House, 128 Elgin Avenue and is open Monday-Friday 9am-3pm. Tel: (345) 943 7678. Canadian Passports The Canadian Consulate is located on the 1st floor, Landmark Square, 64 Earth Close, off West Bay Road (Tel: (345) 949 9400 or email: cdncon.cayman@candw. ky). They are open Monday-Thursday 10am-1pm but appointments are needed temporarily due to COVID. They offer consular assistance for Canadians who are travelling, working or living in the Cayman Islands. These services include assistance with obtaining Canadian citizenship for children born in the Cayman Islands to Canadian parents, passports and any emergency assistance. Application forms for Canadian passports can be collected from the Consulate or downloaded online from www.cic.gc.ca. The Consulate can review your application before you send it to the High Commission of Canada in Kingston, Jamaica. The processing time is 15-20 business days. For nonCanadians who wish to visit, study or work in Canada, as well as for the new Canadian requirements regarding the eTA visa, you will find information, as well as online application forms, at www.jamaica.gc.ca.


Consular Agencies For a complete list of all the Consular agencies in the Cayman Islands please see the Cayman Resident website. DOMICILE & TAX STATUS

US TAXATION OF AMERICAN CITIZENS OR GREEN CARD HOLDERS MOVING TO THE CAYMAN ISLANDS American citizens and green card holders are subject to US tax reporting requirements even when they are not living in the US. This can include both expats and lifelong residents of Cayman. Many Americans living in Cayman can reduce or eliminate their US tax using the foreign earned income exclusion. In 2021, this means that up to US$108,700 of qualifying earned income (plus an additional amount for certain housing expenses in excess of US$16,656) can be excluded. Generally, you can qualify for this exclusion if you can show that you are a “bona fide resident” of the Cayman Islands (or another country) for at least a full calendar year and have Cayman as your “tax home”; usually living and working in Cayman is enough for this purpose. Additionally, you can qualify by being physically present in Cayman for 330 days in a 12-month period (which does not necessarily need to be a calendar year) and having your tax home in Cayman. Even if all of your income is excluded and you owe no US tax, you are still required to file a tax return, declare your worldwide income, and make the election to take the foreign earned income

exclusion. Additionally, you are required to file information returns for your foreign bank and financial accounts (including your Cayman pension), as well as for any business entities and trusts formed in Cayman or other foreign countries. Non-Compliance & Catching-Up Individuals who have not complied with US tax reporting requirements in past years are subject to penalties if their noncompliance is discovered by the IRS. Penalties can be in excess of US$25,000 per year in some cases, even when no tax is due. Some individuals may be able to take advantage of an IRS amnesty programme called the Streamlined Filing Compliance Procedures, if they can certify that their non-compliance was not wilful. This programme involves filing back tax returns (including information returns for business entities and trusts formed in Cayman or other foreign countries) for the past three years along with foreign bank and financial account reports for the past six years, and paying any taxes owed with interest. In many cases a Streamlined filing will result in no penalties imposed by the IRS. For formal advice please call: Omni Cayman/John Wagner Tel: (345) 547 4473 Email: john@omnicayman.com www.omnicayman.com Omni Cayman in the Cayman Islands are Certified QuickBooks Pro Advisors offering professional outsourcing including, US Tax filing, interim CFO, audit preparation, shareholder meeting preparations, and other accounting and consulting services. Omni has a team of qualified professionals with over twenty years experience coming from Cayman’s top firms such as Deloitte, KPMG and BDO. For some clients, Omni Cayman is contracted to fulfill specific accounting roles while for others, Omni serves as the client’s entire accounting department. SE E AD PAG E 76

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UK TAX STATUS & DOMICILE If you were once a resident of the UK but are now a resident in Cayman, then knowing how many days you can visit the UK to see family and friends is very important. Generally, if you spend less than 16 days in the UK in a tax year then you will not be considered a UK resident. If you have not been a UK resident for three tax years or more then this is extended to 46 days. However, if you work full time in the UK, spend 183 days or more in the UK per year, have a home in the UK in which you spend 30 days in the tax year plus you have no overseas home, then you can assume you are a UK resident. There are also ties, which if combined with the number of days you spent in the UK in any given tax year, can determine whether or not you are a UK resident. These ties include family (i.e. a child in a boarding school), having a house in the UK, working in the UK and spending over 90 days in the UK. Depending on the number of ties you have dictates how many days you can safely stay in the UK before becoming UK tax resident. These ties may also dictate whether you remain UK tax resident. Your domicile on the other hand will determine if you are liable to pay UK Inheritance Tax (IHT). If you wish to avoid IHT on your worldwide assets then you have to plan carefully and make positive steps to shed your UK domicile. There is no specific form to fill out to explain

that your domicile has changed; however, in your annual UK Self-Assessment tax return there is a section which asks you to talk about your domicile. Please note that when leaving the UK you should either complete and submit form P85 “Leaving the UK - getting your tax right” to HMRC or include details on your last self-assessment tax return. This form advises HMRC that you are leaving the UK and will help them decide if you will still be required to file a UK tax return as a non-resident. For formal or informal advice on UK tax status and domicile you can contact Paul Hotchkiss from Hotchkiss Associates Limited. Call +44 (1624) 872140 or email: info@hotchkiss.im or visit www. hotchkiss.im.

THE

Other Nationalities The Portfolio of Internal and External Affairs of the Cayman Islands Government and the Office of the Governor have assembled contact details for the consular representatives of other countries. See the Passport & Visa section of www. caymanresident.com for details.


Family

Matters

Everything you should know about birth and marriage rules, prenuptial agreements; the process of getting divorced in Cayman; child arrangements; division of assets, and domestic violence and child abuse.

FA M I LY M AT T E R S

8

T

he Cayman Islands is a wonderful place to give birth, get married and raise a family. There are a number of rules and regulations around these processes that are prudent to be on top of. Sadly, it is also the case that there is a high divorce rate in the Cayman Islands, so in this chapter we have outlined the legalities around pre and post nuptials, as well as detailing the divorce process. If you are looking for legal advice in family law, then you will find a list of reputable law firms with family offices at the end of this chapter. BIRTH & MARRIAGE RULES

Birth

After you give birth to your child, the hospital will issue a Live Birth Notification Form. This form must be brought to the Registrar of Births at the Government Administration Building on Elgin Avenue (Tel: (345) 946 7922) along with your marriage certificate (if married) and both you and your partner’s passports. There is no charge to register your child, however, a copy of your child’s birth certificate will cost CI$10 per copy. For more information on registering the birth of your child see the Having a Baby chapter. Marriage

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Photos courtesy of Adobe Stock Images

Birth & Marriage Rules 116 Pre & Post Nuptial Agreements 116 Family Breakdown in the Cayman Islands 117 - The Process of Divorce 117 - Child Arrangements 118 - Division of Assets 119 - Child or Spousal Maintenance 119 - Domestic & Child Abuse 119 - Legal Costs 120 - Travelling with Children 120 Wills 120 Law Firms with Family Practices 120

however, anyone under 18 must have consent if he or she has not been married before. Consent can be given by the father or, if the father is deceased, by a lawful guardian. If there is no guardian, an unmarried mother may give consent. Persons residing in the Islands may make an application for a marriage certificate to be issued by either a civil registrar or a minister of religion who is also a marriage officer. Marriage by a civil registrar does not involve a religious service, though couples may later go through a religious service if they wish. For more information on this see the Getting Married chapter. PRE & POST NUPTIAL AGREEMENTS

When planning a wedding and future together, divorce is the last thing on a couples’ mind. But with around half of all marriages ending in divorce, more and more people are opting to draft up a pre-nuptial agreement before getting married, or a postnuptial agreement once married, and for good reason. Divorce can be an emotionally and financially draining time, so deciding how to divide your resources, at a time when you are both working towards shared future goals, can save a lot of stress if you later decide to divorce. Pre-nuptial arrangements can also help to provide clarity and security. It is a bit like insurance – even though one hopes they’ll never need to rely on it, it provides certainty and financial protection if things don’t go to plan.


What is a Nuptial Agreement?

MICHAEL ALBERGA

nuptial agreements now form part of the considerations for Cayman Courts. For a nuptial agreement to be legally binding, it must satisfy the legal test set out in Radmacher. Key points include that each party: freely entered into the agreement without undue pressure; obtained independent legal advice prior to entering into the agreement; was informed of the full implications of entering into the pre-nuptial agreement; and there was a full and honest disclosure of both of parties’ assets. The actual agreement must also be validly drafted pursuant to the laws in the jurisdiction where it is to be applied. A nuptial agreement should also include a review clause, and should be reviewed whenever any significant change in the marriage occurs. For example, the birth of a child or the receipt of a large inheritance by one spouse could drastically change the terms of a pre-nuptial agreement. FAMILY BREAKDOWN IN THE CAYMAN ISLANDS

The Cayman Islands has a high divorce

SHAUN McCANN

LOUISE DESROSIERS

rate, with 297 divorces in 2019 and 318 in 2020. In 2020 this equates to 4.8 divorces per 1,000 people (with a population of 65,786). Data collated by www. worldpopulationreview.com indicates that by way of comparison there were 2.5 divorces per 1,000 people in the United States and 1.2 divorces per 1,000 people in Jamaica during the same period. There is growing concern about the costs of family proceedings and the amount of time it can take to resolve matrimonial property and child custody issues. So, although it is a very hard thing to write about, we have decided to give an outline on how to get divorced in the Cayman Islands. We hope that it will then help you focus on the steps you need to take for yourself, your children and your finances. The Process of Divorce How to Begin Divorce Proceedings

Under the current Matrimonial Causes Act (2005 Revision) a person is entitled to get a divorce in the Cayman Islands if either

MAGGIE WELLON

AMANDA MINTO

LITIGATION - MEDIATION - DISPUTE RESOLUTION - LEGAL DRAFTING AND ADVICE

The Travers Thorp Alberga family team are highly experienced in all aspects of matrimonial law including divorce, residence and contact disputes, child and spousal maintenance, removal applications, interim and final financial provision, cross border asset tracing, pre and post nuptial agreements, private client and succession planning, wills, trusts and foundations. Email: malberga@tta.lawyer Direct: +1 (345) 623 2371 Mobile:+1 (345) 326 4631

Email: smccann@tta.lawyer Direct: +1 (345) 949 0699 Mobile: +1 (345) 516 4911

Email: ld@tta.lawyer Direct: +1 (345) 623 2535 Mobile: +1 (345) 516 2540

HARBOUR PLACE 2 N D F LO O R , P O B OX 47 2 , 1 03 S O UT H C H U R C H ST R E E T G R A N D CAY M A N , KY 1 - 1 1 0 6 CAY M A N I S L A N D S

8

Email: mwellon@tta.lawyer Direct: +1 (345) 623 2539 Mobile: +1 (345) 922 0922

Email: aminto@tta.lawyer Direct: +1 (345) 623 2472 Mobile: +1 (345) 516 76 1 1

W W W.T R AVE R ST H O R PA L B E R G A .CO M MAIN : + 1 (345) 949 0699

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FA M I LY M AT T E R S

A pre-nuptial agreement is a legal document entered into by each party before marriage that sets out how the couple intends for their assets and debts to be divided between them should they get divorced in the future. It will sometimes also include how the couple may wish to deal with their assets during the marriage. A post-nuptial agreement is essentially the same thing, but is entered into once you are already married. When a Judge is considering how assets will be split in a divorce, the paramount consideration is the Matrimonial Causes Act (2005 Revision), which states that all the relevant circumstances of the case must be considered. However, in October 2010 the United Kingdom Supreme Court issued a judgment in the landmark case of Radmacher v Granatino [2010] UKSC 42. This judgment, although not legally binding on Cayman Islands’ Courts, is considered to be highly persuasive. Following Radmacher, pre-


of the parties is domiciled in the Islands. A ‘female’ (as the Law states) may also apply for a divorce if she has been ordinarily resident here for at least two years prior to filing for a divorce. Grounds for Divorce

At this time it is not possible to be granted a ‘no fault’ divorce, instead you must prove one of the grounds below:

>

Your spouse has committed adultery and you find it intolerable to continue to live with them;

>

Your spouse has behaved in such a way that you cannot reasonably be expected to live with him or her;

>

Your spouse has deserted you for a continuous period of two years before you

8

issue proceedings;

>

You and your spouse have lived apart for at least two years before you issue proceedings, and your spouse consents to

FA M I LY M AT T E R S

the divorce;

>

You and your spouse have continuously lived apart for five years before the issuing of the proceedings.

However, if adultery has occurred, you cannot apply for a divorce unless two years have passed since the marriage date. The exception being if the Court is satisfied that exceptional hardship has been suffered by the petitioner, then the petition may be filed within the two-year period. What Happens Next

There are two documents required to start a divorce:

>

A petition that sets out the facts of the marriage and the grounds of the divorce.

>

A sworn affidavit whereby you state that the petition is true and accurate. You will also need to provide your marriage certificate or a certified copy.

The petition is then filed with the Civil Registry and served on your spouse. Your spouse has 14 days to respond and indicate whether they intend to contest the divorce grounds. If your spouse does not defend the divorce then the Court will approve the petition. Otherwise the case will be listed 118

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before a Judge, who will decide whether there are proper grounds for divorce and what the next steps need to be. Parties must then attend a Court ordered Mediation Information Assessment Meeting (MIAM) following the first hearing unless there are grounds not to do so, such as domestic violence or a previous failed mediation. An application will need to be made if you are claiming an exemption. However, it is important to note that an exemption is not always granted and parties should be prepared to go to mediation. Mediation can cover both finances and your children. If your case is suitable for mediation a Court ordered mediation process can begin. You will be asked to provide financial disclosure to the mediator by way of a form called a “MIAM3”. The mediation is a free service provided by the Court. However, if you bring an attorney with you (which is often advised, but not mandatory) this will cost you money. If parties cannot agree on an outcome with the assistance of a mediator, the matter will return to Court. The Judge can then give direction to get the matter ready for a final hearing, where evidence will be heard and a decision made. If you cannot agree on where the children will live, or how frequently a parent should see them or how the family finances should be divided, then a Judge will decide for you. Judges will always encourage agreement where possible as attorneys are well aware that enforced settlements can leave both parties feeling like they lacked control over the outcome. Only once financial matters and any issues regarding children are resolved, a decree of dissolution of the marriage will be granted. This final step in the process is dealt with administratively through the Civil Registry and no further appearance in Court is necessary. Court Orders

This is not an exhaustive list, but the Judge doesn’t just dissolve the marriage, they can also make decisions about:

1) The residence, care and control of the children of a marriage. This can include where the children should live and how they should spend time with either parent; 2) The use of a matrimonial home; 3) Periodic payments to be made by one party to another pending suit; 4) An injunction for the protection of settled and other property in which either spouse claims an interest; 5) The protection of one spouse from interference by the other; 6) The disposition of matrimonial property, including the matrimonial home; 7) Varying any settlement of the property of the spouses made in consideration of the marriage, whether such settlement was made before or upon the treaty of the said marriage; 8) Varying

any

other

settlement

of

matrimonial property; 9) Making

financial

provision

from

the

property of either spouse for the children of the marriage and for the other spouse; 10) Providing for periodic payments to be made by either spouse for the benefit of the children of the marriage and for the other spouse; and 11) Who pays what legal costs. International Divorces

A person can get a divorce if they have been domiciled in the Cayman Islands. However, extra care is needed where the case has an international element to it as a divorce could possibly be started in more than one country, but the financial outcomes might be significantly different in different places. Getting legal, tax and immigration advice early on would be prudent. See a list of lawyers who can help on page 120. Child Arrangements Each case is different, and the welfare of the child(ren) is the Court’s paramount consideration. Sometimes, due to the living situation and the ages of the children, they may spend more time with one parent, or time may be split equally. If you want to find out more about the types of application that can be made to the


Court concerning children, a helpful guide can be found here: https://www.judicial. ky/general-public/making-an-applicationunder-the-children-law.

Child or Spousal Maintenance A mediator, attorneys and/or the Court can help you reach an agreement for child or spousal maintenance if you cannot agree with your partner on a reasonable sum to be paid. If you are unmarried, and the father of your child is not paying maintenance, you can apply under the Affiliation Act for an order that he should pay you maintenance for the child. You should apply either within 12 months of the birth of the child or when the father stops paying you maintenance. If you are married, and your husband is not supporting you and/or your children, you can apply for an order under the Maintenance Act that he should pay maintenance for you and your children. You can also apply for maintenance for children living with you at the time of your marriage. If you are divorced, or a divorce

application is pending, you must apply in the Grand Court. When considering both child and spousal maintenance, the Court considers needs and will look at both the income needs of the spouse in whose favour the order is made and the income of the spouse who will be required to make the payments. Any time after the spousal maintenance order has been made the amount payable under the Order can be varied by agreement or application to the Court. This will be especially relevant if the income of the person making payments, or the need of the person receiving payments either increases or decreases. Other circumstances such as cohabitation with a new partner may reduce any maintenance that a person is entitled to. Domestic & Child Abuse You should seek help immediately if you are in a difficult or dangerous situation. If the situation is dangerous, contact the police who will help you at any time. If

Hampson and Company Attorneys at Law

GRAHAM HAMPSON

YVONNE MULLEN

SULEKHA TUMMALA

KIM McLAUGHLIN

Family

Family

Family / General Practice

General Practice / Corporate

FAMILY LAW AND GENERAL PRACTICE We provide advice on all aspects of family law including, divorce, separation, mediation, pre-nuptial and post-nuptial agreements, child-related issues (residency, relocation and maintenance), capital adjustment, spousal maintenance, and domestic violence. We also provide advice on all aspects of general practice including, work permits, residency applications, naturalisation applications, status applications, wills, trusts and estates, and all real estate related matters. 4th Floor, Apollo House East, 87 Mary Street, George Town, P.O. Box 698, Grand Cayman KY1-1107 (Tel): 345 623 7788 • (Email): info@hampsonandco.com • www.hampsonandco.com

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FA M I LY M AT T E R S

Division of Assets In the context of how your assets are to be divided, outcomes can include what happens to your home, pensions, savings, other assets and debts. Spousal support and child maintenance can include school fees, health insurance premiums and the costs of extracurricular activities. It may also include general costs of living and a wide range of other things. The Court has a starting point of ‘equality’, rather than a strict 50:50 split and such a division is not always appropriate. Ensuring proper financial disclosure and valuing assets correctly should always be undertaken before deciding how to split the finances. When considering how finances should be divided, the Court is guided by a number of factors starting with the welfare and best interests of any children of the marriage,

and thereafter to other responsibilities, needs, and then to the actual and potential earning power of each of the parties.


FA M I LY M AT T E R S

8

you do not feel it is appropriate to call the police, the Cayman Islands Crisis Centre provides a helpline 24/7 (Tel: (345) 943 2422) and a walk-in service for crisis intervention and the assessment of victims of family violence. They will ensure that appropriate referrals will be made to the various community resource options, and that emotional support and guidance is given to victims through various stages. This service is available by telephone and online, visit www.dcs.gov.ky/frc/familyresource-centre-crisis-intervention. The Court can make an order on application to protect you, your children and other connected persons and in serious situations your spouse does not necessarily need to have notice of your application until the Court order giving you the protection you seek is in place. Legal Costs Legal costs are very difficult to estimate and can depend on the level of agreement between the parties. A completely amicable (non-contentious) divorce may cost between CI$2,000-CI$5,000. The cost of a non-amicable divorce varies and will be much higher. Court mandated mediation is free but typically parties engage lawyers to assist. Legal aid is generally not available for civil proceedings. However, it may sometimes be available for proceedings under the Children Law started by the DCFS. In divorce cases, the Honourable Chief Justice has directed that legal aid will only be granted where there are allegations of recent domestic violence or children are at risk. Travelling With Children Following a divorce or separation you must get permission from the parent with responsibility for a child, or from a court, before taking the child abroad. It is also prudent to specify in any court order or divorce agreement what is intended for future travel abroad. Is it allowed, or is it restricted? Even if permission is given in your final court order, you should still obtain a letter that demonstrates you have 120

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permission to take the child abroad. Even if travel arrangements are agreed between you and the other parent, you might still be asked for a letter at a border. The letter should include the other person’s contact details and details about the trip. It also helps if you travel with the child’s birth or adoption certificate, especially if you are a single parent and your family name is different from your child’s name. WILLS

relocation and removal from the jurisdiction. SE E AD PAG E S 40 & 107

Cayman Family Law (CFL) Zephyr House, Ground Floor, 122 Mary Street, George Town Tel: (345) 746 5290 Email: info@caymanfamilylaw.com www.caymanfamilylaw.com Cayman Family Law is a boutique law firm specialising exclusively in Family Law including advice and assistance on wills and probate

Once you have a family it is especially important to have an up-to-date will. If you die, or worse, both parents die, you will want to ensure your children are looked after by guardians that you have chosen. Making a will is your opportunity to create a plan that protects your children and the property that you leave to them. Each parent needs his or her own will. You might include the following information:

matters. They can also provide advice on the

1) Who will care for your children in the event

FrancisGrey offers specialist advice on family

of the mother or father’s or both parents’

law matters including civil partnerships, pre

death;

and post-nuptial agreements, contentious

preparation of lasting powers of attorney and obtaining Guardianship orders. FrancisGrey Suite 2206, Cassia Court, 72 Market Street, Camana Bay Tel: (345) 815 2800 Email: familylaw@francisgreylaw.com www.francisgreylaw.com

2) Who will look after your children’s finances;

and non-contentious divorce and separation,

3) Who will be responsible for any property

division of assets, provision for residence and

your children inherit; 4) How will property/finances be divided

support, custody and guardianship. SE E AD PAG E S 68 & 73

between multiple children. You will need to include things like jewellery, clothing, art

Hampson and Company

and other personal possessions;

Apollo House East, 4th Floor, 87 Mary Street

5) A named ‘executor’ or the person (often

Tel: (345) 623 7788

a spouse, adult child or other close family

Email: info@hampsonandco.com

member) who will disburse funds or

www.hampsonandco.com

administer your will upon your death.

Led

by

and

Company

offers

experienced

and

comprehensive

advice

on

and

See page 124 for information on wills. LAW FIRMS WITH FAMILY PRACTICES

Graham

Hampson,

Hampson

family

matrimonial law, including pre and post-nuptial

Bedell Cristin

agreements, mediation, division of assets,

18 Forum Lane, Suite 5305, 3rd Fl, Camana Bay

and children issues (residence, support and

Tel: (345) 949 0488

relocation), through amicable settlement, and

Email: caymanenquiries@bedellcristin.com

if necessary, at trial and appellate levels.

www.bedellcristin.com/locations/cayman-

SE E AD PAG E 119

islands/ Bedell Cristin has considerable expertise in

McGrath Tonner

family law and offers a broad practice covering

5th Floor, Genesis Building, George Town

contentious and non-contentious divorce,

Tel: (345) 623 2740

pre and post-nuptial agreements, separation,

Email: info@mcgrathtonner.com

financial and ancillary relief and all Children Law

www.mcgrathtonner.com

matters including residence, contact, custody,

One of Cayman’s premier law firms for family


and divorce matters. They advise on all aspects

Travers Thorp Alberga

Call or walk-in. First come first serve, no

of the breakdown of a relationship including

2nd Floor, Harbour Place

appointments are necessary.

the financial implications and arrangements in

103 South Church Street, George Town

relation to children. They provide advice on and

Tel: (345) 949 0699

The Family Resource Centre (FRC)

draft all forms of matrimonial agreement: pre

Email: info@traversthorpalberga.com

2nd Floor, 87 Mary Street, George Town

and post-nuptial and separation agreements.

www.traversthorpalberga.com

Tel: (345) 949 0006

The firm has experienced mediators on its

Travers Thorp Alberga has an experienced

Email: frc@gov.ky

family team and they regularly deal with

matrimonial department dealing with family

www.dcs.gov.ky/frc/

international

law including divorce, financial provision,

The Family Resource Centre provides a wide

assets and foreign proceedings.

matters

involving

overseas

child custody and cross border asset tracing.

range of services and programmes to support

SE E AD PAG E 69

They also have specialists in private client

healthy family relationships. The programmes

work including wills, trusts and immigration,

are free, short or long term, and they equip

Phoenix Legal

providing a full suite of legal services for your

families with tools and strategies to parent

20 Genesis Close, The White House, GT

family. SE E AD PAG E 117

confidently. Programmes include Co-Parenting

Tel: (345) 929 4701

Workshops, Fathers First Workshop and

Other Resources

Parenting Inside Out. The FRC also provides

www.phoenixlegal.ky

Legal Befrienders

a walk-in service for crisis intervention and

Phoenix Legal specialises in family practice law:

87 Mary Street, 2nd Floor, Apollo House West

assessment of victims of family violence to

adoption and children’s legal arrangements,

Tel: (345) 945 8869

ensure appropriate referrals to community

divorce,

www.dcs.gov.ky/frc

resources,

applications, pre and post-nuptial agreements,

Contact Legal Befrienders if you are seeking

guidance.

protection from domestic violence, wills,

free legal advice from qualified attorneys on

probate and administration applications.

issues such as domestic violence, divorce,

guardianship

and

receivership

1

and

emotional

support

and

Tell them you saw it in the

immigration and more. Their clinic and phone

2021/06/25

21:49

line operates every Tuesday 5pm-6.30pm.

A DOPT ION & CH I LDR E N ’ S L EG A L A R RA NGE M E N TS

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PR E AND POST NU P T I A L AGR EEM EN TS

PROT ECT ION FROM DOM EST IC V IOL ENCE

GUA R DIAN SHIP & R ECEIV ER SHIP APP L ICATIONS

WILLS PROBABTE A ND ADM IN ISTR ATION

+1-345-929-4701

Standing up for People’s Rights in the Cayman Islands

lisa@phoenixlegal.ky

TH E

F A M I LY

L AW

8

FA M I LY M AT T E R S

SE E AD T H I S PAG E PhoenixLegal_HalfH_CP22.pdf

THE

Email: lisa@phoenixlegal.ky

Regus, The White House, 20 Genesis Close, George Town, Grand Cayman, Cayman Islands

F IR M

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Retiring In Cayman

For those contemplating retiring, growing old and spending their final days in Cayman, this chapter details the things you will need to think about. For those who have lost a loved one, it covers everything you might need to know about wills and probate, repatriation and the various burial options.

122

Retiring in Cayman - What to Consider - Health Insurance - Medical Care in Cayman - End-of-Life Medical Laws - Life Insurance - Immigration Considerations - Senior & Retirement Homes - Poor Relief Payments - In-Home Carers - Hospice & Palliative Care - Wills & Probate - Law Firms with Family Offices - Inheritance Tax & Domicile

122 122 123 123 123 124 124 124 124 124 124 126 127

End of Life in Cayman - Overview of the Process - Burial - Burial Assistance - Preplanning Funerals - Cemeteries Management - List of Public Cemeteries - Cremation, Burial at Sea - Repatriation & Funeral Planning - Funeral Homes

127 127 128 128 128 128 128 129 129 129

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Photos courtesy of Rebecca Davidson

R E T I R I N G I N C AY M A N

9

W

ith beautiful beaches and good weather, it is easy to see why Cayman is regarded as an ideal place to retire, grow old and pass away. Aside from the climate, what draws retirees to Cayman is that you can enjoy the ease of island life whilst still having access to world-class healthcare and remaining near to the US. The retirement community in Cayman is thriving; the current figures show that the over 65s account for over 8.3% of the population and, as a result, activities, clubs and services for seniors are increasing. Whether you intend to get involved in the community or simply relax on the beach, the lifestyle in Cayman suits any retirement model. RETIRING IN CAYMAN - WHAT TO CONSIDER

Health Insurance Health insurance is required by law for all residents of the Cayman Islands. For retirees arriving in Cayman over the age of 55 there are very few options available to you. All of the insurance companies offer the SHIC plan (Standard Health Insurance Contract). It is a set fee regardless of your age and the annual premium does not go up each year. The cost for an individual is in the region of CI$150CI$167 per month, for a couple it is CI$300-CI$372 and for a family it is CI$465-CI$508. If you would like to add dental and vision coverage then that costs approximately CI$30 more per month per individual, however, most insurance companies will not


Medical Care in Cayman Grand Cayman has three fully-equipped hospitals, nearly 4.5 doctors and 6.3 nurses for every 1,000 people, more than two dozen private healthcare practices, as well as specialists in cardiac surgery, chemotherapy and orthopaedics. We also have a 3.0 Tesla MRI machine, 3D and 4D ultrasounds, echocardiography, GI endoscopy and even an IV medical spa. If there was one place outside of the USA where you could be guaranteed to receive first rate medical care, you can be assured that Cayman is it. End-of-Life Medical Laws The Health Care Decisions Act (2019) addresses the problem that healthcare providers and families face when a patient is too ill to communicate their treatment preferences. The introduction of ‘Advance Health Care Directives’ by this law, commonly known as ‘living wills’, provides a legal framework to express your wishes regarding medical treatment while you are mentally competent, which should be

followed by your physician. The Advance Health Care Directive is a document that sets out in writing which life-sustaining measures you would want to be applied to you under different circumstances, including a ‘Do Not Resuscitate’ order and the refusal of life support if you are in a vegetative state. It is also possible to appoint one or more people as proxies to make medical decisions for you should you become mentally incapable. To be legally appointed as a proxy, you must be an adult and satisfy certain principles such as being mentally competent. Should the proxy holder die or renounce their duty, and the patient is mentally incompetent, the patient’s doctor automatically becomes the decision maker. It is highly recommended that you consult a lawyer to guide you through this process given the potentially serious implications involved for your health and wellbeing. The Health Care Decisions Act prohibits physician assisted suicide and does not affect those who were in palliative care prior to the introduction of this law or the right of a person to receive palliative care. The Human Tissue Transplant Act (2013) and the Human Tissue and Transplant Regulations (2018) came into effect in 2018, and healthcare providers had hoped to start performing transplants in 2020 prior to the COVID-19 pandemic. The law allows adults (18+) to register as organ donors. Persons under 18 years of age need parental consent to register and can only donate regenerative tissue (e.g. bone marrow). This law excludes the donation of fetal tissue, sperm or ova and prohibits the trading of human body parts. If you have not registered as a donor prior to your death your organs/tissues cannot be donated once you are deceased. In addition, a Human Tissue Transplant Council has been established to monitor compliance with the law, and oversee the new donor registry. The registry has the potential to connect Cayman with

the overseas organ donation network, whereby patients gain priority on other international registries. For more information on the healthcare system see the Health & Wellness chapter. Life Insurance Prior to retirement it is important to ensure you have adequate life insurance coverage. A good life insurance policy will protect your loved ones’ finances and ensure that an already difficult time isn’t made more so with the financial burden that could ensue from a loss of income. Most life insurance policies are designed to pay out a cash sum to your loved ones if you die while covered by the policy. It can help them deal with everyday money worries such as household bills, childcare, school fees or mortgage payments. The amount of cover you’ll receive, and the premium you’ll pay, will depend on your individual circumstances and the kind of policy you choose. Your life insurance premiums will take into account your medical history, age and lifestyle factors, and typically speaking, the younger and healthier you are, the cheaper your monthly bill will be. Michael Webster and Sagicor are two providers of life insurance, you can find more providers in the Settling In chapter. Michael Webster - Life Agent Tel: (345) 925 5433 Email: michael.webster@cic.com.ky www.lifeinsurance345.com Michael Webster offers protection for both your mortgage and family. He offers term life, mortgage protection term life and whole life policies. For peace of mind, call for a free, no obligation quote. SE E AD PAG E 166 Sagicor Life of the Cayman Islands 198 North Church Street, GT Tel: (345) 949 8211 Email: cy_infocayman@sagicor.com www.sagicorcayman.com Sagicor helps you secure your financial future with Savings, Retirement Planning, Life Insurance, Mortgage Protection, Family

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add this for you if you join the plan after age 55. That said, not all health insurance companies in Cayman offer the option of additional dental and vision under the SHIC plan; the majority only offer the medical benefit portion of the plan. If you are a current Cayman resident reaching retirement age and you already have an individual or company plan, whether it be a basic or premium plan, then you can stay on that plan indefinitely. As long as your employer and your insurer are happy for you to continue on their plan after you retire, you can keep that plan regardless of your age. Group plan rates vary and depend on the number and age of employees; premiums should just continue to go up at the annual rate you are accustomed to. Another option for a retiree is to keep their existing health insurance from overseas (for example BUPA) and get a basic plan in Cayman to cover the legal requirement. For a list of health insurance providers see the Health & Wellness chapter.


Protection

and

Critical

Illness

coverage.

between private, doubles and wards. The cost

Sagicor is the only authorized company in

is CI$3,100 per month for a shared room or

Cayman by the Superintendent of Pensions to

ward, and CI$3,600 for a private room. These

allow individuals to purchase an Annuity plan

rates include three meals per day and snacks,

using their Pension Fund at retirement age.

as well as varying levels of assistance with

Speak to an Advisor about the best ways to

daily living activities, housekeeping, weekly

protect yourself and your family.

outings and more. There are also seven villas

SE E AD PAG E 127 & 148

on the property that are rented to independent seniors for between CI$950-CI$1,850 per

R E T I R I N G I N C AY M A N

9

Immigration Considerations The Cayman Islands welcomes wealthy retirees with open arms as long as they have enough money to buy a house and support themselves in old age. Without a regular tax base, the Cayman Islands Government does not have the resources to support an aging population. If you are the dependent/spouse of a Permanent Resident and they die before you do, the right of the surviving spouse to reside in the Islands may be revoked at the discretion of the Director of Workforce Opportunities & Residency Cayman (WORC). The surviving spouse may, within three months, apply for the Grant of Residency Certificate for Persons of Independent Means upon satisfying the requirements. Senior & Retirement Homes Cayman does not currently have any particularly sophisticated options for retirement homes. We do, however, have The Pines Retirement Home, which is open to all and The Golden Age Residential Home in West Bay.

month (meals not included). Daycare is provided Monday through Friday from 8.30am-5pm for a rate of CI$45 per day for seniors wanting to spend the day at The Pines. The home is open

Jasmine (previously Cayman HospiceCare)

to all citizens of the Cayman Islands.

31 Jasmine Blossom Way, West Bay Road Tel: (345) 945 7447

Poor Relief Payments For those too elderly to work, who are over the age of 60 and are in great need, the Needs Assessment Unit (NAU) currently offer a monthly stipend of CI$750. A full assessment needs to be undertaken and then the level of assistance required is investigated. This is only open to Caymanians. The NAU is located at 55 South Church Street, George Town. Tel: (345) 946 0024.

www.thepinescayman.com The Pines Retirement Home is a non-profit, charitable organisation established to provide residential accommodation primarily to meet the needs of elderly citizens during their retirement. Over time the emphasis has moved to the provision of care provided by Registered Nurses in response to the needs of the community and the high care requirements of many of its residents. There are 48 beds split 124

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Jasmine is a not-for-profit organisation committed to improving the lives of those affected by terminal illness and death, assuring long-term emotional, spiritual and general well-being to patients, their families and the bereaved. Jasmine employs specialist nurses and caregivers, and has a team of trained patient-care volunteers who offer support to patients and their families. Supported counselling, therapeutic massage, fellowship

Caring Hands Cayman

opportunities,

Tel: (345) 943 1177

Jasmine costs more than CI$2,000 per day

Email: support@caringhandscayman.com

to operate and is 90% funded by donations.

www.caringhandscayman.com

Support from the community and volunteers

Caring Hands Cayman is a professional in-home

are always needed and very welcome.

and

bereavement

support.

healthcare provider, dedicated to enhancing the quality of life, dignity and independence of Cayman’s elderly residents, the sick, or those

60 Pines Drive, George Town Email: info@thepinescayman.com

www.jasmine.ky

by holistic care, additional services include

home, whether they are residents or visitors.

Tel: (345) 949 5650

Email: info@jasmine.ky

In-Home Carers

incapacitated and in need of nursing care at The Pines Retirement Home

four patients and their family members. The ‘Villa’ includes a meditation room, family room, kitchen and a multi-purpose community room providing space to offer support services for family members and caregivers. Services are aimed at treating pain and managing symptoms as well as improving the overall wellbeing of patients and their families. Anyone can refer a patient to Jasmine. Email: info@jasmine. ky or see below to find out more.

Hospice & Palliative Care For many years, residents have been in the very fortunate position to have free hospice and palliative care. Jasmine, formerly known as Cayman Hospice Care, provides professional nursing and comfort care to those living with a life limiting or end of life illness. Care is provided in the home or in the Villa, depending on the needs and wishes of patients and their families. The new Jasmine Villa is a purposebuilt facility which can accommodate

Wills & Probate There is no inheritance tax in the Cayman Islands. Cayman Islands law allows for complete freedom of disposition, meaning that you can dispose of your Cayman assets on your death as you please, subject only to the law of your domicile. It is extremely difficult to contest an otherwise valid Cayman Islands will, and so it is recommended that you have an understanding of the probate process and an up-to-date will. Post-death, the law requires a grant of probate or letters of administration be obtained from the Grand Court of the Cayman Islands to enable personal representatives (usually those persons


Drafting a Will Although anyone can draft their own will, there are certain legal requirements that must be met in order for it to be valid. Take advice from an attorney to make sure your will: > Is unambiguous

As a full-service law firm we draft trusts and wills as well as set up foundation companies and family offices for both residents and non-residents of the Cayman Islands. We are able to assist those who have assets in the Islands whether real estate, shares in a Cayman company or bank accounts. We represent clients in connection with trust and estate disputes as well as provide guidance and advice on legal issues arising from trust and estate administration matters.

9

• Wills

R E T I R I N G I N C AY M A N

nominated as executors in the will) to administer the deceased’s Cayman Islands estate. Court fees of around CI$250 are payable to the Cayman Court, excluding legal fees (if applicable) to prepare the application. The application for probate must be filed within six months of the date of death, otherwise an additional application has to be made to the Grand Court for special leave. When probate or letters of administration are granted it empowers the personal representatives to deal with the deceased’s Cayman Islands assets. It is advisable to obtain multiple copies of the grant of probate or letters of administration if there are multiple assets to administer. It can take several weeks to several months to obtain a grant of probate or letters of administration from the Grand Court. It is important to note that under the Succession Act (2021 Revision), executors are only entitled to very modest remuneration. However, the will may allow more generous remuneration. The Formal Validity of Wills (Persons Dying Abroad) Act (2018) prescribes that a Cayman Islands will is considered valid if it conforms with foreign or Cayman Islands execution formalities. This law also applies to wills created before this law came into force in 2018. The Succession Act and the Wills Act (2021 Revision) has introduced provisions for civil partners to be considered equal to married persons as a matter of Cayman Islands law. Foreign probates or letters of administration (with certificated translations, if necessary) can be resealed by the Cayman Probate Court at which point such re-sealed foreign legal documents will be effective to administer any Cayman Islands assets. Dying intestate (i.e. without making a will) can sometimes make matters more complicated. If a Cayman-domiciled person dies intestate, a closely connected person, such as a surviving spouse or surviving adult child, must apply to the Grand Court for letters of administration. Once obtained, this legal document empowers them to deal with the deceased’s assets in accordance with the Succession Act. Many people attempt to take on the responsibility of acting as a representative of an intestate estate, and then immediately find themselves overwhelmed. In order to navigate this complicated process, it is advisable to seek advice from a duly qualified attorney-at-law. The benefit of having a local representative who is familiar with the Cayman Islands legal system cannot be overstated. Their familiarity with the rules could save your estate from significant expense, not to mention alleviate the stress placed on bereaved loved ones who may otherwise find themselves having to negotiate the requirements of a country and legal system they may not be familiar with.

• Trusts • Probate • Family Offices • Estate Administration • Foundation Companies • Dispute Resolution

For further information, please contact:

Linda DaCosta Partner HSM Chambers +1 345 815 7404 ldacosta@hsmoffice.com

Choose the Experts. Choose HSM.

+1 345 949 4766

68 Fort Street George Town PO Box 31726 Grand Cayman KY1-1207 Cayman Islands www.hsmoffice.com

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> Clearly sets out your wishes > Meets legal requirements.

Key Roles in your Will

> Names and addresses of your proposed

Attorneys can also provide additional services such as the retention of your will. A will can be handwritten, typewritten, or prepared on a computer. If handwriting your own will, it is important that you ensure it meets appropriate legal requirements. As requirements for wills vary internationally depending on your location, it is necessary to seek legal advice when drafting your will.

R E T I R I N G I N C AY M A N

9

Letters of Wishes Often accompanying a will is a letter of wishes setting out additional, non-binding requests. Such letters can be a great comfort to family members who find themselves unsure about where to begin when dealing with their final wishes. Simple instructions include where your life insurance policies, annuities and pension plans are held. Also included are your bank account details; your electricity, water, internet account numbers; your computer password; a list of your fixed assets; your digital assets; the names of your attorney, accountant, doctor, and generally all of those items that only the individual may know. Setting this out in a letter of wishes will save your representative hours of digging through papers and making telephone calls trying to determine where your assets are held. Giving precise details can save your estate from potential losses due to unidentified assets. Your attorney will ask you to fill out an instruction sheet with the following information:

>

executors: maybe a trusted friend as one and a trusted family member as the other. You need to explain your relationship to these people. Name and address of guardians to your children, although this is only relevant if your children are young.

also be able to help. Law Firms with Family Offices Collas Crill 2nd Floor, Willow House, Cricket Square, GT Tel: (345) 949 4544 Email: cayman.enquiries@collascrill.com www.collascrill.com Collas Crill is an offshore law firm with offices in Cayman, BVI, Guernsey and Jersey, advising

Gifts

both local and international clients in a full range

> Pecuniary bequests – These are legacies

of legal services.

> >

>

>

>

of cash that you may want to leave to someone. Legacies of property – You will need to identify the specific item/property that you want to leave someone. Beneficiaries of the rest of your estate – This is whatever is remaining in your estate and can be given to one person, or it can be divided equally, or unequally, between several people. It is called the ‘residue’ of your estate. Substitute beneficiaries of your estate – In this section you need to name a substitute to inherit your estate should the named beneficiaries die before the estate can be given to them. Age of inheritance – You will be asked if you want to specify an age when your beneficiaries inherit the residue of your estate. This is only relevant if your beneficiaries are very young at the time of you writing your will. ‘Worst case scenario’ gift – You need to name a charity, family member or friend who will inherit your estate if everyone you have named in your will dies and cannot inherit it.

SE E AD PAG E 169

Cayman Family Law Zephyr House, Ground Floor, 122 Mary Street, George Town Tel: (345) 746 5290 Email: info@caymanfamilylaw.com www.caymanfamilylaw.com Cayman Family Law is a boutique law firm specialising exclusively in Family Law including advice and assistance on wills and probate matters. They can also provide advice on the preparation of lasting powers of attorney and obtaining Guardianship orders. Hampson and Company Apollo House East, 4th Floor 87 Mary Street, George Town Tel: (345) 623 7788 Email: info@hampsonandco.com www.hampsonandco.com Led

by

Graham

and

Company

Hampson,

offers

Hampson

experienced

and

comprehensive advice on family law including advice on wills and probate, both local and international. SE E AD PAG E 119 HSM

Family Information

Assets & Liabilities List

68 Fort Street, George Town

> What is your full name, date of birth

The final portion of the will requires you to list your assets, liabilities (mortgages and outstanding debts), as well as any life insurance policies you may have and the details of your pension plan. Various law firms in the Cayman Islands can assist you in writing a will and your Letter of Wishes, or advise you on probate. Please also refer to the Running a Business chapter for a larger list of law firms that will

Tel: (345) 949 4766

and home address? What is the full name of your spouse, their date of birth and address? What are the full names, dates of birth and current ages of your children? Were there any previous marriages? If so, were there any children from that previous marriage? What are their names and ages?

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Email: info@hsmoffice.com www.hsmoffice.com HSM lawyers can provide guidance and advice on local wills and international wills to be administered in the Cayman Islands by way of re-sealing the foreign will and probate matters for both residents, and non-residents of the Cayman Islands. They offer assistance drafting wills and obtaining grants of probate. They also


represent clients in connection with trust and estate disputes and non-contentious trust and estate matters. SE E AD PAG E S 65, 103 & 125

Travers Thorp Alberga 2nd Floor, Harbour Place 103 South Church Street, George Town Tel: (345) 949 0699 Email: info@traversthorpalberga.com www.traversthorpalberga.com Travers Thorp Alberga has an experienced succession and estate department focusing on all types of estate planning inclusive of trusts, wills, and probate proceedings both local, international and multijurisdictional.

arrangements to make. Fortunately, undertakers are there to help guide family and loved ones through the process, take care of the paperwork and ease the burden as much as possible. The main decision to be made is whether the body is to be buried, cremated or repatriated. Funeral homes help in all three scenarios. There are two funeral homes in the Cayman Islands: Bodden Funeral Services and Churchill’s Funeral Home. Both provide the same range of services and similar funeral packages, although Bodden Funeral Services has the only crematorium in the Cayman Islands.

>

>

SE E AD PAG E 117

Phoenix Legal 20 Genesis Close, The White House, GT Tel: (345) 929 4701 Email: lisa@phoenixlegal.ky Phoenix Legal specialises in family practice law including providing advice on wills, probate and administration applications. They can also assist with family matters such as adoption

Sweet LET’S MAKE YOUR

and children’s legal arrangements, divorce, guardianship and receivership applications, pre

RETIREMENT

and post nuptial agreements and protection from domestic violence. SE E AD PAG E 121

Inheritance Tax & Domicile For foreign residents, inheritance tax may still be due in their country of domicile. Your lawyer will be able to determine whether or not you are domiciled in Cayman, or advise you on the steps you should take to change your domicile to Cayman. Purchasing a grave plot or vault in the Cayman Islands and purchasing insurance which pays for your mortal remains to be repatriated to Cayman are two ways to prove your domicile is in Cayman. For more information please refer to the Immigration chapter. END OF LIFE IN CAYMAN

When a person dies the next of kin are left with a number of decisions and

Get the most out of your retirement. Use your retirement fund to invest in an annuity plan and make sure you don’t outlive your income.

Call (345) 949 8211 to speak with an advisor sagicorcayman.com

»

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9

R E T I R I N G I N C AY M A N

www.phoenixlegal.ky

Overview of the Process If a person dies of natural causes – that is, the death is not sudden, violent or suspicious – the process is as follows: > If that person has been under the direct care of Jasmine, the deceased is taken to a hospital where an examination is carried out, the person is pronounced

dead, and the body is then moved to the funeral home. If the deceased has not been under the care of Jasmine, the next of kin must contact the hospital. The body must be taken to the hospital where a medical practitioner determines whether or not further investigation is required. Meanwhile, the undertaker will collect the necessary information and complete the paperwork for the death certificate. This is then presented to Medical Records where the attending physician verifies the information, fills in their portion and sends it to General Registry. When the death certificate is ready, the body is released to the funeral home for burial, cremation or repatriation. Additional death certificates can be ordered online on the Cayman Islands General Registry website (www.vitals.ky) or at the Government Administration building in George Town for a fee of CI$10 per copy.


R E T I R I N G I N C AY M A N

9

Burial If the deceased’s wishes are to be buried, the next of kin must decide, with the help of the undertaker, on a casket, clothing for the deceased, whether to hold a service and if so, what type of service. Other considerations will include whether to have flowers, a programme, and announcements of the death on the radio or in the newspaper. The average funeral package is CI$2,500 and these costs should include everything other than flowers, announcements and the funeral programme. When you call the funeral homes to work out the cost of the funeral package make sure to ask the following questions: > Do they charge a storage/cooler fee to keep the body for the days before the funeral? If so, how much is it per day? It can take time for loved ones to get to Cayman and a funeral can often be delayed for one to three weeks. A cooler fee can easily add CI$1,000 to the cost of the funeral package. > How often can you view your loved one and is there a fee to view the body? Are there any restrictions you should know about? > What make and material is the casket that is included in the basic package? Google the casket and see if it is what you want. Upgrading to a different casket can add upwards of CI$500 to your bill. > Ask what the basic package includes. It should include the following: transfer of the body to the funeral home, cool-storage the body in their facility, all clerical paperwork, embalming (required for repatriation), dressing, restoration, hair and make-up, coffin, viewing at the funeral home, staff for the service, transportation, hearse for the coffin, free bus for the family to the gravesite, gravesite equipment (chairs, tent, drinking water, coffin lowering device), vault sealing, guest books, one newspaper announcement and four radio ads. It would not include flowers, additional announcements 128

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>

and the funeral programme. If the deceased is a civil servant, died in a tragic accident, or is under the age of 18, then ask if the funeral home will offer you a discount.

Burial Assistance For those in need, the Needs Assessment Unit (NAU) can provide financial support to bury loved ones. They can give families a maximum of CI$2,500 towards funeral packages and/or a maximum of CI$1,200 towards a vault. You will need to visit the NAU office, fill out the required forms, along with any supporting documents, and wait to be assessed by one of the officers. They are located on 55 South Church Street, George Town. Tel: (345) 946 0024 or visit www.nau.gov.ky. Preplanning Funerals In other countries it is not uncommon for people to pre-plan their own funeral well before they become ill, and then leave this plan on file with their chosen funeral home. In the plan you can let your family know whether you want to be cremated or buried, whether you want to forgo the expensive coffin and whether you would rather they not go over the top with flowers. You can also buy a government or a private burial plot in advance and let the funeral home know the details. Leaving a plan for your funeral will take a huge weight off your family. You can also pay for the funeral costs in advance and the funeral home will freeze the cost even if it is 30 years before your family needs to access your file with the funeral home and initiate your wishes. Cemeteries Management The vast majority of cemeteries on all three Islands are either privately owned family plots or Government owned, but there is a private cemetery in Prospect where anyone can buy a burial plot. Public/government owned cemeteries are managed by the Department of Environmental Health (DEH),

which is responsible for the allocation of land for burial, design and construction of burial vaults. Public burial plots/vaults can be bought only after the passing of an individual at the Department of Environmental Health office (Tel: (345) 949 6696 or email: dehcustomerservice@gov.ky) for a fee of CI$1,200 for adults and CI$600 for children. Family plots cannot be purchased in advance at public cemeteries, because most sites are full and it will be hard to obtain a plot situated next to your loved ones. Private cemeteries on-Island are still monitored by the Department of Environmental Health to ensure that the vaults are constructed to DEH specifications. These, however, are not available for public purchase as most of them are on family owned land that is used as a grave site for that family only. The Garden of Reflection on Prospect Point Road is a private cemetery in Red Bay that has grave plots available for the public to purchase. This cemetery currently has 480 available plots (as of July 2021). Grave plots can be purchased for CI$3,750-CI$6,500 and the cost includes landscape maintenance. The plots are sold and managed by Crighton Properties, and the company maintains accurate records to ensure that reserved grave plots are not built upon. You can contact Crighton Properties on (345) 949 5250 or email: dalec@crightonproperties. com, or through your undertaker. Grave vault construction must be arranged by the family and local contractors charge between CI$3,200 and CI$3,600 to build a concrete vault. The size of a single plot is 4ft x 8ft and there is a 5% discount if the family buys more than four plots. List of Public Cemeteries: West Bay - West Bay by the Fire Station (Closed: all vaults are sold), Boatswain Bay, North West Point and St. Mary’s on Batabano Road. George Town - Dixie (Closed: all vaults are sold), South Sound (Closed: all vaults


Cremation If the deceased is to be cremated, the main decision for next of kin will be the type of service they want: one with the body present, followed by a cremation, or a memorial-type service, where there may be a picture, or an urn, but no body. Cremation packages range from CI$2,000 to CI$3,000.

Repatriation For expat workers, repatriation is often the preferred choice. The next of kin will need to decide whether to repatriate the body in a casket or whether to send it as freight, which is more cost-effective. The paperwork varies considerably depending on the country the body is to be repatriated to, and thus so does the cost. Repatriation to the US, Canada or UK is quite straightforward and quick to arrange. Repatriation to Cuba and the Philippines, however, is much more complex, so the administrative costs are higher. Funeral homes, such as Bodden Funeral Services and Churchill’s Funeral Home will take care of all the paperwork and arrangements, including the embalming which is a non-negotiable requirement for the deceased to be shipped overseas. The basic cost is CI$2,500, plus airfare and paperwork costs. Importing a Body/Ashes to Cayman In the event that the death occurs abroad, to bring a body/ashes to Cayman, you must receive permission from the DEH. You will need to provide the DEH with the following information: the deceased’s full name, place of birth, name of person responsible for the remains, arrival date of the deceased, a copy of the death certificate with cause of death (specifying whether the death was from a non-communicable or communicable disease), a US$25 administrative fee and, if applicable, a cremation certificate. Please note that for non-residents the administrative fee is US$100. Requests must be made at least 48 hours prior to the body/ashes arriving in the Cayman Islands. If granted, you will receive a letter of approval that must be presented to Customs upon the body/ ashes arriving.

homes do all they can to ease the stress and make the process as straightforward as possible. Undertakers are experienced at guiding families through the decisionmaking, asking the necessary questions and making as many of the arrangements as they can. Funeral homes also offer a pre-planning service, so that if a person is in the end stages of life, their family and next of kin have the option to talk with undertakers and make key decisions and plans ahead of time, which are then enacted at the time of death. It also worth noting that one can take out Final Expense Insurance Coverage which, depending on the policy, will cover some or all of the costs of a funeral. Funeral Homes There is no set time frame within which burials, cremations or repatriations must occur and, barring unforeseen complications, these can usually take place as little as two to three days after death. Bodden Funeral Services 117 Walkers Road, George Town Tel: (345) 949 7464 Email: sruby@boddenholdings.com www.boddenfuneralservices.com Bodden Funeral Services has been serving grieving families in the Cayman Islands with respect, dignity and compassion for over 60 years. With great attention to detail, care and guidance they offer burial, repatriation and are the only option for on-Island cremation services. Their undertaker is available 24 hours a day to assist your family in times of need. Churchill’s Funeral Home 328 Eastern Avenue, George Town Tel: (345) 943 4663 Email: churchills@candw.ky www.churchillsfuneralhome.com The to

professional providing

staff

dignified,

are

committed

respectful,

and

compassionate assistance to every family.

Funeral Planning Needless to say, arranging a funeral or memorial is a distressing affair but funeral

Tell them you saw it in the

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9

R E T I R I N G I N C AY M A N

Burial at Sea With Cayman’s well-known seafaring history, sea burials are an option worth considering in the Cayman Islands. They are a natural and sustainable alternative to traditional burials and pay homage to the sea which has been such a big part of life for many in Cayman over the years. To obtain the necessary permission for a sea burial, you must submit a copy of the death certificate, a certificate of non-communicable disease and the Burial Order to the Department of Environmental Health (DEH). Once this has been confirmed, the body must be prepared for a sea burial by a licensed mortician and the casket must adhere to a specific set of guidelines that can be found on the DEH website (www.deh. gov.ky). The burial must take place at least five nautical miles from shore, at a minimum depth of 700ft, and outside of traditional fishing grounds. Although they say it is not a common option, the team at Bodden Funeral Services (Tel: (345) 949 7464) has experience with sea burials and can assist you if this is a route you would like to take. If you would like to scatter your ashes at sea the only requirement is that you

do so at least three nautical miles from the shoreline.

THE

are sold), Prospect and Spotts (Closed: all vaults are sold). Bodden Town - “Old” Bodden Town across from the Bodden Town Clinic (Closed: all vaults are sold) and “New” Bodden Town located on the same side of the road as the Bodden Police Station, going East. East End - East End and Gun Bay. North Side - North Side and Old Man Bay.


Settling In Opening a bank account, getting telephone service and internet access, connecting your utilities and organising your pension and insurance.

130

Money & Banking - Opening a Personal Bank Account - Resident - Non-Resident - Online Banking, ATMs & Cheque Books - Money Transfer Services

130 130 130 130 132 132

Communications - Telephone Services - Mobile Services - Internet At Home - Internet Providers

134 134 134 136 136

Television

137

Utilities - Electricity - Gas - Household - Petrol & Diesel - Water

138 138 139 140 140

Insurance - Health Insurance - Home Insurance - Insurance Providers - Life Insurance

142 142 143 145 147

Pensions - Private Pensions & Pension Providers - Public Service Pensions

147 147 149

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Photos courtesy of Rebecca Davidson

SETTLING IN

10

MONEY & BANKING

Opening a Personal Bank Account – Resident All banks in the Cayman Islands adhere to mandatory duediligence requirements and will perform fairly extensive checks before opening an account for you to ensure that you are thoroughly legitimate and that no money will be laundered. Each bank may have slightly different requirements: >

An employment letter addressed to the bank confirming your position, salary and expected length of employment

>

A recent utility bill (no older than 3 months) or lease agreement in the individual’s name as proof of address. In the event of the latter you would need to provide a copy of your landlady’s utility bill

>

Original passport for all countries of citizenship (some banks may request a personal interview)

>

W9 forms for US citizens

>

Original or notarised copy of Work Permit Letter, Cayman Status, Right to Work, or Naturalisation Certificate

>

Completed and signed application form

Opening a Personal Bank Account – Non-Resident Non-residents can open a bank account in Cayman without visiting the Islands (not all banks offer this service), but they must submit multiple certified documents to prove their identity, a current overseas address, the source of funds and


Right at home, by .

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bank references. Local banks will often want a legitimate rationale for opening an account for an overseas resident, in addition to the following:

Other Services Offered: Credit references,

Email: info@fidelitycayman.com

trust services, private banking and investment

www.fidelitygroup.com

management. SE E AD PAG E S 61 & 131

Branches & Banking Hours: Cayman Financial

>

An employment Letter addressed to the

Cayman National Bank Ltd.

9am-4.30pm; Fidelity Financial Centre (SMB),

bank confirming your position, salary, and

PO Box 1097, Grand Cayman KY1-1102

Monday-Friday 10am-4pm.

length of employment

Tel: (345) 949 4655

An original bank reference addressed to the

Email: cnb@caymannational.com

RBC Royal Bank (Cayman) Limited

bank in Cayman stating how long you have

www.caymannational.com

PO Box 245, Grand Cayman KY1-1104

banked with your home bank, the average

Branches & Banking Hours: Camana Bay

Tel: (345) 949 4600

balance maintained, and the manner in

(SMB), Cayman Brac, Centennial Towers (WB),

www.rbcroyalbank.com/caribbean

which the account has been conducted

Countryside Shopping Village (Savannah), Elgin

Branches & Banking Hours: 24 Shedden Road

An original professional reference addressed

Ave (GT), Monday-Thursday 9am-4pm, Friday

(GT), Monday-Friday 9am-3pm

to the bank from a Law or Accounting firm

9am-4.30pm; Little Cayman, Monday and

Red Bay Branch, 53 Shamrock Road (next to

>

Curriculum Vitae

Thursday 9am–11.30am and 12pm-2.30pm.

Grand Harbour), Monday-Friday 11am-6pm.

>

A recent original utility bill (no older than

Bank Services: Chequing, savings and fixed

3 months) or a lease agreement in the

deposit accounts, credit and debit cards,

Scotiabank & Trust (Cayman) Ltd.

individual’s name as proof of address

online banking and mobile app, largest ATM

Scotia Centre, 18 Forum Lane, Camana Bay

Certified copy of your passport(s) for all

network Island-wide, currency exchange, wire

PO Box 689, Grand Cayman KY1-1107

countries of citizenship

transfers, electronic funds transfer, travellers

Tel: (345) 949 7666

>

W9 forms for US citizens

cheques cashing, bank drafts, letters of credit,

www.scotiabank.com/ky

>

In you own or rent property in Cayman

utility bill payments, safety deposit boxes

Branches & Banking Hours: Camana Bay (SMB)

then a certified copy of the Land Register

(sizes vary depending on Customer Service

Monday-Thursday 9am-4pm and Friday 9am-

agreement, a Transfer of Land document or

Centre, subject to availability), standing orders,

4.30pm; and South Sound (across from Grand

a copy of a Rental Agreement

merchant services, night deposit facilities,

Harbour), Monday-Friday 10am-6pm.

Completed application

customised credit solutions such as mortgages,

>

>

SETTLING IN

10

>

>

Centre, Dr. Roy’s Drive (GT), Monday-Friday

loans, and Domestic and International Premier

Opening a Business Bank Account Refer to the Running a Business chapter.

Banking at the Camana Bay location. Other Services Offered: Alternative investment funds, family wealth vehicles, investment

Local Banks

brokerage, advisory services and discretionary

Butterfield Bank (Cayman) Limited

asset management solutions.

12 Albert Panton Street, George Town

SE E AD OP P OSI T E PAG E & PAG E 57

PO Box 705, Grand Cayman KY1-1107 Tel: (345) 949 7055

CIBC FirstCaribbean International Bank

Email: info.cayman@butterfieldgroup.com

PO Box 68, Grand Cayman KY1-1102

www.butterfieldgroup.com

Tel: (345) 949 7300

Branches & Banking Hours: Butterfield Place

www.cibcfcib.com

Banking Centre (GT), Monday-Thursday 9am-

Branches & Banking Hours: Monday-Thursday

4pm, Friday 9am-4.30pm; Midtown Plaza

9am-4pm and Friday 9am-4.30pm.

Banking Centre (GT), Monday-Friday 9am-

Branch Services: Vehicle loans, mortgages,

4pm; Camana Bay Banking Centre (SMB),

chequing and savings accounts, credit and

Monday-Friday 9am-4pm; Governors Square

debit cards, currency exchange, wire transfers,

Banking Centre (SMB), Monday-Friday 9am-

bank drafts, utility bill payments, teller services,

4pm.

online banking, mobile banking, telephone

Banking Centre Services: Accounts, online

banking, ATMs, loans and transfers.

banking, ATMs, credit and debit cards, currency

SE E AD PAG E 54

exchange, wire transfers, bank drafts, utility bill payments, night deposit facilities, safety

Fidelity Bank (Cayman) Ltd.

deposit boxes, standing orders, mortgage

PO Box 914, Grand Cayman KY1-1103

services and loans.

Tel: (345) 949 7822

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Online Banking, ATMs & Cheque Books All the banks on-Island offer online banking, but some are definitely more user-friendly than others. If online banking is important to you, it is worth asking about each bank’s online capabilities. All banks allow you to pay almost all your monthly bills online. ATM machines are available at most bank branches and all supermarkets. If you use your own bank’s ATM you will not be charged a withdrawal fee (other than Government’s 25 stamp duty charge for every withdrawal). The charge to use another bank’s ATM is CI$2.40-CI$3 depending on the bank, for each withdrawal. If you need a cheque book on your personal bank account, make sure to ask the prospective bank if they offer this service, as some do not. Money Transfer Services Due to the number of foreign nationals in the Cayman Islands, there are numerous money transfer companies on the Island including: MoneyGram, JN Money transfer


caymannational.com

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Elevate your Experience Enjoy a completely upgraded banking experience with Cayman National’s all new online banking and mobile app platforms, 24/7, from anywhere, giving you freedom and control of your finances. Visit caymannational.com to learn more, or sign up at one of our Customer Service Centres today.

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PERSONAL BANKING | BUSINESS BANKING | FIDUCIARY & INVESTMENT SERVICES | FUND SERVICES

A subsidiary of

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and Western Union. Money transfer companies accept both US and CI dollars. MoneyGram

MoneyGram has eight locations on Grand Cayman and two on Cayman Brac. It offers a fast and secure way to send money. Tel: (345) 945 5616. Western Union

Western Union is located in the four Foster’s Supermarkets in Grand Cayman and L M Superstore in Cayman Brac. COMMUNICATIONS

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Cayman’s sophisticated tourism and financial industries have ensured that telecommunications are as advanced as those you would find in any developed country. Options for mobile and residential phone services, and high speed internet connections (via fixed lines and through mobile data), are available across all three Islands. In 2016 amendments to the Information and Communications Technology Authority Act gave regulators the power to fine phone, TV and internet providers up to CI$50,000 for violations to their licenses, such as not providing internet speeds that are advertised to customers. This has been great for consumers as it ensures reliability. Choosing the right provider will depend both on the services available in your area and your personal usage. Bundled options from the same provider can result in significant discounts. It is worth noting, however, that due to the small population of the Islands, the cost of broadband and residential and mobile phone services tend to be quite a bit higher than in Europe and North America. TELEPHONE SERVICES Every provider in the Cayman Islands must be able to provide local and long distance telephone services. All the mobile phone providers offer an international direct dialling service and depending on your plan rate, prices are often comparable to those for fixed lines. Mobile phone service 134

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options are varied and there are choices to suit any need, including voice, mobile data, text messaging and voicemail. The mobile providers in the Cayman Islands are Digicel and FLOW. Internet services are available from all four providers: Logic, FLOW, Digicel and C3 Pure Fibre. High speed fibre optic cables and networks are increasing in availability, with Logic, FLOW and C3 providing even higher internet speeds to homes in Grand Cayman than previously possible. Standalone and bundled internet and VoIP options are available, and in some instances discounts are offered for taking more than one service. Residential phone service choices are plenty with installation times varying from a couple of hours to a couple of weeks depending on the company and the type of service you choose. If you are building a home in a newly developed area and want a fixed line installed, check directly with your provider to confirm the expected time of installation. Overview of Local & Long Distance Telephone Services Logic and C3 Pure Fibre offer phone services which allow users to make calls at home using an internet connection rather than traditional fixed lines. Logic’s Chatterbox service works with any internet provider and gives you unlimited international calls for a fixed monthly fee. Several monthly plans are available, depending on which countries you call the most. For those who want family or friends to be able to call them in Cayman without having to pay for overseas calls, the Chatterbox International Numbers mean Cayman residents can be reached on a US, UK or other country number. FLOW provides consumers with residential phones that use fixed landlines. They offer three home phone plans: Residential, Home 500 and Home 800. All three packages have a monthly line rental charge with the difference occurring in free local call minutes and discounts on international calls.

MOBILE SERVICES Two mobile service providers operate in the Cayman Islands: Digicel and FLOW. Both companies offer prepaid options (or pay-as-you-go top up and plans), as well as postpaid plans (billed per month). Plans typically include voice calls and text messaging, and most also include a certain number of international calls (anywhere minutes) and data allowance. Most residents have Android or iOS smartphone devices. FLOW and Digicel both use 4G LTE technology – so mobile internet speeds are as fast as you will find anywhere in the world. The MyDigicel and MyFlow apps enable customers to view and pay their bills with postpaid, or top up credit with prepaid phones, as well as activate a number of addon plans, such as reduced international calling rates, roaming and data plans. The MyDigicel app also grants weekly rewards to users through customer loyalty programmes. Prepaid Mobile Services The advantage of prepaid mobile phones is that there is no contract, no monthly fee and no deposit required. Prepaid SIM cards can be purchased from Digicel and FLOW stores, as well as from other retailers, such as supermarkets and gas stations. If you have an unlocked phone, all you need to do is purchase the SIM card, put it in your phone, add calling credit with a plan and start calling. Credit can be added (also known as topping up) at the same locations, as well as at some ATMs, online and through the mobile service providers’ apps. The disadvantage of prepaid phones is that the per minute rates are higher than for postpaid plans. Local calls cost 20 to 45 cents per minute depending on the time of day and on whether you are calling numbers within your network, or fixed and mobile numbers outside the network. You may purchase calling plans for prepaid to save on regular calling rates. The prepaid credit can be used for making calls, using mobile data or for texting. You


will get better value by purchasing data, text and calling plans. Postpaid Mobile Services You will usually be required to sign a contract for 12 or 24 months with a postpaid plan. These are easy to set up – you just need to take along ID, a proof of address, and a deposit – and there is a choice of plans allowing customers to choose the one that best fits their needs. Postpaid plans are paid monthly and start at around CI$100 at FLOW and CI$60 at Digicel, and both include a basic allocation of minutes, text messages and data allowance. Contracts often include a discount on handsets and the cost of the phone can usually be spread out over the course of the contract. As there is no such thing as credit rating systems in the Cayman Islands, you will need to put down a deposit, typically CI$100-CI$200, if you choose a postpaid plan. FLOW currently offers unlimited plans which include limitless data, WhatsApp, local texts and minutes as well as an allowance of international minutes and free incoming calls whilst roaming. Customers who have broadband receive a discount on their unlimited mobile plan. Digicel offers several Postpaid plans, available on a contract as well as a variety of Prepaid Plans on a 1, 7 or 30 day term. All Digicel plans include an allocation of Anywhere Minutes, Unlimited Digicel to Digicel calls, SMS and Free Data to use with any of the Digicel apps. Digicel also offers rich data allowances, all of which come with unlimited rollover.

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Handsets It is worth noting that if you bring a mobile phone with you from overseas when you move to Cayman, it will not necessarily work here. It all depends on the frequency used: Cayman mobile providers use GSM, HSPA and LTE technology. It is a good idea to check with your provider prior to moving to find out if your phone will

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be compatible, if you are free of contract obligations, and if your phone is unlocked. As a general rule, European phones will use the same frequency, but phones from CDMA carriers in the US and Canada will not. Mobile phones can be unlocked locally at Cellular World, in the Bay Town Plaza, opposite The Wharf Restaurant on West Bay Road. They charge between CI$45$65 depending on the phone but they cannot unlock FLOW iPhones without a code from FLOW. They can also repair mobile phones and replace cracked screens on iPads. For more information call them on (345) 943 2355 or email: repairs@ cellshop.ky. FLOW and Digicel sell a wide range of new handsets, some of which will be discounted. Purchasing a handset from one of the mobile providers on-Island is much more advisable as their selection of phones are set up to work best on the networks here, and you will get a warranty as well as access to authorized repair services. Roaming All mobile phone providers offer worldwide roaming, so that you can make and receive calls while travelling on your Cayman number. These calls fall outside your monthly plan allocation, meaning that you will be billed at much higher rates than at home for both outgoing and incoming calls and text messages, as overseas networks charge higher rates for visiting users. To enable frequent (and not so frequent) travelling, both Digicel and FLOW offer

Dialling Codes To the Cayman Islands From the UK: 001 + 345 + number From the USA: 1 + 345 + number

To the Caribbean: 1 + Country Code + number To the USA & Canada: 1 + Area Code + number To the UK: 011 + 44 + number Rest of the world: 011 + Country Code + number

CAYMANRESIDENT 2022

INTERNET AT HOME Logic, FLOW, Digicel and C3 all offer home-based internet plans with unlimited usage. Generally, the upload speeds offered by all four providers are very high. The higher the upload speed, the better the performance for downloading data, playing online games and streaming content. Logic offers download speeds as high as 500Mbps. Fibre optic installation is on-going, so how far the different fibre optic networks extend is constantly changing. Research what kind of coverage each provider has in your area. Fibre Optic (+TV) Logic, FLOW and C3 have all been busy over the past three years installing fibre optic cables so much of the Island can enjoy consistent superfast broadband speeds. As fibre optic cables allow such consistently fast download speeds, all three providers offering fibre optic broadband now also offer TV packages. The choice of channels will vary according to the provider but is generally based on US programming with add-on packages available for those who may want specific channels such as Hispanic, Filipino, sports or movies (see TV section for more information). Purchasing Internet and TV as a bundle will often be more economical than purchasing the two separately. Internet Providers At the time of writing, Logic’s fibre optic network was available in West Bay, the Seven Mile Beach area, George Town, South Sound, Prospect, Savannah and Bodden Town. Logic hopes to have extended to cover the whole of Grand Cayman in the

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roaming plans. Digicel roaming bundles provide customers valuable features including roaming to specific countries, free incoming calls and texts and an allowance of data and minutes to use while roaming. Bundles can be activated just before departure, and are usually valid for a specific period of time. To choose your roaming bundle, please review the plans available on the Digicel website.

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near future. Logic has recently increased their speeds to offer 10, 20, 30, 50, 100, 200 and 500mbps of fiber optic plans where available. Residential plans start from CI$65 per month, up to CI$255 with no contract. Logic TV, with anywhere from 25 to 144 channels, plus the ability to add on packages, is also available in fibre areas. Elsewhere, traditional cable TV is offered, with up to 53 channels. Installation takes approximately 5-10 days. FLOW has replaced much of their copper wires across Grand Cayman and Cayman Brac with fibre optics. Packages are offered to suit different needs and household sizes, from 10Mbps to 200Mbps. FLOW’s superfast broadband customers can access a range of FLOW TV packages, plus choose additional channels and enjoy HD entertainment. TV packages include US and Latin American programming plus Video on Demand content. You can receive a free demo online at www.discoverflow.ky or by visiting a FLOW retail store. C3 Pure Fibre offers a selection of fibre optic-based services. C3 Pure Fibre serves both residential and business customers with WiFi internet, TV, phone and IP services. Internet streaming and high-speed internet. For more information visit www. c3.ky or call (345) 333 3333. Digicel broadband for business and residential customers is available through their LTE network, offering internet of up to 50Mbps download speeds across all three Islands. Their pool of expert resources, robust network, and cutting edge technologies all work together to provide you with efficient connection for your business and personal needs. Internet on the Go It’s very easy to stay connected while on the move in Cayman. Depending on your phone, you may be able to create a hotspot through which other devices can connect to the Internet using your phone’s mobile data. Although the 4G LTE technology means connecting is fast, it can become an expensive option.


Providers’ Contact Details

9am-5.30pm, Saturday 9am-4pm

Phone Repairs

C3 Pure Fibre

> Countryside Shopping Village. Monday-Friday

Cellular World

409 Walkers Road, George Town. Monday-

10am-6pm, Saturday 10am-5pm

Bay Town Plaza, West Bay Road

Friday 9am-4pm, Saturdays 9am-1pm

> Stake Bay, Cayman Brac. Monday-Thursday

Tel: (345) 943 2355

Customer Service: (345) 333 3333

9am-4.30pm, Friday 9am-4pm

Cellular World can repair and unlock many

Email: info@c3.ky

> WhatsApp Virtual Store (345) 925 3569

brands of mobile phones and tablets.

www.c3.ky or https://business.c3.ky

To make an appointment to visit Customer Care, call (345) 949 7800 or Local Customer

iShop4u

Digicel Retail Stores

Care on (345) 747 5050

Bayshore Mall, 31 South Church Street, GT

> 45 Market Street, Camana Bay

Customer Service Email: cay-flowhelp@cwc.

Tel: (345) 928 3696

Monday and Wednesday-Saturday 9am-6pm,

com

Offers repairs for most models of phones,

Tuesday 10am-6pm

Main Office: (345) 949 7800

tablets and digital watches from Apple, Samsung, Google Pixel and Alcatel.

> Waterfront, 72 North Church Street, George Town. Monday-Saturday 9am-4pm

Logic

> Countryside Shopping Village. Monday-Friday

> Governors Square, West Bay Road. Monday-

10am-7pm, Saturday 9am-6pm

Friday 9am-6pm, Saturday 9am-1pm

> Corporate office: Cayman Technology Centre,

> Logic Main Retail Centre (off Eastern Avenue,

115 Printer Way. Monday-Friday 8am to 5pm

behind Rankin’s plaza), George Town. Monday-

Corporate office: (345) 623 3444

Friday 8.30am-5.30pm

Customer Care from Digicel mobile: 100

Tel: (345) 745 5555

Business Customers: (345) 623 2499

Customer

SEE AD PAGES 83 & 135

8.30am-8.30pm, Saturday 9am-6pm, Sunday

Support

Line:

Monday-Friday

11am-3pm Email: support@logic.ky or fibre@logic.ky

> Galleria Plaza, West Bay Road. Monday-Friday

www.logic.ky SE E AD T H I S PAG E

Local residents can enjoy international programming through cable, satellite and broadband. There are also three free local over-the-air TV stations which can be received in all households as long as the TV has an antenna. These are: Trinity Broadcast Network (channel 21 and Logic TV), CIGTV, the government channel (channel 23 and Logic TV) and the Seventh Day Adventist Network

Contact us about our Fibre Internet and TV Options today!

Your life connected. Fibre Internet and TV | Wireless TV | Phone

745.5555 | www.logic.ky

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FLOW’s Retail Locations:

TELEVISION


(channel 30 and Logic TV). Streaming services are a popular alternative to cable TV. There are a wide variety to choose from, however not all are available to stream on-Island. Netflix remains the most popular. Users have access to hundreds of shows, movies and documentaries, and more are added each month. There are three-membership plans to choose from, determined by how many devices can stream at the same time. Britbox offers Cayman Anglophiles their dream: a subscription-based service that streams live British TV feeds anywhere. Users can purchase a set-top box and subscription for US$250.

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Television Service Three companies (Logic, FLOW and C3) provide TV programming to the Island. Logic also has a cable TV service and Dish Direct TV provides satellite TV. Logic TV offers TV services through high-speed fibre optic cables where these are available. If fibre optic cables are not available, then a wireless cable TV service is available. Logic Fibre Optic TV has four tiers of packages available starting at CI$39 per month all the way up to CI$125, and include a number of HD channels. Addons for HBO, MAX and sports channels can also be purchased. Installation fees are waived when purchasing internet and TV as a bundle, or upgrading from cable TV to fibre TV and adding internet. Set-up includes one set top box. In households with multiple TVs, additional set top boxes can be rented for CI$12 per month. If additional set top boxes are requested after the initial installation is complete, there is a CI$50 installation fee per set top box. A Whole Home DVR (Digital Video Recorder) is also available for an additional CI$16 per month. Only one device is required per household, but it enables you to watch, pause and rewind live TV and record shows at different times on different TVs. Logic TV also offers free Video On Demand. In areas where Logic does not have fibre optic services, a wireless cable TV service is available. Cable customers 138

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will have individual receiving antennas at their home. Installation is CI$99 and includes one cable box, but you can order extra boxes when you sign up. Three tiers of cable packages are available, priced from CI$39 to CI$72 per month. All include 50 music channels and eight radio stations. Various add-on channels can be purchased for any of the packages. A Logic DVR that allows you to pause, rewind, fast forward and record shows is also available for CI$16 per month. Customers can bundle their TV, internet and phone plans and save up to 10%. For more information on all Logic TV services and packages call (345) 745 5555 or visit www.logic.ky. FLOW TV works with broadband and a FLOW supplied set top box. Customers choose between four monthly base packages offering a range of channels at differing price structures, or you can customise your channel lineup. Packages start at CI$40 per month.

deposit required for Pre-Pay electricity), show proof of ownership and a photo ID. Tenants are required to complete and sign an Application for Electrical Service, pay a deposit (for post-paid accounts), provide a signed rental agreement or lease and submit a photo ID. Applications should be submitted online. The Customer Application Form can be found on CUC’s website at www.cuc-cayman.com. CUC’s Customer Service Centre is located at the Company’s Administration Building on North Sound Road in George Town and Customer Service Representatives are available to answer inquiries in person from 9am-4pm Monday-Friday (not including public holidays). All other business should be conducted by telephone or e-mail. The security deposit required for existing post-paid electricity accounts (billed

Satellite Dish Direct TV supplies

satellite TV services, Sling TV as well as a range of international and special interest programmes. TV Programming packages start from CI$42.99 per month. The price for programming depends on the selection of channels you want. They are located in the BrandSource Centre, 209 Dorcy Drive, Industrial Park. Tel: (345) 949 4000 or email: sales.dishdirecttv@candw.ky or dishdirecttv@candw.ky.

Cayman’s Electrical Plug

UTILITIES

Electricity is the sole provider of electricity to Grand Cayman. Grand Cayman runs on a 120 volt electricity system with three-pin plugs. However, the outlets are designed to accommodate a two-pin American plug (see picture opposite). To obtain electricity services, property owners are required to complete and sign an application for electrical service, pay a deposit for Post-Pay Service (there is no Caribbean Utilities Company, Ltd. (CUC)

Cayman’s Electrical Outlet


ultimately save you money. Due to the initial impact of COVID-19, a base rate increase effective 1st June 2020 was deferred to 1st January 2021 as part of a number of customer relief initiatives. As of 1st January 2021 base rates were CI$0.1185 per kWh for residential customers with a monthly facility charge fee of CI$5.82. There is an additional regulatory and licensing fee of CI$0.0051 per kWh, which applies only to usage over 1,000 kWh per month. After factoring in the surcharges for cost of fuel, fuel duty, and energy purchased from third party sources, the effective residential rate in January 2021 was approximately CI$0.2149 per kWh. The cost of electricity is the same islandwide and does not fluctuate depending on the time of day. Bill payments are not accepted at the Customer Service Centre, but details on the numerous payment methods are listed under “Payment Methods” on the Company’s website.

Caribbean Utilities Company Ltd. (CUC) > Administration Building: 457 North Sound Road Opening Hours: Monday-Friday 8am-5pm Customer Service Centre (Administration Building): Monday-Friday 8am-5pm > Customer Service Centre: Caribbean Plaza, West Bay Road Opening Hours: Monday-Friday 8.30am-4pm PO Box 38, Grand Cayman KY1-1101 Tel: (345) 949 5200 24-hour Fault Reporting: (345) 945 1282 Email: service@cuc.ky www.cuc-cayman.com

Gas - Household Gas is a safe and efficient energy solution for powering your home appliances. Propane is a non-toxic gas that provides a greener and more economical alternative for a wide range of appliances. By using propane, you can save up to 40% on your energy bill and reduce your carbon emissions by 85%. The 20lb cylinders used for barbecuing can be found at almost every gas station in

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monthly) is calculated based on the average historical usage of the property for 45 days of consumption. Deposits for newly constructed residential homes/condos are calculated based on square footage and the number of bedrooms. Monthly electricity bills will vary depending on the size of your house condo/ apartment, your lifestyle, how often you run your air conditioning, the efficiency of your air conditioning unit, the age of the property and how well the property is insulated, among other factors. It is important to note that the Seasonal Energy Efficiency Rating (SEER) and regular maintenance of your air conditioning unit can make a big difference in kilowatt-hour (kWh) consumption and your monthly electric bill. The lower the SEER, the more energy will be consumed for the same amount of cooling. A SEER of 16 for example, will consume more electricity than a SEER of 18 or higher. Managing your energy usage and getting your air conditioning units serviced regularly will


Cayman, where you can buy a new filled cylinder or swap an empty used cylinder for a full one. Various gas companies around the island allow customers to have their own cylinders filled at a fraction of the cost of exchange. Bulk delivery can be utilised by installing a larger on-site tank either in the ground or a tall 100lb cylinder. Many houses in Cayman have an underground refillable propane tank in their garden or one standing alongside an exterior wall. The gas is then piped into the house. The size options for the tank vary depending on the amount, quantity and type of appliances being used. Gas prices may vary and are subject to change based on the procurement costs. The price has remained quite stable and has not seen an increase in several years. In fact, it has seen several decreases as Cayman’s market place has grown. In addition to cost and energy savings, another benefit is that many of your propane appliances can still be used even in the event of a power outage. If you would like a free consultation to determine the energy savings your home or company can achieve by switching to propane, call either Clean Gas or Home Gas.

the cooler water since 1974

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Clean Gas 277 Sparky Drive, Industrial Park www.cleangas.ky

Puriied Drinking Water

Home Gas Ltd.

Free Weekly Delivery to Home & Office

Walkers Road Plant, 490 Walkers Road, GT Tel: (345) 949 7474

5 Gallon Bottles

www.homegas.net

Cooler Sales & Rentals

and commercial use. Offering a full-360 service

Home Gas supplies propane gas for residential operation including installation, maintenance

BPA FREE

and repairs as well as gas supply and delivery. Home Gas also offers appliances, including water heaters, cooking stoves/ovens, dryers, generators, outdoor fire features, tiki torches

Office (‘OfReg’) of the Cayman Islands confirms that there are 11 Rubis and 11 Esso (SOL) petrol stations in the Cayman Islands, all with attached convenience stores. There is only one independent retail station know as Refuel, located on Grand Cayman, which markets ethanol blended gasoline and biodiesel blended fuels. As of July 2021, the average full-service price for premium, regular and diesel fuel was CI$5.03, CI$4.80 and CI$4.51 per imperial gallons (IG) respectively, although prices vary from one station to another. Self-service petrol prices are typically 5¢ per IG less than full-serve prices. At the time of going to press, the cost of premium petrol in Florida was in the region of US$3.74 per US gallon (3.785 litres) or CI$3.06. The average price of a litre of fuel in the UK was around £1.25 for petrol and £1.37 for diesel per litre. Weekly prices for retail fuel across the Islands are posted on OfReg’s website: www.ofreg.ky. The (import) duty component of gasoline is 75¢ per IG and 85¢ per IG for diesel. The quality of gasoline sold in Cayman is equivalent to a mid-grade unleaded (octane level 89) and a super premium unleaded (octane level 93) often sold in the US. Some high performance cars will experience problems if they are not run on the highest octane fuel available. Scotts Landing at the Barcadere Marina sells diesel and gasoline for cars and boats. They add a high performance fuel additive called ValvTect which increases the quality of the fuel. It is specifically formulated for marine engines but works very well on automobiles as well. Cayman Islands Law states that all fuel stations must display their fuel prices in CI dollars and imperial gallons, except at marinas where CI dollars per US gallon (which is approximately 20% less per volume than imperial gallons) is allowed. Make sure that you are being charged appropriately.

and more. Their services are available on all three Islands. SE E AD PAG E 139

Water (Tel: (345) 945 4277) and (Tel: (345) 949 2837) supply Grand Cayman with quality Cayman Water

Petrol & Diesel The Utility Regulation and Competition 140

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Water Authority - Cayman


Add an extra layer of protection with ICWI’s

Comprehensive Plus

10

(Private Car policies only)

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water. In the case of both companies, water is extracted from deep underground via a series of abstraction wells. The water that is extracted is saline groundwater and has to be treated using reverse osmosis. This process, with the addition of three fluoridefree chemicals, makes the water safe to drink straight from the tap. All chemicals added to the water are approved by the NSF International (formerly National Sanitation Foundation) for potable water use. Cayman Water serves the Seven Mile Beach and West Bay areas, while the Water Authority serves the rest of Grand Cayman and Cayman Brac with piped and trucked water. Currently piped water is only available to customers on the western end of the Cayman Brac, the remainder is served by water trucks. Water Authority will continue to expand its network in Cayman Brac, with a new Bluff Water Works facility. Both companies require you to fill out an application, present your Land Registry form for proof of ownership and pay a non-refundable connection fee that varies according to the size of your water meter. Please note that both companies only allow property owners (not renters) to apply for water service. If you are a tenant, please arrange with your landlord to receive duplicate billing. Always be sure to inspect your home regularly for dripping taps and ‘phantom flushing’ toilets to avoid an unexpectedly high water bill. If you suspect a leak, contact a licensed plumber as soon as possible. At Cayman Water, in August 2021, the first 3,000 US gallons for a residential customer was charged at CI$18.98/1000 gal. Anything above that costs CI$22.77/1000 gal. An energy adjustment factor surcharge is applied each month that varies according to the cost of electricity. Monthly meter charges also vary depending on the size of the meter, from CI$3.50 to CI$40 for meter sizes ranging from 5/8” to 6”. Cayman Water’s website provides additional information

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to customers, such as current water quality data and answers to frequently asked questions (www.caymanwater.com). At Water Authority-Cayman, the first 12 cubic meters (m³) (approximately 3,200 US gallons) is charged CI$4.34/m³. Anything above that costs CI$5.57/m³. In addition, there is also a statutory fee of $0.22/m³, and an Energy Adjustment Factor charge (that varies monthly and covers the fluctuations in the cost of electricity to produce the desalinated water). Monthly meter charges also vary depending on the size of the meter, from CI$5 to CI$58 for meter sizes ranging from 20mm to 150mm. The Water Authority’s website (www.waterauthority. ky) allows property owners to register for an online account and pay their bill electronically. For emergencies outside of business hours, call (345) 946 4357.

reusable BPA free five gallon bottles that are delivered to your home or office by the water company. You can also buy imported bottled water from the grocery stores although this is being stongly discouraged as most of the plastic is not being recycled. Alternatively, you can install an underthe-sink water filter system for well-water or city-water. The ‘City Water Filter’ from Ion Faucet removes all the chlorine that is put in desalinated water and you can add a remineralising filter to put in the minerals that desalinated water does not have. See www.ionfaucet.com. Flowers Bottled Water 172 Seymour Drive, Industrial Park, GT

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Flowers Block 184 Seymour Drive, Industrial Park, GT Tel: (345) 623 0000 Email: customerservice@flowersgroup.com Offers bulk water for those who need their cisterns filled. They also provide pool water. INSURANCE

Cayman has a wealth of insurance companies that can provide coverage for your home, car, life, health, property, contents, liability and much more. Boat Insurance Refer to the Boating chapter for a list of companies that offer boat insurance.

Tel: (345) 949 8688 Email: sales@flowerswater.com They sell purified, chlorine-free water in fivegallon BPA-free bottles. They deliver to homes and offices or you can pick up five-gallon bottles

Bottled Water Locally bottled water is clean, affordable, tastes good and comes in large blue

Bulk Water

Car Insurance Refer to the Transportation chapter for more information and page 269 in this chapter for insurance providers.

from convenience stores and petrol stations Island-wide. SEE AD PAGE 140

Health Insurance Under the law, all residents of the Cayman


from your company. Most companies will also offer an enhanced or premium plan as an option, but the cost for this can be in the region of CI$400-CI$800 per individual per month, CI$1,600 per couple and well over CI$2,000 for a family. Make sure to ask how much of this you will be expected to pay. Health insurance rates depend on the size of the group, the age of the employees, if there are any pre-existing conditions and whether it is a standard or premium plan. Rates will increase each year if there are any major claims. The good news is that premium plans always offer global coverage and the benefits are very extensive. The basic SHIC plan only provides on-Island care, and will only offer overseas care when treatment is not available in Cayman. The coverage for dental, prescriptions, out-patient doctor’s visits or diagnostic procedures is also limited. If you have to find your own health insurance policy, consider using a broker to see which insurance plan would work best for you. They don’t charge and they do all

the leg work. Your doctor or dentist may also have some valuable advice as well. For more information, and to see a list of health insurance providers and brokers, please see the Health & Wellness chapter. Home Insurance The average cost of annual house insurance is based upon a percentage of the property value and generally, includes liability insurance. Waterfront properties may attract higher insurance rates depending on the value of the property, their proximity to the water, storm-protection features, and height above sea level. If your property is part of a strata corporation, the building must be insured in the name of the strata. Each owner then pays a portion, usually based on square-footage, which is often included in the monthly strata fees. The Cayman Islands Government charges a flat rate of CI$12 Stamp Duty on all insurance policies, plus an additional Stamp Duty fee of 2% of the premium for policies covering immovable property.

“Opening Doors to Wellness For Our Members” Government-owned INSURANCE COMPANY which provides HEALTH INSURANCE COVERAGE to residents of the Cayman Islands

PRODUCTS

CINICO currently offers health insurance products in the following categories:

Civil Servants & Pensioners

Health care coverage available to Civil and Public Servants and their dependents.

Seafarers & Veterans

This plan provides health insurance coverage to qualified Seafarers, Veterans and their dependents, and is administered on behalf of the Ministry of Finance.

Standard Health Insurance Contract (S.H.I.C.) Plan

As it is a legal requirement for all residents of the Cayman Islands to have health insurance coverage, this plan provides the minimum coverage required by law, and is available to all residents upon application and payment of premiums.

SERVICES

Medical Case Management & Claims Units

There is no doubt that with this level of in-house expertise, as well as exceptional customer service, CINICO’s members enjoy the invaluable benefits of a sense of security and peace of mind.

Cayman Centre, 1st Floor, Airport Road | P.O. Box 10112, Grand Cayman KY1-1001 Tel: 345-949-8101 | Fax: 345-949-8226 | www.cinico.ky

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Islands must have health insurance, and all employers are obligated to ensure that their employees, their unemployed spouse and dependent children residing on-Island are also covered. The options for coverage range from the basic SHIC plan (Standard Health Insurance Contract), to premium plans that cover everything and cost a lot more. The law states that the employer must cover at least 50% of the cost of the basic SHIC plan but they are not obligated to cover any of the costs of your unemployed spouse or children. Therefore knowing how much your health insurance deduction will be each month is crucial to working out if you can afford to live here. The basic SHIC plan is not expensive: the cost for an individual is in the region of CI$150-CI$167 per month, for a couple CI$300-CI$372 and for a family CI$465-CI$508. If you would like to add dental and vision coverage then that costs approximately CI$30 more per month per individual. However, the benefits are fairly basic, so make sure to ask for a breakdown


Cayman New Resident July 2018 final.pdf

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This means that if you purchase or renew an existing policy on your home and the premium for the house is/was CI$5,000, you would pay Stamp Duty of CI$112 (2% of CI$5,000 plus CI$12). The fee is due in full at policy inception and does not go to the insurance companies. Shop around for an insurance rate to suit your needs.

Get a quote today. www.caribbeanalliance.com

HOME

MOTOR

10

CONTENTS • LIABILITY • BUSINESS • TRAVEL • MARINE

SETTLING IN

Tel: +1 (345) 949-9744 Email: Aleisha.Lalor@caribbeanalliance.com #203 Alissta Towers, 85 North Sound Road P.O. Box 1762, Grand Cayman, KY1-1109

For generations, CIC has been providing comprehensive insurance - for life, health, property, motor and more.

Cayman Insurance Centre LTD. Insurance Brokers

Join the circle of life. Enjoy peace of mind now and in the future.

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MARINE

LIFE

HOMES & COMMERCIAL PROPERTIES

PROFESSIONAL INDEMNITY

DIRECTORS & OFFICERS LIABILITY

GROUP HEALTH

LIABILITY

CONSTRUCTION INSURANCE

CAYMANRESIDENT 2022

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www.cic.com.ky Cayman Business Park, 10 Huldah Ave (Thomas Russell Roundabout) P.O. Box 10056, Grand Cayman KY1-1001 GRAND CAYMAN (345) 949-4657 (345) 949-8137 CAYMAN BRAC (345) 948-1382 (345) 948-1380

Contents Insurance Budget for about CI$500 per CI$35,000 of coverage. If you are renting a property, your landlord may have insurance to cover the contents provided in your unit, but anything belonging to you needs to be covered by your own policy. The risk of theft in Cayman is relatively low; however, due to the chance of flooding and hurricane damage, insurance is recommended. Insurance companies suggest you make a list of all your home contents and personal possessions, including relevant serial numbers, and the current replacement cost for each article. This will ensure you do not inadvertently under-insure your contents. The consequences of underinsuring your contents are simple: if the insurance company finds you have insured your contents for CI$10,000 when they are really worth CI$20,000, and your loss is CI$5,000, then they will only reimburse you CI$2,500. This is called the condition of average and is not unique to Cayman. You should review your insured items list every year to update the values, as these details will assist in faster claims settlements. Under-insurance is also applicable to your home insurance. You need to ensure your property rebuild valuation is current and the sums insured are adequate. If you own property that is part of a strata complex, your kitchen contents will likely be covered by the strata’s building insurance. Otherwise you will have to insure your kitchen appliances yourself. Travel Insurance If you are looking to travel, you might want to consider travel insurance. Please refer to the Travel chapter for more information.


Insurance Providers

builders’ liability coverage. Bogle is a wholly

www.cgcoralisle.com

Aon Risk Solutions (Cayman) Ltd.

Caymanian owned and operated firm equipped

For more than 35 years, CG BritCay Insurance

Tel: (345) 945 1266

with a wealth of knowledge in the local and

has been known as a company that offers

Email: aoncayman@aon.com

international markets. SE E AD PAG E 145

security, stability and great customer service.

www.aoncayman.com

Products

offered

include:

Property

and

Products: risk management broker services

Briat Insurance

Casualty (home, motor, marine, travel and

offering

Tel: (345) 525 0030

commercial insurance), Health Insurance and

business and liability insurance, personal

commercial

customers

strata,

Email: info@briatgroup.com

Employee Benefits, Life Insurance and Pension

customer’s home, motor and marine insurance

www.briatgroup.com

Services. SEE AD PAGE 147

plus health, life and disability policies for

Briat Insurance focuses on providing insurance

employer groups. SE E AD PAG E S 142 & 293

solutions and risk management services to a

CINICO

range of commercial customers, including group

Cayman Centre, 1st Floor, Airport Rd, GT

Balderamos Insurance Services

health and executive homeowners. Through

Grand Cayman Tel: (345) 949 8101

Tel: (345) 945 3450

Briat’s extensive relationships throughout the

Cayman Brac Tel: (345) 948 8101

Email: bis@candw.ky

industry, they have the ability to place into

www.cinico.ky

both the regional insurance and international

A Government-owned insurance company

Bogle Insurance

specialty markets, including Lloyds of London.

offers the Standard Health Insurance Contract

34 & 35 Pasadora Place, Smith Rd, GT

Briat is a global partner under the Gallagher

(SHIC plan) to all residents of the Cayman

Tel: (345) 949 0579 or (345) 623 0579

Global Alliance (GGA) programme.

Islands, as either an individual, couple or family.

Email: service@bogleins.com

SE E AD PAG E 74

SEE AD PAGE 143 & 295

only property and health insurance, Bogle

CG BritCay

Cayman First Insurance Company

has evolved into a comprehensive insurance

BritCay House, 236 Eastern Avenue GT

Cayman First Centre

provider. Their services include property,

Tel: (345) 949 8699

17 Vibert Bodden Drive, off Shedden Road, GT

health, life, motor, marine, business/ strata and

Email: info_ky@cgcoralisle.com

Tel: (345) 949 7028

10

Since its inception in 1988, then offering

www. c a y m a n r e s i d e n t . c o m

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145


Email: askus@caymanfirst.com

The Insurance Company of the West Indies

Marsh provides clients with a single source

www.caymanfirst.com

(Cayman) Limited (ICWI)

for

Cayman First offers a full line of general

Tel: (345) 949 6970

experienced team of professionals can assist

insurance products and affordable group and

Email: cayman@icwi.com or www.icwi.com

by developing a comprehensive employee

individual health insurance products that

Products: Motor, Property, Casualty, Liability

benefits programme, including group medical

respond to the changing needs of individuals,

and Marine. Ask about REACT, Family Pack,

and ancillary plans. The Property & Casualty

households

Uninsured Motorist, Accident Forgiveness and

team offers insurance including but not limited

Alternative Transport under Motor Policy.

to strata, marine, homeowners, business and

SE E AD PAG E 141

liability insurance, contractor’s all risk and

products:

and Health,

businesses. Home,

Insurance

Motor,

Marine,

Casualty and Commercial. SE E AD T H I S PAG E

risk

management

services.

Their

professional indemnity. SE E AD PAG E 294

SETTLING IN

10

Caribbean Alliance Insurance

Island Heritage Insurance Company, Ltd.

203 Alissta Towers, North Sound Road, GT

Tel: (345) 949 7280

Massy United Insurance

Tel: (345) 949 9744

Email: customercare@islandheritage.com.ky

Cayman Technology Centre, George Town

Email: aleisha.lalor@caribbeanalliance.com

www.islandheritageinsurance.com

Tel: (345) 743 1900

www.caribbeanalliance.com

Insurance providers for Home, Motor, Yacht,

Email: info.ky@massyunitedinsurance.com

Products: Home, Contents, Motor, Liability,

Commercial Property, Liability, Contract Works

Products: Home, Contents, Motor, Personal

Business and Marine. SE E AD PAG E 144

and Pension.

Accident, Marine and Business.

SE E AD PAG E S 148, 167 & 269

Cayman Insurance Centre (Insurance Brokers)

Pensum Services

Cayman Business Park, Unit A3, 10 Huldah Ave

Marsh Management Services Cayman Ltd.

Unit A7, Cayman Business Park

Tel: (345) 949 4657

(Marsh)

Tel: (345) 923 6655

Email: info@cic.com.ky or www.cic.com.ky

Governors Square, 23 Lime Tree Bay Avenue

Email: insurance@pensum.pro

Products: Life, Group Health, Individual Health,

Main Tel: (345) 949 7988

www.pensum.pro

Property,

Email: caymanoffice@marsh.com

Pensum has 15 years of experience in

www.marsh.com

international

Motor,

Liability,

Professional

Indemnity. SE E AD PAG E 144 & 166

insurance

including

DO YOU HAVE A PLAN? Filling a house with the things you cherish and the memories you have made is what transforms it into a home. Cayman First offers industry-leading insurance protection that can help you build a plan to protect the lifestyle you have created. We provide innovative insurance solutions for individuals, households and businesses that offer protection from life’s uncertainties. • Property

• Liability

• Motor

• Health

What’s first for you comes first for us. Contact us at (345) 949-7028 askus@caymanfirst.com www.caymanfirst.com

HOME

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CAYMANRESIDENT 2022

COMMERCIAL

»

MOTOR

MARINE

STRATA

marine,


aviation, commercial and private property-

as a Class A Domestic Insurer. They are a

related insurance and health insurance for

member of the Sagicor Group of companies

international crew members.

which operates in over 22 countries across the Caribbean and USA. Sagicor offers a diverse

Saxon Insurance

range of Life Insurance products to fit your

Tel: (345) 947 2966

individual needs. SEE AD PAGES 127 & 148

Email: insurance@saxon.ky www.saxonmg.ky Insurance services include: vehicle, property, contents, travel and commercial. Vanguard Risk Solutions

PENSIONS

Private (Non-Government) Pensions The Cayman Islands is different from other jurisdictions when it comes to pensions. There are two pension sectors

in Cayman, privately funded pension plans and Government funded pension plans for civil servants (see page 149 for information on Government funded pension plans). The private sector pension plans are funded by employees and employers but Government-mandated. The National Pensions Act requires both employees and employers to contribute a total of 10% of the employee’s monthly earnings to an approved pension plan. The law states that employers must contribute

36A Dr. Roy’s Drive, Cayman Financial Centre Tel: (345) 949 5836 Email: info@vrscayman.com www.vrscayman.com A leading insurance broker in the Cayman Islands for over 35 years providing independent and trusted advice from experienced and qualified professionals. Vanguard offers a comprehensive range of insurance solutions for both individuals and companies including for homes, commercial and condominium buildings, general and professional liability, SEE AD PAGES 141 & 296

Life Insurance Michael Webster is an independent broker who specialises in life insurance. Other insurance providers listed in this chapter may also provide life insurance. Michael Webster - Life Agent Tel: (345) 925 5433 Email: michael.webster@cic.com.ky

In other words, you can get everything you need in one place.

www.lifeinsurance345.com

At CG Britcay, we can help you protect your personal belongings,

Michael Webster offers protection for both

motor, home, health and more, all in one convenient location.

your mortgage and family. He offers term life,

To learn more, visit cgcoralisle.com

mortgage protection term life and whole life

SETTLING IN

motor, marine, health and group life insurance.

We’re like packing a box and everything fits perfectly.

10

policies. For peace of mind, call for a free, no obligation quote. SE E AD PAG E 166 Sagicor 198 North Church St, GT Tel: (345) 949 8211 Email: cy_infocayman@sagicor.com www.sagicorcayman.com

British Caymanian Insurance Company Limited BritCay House, 236 Eastern Avenue, P.O. Box 74, George Town, Grand Cayman KY1-1102, Cayman Islands tel: 345-949-8699

Sagicor has operated in the Cayman Islands for over 30 years and is registered with the

Good Like That.

cgcoralisle.com |   @cgcoralisle

Cayman Islands Monetary Authority (CIMA)

»

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195626_PRINT-Ad-Resident-ThirdPgPage 1

9/16/20

12:16:00 PM

SETTLING IN

10

Promises. MAKE IT A POLICY TO ALWAYS KEEP YOUR

With our full range of Life Insurance products, we can help you ensure your loved ones are always protected. OUR PRODUCTS INCLUDE: • CRITICAL ILLNESS COVERAGE • LIFE INSURANCE • MORTGAGE PROTECTION • ANNUITIES • INVESTMENTS • FAMILY PROTECTION

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a minimum of 5% and employees must contribute a maximum of 5%. Those who are self-employed are required to contribute 10% of their earnings to a pension plan. In May 2016, the National Pensions (amendment) Act 2016 was passed with over 50 provisions revised. A few of those changes to the Act include: > Adjusting the normal age of entitlement from the age of 60 to 65 for those who are 47 and younger as of 1st January 2017. Those who were 48 and older as of 1st January 2017, may still retire at 60 (early retirement at 50). > Raising the maximum annual pensionable earnings from CI$60,000 to CI$87,000. > Accessing voluntary contributions for housing, medical, educational, and unemployment purposes. > Non-compliance from employers can result in fines up to CI$10,000 and possible imprisonment. In April 2020, an amendment to the National Pensions Act was passed that enabled workers to access their private pension funds up to a certain amount to assist those who had been financially impacted by the COVID-19 pandemic. The scheme was open to both Caymanians and non-Caymanians, as well as those who are self-employed. Under the emergency-withdrawal scheme, private pension members could withdraw from their accounts 100% of their pension funds not exceeding CI$10,000, and 25% of funds in excess of CI$10,000. Those who left the Island after 1st February 2020 were also allowed to withdraw funds from their pensions. Public servants have not been granted access to their government pensions. This scheme drew to a close on 31st October 2020 by which time 43,000 applications had removed CI$489.3 million from thier pensions. The Government also implemented a ‘pension holiday’ retroactively from 1st April 2020 that was extended until 31st December 2021 in June 2021. It allowed


Registered Pension Providers BAF Insurance Company (Cayman) Ltd. Dot Com Centre, Dorcy Drive, Industrial Park Tel: (345) 949 5089 Email: cayman@mybafsolutions.com Cayman National Pension Fund Suite 6201, 62 Forum Lane, Camana Bay Tel: (345) 640 9263 www.caymannational.com

2nd Fl, Strathvale House, George Town Tel: (345) 745 7630 www.chamberpension.ky Coralisle Pension Services Ltd BritCay House, 236 Eastern Avenue, GT Tel: (345) 949 8699 Email: pensions_ky@cgcoralisle.com www.cgcoralisle.com Excellent

investment

returns;

competitive

administration/investment fees (no hidden fees); contributions allocated and invested every month; personalised and flexible investment strategies;

comprehensive

employee

capital

management

and

careful

analysis of risk/return. Pension members are provided with the solutions, resources, tools and guidance needed to develop and manage a retirement strategy. SE E

AD OP P OSI T E PAG E AN D

PAG E S 167 & 269

Silver Thatch Pension Plan (Powered by Saxon Pensions) Saxon Centre, 14 Saturn Close, Eastern Avenue Tel: (345) 943 7770 Email: support@silverthatch.org.ky

Public Service Pensions Civil servants and other public servants are members of the Public Service Pensions Plan (PSPP), which is administered by the Public Service Pensions Board (PSPB). This means that 15 ministries and portfolios of the Cayman Islands Government, along with 13 Statutory Authorities and Government Owned Companies are actively participating in the PSPP. As the largest pension administrator in the Cayman Islands, the PSPB oversees pension accounts for over 10,000 individuals, with over 1,800 of these members being pensioners. The PSPP has both Defined Benefit and Defined Contribution components. Any member who joined the PSPP prior to January 2000 is part of the Defined Benefit Plan portion. Individuals who join the PSPP after January 2000 are part of the Defined Contribution Plan. This means that if you are looking at starting employment with one of the PSPP’s participating employers, you will join the Defined Contribution Plan.

and

employer statements; enhanced access that allows members to verify and make amendments to their account details and investment allocations online. Island Heritage Retirement Pension Plan Island Heritage House, 128 Lawrence Blvd Tel: (345) 949 7280 www.islandheritageinsurance.com Island Heritage and the BF&M Group of companies offer long-term value through

from the average of the rates of return received on investments for the previous three years, net of expenses.

Contributions & Rate of Return:

For plan members of the Defined Contributions Plan, contributions of 6% will be deducted from your salary or wages and will be credited to your Employee Contribution Account. A further 6% of your pensionable earnings will be credited to your Employer Contribution Account on your behalf by your employer. The balances in both these accounts will increase each year based on a credited rate of return, which is calculated

Your age, years of service and Caymanian Status are all factors that will determine your retirement options, or options available to a plan member if they leave the PSPP before becoming eligible to retire. The normal retirement age is 65, but early retirement options are available for plan members with at least 10 years of qualifying service. Upon electing to retire, a plan member can collect a full monthly pension or they can elect to commute up to 25% of their benefit as a lump sum and receive a reduced monthly pension. If a plan member is no longer employed with a participating PSPP employer and they are not eligible for retirement, they have options to leave their accrued benefit in the Plan until retirement, transfer it to another approved plan in the Cayman Islands or request a cashout of their accrued benefit. Of note, the cash-out option is subject to satisfying specific conditions relating to a nonCaymanian no longer working and residing in the Cayman Islands. Retirement Options:

Public Service Pensions Board:

If members want to find out information specific to their pension, they can meet one-on-one with a PSPB member services officer. Walk-in service is available Monday to Friday or by appointment at both of the PSPB offices. The PSPB Grand Cayman office is located at the Government Administration Building (133 Elgin Avenue) in George Town and the PSPB Cayman Brac office is located at 5 Dennis Foster Road in Cayman Brac. For more information, visit www.pspb.ky or contact the PSPB on (345) 945 8175.

Tell them you saw it in the

»

www. c a y m a n r e s i d e n t . c o m

149

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Chamber Pension Plan

active

THE

both employees and employers to opt out of pension contributions for the duration. While the pension withdrawal scheme has been incredibly helpful for those who had their livelihood impacted by COVID-19, some Government MLAs have voiced their concern that it will have a significant knock-on effect some years down the line. If you have a query regarding the new Pension Act, call the Department of Labour and Pensions at (345) 945 8960 or visit www.dlp.gov.ky.


Home Finding a

Photos courtesy of Jonathan Sparrow and Design Cayman

Overview of Cayman’s residential areas, renting guidelines, resources for finding a place to live, buying a property and temporary accommodation.

FINDING A HOME

11

Overview of the Property Market -Homes & Land - Condos & Apartments - New Developments - The Real Estate Industry in Cayman

150 152 152 152 154

Overview of Residential Areas - Grand Cayman - Cayman Brac - Little Cayman

156 156 167 167

Buying a Property - Stamp Duty & Other Charges - Legal Conveyancing - Mortgages & Borrowing - Insurance Required for Mortgages - Strata Titles - Property Valuations & Appraisals - Pitfalls to Avoid - Home Inspections & Site Surveys - Property Management Services - Realtors - Sales

168 169 169 170 171 171 171 172 173 174 175

Renting a Property - Starting Your Search - Related Costs - Realtors - Rentals

177 177 178 179

Temporary Accommodation

179

OVERVIEW OF THE CAYMAN PROPERTY MARKET

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During the first eight months of 2021, Cayman’s real estate sector was as active as it has ever been. Government initiatives like the Global Citizen Concierge programme (designed to attract digital nomads and their families), and the granting of Residency rights through real estate investments allowed qualifying individuals to relocate to the Cayman Islands with minimal red tape. These attractions sustained international investment interest, despite ongoing border closures, and sales continued to go ahead ‘sight unseen’ or via Zoom viewings. If that was not enough to catapult market values towards exponential growth, the lockdown period of 2020 inspired some locals to review their lifestyles and upgrade to homes with more office space or outdoor living area; while other homeowners, especially those at the very high end, benefitted from realtors who were eager to make a match, knocking on their doors and proposing a price! However, this past year also shone a spotlight on the negative impacts of Cayman’s open housing market. A high demand for properties combined with a dwindling inventory has drastically inflated prices. Entry-level homes presently start at around CI$300,000, with many banks requiring a down payment of at least 10% – and this doesn’t account for additional administration fees! Many young Caymanians or lower-income families are finding themselves priced out of the market and unable to compete with high-net-worth bidders from overseas who are prepared to pay


SCAN ME

Let us help you find your way home, visit coldwellbankercayman.com

Grand Cayman +1 (345) 945-4411 | Cayman Brac +1 (345) 325-3601 | Little Cayman +1 (345) 948-1083 Toll-free +1 (561) 450-8444 | Email info@coldwellbankercayman.com

© 2021 Coldwell Banker Cayman Islands Realty. All rights reserved. Each office Is independently owned and operated. Member of CIREBA.


FINDING A HOME

11

upfront. While stamp-duty is waived for first time Caymanian buyers, there are increasingly few properties available on the market below the qualifying price point. The Government has proposed further concessions to mitigate these issues, however, industry experts argue that certain solutions, such as placing restrictions on foreign investments, could instead discourage necessary development and destabilise the economy. Although the current real estate climate is great news for sellers, home ownership is an important part of future social stability, and we hope 2022 brings further partnership between private developers and the Government as they seek more sustainable and effective development solutions. Homes While the number of available properties on Island has been steadily dropping by an average of 15% per year and there was a notable decrease in the number of sales recorded during the first wave of the pandemic, 2021 witnessed a huge increase in the number of singlefamily home sales, 18% higher than even the pre-pandmic figures in 2019. The average sales price was also 53% higher in 2021 than in 2020! Presently, a 2-bedroom cottage in Cayman Brac goes for US$205,000 and a South Sound waterfront palace in Grand Cayman goes for US$49,950,000 (September 2021)! Land After 2020’s up-and-down year for land sales due to the overall global climate, the first half of 2021 saw a restabilising and gradual increase in certain areas. 72% more Low Density Residential land parcels were sold in the first half of 2021 versus the same period of 2020, with the average price being 53% more than last year. These lots are often sold for single-family homes in more attractive areas and are more expensive than others. In contrast, 73% fewer Medium Density Residential land parcels were sold in the first half of 2021 and 50% fewer High Density Residential 152

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land parcels were sold. Many of these parcels were sold over the past few years leaving Cayman with a lack of supply in this category. For Beach Resort Residential land parcels, 200% more were sold during the first half of 2021, compared to the previous year! These are development parcels and are considered a longer-term play, which is always a preferred option for purchasers if they can afford it. Condominiums & Apartments Condos will always be in greater demand than other residential options in a resort location like Cayman. According to CIREBA records, there were 471 condos available for sale across Cayman, as of August 2021, the majority of which were either pre-construction units or in-land developments. A whopping 97% more condos were sold in the first half of 2021 vs 2020. Presently, a 1-bed unit in West Bay goes for CI$305,000, while a 4-bed on Seven Mile Beach at the Watermark is priced between CI$8-10 million. However, you should keep in mind the longer you expect to stay in Cayman, the less this lifestyle will fit, as many condos are designed for short-term stays both in their physical designs and in their by-laws. Before making a purchase, read the Strata By-Laws to ensure they meet your personal requirements and review strata or condominium fees to determine if any assessments are pending and whether insurance payments have been factored in. It is also worth noting that many of the Island’s new-builds are trending towards smaller unit sizes with equally, if not higher price-points, depending on the area. Existing units are only coming on the market if the pricing will allow sellers to realise a profit. Nobody really wants to sell their Cayman property, but sometimes appreciation makes a sale logical. A change of living circumstances (age, divorce, downsizing, etc.) can also incentivise the sale of a cherished property. Many property owners in the SMB area live abroad and rent their units out for the majority of the year.

New Developments As always, the Seven Mile Beach area is thriving. Construction began in 2021 on the 10-storey Grand Hyatt Residences located on Pageant Beach. The 351-room hotel will contain 167 residential units and amenities to include five on-site restaurants and bars, a sandy ocean lagoon and a worldclass spa and fitness facility. Studios and 1-to-3-bedroom units are priced between US$643,000 and US$7.1 million. Agua will offer residents modern beachfront luxury that seamlessly blends indoor and outdoor living spaces. With only 10 units split across 10 storeys, residents can choose from four different, full-level floorplans, each benefitting from large private, waterfront terraces. Prices start from US$3.5 million. The Watermark, which is going up between the existing Avalon and Harbour Heights complexes, will provide residents of the 54-unit development with five-star, resort-style amenities and services. 4- and 5-bedroom units remain available, with prices ranging from US$8-10 million. Lacovia is being remodelled into a threebuilding, multi-storey, contemporary development comprising of 3 to 5-bedroom units, all outfitted with luxury appliances and bespoke finishes. Prices range from US$5.4-9.5 million. Also along the Seven Mile Beach corridor are the Residences at Magellan Quay. Each 2-storey, 3-bedroom house boasts ample square footage and 0.2 acre of land per residence. Pricing information is available upon request from Edgewater Development. Baraud Development introduces: Lotus at Canal Point, a zeninspired intimate community of only 20 luxury townhouses, with prices from CI$895,000; and TWENTY40, modern 3-bed/2.5 bath townhouses in Governor’s Harbour with dock access, private driveways, and carports. Pricing starts at CI$625,000 pre construction. Further west is the ongoing development of an area that has come to be called the North West Point Corridor. Serrana is an upcoming ultra-modern, low-density development with only 18


when others see a

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FINDING A HOME

11

residences, each with panoramic ocean views. Prices start from CI$3 million. SeaDreams, a luxurious 8-unit, 4-storey oceanfront boutique complex will also be located on North West Point Road. With 4 storeys and only 2-units per floor, residents will enjoy large living spaces and fantastic amenities including a pool and BBQ area. Units start at just over US$1 million. Salt Air Townhomes, with 2 and 3+ dens and 4 bedroom configurations, present a stunning opportunity to purchase a brand new preconstruction townhome in a family and pet-friendly, private gated neighbourhood in The Shores. Moving inland, you’ll find The Meadows at Batabano, which redefines Island living, combining old Caymanian design elements with modern functionality and facilities. Choose between 1- and 3-bedroom units. There has been a renewed interest in the George Town area by developers of recent years and presently there are several projects underway. The Bentley is a conveniently located, fully gated community, comprising of 2- and 3-bedroom units that start from CI$512,000. Catalina Bay presents a unique opportunity for ocean-front living adjacent to the existing Barcadere Marina. Residents will enjoy 800 ft of sea frontage, and a 170 ft freeform pool. 3 bedroom units start from US$1.7 million. On the George Town waterfront sits FIN, a 36-unit residential development that boasts a private beach, salt water lagoon, elevated glass-bottom pool and five-star services and amenities. Pricing starts at US$2.3 million. On the cusp of George Town and the Seven Mile Beach area is Kailani, Cayman’s first luxury wellness and business boutique hotel, developed by NCB group in partnership with the Curio Collection by Hilton™. Investors will have access to their suite for two weeks per year for their own personal use. Kailani's 1-3 bed suites range from US$575,000 to US$5 million. The South Sound area shows no signs of slowing down. Davenport Development introduces Bahia where residents can enjoy amenities typical of a high-end resort: boasting open roof terraces, an Olympic 154

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training pool and 200m ‘resort’ pool, tennis courts and yoga studio, a clubhouse and full-time, on-site property manager. Units are priced between US$580,000 and US$1 million. South Bay Residences by Palmyra Developments offer spacious waterfront living, fitted with luxury amenities in a lush, landscaped setting. Indigo Bay, located in eastern South Sound, is a luxury development comprising of 29 oceanview villas. Communal amenities include private dock and gazebo, pet-friendly Indigo Park, roof top patios, jacuzzi and on-site, multi-purpose community centre. Pricing is between US$890,000 and US$1 million. Starting at US$689,000, Privé by Baraud Development comprises of 36 townhouses and 16 homes nestled within a 6-acre South Sound site. Amenities include an on-site water park. Nearby, The South Sound Collection is carefully designed to allow for decadent exclusivity in the heart of South Sound. Choose from 4-bed/5bath townhouses which each benefit from private rooftop terraces and unobstructed waterfront views. Neighbouring South Sound in Grand Harbour is Allure, which will hug the coastline and offer unimpeded views of the North Sound for sophisticated Island living at its best. Featuring 2- and 3-bedroom luxury condos and a wide range of amenities, pricing starts from US$870,000. Arvia will be a single-phase development, located on the Grand Harbour Canal, comprising of 96 condos, and interestingly the first approved aerial subdivision on-Island. The condos will be clustered around a small, marina-like set of docks, ensuring each home has a view of the waterway. The units will range in price from US$606,353 to US$834,486. In the Red Bay area, is Paraiso, built by Smith Development. This exclusive, residential community located on the serene banks of the North Sound offers indoor/outdoor living. All 12 units boast their own boat dock, large private patio area, green space and individual plunge pool. Pricing starts at US$1 million. Looking towards the Island’s Eastern

districts, you’ll find Silver Reef, a private beachfront development in North Side boasting several resort-style amenities, including a yoga platform, zen garden, 40’ heated oceanfront saltwater pool and more, priced from CI$870,000. Then, Ocean Vista offers 2- and 3-bed units with modern finishes, a mile away from Health City, starting at CI$300,000. The Real Estate Industry in Cayman Pre-1980, Cayman’s real estate market could best be described as the Wild West. There were no real estate laws, no safeguards, and no consistency of business practices except that it was every man for himself. In 1987 a group of local realtors agreed to work together and founded the Cayman Islands Real Estate Brokers Association (CIREBA). Their purpose, as a not-for-profit organisation, was to try to regularise the industry for the benefit of buyers, sellers, and realtors. They created a hybrid of the US and Canadian real estate systems of that time, added a sprinkling of the most acceptable Cayman market norms of the day, and wrapped it all in British Law. Not only did that lead to the Caribbean’s first Multiple Listing System (MLS), but also to a 3-part course of study for brokers and agents, including entrylevel testing and continued education, a required code of ethics and comprehensive set of rules and regulations with penalties for noncompliance. In short, CIREBA became the gold standard for the Cayman real estate industry and eventually its quasi-regulatory body. This meant the industry did not have to be regulated by Government, which has been a bonus for all concerned. To say that CIREBA was a significant contributor to what the Cayman real estate industry is today would be a gross understatement; there is no way our industry would have approached its current levels without CIREBA. There is still nothing close to it anywhere in the Caribbean – although it has been copied elsewhere, often with help from CIREBA.


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Currently there are 37 broker members with over 260 agents and they make up the vast majority of all Island practitioners (although there are a few outliers as membership is not compulsory). These brokers share their property listings in an online Multiple Listing System and they work together on real estate transactions, which allows buyers to see all properties and still work with their favourite agent. It also allows sellers to get the widest possible exposure for their properties. The association works closely with the Cayman Government on any issues relating to the real estate business to ensure a good experience for all involved.

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Legal Overview The real estate market in Cayman is simple and straightforward. Apart from a one-time stamp duty, there are no annual property taxes or restrictions on foreign ownership by individuals, and titles are granted and guaranteed

by the Cayman Islands Government and recorded in a modern, reliable and centralised land registry, where every plot is mapped and given a descriptive title number based on location. Any encumbrances such as mortgages, rightsof-ways and cautions pending contracts are recorded on the title register of the parcel of land. As a result of this, there is no need for lengthy title searches, title companies or title insurance. In fact, title companies and title insurance do not even exist in Cayman. Vacant land can be owned and held for future investment potential. To date, Cayman real estate has proven to be an attractive and profitable investment. Owning land in the name of a corporation is possible, but strict rules apply and a lawyer’s advice is essential. Buildings are subject to a series of planning permissions and building permit approvals. These are monitored by the Cayman Islands Central Planning Authority and Building Control Unit, which carries out

plan reviews and onsite inspections that relate to the site, building, plumbing, mechanical and electrical works. There are also requirements for structural engineers to take into consideration such as seismic design principles depending on the building heights and purpose of the building. Construction materials have to be imported and are subject to duties that range from 15%-22% on the landed value, which includes duty on the shipping costs. Consequently, the cost of building is considerably higher than in places where materials are more readily available. Refer to the Building in Cayman chapter for a detailed guide on building a residential property, as well as a list of building professionals in the Cayman Islands. Attorneys are usually used by a purchaser to aid in understanding the difference between our system and what they are familiar with back home. An attorney can also help with more complicated transactions, and ensure that the somewhat archaic procedures required by the Cayman Islands Land Registry are more easily negotiated. The biggest difference between a purchase here as opposed to most other jurisdictions is the Stamp Duty, which is a 7.5% fee based on the Cayman dollar price of the property. It is paid to Government after closing on each transaction in order to register your title and it is normally paid by the purchaser. OVERVIEW OF RESIDENTIAL AREAS IN GRAND CAYMAN

Seven Mile Beach (SMB)

WEST BAY ROAD SEVEN MILE BEACH

is divided into two areas: the beach and across the road from the beach. Both are ideal locations within walking distance to restaurants, bars, nightclubs, shops and Camana Bay. There are many apartment SMB

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With access to over 1500 listings in our MLS system, let our award-winning, experienced local team work for you.

We know you’ll love living here, we do.

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complexes on Seven Mile Beach itself, but most are rented out for short-term, daily rentals. However, some offer long-term rentals like George Town Villas, The Grandview, Sunset Cove, Laguna del Mar, Seagull Condominiums, Lacovia (this one is set to be demolished and redeveloped into a much more modern, high-rise set of 3 buildings), The Sovereign and The Pinnacle. Monthly rental prices in this area range from a low of US$2,000 to a high of US$35,000+). Areas such as Snug Harbour, Parkway, Governors Harbour, Canal Point, Crystal Harbour and the Cayman Islands Yacht Club are all nice places to live and popular with families, though the prices of properties can vary significantly between them. There are many 4-bedroom houses in these areas but you can also find upscale 2 and 3-bedroom apartments in a few of them. Properties are usually well maintained and professionals tend to rent or buy them. These neighbourhoods around Seven Mile Beach are generally quiet areas, near to restaurants and the beach. There is also a very good school in Camana Bay called Cayman International School, which follows the International Baccalaureate education system and can accommodate over 1,000 students from ages 2 to 18. Britannia apartments are popular and vary in price, but based on the large number of units you can usually find a motivated seller. Apartments have either canal, pool or park views and the property is walking distance to Camana Bay and all its great facilities. Snug Harbour lies to the east of West Bay Road and is reached from the Esterley Tibbetts Highway. This is a sought-after residential area and is very popular with families. As well as being family and dog friendly, Snug Harbour has the advantage of being close to Seven Mile Beach and Camana Bay with easy access to George Town and West Bay. The area has two roads, Jennifer Drive and Andrew Drive, which run parallel West-East and finish at the North Sound. There are a number of

345.623.1234 www.SIRCaymanIslands.com Governor’s Square Seven Mile Beach, Grand Cayman, Cayman Islands info.cayman@sothebysrealty.ky Each Office is Independently Owned and Operated. Member of CIREBA

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intersecting roads in-between. Much of the residential housing consists of detached family homes with gardens, ranging from modest 2-bedroom homes to more upscale, 5/6 bedroom residences. However, there are several apartment buildings and townhouses here too, particularly towards the North Sound. Residents of Snug Harbour enjoy access to the Snug Harbour Park, consisting of a tennis court, a basketball court, a children’s playground and a large grassy park. This is a popular meeting spot for families. Residents can book the tennis and basketball courts online. Palm Heights Drive lies to the south of Snug Harbour and is accessed through the main Snug Harbour entrance. This is another popular residential location. One side of this road lies on the picturesque Britannia Canal, where you can find a number of attractive residential canal-front houses and apartments. The other side of Palm Heights consists

mostly of detached family homes, some with beautiful gardens. Palm Heights Drive is often mistakenly considered to be part of Snug Harbour, but this is not the case. Whilst residents here use the Snug Harbour Park and playground, they are not able to book the tennis and basketball courts. Camana Bay

and its town centre are situated on 685 acres that stretch from the sea on Seven Mile Beach to the North Sound on the other side. The design of Camana Bay is based on New Urbanism, a planning model that promotes 'walkability' through a mix of housing, shops, restaurants, public Camana Bay

spaces, schools, and parks. Streets and walkways are interconnecting, offering a safe and scenic stroll or bike ride, while shady courtyards nurture social gatherings and a sense of community. Traffic is also minimal and developer Dart has continued that theme, building a four-lane vehicle underpass so pedestrians can safely travel from Seven Mile Beach over the bypass to the Camana Bay Town Centre and waterfront. Designed by a team of award-winning architects and planners, Camana Bay has a contemporary style, inspired by traditional Caribbean architecture and is landscaped with beautiful, mature trees and native plants to give it a distinctly Caymanian character. Camana Bay has become a very popular place to live simply because it welcomes the return to a traditional style of community, with the Camana Bay Cinema, notable restaurants, Foster’s supermarket, a weekly farmers market, a yoga, sports massage and physiotherapy studio,

Now Leasing • 24-hour on-call security • Rooftop pool and BBQ • Access to car-share initiatives • Exclusive access to Camana Bay Perks programme • Underground parking • Fully furnished • Pet friendly • One- and two-bedrooms available

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bookstore, clothing stores, doctors’ clinics, pharmacy, a 24-hour gym, two schools, residential housing and prestigious office space for businesses. Residential rental options include The Terraces, which are a collection of 63 1- and 2-bedroom apartments (some of the 2-beds have a den, which could be used as a third bedroom) and over 28 different floor plans. Units are available for long-term rental and are in the heart of Camana Bay’s Town Centre. Beautifully decorated with spacious private balconies, fully equipped contemporary kitchens, state-of-the-art electronics and flat-screen televisions, The Terraces also boast around-the-clock security and property management, underground parking and video entry lock systems. Benefits for residents include gym membership and secure underground parking with elevator access. Each of the two Terraces towers has its own lap pool and leisure area with freshwater showers, bathrooms, seating areas and an outside kitchen with a high-end gas barbeque. The Terraces are equally popular with families and young professionals and pets are welcomed. OLEA, which broke ground in early 2019, is Camana Bay’s first for-sale residential development, made up of an assortment of condominiums, townhouses and duplexes, located to the south of Camana Bay’s Town Centre. Major features of this amenity-rich waterfront neighbourhood include the Island’s first lazy river, a resort-style pool, a waterfront boardwalk, beautifully landscaped common areas, a yoga garden and a fully equipped gym. Coming online in 2022 is Kapok, a 10-storey, for-lease residential building located towards the north end of the Town Centre on Bismarckia Way, close to Foster’s supermarket. With 89 residences ranging from 550-square-foot studios to 1,698-square-foot, three-bedroom units, Kapok features a modern design, indigenous landscaping, large windows, balconies and terraces, and is built to

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Fitwel® building certification standards to improve occupant health and productivity. Living in Camana Bay is all about the lifestyle it offers more than anything else. It is incredibly appealing to able to walk everywhere (particularly if your work place is located there), have everything taken care of for you, and enjoy access to world-class dining, entertainment, including concerts and festivals, shopping and children’s activities right on your doorstep.

its 124 condos, townhomes and duplexes. Open Monday- Friday 12pm-5pm (or by appointment). The Terraces at Camana Bay Dart Real Estate Tel: (345) 640 4000 Email: info@camanabay.com www.camanabay.com An exclusive property in the heart of Camana Bay owned by Dart Real Estate, The Terraces offers residents the ‘work, live and play’ dream. With direct access to all of Camana

OLEA (Sales & Presentation Centre)

Bay’s renowned amenities, The Terraces offer

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modern one-bedroom and two-bedroom

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OLEA, Camana Bay’s first for-sale residential

South Sound

development, is an amenity-rich waterfront neighbourhood located minutes from Camana Bay’s Town Centre which will feature Grand Cayman’s first lazy river, a resort-style pool

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and the largest solar array of any residential development on Island. Visit the OLEA Sales

SOUTH SOU ND

is still in the midst of a boom in development. Take a drive down South Sound Road and you will see numerous developments on both sides of the road. The popularity of South Sound isn’t surprising given its proximity to the water, schools, supermarkets and George Town. It is also home to the Cayman Islands Rugby Club, Tennis Club and Squash Club, public dock, a government boat launching ramp, beaches and a seaside boardwalk. Cayman Enterprise City is set to build its main 850,000sq ft campus in South Sound, and Harbour Walk, a multi-purpose retail, residential and commercial location in Grand Harbour will be completed by the end of 2021. One downside to South Sound being such a popular area to live is that the traffic during rush hour can be bumper to bumper the entire length of South Sound Road. Apart from SMB, South Sound is one of the most convenient and, therefore, expensive areas in which to buy or rent on the Island. South Sound

& Presentation Centre to learn more about

Canal-Front Living

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There are a number of waterways that cut inland from the North Sound, creating canal subdivisions that are a very nice, more affordable alternative to buying or renting property directly on the oceanfront. If you are planning to buy a boat, you cannot beat the convenience of having a dock right in front of your home or apartment. There are 20 canal subdivisions in Grand Cayman, half of which can be found along the Seven Mile Beach corridor and West Bay, and the other half run east from Prospect to North Sound Estates and the Cays in Rum Point. Canal subdivisions take time to mature and to be built-out and this will have a significant effect on the values that land and homes in these areas can


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command. Over time, this will change as various subdivisions develop and it is something to think about when buying. The following is a pretty straightforward and honest overview of the various canal subdivisions, which can be classed into five levels, one being the most expensive and five being the most affordable. Some subdivisions straddle two levels and this invariably depends on specific roads within the area and the quality of the homes and landscaping on those roads. Level 1: Top-of-the-line estate homes. Meticulously maintained with strong covenants and manned security gate. Vista Del Mar, The Ritz-Carlton Deckhouses, Lalique Pointé, Diamond’s Edge and Salt Creek are first in class in these tier-one communities because of their security, exclusivity, attention to detail, wellmaintained public open spaces, amenities offered and the quality of building. The most expensive, non-beachfront homes are found here. Additionally, OLEA, Camana Bay’s first, for-sale waterfront community, offers beautifully landscaped common areas and access to the highest-quality amenities. Level 2: Excellent maintenance and services. Luxury homes with a manned security gate and strong covenants. Crystal Harbour leads this class of the field and has been one of the most actively developed canal subdivisions on Grand Cayman in recent years. New to Crystal Harbour is the upscale subneighbourhood of Lalique Pointé and recently sold out Cypress Pointe North developments. The redeveloped Cayman Islands Yacht Club has benefitted the most from direct access via the Esterley Tibbetts Highway, and residents are taking advantage of its boating facilities and two very good restaurants, Morgan’s and Bàcaro. In due course, a pedestrian trail to Seven Mile Beach will be built. Another Yacht Club addition is the gated waterfront community called Stone Island. Britannia is fading a bit, but is still very well-regarded and a convenient living location. One

Serrana Serrana provides a sense of place that pays homage to its beautiful Cayman setting. Designed as an ultra-modern development, but with a strong Caribbean vernacular, giving the entire building an estate-like feel. MLS # 413145 Member of Cireba

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important consideration, if you are planning on buying land to build on, is that concrete pilings are required in the house foundations of properties in both the Yacht Club and Crystal Harbour. This raises the cost of construction considerably. Level 3: Good services with uppermiddle class luxury homes. Well maintained with good covenants. Canal Point is in this class followed by The Shores and Mangrove Point, all gated neighbourhoods with evening manned security. Governors Harbour has lost its sheen due to the lack of a landscaping buffer from the Esterley Tibbetts Highway, and haphazard road maintenance, but this could change. Another canal-front development in the area is Clipper Bay, located between Snug Harbour and Canal Point, it offers quick access to the North Sound. Grand Harbour is the most conveniently located of the Eastern subdivisions and many of the homes here are high-level properties. There are three distinct areas to Grand Harbour: the older and more developed side called South Reach, which is now a gated community, The Isles and The Estates, both of which have had a lot of recent building. The commercial area of Grand Harbour has a recently renovated supermarket called Hurley's, two restaurants and a very well-run and popular skate park which gets active in the evenings with 6-16 year olds. A little further east, Patrick’s Island has some older and beautiful homes with mature landscaping and wide, open basins. It also backs onto a huge sway of undeveloped land with numerous dyke roads that lead to the North Sound via numerous inland lakes and are lovely for walking dogs, running and getting away from it all. Sunrise Landing rounds out this level. Both of these last subdivisions are popular with successful local entrepreneurs. No houses are built in the Cays yet. Level 4: Decent services with mixed mid-

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level homes. Older subdivisions like Red Bay, Omega and Prospect all have their 'good' and 'not as good' sections. As one of the newest projects, Newlands Sound, has the potential to move higher but has no homes yet, though land is for sale. Palm Heights in Snug Harbour has the benefit of looking across at Britannia, but this area contains mainly duplex properties. Canal subdivisions in this level include Palm Heights, Omega and Newlands Sound. Sunrise Landing and the Cays at Rum Point all straddle level 3 and 4. Level 5: Minimal maintenance and either no covenants or these are not enforced. Mid-level to lower-value homes, but most still to a very reasonable standard. All these subdivisions are similar, mixedquality developments. The developers are now deceased, so there is no consistent, ongoing maintenance undertaken. North Sound Estates is farther out but has been quite active due to pricing. Some homes are very nice, but there is too much debris around keeping prices down. Canal subdivisions in this level include Red Bay, Prospect and North Sound Estates, all of which straddle level 4 and 5, depending on which street you are looking at. Prospect & Red Bay

P ROSPECT & RED BAY

Prospect and Red Bay, which are right next to each other, are one of the fastest growing areas in Grand Cayman. They are close to George Town, the schools and the Shoppes at Grand Harbour which has various stores, a school, two restaurants, a large supermarket, Hurley’s Marketplace, and Cayman's own skate park: The Mountain Dew Black Pearl. Harbour Walk is a new destination location featuring residential, office and retail space that is going up next to Grand Harbour and is scheduled for completion by the end of 2021. There are


Shores commands premium prices on rentals and sales, as do properties on Boggy Sand Road, the last residential neighbourhood remaining on Seven Mile Beach. Popular seaside West Bay condos that offer long-term rentals include Coconut Bay, Ocean Side Plantation, Westview and Villas Pappagallo. New developments like West 19, The Point at Watercourse, Dolphin Club and The Meadows add new life to West Bay and acclaimed restaurants such as Calypso Grill, Cracked Conch, Macabuca, Tukka West, Ristorante Pappagallo and VIVO offer nice options for an evening out. Tourist attractions like the Cayman Turtle Centre and the Cayman Motor Museum are also in West Bay. Diving from the Cracked Conch restaurant and from Lighthouse Point nearby is also very popular. Divetech, the on-site dive shop at Lighthouse Point, is welcoming, and friendly staff can explain where nearby dive sites are located. They can also take you to the Kittiwake shipwreck. You can go horseback riding and bicycling along a rugged and littletravelled beach called Barkers, which spans part of the northern tip of West Bay. Barkers Beach is a nice area to get away from it all and is popular with dog walkers and kite surfers. Note the area is closed to vehicle and pedestrian traffic from sunset to sunrise. It currently takes about 20 minutes to drive from West Bay to George Town using the Esterley Tibbetts Highway.

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also two banks in the area, as well as the Department of Vehicle and Drivers Licensing. Also in the Red Bay area are the Cayman Islands Sailing Club, King’s Sports Centre and Powerhouse Gym. The commute to town from this area is relatively quick (10 minutes), but traffic does get backed up during rush hour at the Hurley’s roundabout. Expect the regular commute at the height of rush hour to take 35 minutes, but you can shave 15 minutes off that time if you live at Grand Harbour. There are lots of residential homes in this area with a mix of inland, canal front and oceanfront properties. There are a few really nice areas to look out for in Red Bay and Prospect. The first is Prospect Point Road, a quiet beachfront community found on a winding road where longtime Cayman residents have built exclusive million-dollar homes. The second area, called Patrick’s Island, is an upscale residential area with canal frontage, where land is still available and many desirable 4 and 5-bedroom homes have been built. The third is Grand Harbour, which is located immediately behind Hurley’s Shopping complex and the nearby retail and residential hub, Harbour Walk. Consisting mainly of canal-front homes to the south is South Reach, a gated community that is almost completely built out. The other side of the canal has The Isles and The Estates. It has been a very active area in terms of new home construction. West Bay

George Town (GT)

WEST BAY G EORGE TOWN

This is a residential area at the top western end of the Island. It is less expensive than George Town or Seven Mile Beach and there are some lovely homes and condominiums on or near the sea. The canal-front area called The

George Town is

the capital of the Cayman Islands. It is located on the southwest corner of Grand Cayman and has a busy port, with an influx of several cruise ships almost daily and cargo ships unloading

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most evenings. The main roads in George Town are North and South Church Street, which run through town parallel to the sea. Walkers Road has most of the schools on it (Truth for Youth, Calvary Baptist, Cayman Academy, Little Trotters, CIFEC, John Gray, Cayman Prep, St. Ignatius, Sprogs - in that order from the George Town end to South Sound) and also many residential properties. Smith Road, Shedden Road and Eastern Avenue cut through town and run down to the waterfront roads off North and South Church Street. Most of the properties in George Town are mid-range in price. It is a good area to live in if you have schoolaged kids, as the main school areas are on Smith Road and Walkers Road and are five minutes from the town centre. Also, with increasing traffic levels, it means you will avoid the main rush hour traffic jams (the routes to West Bay/Seven Mile Beach and the Eastern Districts are slow-moving at peak times). Private prep and high schools in this area include St. Ignatius Catholic

School, Cayman Prep and High School, Triple C, Cayman Academy, Calvary Baptist Christian Academy and Truth for Youth. A lovely neighbourhood off Walkers Road where houses occasionally come up for sale (and are quickly snapped up) is the upscale Webster’s Estates. All the homes sit on larger than usual plots, have mature shade trees, large gardens and are architect designed. No apartment complexes have been allowed to be built in Webster’s Estates, so there is a quiet community and family feel to the area. On the apartment front, there are many condominiums for rent off Walkers Road starting at CI$1,000 for a studio, CI$1,300-CI$2,500 for a 1-bedroom apartment and CI$2,000 CI$2,800 for a 2-bedroom unit. Some of these apartments look and feel dated, so it is worth looking around and not getting discouraged, as there are some gems as well. A few of the nicer options in this area include the townhouses at The Retreats and the L’Ambience

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complex off Fairbanks Road. The latter has a multitude of mature shade trees, lush landscaping, two pools and huge communal grassy areas. These are family-oriented complexes and pets are allowed. Some modern developments have sprung up along Crewe Road, including The Bentley, which sells 2- and 3-bed townhouses. If you are looking for high-end luxury, then check out Casa Luna, SeaView, Oceana and FIN. All are on the waterfront in George Town and offer luxury living for upwards of CI$2 million. Savannah, Lower Valley, Newlands & Pedro St. James

SAVANNAH, LOWER VALLEY, NEWLANDS & PEDRO

This is another area with both inland and canal-front properties. Sunrise Landings and North Sound Estates (both canal-front areas) fall within Savannah and Lower Valley. These areas are very popular with young families as land is still affordable. You can also easily find canal-front house plots for sale at a reasonable price. Inland you will find that properties on the market in this area are family homes on larger plots with good-sized gardens and lovely shade trees. Savannah is one of the highest-elevated areas of Grand Cayman. The commute times have improved since the East-West Arterial Road opened, but it still slows down significantly near Prospect during the morning rush hour. From late-May to early-August the poinciana trees, of which the area has an overwhelming abundance, flower and the sight as you drive through Savannah is breath-taking. Also located in Savannah is Pedro St. James Castle, a national historical site and the oldestexisting structure in Cayman. It is known as the 'Birthplace of Democracy in the Cayman Islands'. Countryside Shopping Village, located at the roundabout where


the road intersects between Savannah, Pedro and the entrance to Newlands, is the largest central shopping hub in the area. This village of shops has a Foster’s supermarket, CNB bank, large pharmacy, medical clinic, liquor store, hardware store, gym, veterinary clinic, dry cleaners, several restaurants and a few other useful stores. Country Corner, located next door to Country Side, has additional locations for Cimboco, Chicken! Chicken!, Cafe Del Sol and GNC.

of a long commute may keep the fainthearted away from Bodden Town, it takes just 20-25 minutes to reach George Town if you leave early or late enough to miss the rush hour traffic.

damaged the Botanic Park and at the time of print (September 2021) the park remains closed to visitors. It is also the location of the Clifton Hunter High School. North Side & East End

Frank Sound & Cottage

NORTH SIDE & EAST END FRANK SOUND & COTTAG E

Beach Bay

Frank Sound is

BEACH BAY

Beach Bay is

Bodden Town

BODDEN TOWN

Those who venture out to Bodden Town love it. It is on the beach, away from the hustle and bustle and the rents are in the low to mid-range. The community still has the feel of a small Caribbean town, with a mixture of locals and expats living alongside one another. The beaches are rustic, usually littered with driftwood and dried turtle grass and are lovely places for walking dogs. Although the impression

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on the right just before you get to Bodden Town. It has one of the highest elevations on the Island. If you drive all the way down Beach Bay Road, you’ll find Sea Spray Drive, a coastal road with fabulous houses and apartments on it. One end of the road has a very private, but rocky, beach, and the sunsets over the bluff at the other end of the coast road are amazing. The rents here range from high to exclusive.

an area that crosses inland as you drive towards Rum Point. It has affordable homes with large properties; the land is very fertile with mature shade and fruit trees. Another huge bonus of this area is the Queen Elizabeth II Botanic Park and the Mastic Trail, both of which are great to explore, and are located just off Frank Sound Road. Unfortunately, Tropical Storm Grace, which passed through the Cayman Islands in August 2021, badly

This is a beautiful and historical part of the Island. On the way to these eastern districts, you will pass Pedro St. James’ Castle in Savannah, the Queen Elizabeth II Botanic Park in Frank Sound and the Wreck of the Ten Sails in Gun Bay. The residents in North Side and East End are said to be the friendliest in Cayman. The commute time from either East End or North Side to George Town will take at least 40 minutes without traffic. Over the Edge restaurant, in the village of Old Man


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Bay, serves great local seafood cooked with a French influence. Their catch of the day is always good, as is their shrimp cooked in a Chablis sauce. Other restaurants include The Caboose (previously Kurt's Korner), which offers grilled fish, stewed beef and oxtail. There is also an Italian restaurant located by Foster’s supermarket in East End called The Italian Kitchen, which provides good, basic Italian cooking, but is not open for lunch and doesn’t take reservations for the evening. In the heart of East End is Tukka, an Australian/Caymanian-fusion seafood restaurant, and Eagle Rays, which is run by the same owner as Tukka and is located at Ocean Frontiers. Finally, Vivine’s Kitchen, located on the water, is a rustic little restaurant with good local food served on tables set up in Miss Vivine’s garden. It is packed on Sundays. Fun things to do in the area include diving with Ocean Frontiers, walking the Mastic Trail (bring bug spray, water and good walking shoes), snorkelling off the North Coast (remember it is a marine park, so don’t break anything off or take anything home with you), beachcombing deserted beaches, kiteboarding, sailing or having a ride on White Sand Sports’ exhilarating Jetovator, which you can find at the Wyndham Reef Resort. North Side Living Life on the North Coast involves a long list of trade-offs. The distance from town, which has helped keep the old-time Cayman lifestyle, is inconvenient for trips to Seven Mile Beach, the airport

etc. The prevalent onshore trade winds, which bring cool temperatures most of the year, also bring salt to coat windows and degrade electronics. On the flipside, the lack of neighbours means a lack of ambient light and great conditions for star viewing. Living in North Side can feel like being perpetually on vacation. Almost every house, drive or walk involves a sea view and holiday atmosphere, and many houses are owned by long-term visitors, who have been visiting Cayman on vacation regularly for 20 or 30 years. Others are short-term vacationers staying at The Retreat, Island Houses, The Rum Point Club Residences, Kaibo Yacht Club Villas or The Pools of the Kai Condominiums. Residents of other districts, particularly boat owners, often go for staycations in Rum Point/Kaibo houses, especially over long weekends. Many full-time residents in the area are also retired, so very few actually commute into town to work. The journey takes about 50 minutes, but this depends on rush hour traffic. Other residents work locally, primarily in the tourist/hospitality industry. Being relatively far from town means that some forward planning is needed for routine activities. Without a list, one is fated to 'pop back' at least as far as Countryside Shopping Village to pick up forgotten items. Organise your errands to make sure to get all of it done on one day. There is a wide cross-section of society living in the district of North Side. Nobody cares who you are, only if you have something interesting to say!

Rum Point

R U M PO INT

has a beautiful stretch of beach and faces the North Sound. It has shade, clear waters, exclusive million-dollar homes and some more affordable condos. The Rum Point Club can be reached by car, ferry or private boat and is a great place to hang out in hammocks, eat lunch at a picnic table and swim or snorkel in the safe and shallow water right in front of the sun lounger area. On Sundays, the place is jammed and sometimes up to 50 boats are moored off the beach. Nice things to do in the area include paddleboarding, water skiing, kayaking, sailing and taking a boat to the Sandbar to see the stingrays. You can also fly fish the mini sandbar on the Eastern side of the lagoon entrance and take a bioluminescence kayak tour with Cayman Kayaks on a moonless night. The commute to George Town will take just under an hour. Although a couple of residents commute by boat across the North Sound, this means you have to leave your car at either end. The nearest supermarket is Foster’s Express opposite The Wyndham Reef Resort in East End, but it is quite small. There is also a small rustic grocery shop, Chisholm’s, on Rum Point Drive. Rum Point

Cayman Kai

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is just beyond Rum Point. There is a holiday home feel about the area and life is centred around the beach. There are many luxurious houses and a few upscale apartments on the water. Prices in Cayman Kai

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this area are high for large private homes but there are 2-bed condos at the Kaibo Yacht Club that rent for around CI$200 per night. Some residents treat themselves by renting a house or condo here for the weekend. Call Cayman Villas (Tel: (345) 945 4144) to see what vacation rentals they have available. Great restaurants include the chilled out Kaibo Bar & Grill and the upscale Upstairs Restaurant, which has a superb rum collection and a tasting menu with wine pairing. Kaibo also has a coffee shop and sells ice, basic groceries and fuel for cars and boats. The commute into George Town at rush hour will take just over an hour. OVERVIEW OF RESIDENTIAL AREAS IN CAYMAN BRAC

West End

WEST END (Cayman Brac)

In Cayman Brac’s West End you will find the airport, two grocery stores, a gas station and couple of condo complexes. Hence, the north shore of the West End

Stake Bay

Eastern Districts Continue east to Watering Place, Creek and Spot Bay and you’ll find a true Cayman Brac welcome. “Mom and Pop” stores and small local restaurants showcase authentic souvenirs and traditional Caymanian fare. The Cayman Brac Heritage House is located between Creek and Spot Bay and complements the Cayman Brac Museum, offering reenactments of our country’s past, with displays showing how islanders used natural resources to create houses and tools. There are two primary schools, Creek Primary School and Spot Bay Primary School, in this area.

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STAKE BAY (Cayman Brac)

OVERVIEW OF RESIDENTIAL AREAS IN LITTLE CAYMAN

On the north side, Stake Bay roughly refers to the middle section of the Island. Stake Bay is the capital of the Island and is where you will find the main Government building, the hospital, the museum, a grocery store and the Island’s only high school – the highly respected Layman E. Scott Sr. High School.

Little Cayman is truly little. Ten miles in length and one in width, it harbours a permanent population of fewer than 200. Even though it is a mere blip on the radar, the Island is a formidable 199138_PRINT-Ad-IslandHeritage-RPage destination for diving and offers some

The Bluff

THE BLUFF (Cayman Brac)

The Island’s gentle ascent eventually leads to the limestone cliffs which are its namesake. A lighthouse crowns the 150ft tall seaside edge of the bluff. The birds circling overhead may eventually lead you back inland to the ancient woodlands of the Brac Parrot Reserve. It is home to many endemic flora and fauna species of the Cayman Islands. The Bluff has seen a significant increase in housing developments and it also has the Government-owned Cayman Brac Day Care Centre.

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The most easterly of the Cayman Islands, the Brac, is about 12 miles in length and just over a mile in width. Early Scottish fishermen who settled here gave the Island its name. Brac is Gaelic for bluff, named after the limestone ridge that runs down the centre of the Island reaching an elevation of 150ft at the eastern end. This is also the highest point on all three Islands. The friendly Brackers share their Island with over 200 different bird species and numerous iguanas. The dramatic scenery and rugged terrain boast a plethora of hidden caves and winding trails that the whole family will love exploring. The atmosphere is tranquil, crime is almost non-existent and the people are friendly and welcoming. Cayman Brac is also famous for its superb diving, which should not be missed.

has the highest population of residents on the Island. The famous Russian wreck dive, renamed M.V. Capt. Keith Tibbetts, lies just offshore. The Cayman Islands Department of Tourism Information Centre is located here, as well as West End Primary School (a Government Hurricane Shelter) and the Island’s only airport: Charles Kirkconnell International Airport.

9/7/2


relaxing pursuits such as beachcombing, bird watching, bone-fishing and chilling in a hammock. The Island does not have a town as such, but the only grocery store, gas station, bank and clinic are all located near the Edward Bodden Airfield on the west. South Hole

Sand at the eastern end of the Island, where you can gaze across the water towards Cayman Brac. Heading back on the northern side you will pass by Crawl Bay and Jackson Point. Point of Sand is located at the very tip of Little Cayman and is probably one of the most beautiful beaches in the Caribbean. The sea is crystal clear and incredibly inviting. Just don’t swim there after dusk – sharks also love this spot! BUYING A PROPERTY

SOUTH TOWN (Little Cayman)

The Island’s most famous diving destinations, the Bloody Bay Wall and Jackson Wall, are both on the north side of this part and are easily accessible to divers staying at any of the resorts or villas in the area. Paradise Villas is the closest, but there are other good options including the Southern Cross Club, Pirates Point Resort, Little Cayman Beach Resort and The Conch Club. Most of the accommodations are within walking distance of the Edward Bodden Airfield. The Booby Pond is also the only RAMSAR site in the Cayman Islands (an internationally recognised important wetland) and home to the red footed booby bird. The indigenous Sister Islands’ Rock Iguana also roams freely on the island. There is also a police station, clinic, school and fire station in South Hole.

FINDING A HOME

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East Point

We are the leading provider of property services in the Cayman Islands.

EAST POINT (Little Cayman)

Heading up the road away from South Hole, the Island becomes more and more of a deserted paradise. South Hole Sound is at the border of the two areas, and the beautiful South Shore provides stunning views on the way to Point of

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Buying a property in Cayman has many advantages, not least that if you are staying for some time, mortgages tend to work out cheaper than rent over a three- to five-year period. There are no restrictions on foreign ownership of real estate if the property is for personal use and there are no annual property or capital gains taxes. If the property is rented out as an investment, then no tourist tax is payable if the property is rented to residents (although, if more than two properties are owned for rental, there will be additional licences required, namely a Trade and Business and Local Companies (Control) Law Licence). Cayman’s Land Registry office enables transfers to be relatively quick and simple. Every piece of property is registered under a unique block and parcel number, which means every owner is registered and the Government guarantees the accuracy of the entries recorded at Lands and Survey. A potential purchaser may examine the records regarding any piece of property to check whether there are any liens, charges or restrictions on it. Unless stipulated within the covenants for a particular development, there are no time deadlines for building on raw land. The land can be held undeveloped indefinitely and many families are land banking for future generations. Planning approvals are valid for five years following the grant of planning permission. Owing to a global shortage of building materials because of the COVID-19 pandemic,


construction timelines increased over the last year. Allowing four to six months for your architect to design and obtain planning approvals and prices, building can now take upwards of 10 months. See the Building a Home chapter for more information.

Know Your Client/Customer Keep in mind that the sale or purchase of real estate in the Cayman Islands constitutes as Relevant Financial Business for the purposes of Cayman’s anti-money laundering measures. As part of the Know Your Client/Customer (KYC) requirement, your real estate agent or any professional acting in relation to a real estate transaction is required by the Cayman Islands Government to collect your identification details such as passport or driver’s licence

numbers and source of funds (by way of a bank statement), as well as other relevant information to finalise the transaction. If you need further information about this requirement, please contact a legal conveyancing professional. Stamp Duty Exempts on Furnishings Stamp duty is not charged on the furnishings or chattels of a house. If you are not entirely sure how to calculate the value, then call the Lands and Survey Department on (345) 244 3420 and they will be happy to discuss your situation. Check out their website at www.caymanlandinfo.ky for more information. Legal Conveyancing Conveyancing is the technical word that is used to describe the way that a property is legally transferred from one person to another. Technically, you can do the conveyancing yourself, but if the property is being bought with a mortgage, your lender will insist that you use a lawyer to

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Stamp Duty & Other Charges Stamp duty, which is payable on all real estate transfers and purchases (other than those between close family, aka ‘by love and affection’), is 7.5%. However, a first time Caymanian buyer will pay no stamp duty if the property is below CI$300,000 (2% if it is over CI$300k but does not exceed CI$400k) and is going to be owner occupied. Stamp duty on bare land purchases by first time Caymanian buyers (with some zoning exceptions) are set at 2% for land that is valued above CI$100k but does not exceed CI$150,000. In 2021, the government changed the approach to assessing Stamp Duty on pre-construction properties. Up to last year, that duty was calculated on the published developer’s price at completion. Note the law has not changed, just its interpretation. Stamp duty has always been charged on the purchase price or on the market value, whichever is higher, as assessed by the Lands and Survey Department. As real estate prices have gone up, is it very likely that a pre-construction property with a purchase agreement signed one or more years prior to completion, will be assessed by officials to be worth more than the agreed purchase price. An alternative to the unknown appreciation costs is to pre-pay the 7.5% Stamp Duty, but in that case, purchasers run the risk of the development not going ahead, and stamp duty fees are not refundable! The Duty must be paid within 45 days of a contract being signed or at completion/ possession (when the Certificate of Occupancy is issued). > 1% charged on mortgages of less than CI$300,000 and 1.5% on mortgages of CI$300,000 or higher. You should budget

up to 1% for legal and registration fees. > When you build a house, there are building permit fees which are charged according to the square footage of the property being built. > When purchasing with bank financing, the bank will require a report on the ‘Market Value’ of the property. Each lender has its own rules but the report will usually need to be prepared by an approved firm of professional valuation surveyors. Aim to pay in the region of CI$400 for this report.


11

confirm that the property is free from any liens or other encumbrances and to draft the appropriate charge documents. A few law firms in Cayman have departments that specialise in conveyancing. Their job will be to prepare the paperwork for your mortgage and property transfer. They check that there are no encumbrances such as a mortgages lien, outstanding strata payments or anything else which would hinder the purchasers use and enjoyment of the property. They usually charge 1% of the property value unless a different figure has been negotiated. A typical simple transfer of land takes no more than three to four weeks, with registration of the new proprietor at the Land and Survey Department taking place four to six weeks after that.

Campbells Unfolded

Email: info@broadhurstllc.com Campbells Tel: (345) 949 2648 Email: llee@campbellslegal.com www.campbellslegal.com Campbells handles all aspects of property transactional work from sales and purchase to conveyance and related residential and commercial financing for both individuals and corporations. SEE AD THIS PAGE Collas Crill Tel: (345) 949 4544 Email: cayman.enquiries@collascrill.com www.collascrill.com Collas Crill is an offshore law firm with offices in Cayman, BVI, Guernsey and Jersey advising both local and international clients in a full range of legal services.

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FINDING A HOME

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services in the Cayman Islands. Their Property

To learn more about the distinct advantages offered by Campbells contact: Lily Lee, Partner E: llee@campbellslegal.com D +1 345 914 5852

Commercial Property and Residential Transactions Acquisition/Investment Financing and Restructuring Debt Recovery (on behalf of Banks) Commercial, Industrial and Retail Leasing

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Bedell Cristin

HSM

Tel: (345) 949 0488

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Email: property@hsmoffice.com

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HSM’s property lawyers are always accessible

Whether a client is acquiring a commercial

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comfort and certainty to clients regardless

Cristin property team’s first class experience

of what side of the property transaction

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pragmatic, prompt and proactive service in

developers, strata corporations, buyers/

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Boddens

Strata Debt Recovery Corporate/Commercial Transactions

Bodden & Bodden Attorneys at Law / Bodden

McGrath Tonner

Corporate Services

Tel: (345) 623 2740

Tel: (345) 943 0303 and (345) 945 0400

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Insurance Required for Mortgages A Property Insurance Policy collaterally assigned to the bank is required for all mortgages and many banks will also require a Life Insurance Policy so the mortgage can be repaid in the event of death. Your loan officer will advise on their bank’s specific requirements. Michael Webster from Cayman Insurance Centre sells life insurance. Strata Titles Residential property in Cayman is often sold as part of a strata plan if it is in a condominium or apartment complex. Most countries have the concept of freehold property, where the owner has ownership and responsibility for the land they own and all buildings on it.

Strata ownership is less familiar to many people, but very common in Cayman. The following is an explanation of how it works:

and for properties on the water, especially

If you buy a property which is part of a

sewage charge). Your realtor will be able to

strata plan, you will have the registered title

find the exact strata fees for you.

>

along Seven Mile Beach, you could easily pay between CI$800–CI$1,200 (CI$400 maintenance, CI$350 insurance and CI$65

of the house or apartment that is situated within the property in the plan. You will also own a share and have voting rights in the ‘strata corporation’ which owns all the land in the strata plan including estate roads, communal gardens, shared pools, etc.

>

The strata corporation has an obligation to insure the strata property and maintain it for the benefit of the owners, along with the right to recover the costs of doing so from them. There will be rules and regulations governing how the strata company is run (known as strata by-laws) and an annually elected committee that is authorised to run the corporation. Examples of monthly strata fees you might expect to pay are: CI$375 for an inland two bedroom townhouse; CI$650 per month for a three-bedroom inland apartment;

Property Valuations & Appraisals Whether applying for a mortgage, or purchasing or selling a property, it is customary to instruct an independent valuation surveyor who is a registered valuer, chartered surveyor and member of the Royal Institute of Chartered Surveyors (RICS) to carry out a valuation report. The report provides an independent opinion of value using different methods depending on the type of property. The Valuer will carry out an inspection of the property, take photographs and produce a report detailing the description, location, leasehold or freehold information, comparable evidence of recent sales, market rental values, and in some instances build costs and land values. It provides a

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in Cayman offer mortgage packages. Interest rates are quoted based on the KYD and USD prime rate published in the Cayman Islands by the retail banks. The prime rate in Cayman normally fluctuates in accordance with changes in the United States Government Federal Reserve rate, also referred to as the 'New York Prime Rate'. Banks usually ask for deposits of between 10%–35% as a contribution towards the purchase price or construction cost. Long term interestonly mortgages do not exist in Cayman. Mortgage amortisation terms are normally offered from 15-30 years, but typically not exceeding retirement age. It is worth comparing what kind of deal the different banks will give you, as a variance of 1% or even 0.5% on your interest rate will make an enormous difference. Banks will usually charge between 1-3% above the prime rate, giving the lower percentage rate to those with the greater deposit. Banks also charge a commitment fee of up to 1% of the loan amount and some charge an early repayment penalty. Establish a meeting with your chosen bank to determine the best possible rate and terms that can be offered. Cayman banks have historically been very cautious when lending money.


purchaser or owner with invaluable data as well as current market conditions and trends. In addition to meeting the banks requirements, a valuation should also provide the purchaser or owner with the reassurance of what the fair market value of the property is.

RICS registered valuer offering property

valuations, reinstatement cost valuations

valuations, development appraisals, feasibility

for insurance purposes, assessment and

studies, acquisitions and disposals, consulting

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on landlord and tenant issues, property

purchase, market rent valuations and valuation

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FINDING A HOME

11

BCQS International - Property & Development

Bould Consulting

Tel: (345) 938 0662

Consultants

Tel: (345) 946 6063

Email: info@quaysidesurveyors.ky

2nd Fl, Whitehall House, 238 North Church St

Email: info@bcl.ky or www.bcl.ky

www.quaysidesurveyors.ky

Tel: (345) 949 8644

With over 50 years working throughout the

Chartered Surveyors. RICS Registered Valuers.

Email: info@bcqs.com

Caribbean, Bould Consulting Limited is an RICS

Services include: Freehold and leasehold

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regulated firm comprising a team of highly

valuations,

BCQS is a firm regulated by RICS. They offer

skilled property professionals who provide

insurance purposes, development appraisals,

a comprehensive range of services, including

a comprehensive range of construction,

residual valuations, road compensation claims

project

management,

development and appraisal services including

and landlord and tenant.

quantity surveying, construction management,

market and insurance reinstatement valuations

claims consulting, valuations and appraisals,

and construction monitoring services.

project monitoring and feasibility studies.

SE E AD T H I S PAG E

Blue Point Consultants

Charterland

Tel: (345) 525 0706

A1 Plaza Venezia, North Sound Road

the property has been paid by the previous

Email: info@bluepointproperty.com

Tel: (345) 623 2772

owner. Water companies are under no

www.bluepointproperty.com

Email: info@charterland.ky

obligation to reconnect water supply to

www.charterland.ky

accounts that have been disconnected

Services include: Valuations and appraisals,

due to non-payment and still have unpaid,

feasibility studies, quantity surveying and cost

past-due

consulting, plus commercial, residential and

encouraged to ensure previous water

strata property management.

bills have been paid for by the landlord or

management,

cost

6,1&(

reinstatement

valuations

for

Pitfalls To Avoid Steer clear of these financial pitfalls when buying property in Cayman:

>

Water Bills: Make sure the final water bill on

charges.

Renters

are

also

previous tenant prior to moving in.

>

DDL Studio Ltd.

Chartered Surveyors Resort, Commercial & Residential Valuation / Appraisal Services

Our experienced and professionally qualified team provide robust land and property valuations at reasonable fees with quick turnaround time, accepted by all lending institutions.

Air Conditioner Servicing: Check whether

2nd Fl, Buckingham Square, West Bay Road

the property owner has been regularly

Tel: (345) 943 3622

servicing the A/C units. A lack of regular

Email: info@ddlstudio.com

maintenance will greatly reduce the life

www.ddlstudio.com

expectancy of air conditioning condensers

DDL Studio Ltd. is a well-established multi-

and new systems can cost thousands of

disciplinary construction consultancy providing

dollars. As a condition of the sale, request

valuation and appraisal, quantity surveying,

that the seller have the property’s units

architectural, project management, interior

serviced and provide a report.

design and property management services.

>

Pest Control: Find out if the previous owners had the property sprayed regularly

SE E AD PAG E 259

for ants, roaches, termites and other pests.

Email us on Info@bcl.ky Call us on +1 345 946 6063

96 Mary Street, George Town

for an infestation problem. If you are buying

Tel: (345) 945 5930

a wooden house, get the house checked for

Services

Regulated by RICS

CAYMANRESIDENT 2022

Failing to have done so could put you at risk

Email: contact@jec.ky or www.jec.ky

w w w.bcl.ky

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JEC Property Consultants Ltd.

»

include:

Property

valuation/

termites before you buy the property.

>

MEP Report, Home Inspections and Site

appraisals, home buyers reports, development

Surveys: As a condition of purchase,

appraisals and feasibility studies, construction

it is very important that you get a

cost estimates, residual valuations, investment

Home Inspection and/or a MEP report


(Mechanical, Electrical, Plumbing) done on the property before you finalise the sale. Significant problems can reduce the value of the property. If you are purchasing raw land, then a conditions site survey is recommended by a qualified engineer who will assess, among other things, whether your new house will need to be built with pilings, thus hugely increasing the cost of building. More information on what the technician does, and why it is important, is listed in the next section of this chapter.

>

will include an inspection by a civil or structural engineer who will examine the roof, insulation, flooring and the condition of the walls of your home, as well as other structural areas. They will also check whether your appliances are up to code and will recommend whether a MEP (Mechanical, Electrical and Plumbing) report needs to be done by professional technicians. A Home Inspection conducted by a licensed home inspector will include a full examination which will consist of

structural components such as foundations, floors, walls, ceilings, hurricane straps and roof. They will also check all interior components, including doors, windows and all appliances, testing the safety and functionality of all items. A licensed home inspector is also qualified to inspect the mechanical, electrical and plumbing systems of the home. An inspection report is then provided, noting all findings, and actions for any required remediation. A similar approach should be taken when purchasing

Planned Special Assessments: If you are buying a condo, a good realtor will request a report from the strata’s property management

company

that

confirms

whether any special assessments are planned on the apartment complex. Special

11

assessments may involve considerable costs and you might well be able to get the existing owner to pay for them (or have them deduct it from the sale price).

>

Hidden Costs: Ask your realtor to request

FINDING A HOME

a breakdown of the monthly costs of running the property in the summer and in the winter months. It is not uncommon for a four-bedroom house on a 1/3 acre (particularly in a windy position) to have an average water bill of CI$650 per month

Whatever your real estate plans, we have the property professionals to guide you.

and an average monthly electricity bill in the region of CI$1,000-CI$1,500+ depending on the month of the year, size of the house and whether the property has been well insulated (if the house has Icynene spray foam insulation in the attic, it will not only significantly reduce your electricity bills but help hold your roof together in the event of a major hurricane).

Home Inspections & Site Surveys It is common practice to have a Chartered Building Survey completed before purchasing a property in the UK, whereas in the US you would most likely have a Full Home Inspection done by a licensed home inspector. There are companies that provide both services in the Cayman Islands and it is highly recommended that you have one done when purchasing a home. A Building Condition Survey

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a plot of land; while it may look like the lot is filled properly, it can be overlying soft peat or have other ground conditions which would require you to pile your future property at the cost of tens of thousands of dollars. Therefore, a site investigation is a must. A simple trial pit or more complex borehole test and accompanying report will reveal the build-up of the underlying ground conditions. This technical data can then be utilised by your structural engineer when designing and calculating the foundation structure that is necessary to support your home. Most builders will require this report before commencing construction.

Cayman’s Accommodation Locator of Choice!

Avata Property Services Ltd. Tel: (345) 947 4747 or (345) 916 4286 Email: info@avatapsl.com / alan@avatapsl.com www.avatapsl.com With over 50 years of experience working throughout the Caribbean, Avata’s team of property professionals in the Cayman Islands use their combined skillsets to deliver firstclass service to their clients. Contact them today for a quote or review of your property management needs. SEE AD PAGE 171 BCQS Property Management 2nd Fl, Whitehall House, 238 North Church St. Tel: (345) 949 9300 Email: contactus@bcqs.com

11

SEL Consulting

www.bcqspropertymanagement.com

Tel: (345) 525 0209

BCQS specialises in the proactive management

Email: selsam@candw.ky

of commercial and residential properties including stratas. They also have an extensive

Utopia Realty

range of residential rental properties available.

Tel: (345) 325 6372

Professional services are tailored to meet

Email: utopiacaymanrealty@gmail.com

a client’s specific property management

FINDING A HOME

requirements. SEE AD PAGE 179 WestPoint Inspections

Real Estate Sales Rentals

Email: info@westpoint-inspections.com

A1 Plaza Venezia, North Sound Road

www.westpoint-inspections.com

Tel: (345) 623 2772

A team of professional home inspectors

Email: info@charterland.ky

licensed and qualified to operate in the

www.charterland.ky

US and the Cayman Islands. They provide

Services include: Commercial, residential and

comprehensive home inspections, including

strata

full examinations of homes, which include

and appraisals, feasibility studies, quantity

structural integrity, exterior and site, all interior

surveying and cost management and insurance

components,

loss adjusting.

appliances

and

mechanical,

property

management,

valuations

also offers full construction services from

JEC Property Consultants Ltd.

remodelling projects to building multi-million

96 Mary Street, George Town

dollar homes. SEE AD PAGE 171

Tel: (345) 945 5930 Email: contact@jec.ky or www.jec.ky

Relocation Assistance

Property Management Services Given the number of property owners who live overseas, property management is an invaluable service on-Island. A good property management company will market your property, screen prospective tenants, draw up a lease, handle financials, produce monthly reports, handle maintenance matters and be on call 24/7. Many realtors offer property management services.

T: (345) 949 5134 E:THPM@CANDW.KY

WWW.THPM.KY CAYMANRESIDENT 2022

Charterland

electrical and plumbing systems. The company

Property Management

174

Tel: (345) 936 2454

»

JEC

Property

Consultants

Ltd.

provide

property management for both residential and commercial properties. Services include: tenant screening and placement, regular property inspections and reporting, management and supervision of maintenance contractors, mail collection, arrangement and attendance at AGM/EGMs, strata financial management including estimating yearly budgets, invoicing and collections, income and expenditure statements etc. SEE AD PAGES 173 & 262


REM Services

#1 Agent for Century 21 Cayman and Century

Locale, Unit C1, 455 West Bay Road, SMB

21 Caribbean. Amber specialises in offering an

Tel: (345) 946 8664

experienced service with attention to detail,

Email: rent@remservices.ky

to enable you to make an educated, informed

www.remservices.ky

choice for investment here in Cayman. Amber

REM Services Ltd. is a professional property

has an impressive portfolio of repeat clientele

management company in the Cayman Islands

and will assist you in making your Real Estate

with over 35 years’ experience. Providing

decision perfect to fit your criteria and budget.

services to clients on Island and overseas,

Amber is always happy to assist in Real Estate.

REM specialises in residential and commercial

Contact her today. SEE AD PAGE 162

properties

and

beachside

condos.

Both

short-term and long-term rental options are

Azure Realty Limited

available. SEE AD THIS PAGE

Tel: (345) 946 2987 Email: info@azurerealtycayman.com

THPM Real Estate

www.AzureRealtyCayman.com

201, Owen Roberts Drive

Redefining exemplary Real Estate customer

Tel: (345) 949 5134

service in the Cayman Islands since 2008,

Email: hello.thpmsales@gmail.com

Azure Realty is a truly exceptional boutique

www.thpm.ky

agency with international expertise and

Services include: Tenant placement, 24/7

extensive knowledge. Azure passionately

emergency call service, property advertising

guides clientele through the constantly

and showing, tenant screening, property

evolving local market with outstanding and

inspections

effective sales and listing solutions.

and

maintenance,

lease

SEE AD PAGE 163

FINDING A HOME

agreements and inventory preparation, rent

11

collections and bill payments, accounting and book keeping services. SEE AD OPPOSITE

PAGE

Baraud Development Tel: (345) 925 9595

Realtors - Sales When buying a property, it’s more productive to work with one real estate agent. As mentioned before, the Islands’ MLS is run by CIREBA and it ensures the best market coverage to view every property on all three Islands. A seller will list his/her property with a specific agent, that agent then enters the details into the MLS which is accessible to all CIREBA agents. The agent you are comfortable working with will show you all the listings, regardless of the listing source, so there is no need for you to reach out to different offices.

Email: stefan@baraud.com www.barauddevelopment.com Baraud Development Ltd. is a leading, local real estate development company in the Cayman Islands which strives to create superior building and living experiences of the highest calibre. Baraud Development Ltd. has been known for constructing the most luxurious properties in prime markets such as the Seven Mile Beach Corridor, South Sound, Grand Harbour, Prospect Canals and the grounds of the Ritz Carlton. SEE AD PAGE 7 Cayman Islands Sotheby’s International Realty Sheena Conolly – Broker/Owner Governor’s Square, Seven Mile Beach

Amber Yates - Century 21

Tel: (345) 623 1234

Cell: (345) 926 0396

Email: info.cayman@sothebysrealty.ky

Email: amber@c21cayman.com

www.sir.ky

www.century21cayman.com

As the only firm to have been awarded ‘Best Real

Amber has been a CIREBA Real Estate

Estate Company’ in the Cayman Islands by AIPP,

professional in Cayman for over 18 years and

they are a professional team of realtors that

is constantly an award-winning Top Performer

offer exceptional real estate concierge service in

for Century 21 Cayman. She is constantly the

the three Cayman Islands. We work closely with

»

www. c a y m a n r e s i d e n t . c o m

175


you to find the best real estate solution for your

properties in luxury magazines – printed and

to all important purchases and selling.

needs; whether that is a luxury home, a Seven

online – as well as through an impressive social

SEE AD PAGE 11

Mile Beach condo, investment property, land for

media and digital advertising network. They

development, an oceanfront residence in Cayman

also offer free property assessments.

IRG - International Realty Group

Kai or a family home. Connect with them today.

SEE AD PAGE 151

Tel: (345) 623 1111 Email: info@irg.ky

SEE AD PAGE 157

11

Crighton Properties

www.irgcayman.com

Coldwell Banker Cayman Islands Realty

Tel: (345) 949 5250 or (345) 945 1313

IRG – International Realty Group is a team of

1364 West Bay Road, Seven Mile Beach

Email: info@crightonproperties.com

real estate experts who specialise in every

J.C. Calhoun - Broker/Owner

www.crightonproperties.com

aspect of Cayman’s real estate market, from

Tel: (345) 945 4411 / Toll-free (USA): (888) 834

Since the early ‘70s, Crighton Properties has

luxury, and residential to commercial and

4083

provided their clients with expert advice about

new development. For almost 30 years, the

Email: info@coldwellbankercayman.com

the local real estate market. They have access to

IRG team has been providing specialist advice

www.coldwellbankercayman.com

an extensive range of real estate options, whether

and services to local purchasers, overseas

Operating out of an award-winning cottage in

you are looking to invest in a beachfront home,

investors, business owners and international

the most sophisticated stretch of SMB, with

condo, canal front lot or investment property. The

corporations. IRG is a member of CIREBA.

additional offices in the Sister Islands, Coldwell

knowledgeable agents at Crighton Properties

Banker has knowledgeable agents with a

will assist you every step of the way with your

JBS Property Group

reputation for finding unique properties to

property listing or sale. Contact them today to get

Tel: (345) 945 2753

buy or rent, producing in-depth comparative

started with your Cayman property search!

Email: info@jbspropertiescayman.com

market analysis necessary for buying, selling,

SEE AD PAGE 159

www.jbspropertiescayman.com

FINDING A HOME

renting, or investing wisely. Coldwell Banker has

JBS Properties is a dynamic, boutique real estate

a global reach of 3,000 offices in 44 countries,

Diamond Properties

agency. Operating for many years across Grand

achieved through long time associations with

Tel: (345) 949 3521

Cayman, Cayman Brac, and Little Cayman,

international agencies, and by promoting

Email: info@diamondproperties.ky

JBS

www.diamondproperties.ky

within Cayman’s property sector. They pride

When it comes to investing in today's fast-

themselves on the customer service experience,

paced real estate market, you need an

assisting every step of the way towards finding

experienced, fully licensed agency. Diamond

your perfect home. SEE AD PAGE 156

Properties

has

extensive

experience

Properties has emerged as the brokerage who listens first, knows the market, and is dedicated

Larissa Waters - Heritage Holdings

to ensuring you make your best investment.

Tel: (345) 936 3343

Diamond Properties, a proud member of

Email: larissa@investingincayman.ky

CIREBA, offers concierge-style representation

www.investincayman.ky

through every aspect of your Cayman Islands

With a background and experience of over 10

real estate transaction, be it buying, selling, or

years in Business, Commercial and Residential

renting, you are our priority.

Real Estate, Larissa proudly works directly

SEE AD PAGE 165

for the Cayman developer Heritage Holdings Limited, to promote commercial and residential

Engel & Völkers

development interest in the Cayman Islands.

Tel: (345) 623 1400

SEE AD PAGE 19

Email: heidi.kiss@evrealestate.com

176

CAYMANRESIDENT 2022

»

www.cayman.evrealestate.com

Kass Coleman – RE/MAX agent

Engel & Völkers Cayman Islands is a luxury real

Tel: (345) 949 2396

estate brand that offers local expertise backed

Cell: (345) 916 0378

by a global reach. They align themselves with

Email: Kass.coleman@remax.ky

exceptional real estate professionals to not

www.facebook.com/KassCaymanIslands

only better serve their clients, but exceed

Kass Coleman has excelled in Cayman real

their expectations. From starter homes to

estate with RE/MAX for nearly 30 years in

dream homes - they provide a personal buying

all areas of sales and marketing. Kass is a

experience. They provide a white glove service

“Lifestyle Specialist” and will help you every


step of the way when buying or selling your

Email: admin@propertycayman.com

selection of properties for sale and specialises

property. Let her experience and proven

www.propertycayman.com

in matching the perfect people to their dream

track record work for you. SEE AD PAGE 155

Specialising recognised

in

matter-of-fact

internationally

for

advice,

sales

and

home, as well as helping vendors get the best value from their property. SEE AD PAGE 174

Kristina King - ERA Cayman

marketing, and donating a portion of every sale

Tel: (345) 916 7988

to affordable housing in Cayman – this team

1503 Property Group

Email: kristina.king@eracayman.com

does more than say they do things differently.

Tel: (345) 525 1503

Kristina grew up on Grand Cayman after her

They have transformed the way real estate is

Email: hello@1503propertygroup.com

parents moved here in the early 70’s. She puts

bought, sold, and marketed. But beyond that,

www.1503propertygroup.com

building customer relationships first, utilising

it’s their welcoming energy, mirroring that of

1503 Property Group is a leading real estate

her vast knowledge and experience gained

the island, that will make you feel like a local

brokerage in the Cayman Islands that is

over many years of living and working in the

even if you’re not one — yet.

committed to providing outstanding service.

Cayman Islands to offer her clients guidance. If

Founders Jill and Ruth are go-getters who

you are looking to sell your property or find the

Provenance Properties Cayman Islands

leverage

the

most

emergent

marketing

perfect home or investment, and ensure every

Tel: (345) 640 7000

strategies and technology to ensure their clients

transaction is a successful experience - call

Email: info@provenanceproperties.com

and customers benefit from the impressive

Kristina today! SEE AD PAGE 160

www.provenanceproperties.com

network the company has established.

Provenance Properties is the Cayman Islands

SEE AD PAGE 161

11

affiliate of Christie’s International Real Estate, a

Tel: (345) 916 8925

global leader in luxury real estate. Provenance

RENTING A PROPERTY

Email: Melisa@diamondproperties.ky

Properties specialises in representing luxury

www.diamondproperties.ky

Grand Cayman real estate, including the

As a generational Caymanian, Melisa has

exclusive listing for The Residences at Seafire.

unsurpassed local knowledge and an expansive

This boutique brokerage provides exceptional

network. With a background in the legal

service and valuable market insights.

Starting Your Search There is no central portal so the best place to start your search is by contacting a realtor who specialises in rentals. They will give you a list of what they have

and financial services industry, Melisa has

SEE AD PAGE 153

absolutely found her calling as a real estate agent with Diamond Properties. Sharing her

Rhulens

warm smile, big personality, and enthusiastic

Cayman Tel: (345) 938 1000

nature, Melisa is ready while helping her clients

New York Tel: 1 (917) 836 9108

with all their real estate needs.

Email: sloane@rhulens.com

SEE AD OPPOSITE PAGE

www.rhulens.com Rhulens is your trusted advisor when it comes

Morgan McCartney - Diamond Properties

to purchasing, selling, or renting residential

Agent

real estate in Cayman. Their extensive

Tel: (345) 517 0840

experience, market knowledge and strong

Email: Morgan@diamondproperties.ky

negotiation skills enable them to achieve the

www.diamondproperties.ky

best possible outcomes for their clients. They

A recent graduate of The University of Tampa

offer unbiased research, analysis, and advice,

with a Bachelor of Science Degree in Business

and provide exceptional customer service.

Management, Morgan is excited to be back in

SEE AD PAGE 81

her favourite place on earth. Born and raised in Grand Cayman, into a family with a history of

THPM Real Estate

real estate development, she is proud to begin

201, Owen Roberts Drive

her career in the family path. Morgan is friendly,

Tel: (345) 949 5134

professional, and dedicated to providing her

Email: hello.thpmsales@gmail.com

clients with a #CaymanKind service that goes

www.thpm.ky

above and beyond. SEE AD THIS PAGE

A leading real estate agency offering a bespoke sales service with reduced sales

Property Cayman

commission, excellent attention to detail and

Tel: (345) 749 4663

top customer service. THPM offers a wide

»

www. c a y m a n r e s i d e n t . c o m

177

FINDING A HOME

Melisa McTaggart - Diamond Properties Agent


available, arrange viewings and even drive you around to see properties. This is also free of charge. Alternatively, you can look on ecaytrade.com and see what rentals are listed there; as of August 2021, ecaytrade.com listed 941 available rentals. As expected, rent along the Seven Mile Beach corridor and in the South Sound area is generally higher than units in West Bay or Savannah. To manage your expectations, communicate your wish list to a realtor prior to your arrival. Have the following in mind when you contact an agent:

> 11

on either your location, size, or your budget.

photos if you have yet to arrive on-Island.

Prioritise your wish list prior to the search.

Price range: Rent in Cayman is not as affordable as you may be used to and you may have to forgo that beachfront condo or extra bedroom to stay within budget.

>

Deposit: The industry standard for a rental security deposit is equivalent to a full

>

Utilities Deposit: Estimate approximately

month’s rent. E.g. if you lease a property

CI$100 for water, CI$200-CI$500 for

for CI$1,500/month, your deposit will be

electricity and an estimated CI$150 for a

CI$1,500. In addition to this, the first month’s

landline, cable and/or internet package. See

rent will be required to be paid in full on or

the Settling In chapter for more details.

before you take occupancy.

>

Related Costs In addition to the first month’s rent and deposit, you will have to pay associated start-up costs for your new accommodation:

>

Maintenance Costs: Most landlords will

Location: Again, be realistic, not everyone

take care of maintenance costs associated

Time-frame: The majority of tenancies

lives within walking distance to the beach

with garden and pool care, pest control

commence on the first of the month.

or a shopping centre. A reduction in the

and servicing of general systems such as

Landlords can be flexible if you ask and

commuting time is often one of the top

A/C. If this is not specified within the lease

put a security deposit down (typically one

priorities for people moving to the Cayman

agreement, enquire prior to signing.

months’ rent). Most rentals will not begin to

Islands, so you may want to make sure you

be advertised until 4 - 6 weeks prior to the

choose a property which factors in journey

is the responsibility of the tenant. The

times to the office and schools.

property owner will be responsible for any

Size: How many bedrooms do you need or

issues that are not the fault of the tenant i.e.,

permit has been approved before you start

want? Many people like to have an extra

inclement weather, a burst pipe or the A/C

your search. The current market moves

bedroom for visitors, or even a home office.

system failing.

start of the lease and the rates will fluctuate throughout the year so wait until your

FINDING A HOME

>

you a tour by FaceTime or send additional

very quickly. Most realtors are willing to give

> >

Lifestyle: You will likely have to compromise

>

>

Insurance: Insuring personal belongings

Furnishings: Most units come furnished. Prior to signing a lease, ask for an inventory list showing everything that comes with

Centre Island Properties

the unit. You will have to be prepared to supplement anything missing.

>

owners do not accept pets. Those that do will require an additional non-refundable

Leasing • Apartments • Commercial Centre Island Properties is your 1-stop shop for long-term residential and commercial leasing complete with a professional property management team on Grand Cayman

security deposit, which can be as much as CI$600 per pet to account for a specialised cleaning of the unit done once the tenant has left.

>

Monthly Costs: You will be expected to pay

Long Term Leasing: • Residential (apartments and condos) on 7 Mile Beach, George Town, West Bay, Snug Harbour and Palm Heights Drive.

water and electricity which will be based on

• The Residences at the Falls 48 luxurious condos in Seven Mile Beach across from the Westin Hotel. Available for long term leasing.

signing an agreement. Cable and internet

• Commercial (office, retail and large commercial warehouse spaces) on 7 Mile Beach and George Town

package and you can pay to upgrade.

www.centreislandproperties.com

Tel: (345) 326-4790 178

Pets: A large number of complexes or

CAYMANRESIDENT 2022

• »

Email: rge@bcqs.com

consumption, the size of the unit and the age of the build. Your realtor will be able to give you an estimate on the unit prior to may or may not be included in the rental rate. If it is included, it is usually a basic

Realtors - Rentals For potential renters, the best approach is to email one of the realtors below, make a connection and have them guide you in your search. Please note that each agent


or company will have their own rental listings, but they will have access to each other’s, as well as properties listed on Ecaytrade.com.

member of CIREBA, Ritch Realty Ltd. has been providing real estate services to clients since 1991. SEE AD PAGE 164 THPM Real Estate

BCQS Rentals

201 Owen Roberts Drive

2nd Fl, Whitehall House, 238 North Church St.

Tel: (345) 949 5134

Tel: (345) 949 9300

Email: hello.thpmsales@gmail.com

Email: rentals@bcqs.com

www.thpm.ky

www.bcqsrentals.com

THPM is a leading real estate agency offering

If you’re looking for the ideal apartment or home

personalised services to clients. Whether new to

to rent over the long-term, talk to the friendly

the island or looking for a new home, a condo

professionals at BCQS Rentals. With full relocation

or corporate properties in the capital, THPM

and tenant placement services, BCQS can help

offers a comprehensive selection of properties

you every step of the way. BCQS Rentals brings

to clients. THPM also provides full property

quality tenants and landlords together. Review

management and sales. SEE AD PAGE 174

their website today to see the latest rental listings. SEE AD THIS PAGE

The Terraces at Camana Bay

11

Dart Real Estate, Camana Bay Tel: (345) 640 4000

Tel: (345) 326 4790

Email: info@camanabay.com

Email: rge@bcqs.com

www.camanabay.com

www.centreislandproperties.com

An exclusive property in the heart of Camana Bay

Centre Island Properties is a premier real estate

owned by Dart Real Estate, The Terraces offer

company having residential and commercial

residents the ‘work, live and play’ dream. There

properties available for rent in Grand Cayman.

are one and two bedroom options available and

SEE AD OPPOSITE PAGE

they come with direct access to all of Camana

FINDING A HOME

Centre Island Properties

Bay’s renowned amenities. SEE AD PAGE 158 REM Services Ltd. Locale, Unit C1, 455 West Bay Road, SMB Tel: (345) 946 8664 Email: rent@remservices.ky

Real Estate Photography Please refer to the Living in Cayman chapter.

www.remservices.ky management company in the Cayman Islands with over 35 years’ experience. Providing services to clients on Island and overseas, REM specialises in residential and commercial properties and beachside condos. Both shortterm and long-term rental options are available. SEE AD PAGE 175

Ritch Realty Ltd. Cayman Tel: (345) 949 9838 / (345) 925 5653 Email: info@ritchrealty.ky www.ritchrealty.ky Ritch Realty Ltd. is a leading real estate agency in the Cayman Islands specialising in sales, property management and rental properties at premium locations in Grand Cayman. A

Temporary Accommodation Many companies offer new employees two to four weeks of temporary accommodation to assist with relocation. Options include: Sunshine Suites (Tel: (345) 949 3000), Shangri-La bed and breakfast (Tel: (345) 526 1170), and The Locale Hotel (Tel: (345) 233 7829). There are also a growing number of property owners who are using Airbnb to advertise locally available condos and guest houses, or you could try one of the condominiums on Seven Mile Beach. Without tourists coming to Cayman, many are available for short-term rentals and staycations.

bcqsrentals.com

THE

REM Services Ltd. is a professional property

+1 345 949 9300 rentals@bcqs.com

Tell them you saw it in the

family owned and operated business and

»

www. c a y m a n r e s i d e n t . c o m

179


Running Your

Home

Photos courtesy of Design Cayman and Ten2 Photography for Design Studio

How to maintain your home, pool and garden, organise domestic help and assess your monthly costs of living in Cayman.

R U N N I N G YO U R H O M E

12

180

Maintaining Your Home - Air Conditioning - Electricians - Home Security - Pest Control - Quarterly Spraying - Utilities Management - Painting & General Maintenance - Plumbers - Recycling

180 180 182 182 183 184 185 185 185 185

Cleaning Services

186

Domestic Help

187

Maintaining Your Garden - Landscaping - Planting Trees - Lawn Maintenance - Sargassum Removal - Pool Maintenance

188 188 188 188 189 189

Sewage & Wastewater Treatment

190

Waste Disposal

190

CAYMANRESIDENT 2022

»

MAINTAINING YOUR HOME

The quality and selection of services available in Grand Cayman compares to those found in major North American cities. From furniture stores and expert contractors to pool maintenance and landscapers, all your home needs are catered to. But there’s just one catch – living in paradise is not always cheap! By shopping around before choosing a service provider, you can source quality workmanship while avoiding financial haemorrhage. In this chapter, we list some highly recommended professionals, as well as insider home maintenance tips. Air Conditioning Air conditioning is an expensive necessity on-Island and can have the biggest impact on your electricity bill. Keeping the temperature at the highest setting you feel comfortable with will help reduce costs, as well as using an overhead fan, especially during the winter months when a fan may be all you need in the mornings and evenings. You can also save electricity by closing curtains or blinds during the day, making sure your air filters are clean and that your home is well insulated. Finally, ensure that you have your air conditioning unit regularly maintained by a professional company to maximise its efficiency. There are ample air conditioning contractors to choose from. When selecting an air conditioning system, presuming you are getting a new one, make sure that the system has a high Seasonal Energy Efficiency Rating


QualityAir. Air. Quality Quality Care. Quality Care. QualityLiving. Living. Quality OtisHome is a Residential Air Conditioning Solution bringing the most advanced

OtisHome is a Residential Air Conditioning Solution bringing the most advanced home air care technology and quality service right to your doorstep. home air care technology and quality service right to your doorstep. Using advanced customer service management technology OtisHome:

Using advanced customer service management technology OtisHome: • Saves you time • Saves youyou time • Saves money • Saves you money • Reduces stress

• Reduces stress

• Provides you comfort • • Provides comfort Gets youyou back to being cool

• Gets you back to being cool

Air conditioning installation, repair and maintenance has been this good. Air never conditioning installation, repair and maintenance has

never been this good.

Contact 640.HOME (4663) today!

Contact 640.HOME (4663) today! otishome.ky

otishome.ky


(SEER). This can make a big difference to your energy consumption. Air Conditioning Contractors Below are three local companies who can advise, install, maintain and repair A/C systems. Although the cost of quarterly maintenance is often similar, some companies will include the cost of new filters, whereas others won’t. Androgroup Ltd. Tel: (345) 949 8000 (24-hour service)

skilled team of technicians and support staff

Appliance Sales, Service & Repairs

provide installation, clean air solutions and

A. L. Thompson’s

repair and maintenance services. 299 Sparky

They sell and support the following major home

Drive, GT. Tel: (345) 640 HOME (4663) / 24-

appliance brands: Whirlpool, KitchenAid, Miele,

Hour Line: (345) 945 7161, email: info@otisair.

Sub-Zero and Wolf. 189 North Sound Road,

ky or visit www.otisair.ky. SEE AD PAGE 181

George Town, Tel: (345) 949 8622 or visit www.althompson.com.

Mould Remediation, Decontamination & A/C Duct Cleaning & Sanitation A/C ducts and vents can quickly become susceptible to mould and bacteria growth if they are not regularly inspected and thoroughly cleaned by a trained professional.

Cooling Pros

Bon Vivant Kitchen Studio Offers kitchen design services, specialty culinary appliances, cabinets and a variety of kitchenware: blenders, juicers and accessories. Brands include Bosch, Thermador, Smeg, Liebherr and Le Creuset cookware. They also

Tel: (345) 946 2665

12

SEE AD PAGES 203, 239, 241 & 243

EcoSmart Cooling Ltd.

have a busy schedule of interactive cooking

Tel: (345) 936 2665

classes for all levels of ability. Market Street,

OtisAir & OtisHome

Camana Bay. Tel: (345) 623 2665, email: info@

OtisHome brings the most advanced home air

OtisAir & OtisHome

bonvivant.ky or visit www.bonvivant.ky.

care technology and quality service right to

Tel: (345) 640 4663

SEE AD PAGES 206 & 248

customer service and the highest quality, cost

Parsons Air Conditioning

Electricians

effective and energy efficient Residential Air

Tel: (345) 949 3945

Androgroup Ltd.

R U N N I N G YO U R H O M E

your doorstep. OtisHome provides superior

Conditioning Solutions to the Cayman Islands.

Tel: (345) 949 8000 (24-hour service)

With over 20 years’ experience their highly DP Economy Services Ltd. Be it a full apartment, home renovation or just a kitchen or bathroom remodelling stint, DP Security System Design & Consulting

Economy Services can address your renovation needs in the fastest possible time without

Central Station Alarm Monitoring

Peace of Mind

Intruder Alarm Systems

When it comes to protecting your property and loved ones, you don’t want to cut corners. Feel confident that your security company is an expert in the industry. Our Central Monitoring Station is located on island and staffed 24/7/365 with professionally trained Central Station Agents who ensure your property and the people you love are safe.

provide

Remodeling,

Renovation,

Access Control

pricing. 325 Owen Roberts Dr, GT. Tel: (345) 321 visit www.dpeconomyservices.com. SEE AD PAGE 260

CCTV

Gate Barrier Systems

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sacrificing on quality of delivery or workmanship.

Home Security While Cayman enjoys one of the lowest crime rates in the Caribbean, burglaries do occur. These are often crimes of opportunity and occur at residences when no one is at home, the entry is concealed and there is easy to access. It is suggested that you lock all doors and windows, particularly when you are not at home. There is a lock that is unpickable called the ‘multi-lock’. With this key, a new key cannot be copied without proof of identification by the


property owner. They are expensive, but the police recommend these locks above all others available on the market. If you live in Cayman and are going away on holiday for an extended period, have a friend or a neighbour check on your home periodically. For added protection, you can also have an alarm system installed in your home, which can then be connected to a security company. There are several security companies across the Island that can advise you on beefing up your home security. Here are a couple of options: Island Electronics (Security & Monitoring) Ltd. Established in 1986, Island Electronics provides dependable, quality security and monitoring

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services. Over 1,200 clients in Cayman have trusted IEL to keep their properties safe with round the clock protection. They are Five Diamond Central Station certified by the Central

R U N N I N G YO U R H O M E

Station Alarm Association. 90 Godfrey Nixon Way, GT. Tel: (345) 949 8255, email: info@ ielgroup.com or visit www.ielgroup.com. SEE AD OPPOSITE PAGE

The Security Centre Limited The Security Centre is the largest security provider in Cayman, offering the most secure in-house solutions for integrated alarm and monitoring systems, CCTV’s, keyholding and locksmith services, access control, tracking devices, guarding, privacy and hurricane protection, and home automation services, for over 30 years. The Security Centre - dedicated to protecting your world! Cayman Technology Centre, 115 Printers Way, GT. Tel: (345) 949 0004, email: info@security.ky or visit www. security.ky. SEE AD THIS PAGE & PAGES 192 & 242

Pest Control Cayman’s warm tropical climate is hospitable to many different types of bugs and animals. Thankfully, none of them pose a huge danger, however any bites or stings should always be treated with caution. Scorpions tend to be more prevalent after periods of heavy rain and home infestations can occur in large numbers. Although not particularly poisonous, they have a very

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painful sting and if any symptoms occur, you should visit the hospital or doctor. Termites are a major problem in this region and can cause a lot of damage to a property. If you are planning to purchase a house it is important to have a termite inspection done prior to purchase, and a pre-treatment done prior to building. Several species of spiders can be found in Cayman, and while most are harmless, medical attention should be sought if you suspect you’ve been bitten by a Brown Recluse. Rodents are an all-year problem in Cayman. There are two species of rat and one species of mouse on-Island. People with pets will likely encounter ticks and fleas − local vets sell NexGard chewable tablets, which are an effective flea and tick control medicine for dogs. Ticks are a particular nuisance during dry weather and if you have a tick infestation in your home, then a reliable pest company needs to spray the floors of your home twice over a two-week period. It is the task of the Mosquito Research

& Control Unit (MRCU) to suppress the mosquito population and assist in preventing mosquito-borne diseases. The MRCU conducts aerial spraying with insecticides before the rainy season to kill larvae and evening sprays to kill adult mosquitoes. Fogging trucks are used for ground spraying at times when mosquitoes are most active. To minimise mosquito problems on your property, ensure there are no open containers where water might grow stagnate, as these areas are breeding grounds for mosquitoes. Large land crabs are common across the Island. Migrations are prompted by heavy rain and storms when thousands make their way to the sea to spawn. Many Caymanians catch land crabs to eat, so when driving in crab season, use caution and watch for ‘crabbers’ along the roadside. Chickens and roosters roam freely in the Cayman Islands and can often be a nuisance with their crowing. You can purchase a trap from the Department of

Do it right the first time!

Over 35 years in business

Serving all 3 Cayman Islands Residential & Commercial Pest Control • Rodent Control Fire Ant & Carpenter Ant Control • Fly Control

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and arrange for their humane disposal. Call (345) 947 3090. Non-indigenous, invasive green iguanas are a problem, and must not be mistaken with the endemic Cayman blue iguana, which is a protected species. The green iguana is a pest that breeds in large numbers and has no natural predators. In an effort to wipe them out, a Governmentmandated cull was launched in 2018 whereby registered cullers received a bounty per iguana carcass. In 2021, the bounty was set at CI$5 for hatchlings, CI$7 for small adult iguanas and CI$10 for adult iguanas weighing more than five pounds. Since the programme’s formulation, 1.3 million green iguanas have been killed by around 140 registered cullers. If these voracious eaters are wreaking havoc on your garden, you can call Joseph on (345) 939 6075. He is a registered DoE culler, and has a licence for an air rifle. He will come to your home, cull, and dispose of the iguanas. Quarterly Spraying at Home If you are buying a property, you should check if the property has been sprayed regularly for pests. If renting, ask your landlord if they have a pest control company that sprays quarterly to control ants, scorpions and cockroaches. Most property owners will do this as a matter of course to protect their investment. If your landlord doesn’t arrange this, it might be worth organising it yourself. If not mitigated, pests can become a serious problem in the Cayman Islands. A typical house, depending on size, costs between CI$135-CI$165 per quarter to treat. Treating a two-bedroom apartment costs in the range of CI$125-CI$140 per quarter.

Lawn Spraying & Feeding • Shrubs, Plants & Tree Spraying Pestkil Ltd.

Pre -Construction Soil Treatment • Subterranean Termite Control • Termite Inspections/Reports Sentricon Termite Colony Elimination System

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Operates across all three Islands and has been in business since 1982. Services include the control of cockroaches, rodents, ants, as well as all other pest control for residential and commercial locations; including lawn, shrubs and tree services. Owned and run by a Doctor of Entomology (insects), Pestkil holds a long standing position in the community; boasts a


strong team culture of experienced and trained

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sub-terranean

termites.

Utilities Management

Recycling Cayman has made progress in its recycling efforts over the last seven years but there is still a long way to go. There are currently seven recycling depots; six of which are located at two of the Island’s major supermarkets. The newest depot is located in North Side in the Chisolm’s Grocery store parking lot. Residents can recycle the following items at each of these locations: a) paper and cardboard, b) clean metal food cans

Caribbean Utilities Company Ltd. (CUC) CUC commenced operations as the only public electric utility in Grand Cayman in May 1966. The company relies upon diesel generation to produce electricity. Consumer Owned Renewable Energy (CORE) tariffs allow

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customers with an interest in environmentallyfriendly renewable energy to connect to CUC’s distribution grid and receive credits for generated power. Administration Building, 457

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North Sound Road, George Town. Tel: (345) 949 5200, email: service@cuc.ky or visit www. cuc-cayman.com. CostWatch CostWatch helps manage utilities, such as water and electricity. They provide monitoring and automation services that allow you to track and control utilities and other systems in order to keep costs within budget. By delivering customised solutions that suit customer’s exact needs their services pay for themselves, protecting your bottom line. 125 Owen Roberts Drive, GT. Email: info@costwatch.ky or visit www.costwatch.ky.

Painting & General Maintenance Painting contractors usually charge by the job rather than by the hour. DP Economy Services Ltd. (Tel: (345) 321 7562) offers expert advice and painting services. Plumbers Androgroup Tel: (345) 949 8000 DP Economy Services Ltd. Be it a full apartment, home renovation or just a kitchen or bathroom remodelling stint, DP

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(tin and aluminium), c) glass bottles and ceramic dishes and d) PET/PETE and HDPE plastics (No.1 and No.2). Be sure to check the bottom of containers for codes such as PET, PETE and HDPE or look for the 1 & 2 symbols. Read the signs at each depot and follow the instructions carefully. It is essential that no additional waste items are disposed of in recycling bins as they contaminate the recyclables and could cause them to be sent to the landfill. Make sure everything has been rinsed out and is clean, and don’t put plastic wrappers, plastic bags and cling wrap in with the No.1 and No.2 plastics. Bins have been organised using the following colour codes: Blue – Types 1 & 2 Plastics, Yellow – Paper & Cardboard, Gray – Tin & Aluminium Cans, and Brown – Glass & Ceramics. Residents can also deposit recyclable items at the 24-hour drop-off site located at the front of the George Town landfill. There is no fee for this service and assistance is provided during regular business hours.

Camana Bay also operates a recycling depot, accepting glass, aluminium and cardboard items. Plastic items are accepted at Foster’s Camana Bay. Recyclables in Cayman Brac and Little Cayman are safely stored at their respective landfills until arrangements are made for shipping to Grand Cayman for further processing. Once at the recycling facility at the George Town landfill, recyclables are sorted, processed and baled for shipment to recycling plants in the US. For more information about how you can recycle, refer to the Being Green chapter.

you don’t go through an agency, it is easy to find someone via word of mouth. For a seasonal clean of your carpets, area rugs, windows and upholstery, it’s worth hiring a specialised team to do the job. The agencies listed below can help. Complete Clean Complete Clean was founded by Luraine Freeman, a cleaning industry professional with decades of collective experience. At affordable rates, they provide detailed residential and commercial

cleaning

services

including

specialties such as disinfecting, non-toxic methods, carpet, upholstery, tile and grout. They are committed to creating a clean and

CLEANING SERVICES

At some point you might find yourself needing the help of a professional cleaning service to give your home a proper, thorough clean. Fortunately housekeeping services are an affordable luxury in Cayman and there are a number of reputable cleaning companies that offer various residential and commercial services. If

healthy environment for you and your family with options for recurring and one-off deep cleaning services. Tel: (345) 939 5148 / (345) 325 4922, email: info@completecleanky.com or visit completecleanky.com. SEE AD PAGES 80 & 185

Hew’s Cleaning Services A family-owned company that provides trustworthy,

professional

and

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CALL: 949 0734

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cleaning. They also offer sanitising, marble more. Staff are trained in Applied Microbial Remediation and follow all protocols in cleaning and disinfecting for COVID-19 according to CDC recommendations. They also offer a residential

Maids Offices Floors Carpets Upholstery Marble Mold Windows Microbial restoration Water restoration Fire restoration

team cleaning service and they come prepared with supplies. A great, hassle-free service. Tel: (345) 949 0734, email: chris.hew@hewsjanitorial.com or visit hews-janitorial.com. SEE AD THIS PAGE

Reliable Industries Reliable Industries Ltd. is a family-owned cleaning and restoration company, in operation for over two decades. They have consistently maintained a gold standard of customer service reflected in all their operations. Reliable Industries Ltd. takes pride in understanding the needs of each individual client. Their wide

PO Box 10594, Grand Cayman KY1-1005, 335 Dorcy Drive, Industrial Park hews@hews-janitorial.com

CAYMANRESIDENT 2022

as well as oven, carpet, cupboard and window polishing, upholstery cleaning and much

Family owned and operated in the Cayman Islands since 1977. Safe, professional, trustworthy, efficient, friendly & caring. Staff are trained in Applied Microbial Remediation and follow all protocols in cleaning and disinfecting for COVID-19 according to CDC recommendations.

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Contact them for general and deep cleaning,

array of services cover commercial, industrial and residential, and include: 24/7 emergency

»


flood services, water extraction, restaurant and hood cleaning, exterior building cleaning, pressure washing and glass cleaning, marble and natural stone, tile and grout cleaning, carpet and upholstery, post construction cleaning and even tree cutting & removal. 313 Compass Drive, North Sound Way, GT. Tel: (345) 949 9303, email: info@reliable.ky or visit www.reliable.ky. SEE AD THIS PAGE DOMESTIC HELP & NANNIES

ky. A police clearance, passport photos and a full medical are also required. They may be required to take an English test as well. It is worth noting that the WORC does not usually grant expatriates a work permit for domestic help, unless they show sufficient need, i.e. they have children who need looking after, in which case you will also need to provide certified copies of the birth certificate of each child to be cared for and think carefully about the information you provide in your cover letter. Note that a work permit for a ‘Nanny’ needs to be advertised in the newspaper for two consecutive weeks and costs CI$650 per year, but a work permit for a ‘Domestic Helper’ does not need to be advertised and costs CI$250. You will also need to take care of your employee’s health insurance and pension, give them at least two weeks paid vacation per year and pay them double time for working any public holidays. A good employer will also pay for one airline ticket home per year and give a Christmas bonus

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Many families employ domestic help either on a full-time, live-in or parttime basis. You can often find someone via word of mouth on Facebook forums such as ‘Women in Cayman’, ‘Hope of Cayman’ or ‘KYMommies’ or you can try an agency. Make sure to ask for and check all references. > Hiring through an agency: Expect to pay approximately CI$12 per hour for a minimum of four hours if hired on a full-day or half-day regular weekly basis. If you hire them as a one-off, the hourly rate is CI$14. The convenience of using

an agency is that they train the staff, pay their health insurance and pension, and will replace them if they can’t work for any reason. Refer to the Having A Baby chapter for more detailed information on securing a full-time domestic helper or caregiver through an agency. We recommend the following two agencies: AAA Caregivers Agency, Tel: (345) 916 5925 or www. aaacaregivers.ky. Best Home Care, Tel: (345) 947 2297 or email: bhc@candw.ky. > Hiring someone yourself: If you hire someone yourself then the going rate for a full-time helper (between 40 and 45 hours per week) is approximately CI$450 per week, before overtime. For this salary they would be expected to be able to drive your children, cook for them and help with cleaning the house. For part-time work, babysitting or overtime, the going rate is CI$10 per hour. If you hire your own helper on a fulltime basis, you must apply for a work permit. Paperwork and instructions can be downloaded from their website: www.worc.


of between two-week’s and a month’s salary. > Things to note: You cannot submit your domestic helper’s work permit paperwork until your own work permit has been approved; it is illegal to make them pay for their own work permit; helpers are not allowed to have dependants on their work permit and the maximum time they will be allowed to stay on the Island is ten years. MAINTAINING YOUR GARDEN

If you live in an apartment complex, the strata will generally take care of garden maintenance. Homeowners not a part of a strata can seek landscaping services from one of the many companies in Cayman. See the Lawn & Garden Maintenance heading further in this chapter. Alternatively, you can maintain your own garden. Equipment such as lawn mowers and fertiliser are available from most home centres such as A. L. Thompson’s, Cox Lumber, Kirk Home Centre and Uncle Bill’s. There are also very good plant nurseries with experienced staff who can advise you. Refer to the Shopping chapter for details on where to buy all-weather outdoor furniture.

Cayman Growers

Has Over 10,000 Trees and Shrubs Most Grown Locally

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Over 50 Varieties of Palm, Shade and Ornamental Trees

NURSERY • Largest Nursery on the Island • 30 Acres of Trees, Shrubs and Empire Zoysia Sod

• Wholesale Division • Expert Advice

Landscaping Expect to pay independent landscapers around CI$15 per hour. Many gardeners will chop back plants, so be very specific about what you need trimming, and make sure they don’t kill any snakes as grass snakes in Cayman are harmless and help keep the frog population in check.

LANDSCAPING

• Landscape Design & Installation • Irrigation and Landscape Lighting • Residential & Commercial • No Job is Too Big or Too Small • Professional and Experienced Team BEST PRICES ON THE ISLAND

Planting Trees Planting trees around your property is a great way to support Cayman’s environment and will also help keep your house cool, provide shade outdoors while your children play in the afternoons and add character and value to your property. Local resident Margaret Barwick, author of the book Tropical & Subtropical Trees, maintains the emphasis should be on respecting and incorporating indigenous flora where possible. Planting indigenous trees supports the local wildlife (birds and bees, in particular), will be less affected by pests and will also bounce back far quicker after a major storm.

Hours of Operation Monday-Friday 8am-4pm Saturdays 8am-5pm Call: 345.323.0722 Email: caymangrowers@candw.ky Web: www.caymangrowers.ky 188

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The Neem tree is a fantastic shade tree that grows fast and is drought resistant. It is non-toxic to birds and is an important honey plant (i.e. bees love it). Another great option is the Mahogany, an indigenous, endangered tree that is salt tolerant and fairly fast growing. The smaller Poui, Poinciana and Tabebuia trees are also very popular on-Island for their showy canopy of bright flowers. Not to be forgotten are fruit trees: Mango trees are slow growing, but they are wonderful when they bear fruit. Investigate the different varieties and choose a species whose fruit you love. A couple of amazing ones that don’t have strings in them are the Bombay, Carrie, Nam Doc, Keitt and the Nelson. Avoid planting the invasive, non-native Casuarina tree. While coconuts are fast growing palms and provide nuts filled with delicious water and jelly, the nuts may fall and hurt children if they play under them, so have the coconuts removed often. A good person to talk to about plants that attract birds and butterflies is Ann Stafford. She runs Cayman Nature (www. caymannature.ky) and is a native plant expert. Lawn & Garden Maintenance Lawns in Cayman, and particularly those with St. Augustine and Zoysia grass, often suffer attacks from white grub, army worms and cinch bugs. If your lawn is coming up in clumps or showing brown patches, then you have a problem. The most effective way to treat it is to have a pest company spray the lawn every three months and make sure you water it well. Note that Zoysia lawns should be shaved down once a year during the rainy season. Cayman Growers A complete landscape company and plant nursery, as well as a 30 acre sod/grass and tree farm located in East End. They have a wide variety of palm, shade and fruit trees including mango, avocado and the Barbados cherry. Their landscaping services include design, installation, irrigation and lighting. Monday-


Friday 8am-4.30pm. Tel: (345) 323 0722, email: caymangrowers@candw.ky SE E AD OP P OSI T E PAG E

Every Bloomin’ Thing (EBT) EBT houses plants, flowers, trees and shrubs, as well as quirky gifts. Open Monday-Saturday

structures, they should still be removed from roof spaces as their droppings can create odour problems. To ensure safe removal, please contact the National Trust at tours@nationaltrust.org.ky. By law, bats cannot be disturbed during their breeding season (June-November).

8am-4.30pm and Sunday 10am-4pm. 384 Crewe Road, George Town. Tel: (345) 945 1701, visit www.ebt.com.ky. Paradise Landscaping Tel: (345) 547 1530 Power Flower For over 30 years, Power Flower has been providing residential and commercial clients on Island with premier landscape maintenance and design services of the highest standard. Their family of professional landscapers, irrigation specialists and tree pruners are committed to delivering outstanding service and timely communication for every project on every George Town. Tel: (Office) (345) 949 2256 or (345) 321 0308 (Nursery), email: office@ powerflower.ky or visit www.powerflower.ky. SE E AD PAG E 244

Vigoro Nursery & Landscaping With two handy garden centres, Vigoro is a fullservice landscape and design company backed by a plant nursery. Both stores sell a large variety of seeds, plants, shrubs, trees, soil, fertilizers, terracotta pots, home and garden accessories and Mexican Talavera. Walkers Road, Tel: (345) 949 4270. Agricola Drive, Tel: (345) 945 5236. Email: tom.balon@vigoro.ky

Sargassum Removal Sargassum is a genus of large brown seaweed that floats in island-like mats and is a crucial habitat for many different species. However, at certain times of the year it washes ashore and as it dries, it gives off a foul smell. Usually, a nor’wester will blow through and take it out to sea again, but sometimes it builds up so much that

Pool Maintenance If you rent or buy in an apartment complex, then the strata will take care of the cost of pool maintenance. If you own a house with a pool, depending on its size, expect to pay on average CI$150 to CI$200 per month to have a maintenance technician come around once a week to add chemicals and vacuum the pool. Saltwater pools, with their essential component, a chlorine generator, are a more environmentally friendly alternative to traditional chlorinated pools and also require less maintenance. Other environmentally friendly products such as LED lights, variable speed pumps, solar heaters and automation systems will help reduce your monthly bill as well. Oasis Pool & Spa Oasis Pool & Spa offers a wide variety of

pool

services

from

regular

weekly

maintenance to the latest energy-efficient pool equipment to keep your pool sparkling

or craig.stewart@vigoro.ky, visit www.vigoro. ky or www.facebook.com/VigoroCayman.

Bat Removal Services Bats are looked at with great compassion in Cayman, especially as they do an incredible job keeping the mosquito population down. The National Trust will install tall bat boxes in neighbourhoods for CI$750 per box, which gives bats a permanent and safe place to nest and discourages them from nesting in people’s attics. While bats are not dangerous and do not damage

DESIGN SERVICE SUPPLY

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property. 31 Orchard Lane, off Crewe Road,

Bee Removal Services Cayman has a thriving community of bees which ensure that our fruit trees continue to bear abundantly. However, sometimes these bees can overtake a corner of your garden and may need to be safely removed and relocated. Bee removal should always be done by a professional – please do not kill the bees! At the time of publication, the following private individuals offer bee removal services: Otto Watler (Tel: (345) 947 1255) who lives in Lower Valley and produces Pure Cayman Honey from his happy family of bees, has been removing unwanted bees from people’s homes and gardens for years; Kent Strad (Tel: (345) 324 1500) and Jamaal Solomon of Raegan’s Honey (Tel: (345) 926 4411) also offer removal. The cost usually varies depending on the complexity of the situation.

it must be removed. Be sure to remove it in the least intrusive way (hand raking) and be aware of wildlife, especially during turtle nesting season, May-November. Care must be taken not to destabilise the beach and cause erosion. Using machinery to remove sargassum is not advisable due to the environmental risks. If it is deemed necessary, the DoE must grant approval beforehand. It is essential that you use the same route on and off the beach when using machinery to prevent further destruction.


clean and ready to swim. Tel: (345) 945 7665, email:

sales@oasis.ky

or

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Pool Patrol Pool Patrol supplies and stocks pool and hot tub pumps, motors, accessories, chlorine generators, heat pumps, gas heaters, pool games, pool floats, outdoor showers, hot tubs and patio furniture. Services include weekly cleaning, water testing, pool design and construction, as well as renovations and repairs. Tel: (345) 949 8543, Email: pools@ poolpatrol.ky

or

visit

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SEE AD PAGE 189 & 245

SEWAGE & WASTEWATER TREATMENT

Road corridor and some of the connecting neighbourhoods are served by the Island’s only public sewerage system which is operated by the Water Authority - Cayman (WAC). The wastewater is collected in the West Bay Beach Sewerage System and treated at the WAC’s wastewater treatment plant. Residents located outside of the public sewerage system area have their wastewater treated in an on-site wastewater treatment system, typically located on the same property as where the residence is located. On-site systems are septic tanks or aerobic treatment plants, both of which discharge the treated effluent into an effluent disposal well. Septic tanks are typically used at older and smaller developments. Both treatment systems require maintenance. Solids accumulating in the treatment system reduce treatment

WASTE DISPOSAL

The Department of Environmental Health (DEH) (Tel:

(345) 949 6696) is responsible for all waste management and recycling in the Cayman Islands. Residential garbage is collected once per week on Grand Cayman, while commercial garbage is collected based on the needs of the individual business. There is no charge for residential garbage collection (once registered at DEH) but there is for condo and commercial garbage collection. Complexes with 10 or more dwelling places are viewed as commercial establishments. Place your garbage on the kerbside on the evening before your scheduled pick-up

DESIGN • CONSTRUCTION • SERVICE

day to avoid a missed collection as pickup commences as early as 3am. Garbage containers will not be collected if they are too heavy (more than 40 lbs); so make sure that your garbage container has a maximum capacity of 33 gallons. Avoid putting the following items into your garbage container: hot coals, grease/oils, sharp objects, garden waste, dead animals, liquids, household hazardous waste items and electronic appliances. Take these items to the George Town Landfill drop off area which is open 24/7. Hazardous material, including batteries and chemicals, must be disposed of properly. Household batteries can be taken to the grocery stores and chemicals and oil must be taken to the George Town Landfill drop off area. Electronic equipment and other household appliances can be recycled and Kevin Ropes will come and collect it directly. Call (345) 321 6126 or email kevinropes@yahoo.com. JUNK also collects recyclables from private residences and businesses for a fee. Tel: (345) 325 5865. The DEH provides free kerbside bulk waste (old furniture, appliances, etc.) pick up once per year. Never place bulk items out on the kerbside until the DEH has announced its annual bulk waste pick-up schedule. You may, however, hire DEH to pick up your bulk waste throughout the year at the cost of CI$75 per load. To get in touch with someone at the DEH Solid Waste Unit, call (345) 949 6696 (or (345) 948 2321 for customers on the Sister Islands). Lastly, littering by throwing things out of your car, and/or dumping (or ‘fly tipping’) is illegal under the Litter Act (1997 Revision) and if caught you will be fined CI$500 or given six months in prison. Please do not litter!

THE

R U N N I N G YO U R H O M E

12 Residents who live along the main West Bay

capacity over time and require periodic removal (pump-out) by licensed septic tank cleaners, which are listed on WAC’s website: www.waterauthority.ky. The required frequency of pump-out ranges from one to five years, depending on the size of the tank and usage. In addition to periodic pump-out, aerobic treatment systems require routine maintenance of mechanical equipment e.g. motors, blowers and pumps. The WAC maintains a register of certified service providers, which can be found at www.waterauthority.ky. Unlike the WAC’s wastewater treatment facility, the management of on-site wastewater treatment systems is the responsibility of the property owner, but can be outsourced to a service provider, and some oversight is provided by WAC. For more information, contact: developmentcontrol@ waterauthority.ky.

Tell them you saw it in the

945-7665 www.oasis.ky 190

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Disaster Preparedness

A

lthough the Cayman Islands are located in an area which can and does get affected by hurricanes, other natural disasters can occasionally affect us as well. This chapter provides a summary of hurricanes, earthquakes, tsunamis and waterspouts along with information on how to be prepared. Hazard Management Cayman Islands (HMCI) is responsible for dealing with both natural and man-made disasters, should they occur. They are responsible for the National Disaster Management Programme, which includes preparedness, response, mitigation and recovery. Their main aim is to protect Cayman’s residents and visitors by being prepared for every scenario of a disaster. This includes working with emergency responders to reduce the loss of life, suffering, and damage. Visit www.caymanprepared.gov.ky for more. In 2021, Cayman’s National Emergency Operations Centre, with support from the Cayman Islands Regiment, assisted those in need during and in the aftermath of Tropical Storm Grace (located 40 miles south-east of Grand Cayman with maximum sustained winds of 65mph). Hurricanes The NOAA Climate Prediction Center has forecasted that the trend of an above-average hurricane season in the Atlantic will continue for future years and according to a 2021 United Nations (UN) report, the number of super storms is expected to increase due to global warming. The UN states that “future storms are likely to come with higher average wind speeds and heavier rainfall”. While the Cayman Islands have been spared from devastating natural disasters in recent years, we must remain extremely vigilant.

Hurricanes 191 Earthquakes & Tsunamis 193 Waterspouts & Tornadoes 193 Emergency Alert System 193 Property Protection 195 Insurance 195 Medical Assistance

195

Children & the Elderly

195

Pets

195

Food & Water Supplies

195

Leaving the Island

195

Aftermath of a Disaster

195

Checklists & Important Info - Hurricane Supply Kit - Things To Do - Important Documents - Flags - Hurricane Scale

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Photos courtesy of Rebecca Davidson

An overview of how to be prepared for hurricanes, earthquakes, tsunamis, waterspouts and tornadoes. Information on what to do, supplies to purchase and what to expect so that you can be ready.

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Important Numbers Police/Fire/Hospital/Ambulance 911 National Emergency Operations Centre 949 6555 Hazard Management CI 945 4624 Emergency Hotline (during ‘Alert’) 946 3333 Red Cross 949 6785

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A hurricane is a large rotating system of wind and water, originating in the tropics with sustained surface winds of at least 74mph. It is the most common natural disaster that threatens the Islands. Hurricanes start out as a tropical disturbance when a mass of organised, oceanic thunderstorms persists. Once closed circulation occurs and winds reach 74mph, it becomes classified as a hurricane. Hurricanes are measured by the SaffirSimpson wind scale, but this scale is not a very good indicator of the likely impacts, so it is important to tune in to Radio Cayman and other official Government information sources when a hurricane is threatening. The hurricane category only measures wind speed; it does not consider things like the size of the hurricane wind field, the angle of approach or the forward speed. These elements can affect the height of the storm surge, which is the most significant threat to life and property. Both Grand Cayman and Little Cayman are generally very low lying (on average less than 7 feet above sea level) and a hurricane can cause the sea level to rise in some extreme (and rare) cases as high as 20 feet above the usual sea level. In addition to the surge, hurricanes are usually accompanied by very large waves, which are a different and separate threat from the surge. Waves are a very real threat for coastal residents on open coastlines, as opposed to canals. A wave can be a maximum of 1.5 times the depth of the water offshore. If you live near an area with a water depth of approximately 20ft, and there is a

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10ft storm surge, then a 45ft wave could potentially come ashore. A wave this size would easily reach the second floor of a coastal building. Most properties located on the coast are vulnerable to impacts from the sea in a hurricane, but some people are not aware that the surge risk also exists for residents living well inland, especially those living in single-storey dwellings in low-lying areas. For example, if a very large and powerful hurricane threatens, and your ground floor is 10ft above sea level, it is possible for the storm surge to fill the house with water up to the ceiling and, in some cases, leave you trapped. If Cayman does get a significant hit by a hurricane, plan to be without power and water for seven days minimum. After Hurricane Ivan, it took 2-3 months for most residents to get their electricity back and about a month for water. Keep in mind that there were also no banks, supermarkets or gas stations open for at least a week, so it is important to have an emergency supply of canned food and water that will last up to at least one week. You are advised to store a gallon of water per day for each person in your house, and to keep it cool by storing it in a dark location. Have a portable radio with extra batteries on hand because radios are an important medium for sourcing information in the aftermath of a storm. Internet, television and cell phone systems may go down for hours, days or weeks. Preparation is key — be sure to install hurricane shutters or get plywood sheets to cover openings before the hurricane season so you can protect your property when you

need to. Once the wind breaches the home, it is much easier for the roof to be lifted off. It’s too late to think about saving your personal items, important documents, filling the car up with gas or buying supply kits and non-perishable supplies when a hurricane is imminent. Also, withdraw enough cash to last for a few weeks, as after a storm, ATM machines may not work, banks might ration cash withdrawals and personal cheques will not be accepted. Prepare an evacuation ‘to-go bag’ containing important documents (inside a watertight ziplock bag) and enough clothes, water, food, snacks and medication for each member of your family for at least five days. Please refer to the checklists in this chapter. Decide ahead of time where you will stay during a hurricane. If your home is high enough and durable enough to withstand the winds, storm surge and waves, then it is probably the best place to stay. Ask your neighbours about the vulnerability of your neighbourhood in the case of flooding and wave threats, or reach out to Lands and Survey (www.caymanlandinfo.ky) to get a topographical map of your specific area. This costs roughly CI$45. If you decide that it is safe to stay in your home, find the most secure areas in your house to shelter and potential escape routes. If your home is not secure, then evacuate! Low-lying areas will flood, so take shelter on higher ground at your workplace or a friend’s house. Hurricane shelters are also an option. A complete list of shelter locations can be found on www.caymanprepared. ky or www.caymanresident.com. Bear in mind, there is at least one Emergency Medical Centre (EMC) shelter located in every district and there are doctors and nurses at these shelters. Remember ambulances will not be running during a hurricane, so if you have a health issue that may require medical attention it is best to go to an EMC shelter. Shelters can also become quite crowded and they ask that you bring enough supplies (food and water) for your family. Most shelters do not allow pets, but there are two pet shelters


(John Gray High School and Clifton Hunter High School) that accept dogs and cats. Crates and muzzles are required.

Waterspouts & Tornadoes Waterspouts are a rotating column of water formed by a whirlwind occurring over the sea. They sometimes form along the dark, flat base of cumulus clouds, and may sometimes be seen in the coastal waters around the Cayman Islands. They are typically not harmful as they travel slowly and the wind speeds associated with the waterspouts are usually less than 69 miles an hour. They are only active for about 20 minutes. Typically, these waterspouts dissipate quickly when they make landfall. Emergency Alert System When a major threat is declared, a release is issued to all media houses to advise the public and the notification is also posted on the HMCI website and social media accounts. A National Emergency Notification System (NENS) is in development and the first phase has now been established, which allows NENS to interrupt all FM radio channels. The second phase was expected to come online at the end of December 2021, including

Hurricane Supply Kit Things to purchase, set up, prepare and do in advance of the hurricane season

❑ Plywood and screw nails for windows/

❑ Clothing - rain gear, life vests, sturdy

doors (if necessary)

❑ ‘C’ type fire extinguisher for electrical fires ❑ Oil and petrol for generator (optional) ❑ Portable gas cooker and refills ❑ Charcoal and lighter fluid ❑ Flashlight, candles, lantern and oil ❑ Matches/lighter in watertight bag ❑ Battery operated radio, fan and extra batteries

❑ First aid kit, sunscreen and hygiene

shoes, galoshes/boots and a whistle

❑ Tarpaulin for roof ❑ Surgical and yard gloves (for clean up) ❑ Paper towel, toilet paper and napkins ❑ Disposable plates, plastic glasses, plastic cutlery and several plastic bags

❑ Aluminium foil, plastic freezer bags ❑ Can opener/knife (e.g. Swiss army) ❑ Clorox wipes (for cleaning cutlery) ❑ Chlorine bleach (sterilising water) and

supplies

❑ Medication - make sure your prescription is full and you have an adequate supply at all times during hurricane season

❑ Mosquito coils, citronella candles and/or spray

❑ Rope/strong twine, duct/packing tape ❑ Shut off wrench and pliers ❑ Plastic sheeting to cover furniture

Dettol (disinfecting hands and feet)

❑ Hand sanitiser (such as Germ X) and baby wipes (for personal hygiene)

❑ Ice chest and ice ❑ Broom, mop, bucket and rubbish bags ❑ Pet food and litter box ❑ Baby supplies: nappies, wipes, food ❑ Books, magazines and games

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Earthquakes & Tsunamis Grand Cayman lies close to the boundary zone of the Caribbean and North American tectonic plates, which are seismically active. The strongest recorded earthquake in the Cayman Islands occurred in January 2020 and measured 7.7 magnitude. Its epicentre was 67 miles from Cayman Brac and 154 miles from Grand Cayman. Although there were reports of multiple sinkholes and some reports of 1-2ft waves, no major structural damage occurred. Over 20 aftershocks were felt with the strongest tremor measuring 6.1. In the case of an earthquake, duck, cover and hold: get under a solid piece of furniture or reinforced doorway. Be sure to cover your head to protect yourself from falling objects. If you are in a strong, elevated building, away from the coast, stay inside, unless there are clear signs of structural damage. If outdoors, move to an open space away from objects that are likely to fall, such as glass, electrical cables, trees and light poles, and crouch down and cover your head until the shaking stops. If you are in a vehicle, pull over to the side of the road in an open area. After the shaking stops, proceed carefully, being aware of the potential for splits in the road and sinkholes Tsunamis are most often triggered by underwater earthquakes, with waves spreading outwards rapidly from the site. Out at sea (in deep water), these waves typically measure only a few inches in height and may travel at speeds of 400mph, but when the tsunami reaches shallow water, the wave slows and its height increases. Although tsunamis triggered by earthquakes can occur in Cayman, the probability is believed to be very low. Cayman’s underwater landscape, with steep drop offs close to shore and very little continental shelf, may well reduce the risk of dangerous tsunamis. However, there is a significant area of shallow water in the

North Sound that could allow for wave run up. After the earthquake in January 2020, a tsunami warning was briefly issued and residents were advised to stay away from the coast. However, within an hour, HMCI announced the tsunami ‘All Clear’. If a very long and strong earthquake is felt, there may be very little warning time if a tsunami threatens, so residents should not wait for an official warning and take action immediately. If you feel a very strong earthquake, you should head inland and get to an elevated area. For those living close to the sea, ensure you are familiar with the nearest multi-storey building or location of nearby higher ground. If you are at the coast and notice the water receding, move away immediately and, if possible, towards high ground. Waves may strike at intervals anywhere between 15 minutes to an hour. Cayman has not experienced a destructive tsunami in its entire recorded history, so the likelihood of one occurring is very low, and strong destructive earthquake events are also incredibly infrequent.


Things to Do

❑ Design a family plan for which shelter and route is the best to suit your needs move them to higher ground

❑ Withdraw cash from bank. ATMs won’t work without power

❑ Bring in everything from outside, i.e. bird feeder, hose, barbecue, chairs, potted plants

❑ Secure boat and remove all equipment, i.e. battery, CD player, life jackets, etc.

❑ Freeze water ❑ Charge cell phones and have a cell phone charger that plugs into your car’s USB port or car lighter.

windows and doors and elevate off floor level

❑ Put silicone or foam around outside doors and also fill sandbags sufficient to protect against flood water damage on ground floors

❑ Pick up rugs from the floor, and remove drapes from windows and store in plastic bags

❑ Buy buckets and sheets of plastic to protect furniture and wood floors from ceiling leaks

❑ Pack irreplaceable and precious items into large plastic bags or Rubbermaid containers/ tubs and seal them with tape

❑ Do laundry; it may be a long time before you can do it again, then fill the machine with water

❑ Clean tubs/baths and fill them with water

HURRICANE ALERT Hurricane threat more than 36 hours away.

❑ Consider blocking toilets with old towels, so they do not back up

❑ Wedge sliding doors to prevent them lifting from tracks and reinforce garage door

❑ Make arrangements for the safety of your pets ❑ Move furniture and belongings away from

D I SA S T E R P R E PA R E D N E S S

❑ Turn freezer and fridge to the coldest setting. If power goes out, food and ice will last longer

❑ Fill cars with gasoline/charge if electric and

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Flags

(2–3 days before the disaster)

❑ Keep swimming pool full, to around 12 inches from the top

H U R R I C A N E WAT C H Hurricane threat 24 to 36 hours away.

❑ Turn off propane tanks ❑ Secure TV antennae ❑ Check supply of emergency food ❑ Close cistern openings and disconnect downspouts

❑ Have empty gallon bottles to fill with water for bathing and flushing purposes

H U R R I C A N E WA R N I N G Hurricane conditions expected within 24 hours.

❑ Make sure you have old towels, shirts, etc. to line doors and windows for water

❑ Have raincoats/ponchos handy as it might rain for several days after the hurricane ALL CLEAR The storm has passed, use caution.

❑ Make sure you have the phone numbers of family and friends and that they have yours

Hurricane Scale

Important Documents & Records

Store in a portable, watertight container, scan or back up to an external hard drive

The Saffir-Simpson Hurricane Scale is a 1-5 rating based on the hurricane’s present intensity.

❑ Passports, birth certificates, driver’s

This is used to give an estimate of the potential property damage and flooding expected along

licences and pets’ documents

the coast from a hurricane landfall. Wind speed is the determining factor in the scale, as storm surge values are highly dependent on the slope of the continental shelf and the shape of the

❑ Photographs of home contents and

coastline in the landfall region. These speeds are one minute averages and not maximum gusts!

vehicles for insurance purposes

Wind Speeds

❑ Digital back up of photos and a video

(mph)

(kmph) (km/hr)

(feet) (feet)

CATEGORY 1

74-95

119-153

4-5

CATEGORY 2

96-110

154-177

6-8

CATEGORY 3

111-129

178-208

9-12

CATEGORY 4

130-156

209-251

13-18

CATEGORY 5

>157

>252

>18

of your property and valuable items

❑ Inventory of household (itemised) ❑ Bank accounts and credit card information

❑ Insurance policies, wills, contracts and deeds of your home

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Storm Surge


an app that residents can sign up for to receive emergency alerts for significantthreat events. The third phase includes a wider range of solutions, including the establishment of a cell broadcast system that will permit alert messages to be sent directly to mobile phones. The NENS will eventually include a broad range of alert mechanisms, however it is encouraged to plan ahead. For advice and up-to-date information of threats and warnings, follow the HMCI Facebook page (Caymanhazard) or Twitter Account (@CINEOC).

Leaving the Island Have a plan and funds in place in the event that you decide to leave the Island before a disaster. Pay close attention to flight availability – some airlines increase the number of flights during evacuation periods, but flights still fill up quickly. Island Air (Tel: (345) 949 5252) can provide evacuation services. If you require assistance with passports or travel documents, talk to your local Honorary Consul in advance.

Medical Assistance Every district has a shelter that is specifically designated as an Emergency Medical Centre (EMC). If you have an existing medical condition, this may be the best place to seek shelter because there are medical personnel on hand. During high winds or flooding, however, ambulances will not respond until it is safe, which could potentially be more than 24 hours later. Make sure that your health insurance is up-to-date, so that you are covered in the case of a medical emergency.

Aftermath of a Disaster Stay safe in the aftermath of a storm by following these helpful tips: > Always assume that powerlines are live and never touch low hanging lines. > Only turn on your main breaker once you are sure that every secondary breaker is switched off. > Open windows and doors to ventilate your house and dry flooded or damp areas to mitigate damage from mould. > Boil any water before consuming. > Make sure you do not turn your water back on until advised that water services have been restored in your area. Once you turn on the water, inspect your home for damaged pipes. > Be especially careful of pests, such as scorpions, which disperse during storms. > Always check for gas leakages before striking a match. > Don’t use the telephone unless it is an emergency to save battery life and keep lines open. > Avoid walking in settled water as there may be bacteria in it.

Children & the Elderly Young children and the elderly are vulnerable during a storm and, without support, can suffer great emotional distress. If you have an elderly friend or relative, consider offering your home as a safehaven. If they are in a nursing home, be sure to confirm their emergency plans. If accompanied by an elderly person, keep in mind that they may take daily medication. Pets There are only two pet-friendly shelters on-Island. John Gray can accommodate 30 dogs or 60 cats and Clifton Hunter can accommodate 15 dogs or 25 cats. Space is allocated on a first-come, first-serve basis. Refer to our Pets chapter for details.

Useful Websites Cayman National Hurricane Committee www.caymanprepared.gov.ky Cayman Islands Government www.gov.ky US National Hurricane Center www.nhc.noaa.gov

Food & Water Supplies You should purchase 5-7 days supply of non-perishable items before hurricane season starts. Visit www.caymanresident. com for a list of essential items.

Caribbean Hurricane Network www.stormcarib.com Weather Underground www.wunderground.com

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Property Protection It is prudent to begin assessing your home before hurricane season starts by ensuring that trees are gently pruned, especially if they are close to power lines, water pipes and near the roof of your house. Never attempt to cut branches close to power lines yourself; call CUC (Tel: (345) 949 5200) and they will send a team to evaluate your property and trim any potential hazards. Additionally, ask your gardener or strata maintenance to remove coconuts as they can become dangerous missiles in high winds, and can put both you and your home at risk. Install hurricane shutters on windows and glass doors to protect your home or business. Options vary considerably, including maximum security screens (Crimsafe), impact windows and doors, hurricane shutters (accordion, panel, roller, colonial, Bahama) or electric roller doors/windows. If you already have shutters installed, check that they can still open and are not damaged. Cayman’s building code regulations ensure that modern buildings are strong enough to withstand a certain degree of quaking, so the main hazards are unsecured appliances, objects and structures that could fall and cause injury, downed power lines and damaged water and sewerage systems. As a preventative measure, HMCI recommends bolting down appliances and bookshelves and placing heavy objects on lower shelves.

Insurance Examine the insurance on your home and/ or business to ensure that the full value of the building(s) and contents are protected. Document the contents and take photographs of furnishing and valuables in advance. Keep these on a digital memory stick or backup drive. If you sustain damage, these photographs will support your insurance claim. See the Settling In chapter for a list of providers.


Shopping Photos courtesy of Rebecca Davidson and Kirk Freeport

An overview of shopping in Cayman. Here you will find information on where to buy clothing, beauty products, home decor, sports equipment and much more.

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On-Island Shopping 197 - Antiques & Art Galleries 197 - Art Supplies 198 - Beauty Products 198 - Bicycles 200 - Books & Stationery 200 - Building Supplies 201 - Buying in Bulk 201 - Cameras & Photographic Equipment 201 - Clothing (Adults & Children) 201 - Computers & IT Services 203 - Dive Equipment 204 - Electronic Equipment 204 - Fireworks 204 - Furniture Stores 204 - Hardware 206 - Homewares, Accessories & Lighting 206 - Hurricane Supplies 208 - Jewellery, Watches & Repairs 208 - Maternity Clothing 208 - Musical Instruments 208 - Party Supplies & Rentals 209 - Plants, Flowers & Garden Centres 209 - School Uniforms 209 - Shoes 210 - Sports Clothing & Equipment 210 - Sunglasses 210 - Thrift Shops 210 - Toys 211 - Underwear 211 Online Shopping 211

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G

rand Cayman offers a wide range of goods and services from high-end items, to surprising bargains and everything in between. It is quickly becoming one of the Caribbean’s shopping meccas, and not just for the duty-free items. Artwork, books, toys, cameras, jewellery, household accessories and furniture, are just the beginning of what our shops have to offer. For high-end clothing or accessories, fashion lovers no longer have to travel abroad as there are stores offering a wide selection of upscale items, especially in the swim and resort wear ranges. Fashionistas who prefer a bargain should not be disheartened, as recently more shops have opened that offer great choices at relatively low prices. Seasonal sales, such as Black Friday and Camana Bay’s Sidewalk Sales also happen on-Island, so make sure to keep an eye out! There are a number of shopping centres in Grand Cayman, each offering an extensive variety of options to choose from. In the central George Town area, many of the stores are aimed at tourists, specifically those coming off the cruise ships. Shops and shopping centres in this area, such as Bayshore Mall and Island Plaza, sell jewellery, artwork, souvenirs and beauty products. Along the Seven Mile Beach strip, you will mainly find clothing stores, especially those selling swim and resort wear, salons, and a few stores selling books and stationery. The majority of the furniture stores are located within or near the Industrial Park, and the major homeware stores are located in the vicinity of Eastern Avenue. Camana Bay is full of shops, from clothing and books to kitchen supplies. In Savannah, the Countryside Shopping Centre houses a Foster’s supermarket, an A. L. Thompson’s hardware


store, and other shops. New shopping plaza developments include The Grove, located on West Bay Road, and Harbour Walk – both of which will feature a variety of retail stores, restaurants and cafés.

The Cayman Islands National Museum is located

Guy Harvey Gallery and Shoppe sells original

in the heart of George Town and celebrates the

paintings, giclées and limited edition paper,

unique natural and cultural heritage of Cayman.

canvas and aluminium art by Guy Harvey. 49

The Museum Shop offers a wide selection of

South Church Street, George Town. Tel: (345)

locally made products and souvenirs, and is the

943 4891 or visit www.guyharvey.com.

official distributors of the Cayman Island flag.

Antiques & Collectables

Open Monday-Friday 9am-5pm and Saturday

National Gallery of the Cayman Islands (NGCI)

Artifacts Ltd. is a treasure trove of antique

10am-2pm. Tel: (345) 949 8368. SE E AD PAG E 420

is located on the Esterley Tibbetts Highway

maps, prints, silver, coins, jewellery, shipwreck

and is the permanent home of the national

treasures and china, as well as unique modern

Cayman Nature Store aims to provide eco-

art collection. They host a wide variety of

handmade glass and ceramics. Cayside Galleries,

friendly products that help in preserving the

exhibitions throughout the year, and their

Seafarers Way. Tel: (345) 949 2442 or (345) 916

Islands’ environment. They have a selection of

facility includes an art studio, an on-site café

8435 or visit www.artifacts.com.ky.

apparel, plastic-free items and art from local

and gallery shop with locally made gift items

artisans. Located in Dart Park, South Sound.

and prints of works from the national collection.

Open Monday-Friday 9am-5pm. Select items

The National Gallery is open Monday-Saturday

from the National Trust are available on their

10am-5pm. Entry is free. Tel: (345) 945 8111.

Art Galleries & Locally Made Items Art galleries in Cayman showcase the high quality works of local artists and crafts people. Featured work includes original paintings, Caymanite jewellery, handwoven thatch products, Cayman sea salt, soap products, artisanal jams, hot sauces and sculptures.

Facebook page store. Tel: (345) 749 1121 or visit www.nationaltrust.org.ky.

Pure Art features Cayman’s best-known and beloved painters, sculptors, artisans and

Goodness offers a selection of handmade and

craftspeople with original paintings, art prints

sustainable gifts and essentials, from both

and handcrafted gifts in their Caymanian-

exclusive local and international small business

style cottage on South Church Street. Open Monday-Saturday 9am-5pm. Tel: (345) 949

5pm. Located at 31 Shedden Road. Tel: (345)

9133 or visit www.pureart.ky. Facebook: Pure

local artists can paint, create, and make art.

917 4444 or visit www.goodnessky.com.

Art Gallery & Gifts.

SHOPPING

creatives. Open Monday to Saturday 10amArt Nest is a welcoming creative studio where Located at Elizabethan Square, 80 Shedden Road. Visit www.artnestcayman.com. Awardart Gallery sells contemporary 2D

(345)949-7415

and 3D artwork at regular pop up art shows. Email: art@avrilward.com or visit www.

WWW.CATHYCHURCH.COM CATHY@CATHYCHURCH.COM

avrilward.com/awardart-gallery. Cathy

Church’s

award-winning,

signature

collection, available at affordable prices, is worth the trip to Cathy Church’s Underwater Photo Centre Gallery on South Church Street at Sunset House Hotel. Tel: (345) 949 7415 or www. cathychurch. com.

SE E AD T H I S PAG E, 391 & 453

Cayman Craft Market is located on the corner of

CAYMAN’S LARGEST FRAMING AND PRINTING SHOP • Professional custom framing, lots of styles in stock • 100s of ready-made frames up to poster size • Archival canvas, 5 fine art papers, water colour to metallic

AT SUNSET HOUSE HOTEL

South Church Street 1 mile south of George Town

• • • •

Accurate colour management Perfect mat cutting for any design Quick turn-around Superb digital restoration and copying • Excellent quality control

SELF-SERVICE HIGH-SPEED PRINTING KIOSKS

Boilers Road and South Church Street in George Town. The market brings together visitors and local artisans who create unique Caymanian art, jewellery, craft souvenirs and recycled treasures made from unique materials as well as locally made sauces, jams and jellies. Find items made from leather, thatch, wood, shells,

ENJOY FREE EXPERT HELP DESIGNING YOUR PROJECT

Caymanite, and Black Coral, and experience local artisans making crafts from local materials. Open Monday-Friday 8.30am-3pm.

www.cathychurch.com

Cayman Islands (345)949-7415

lin@cathychurch.com

US Direct

(607)330-3504

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Sandon Feat Gallery features paintings by local

3 Girls & A Kiln is an art collective focusing on

Da Vinci Centre for Wellness & Alternative

artist, CEWhitney, as well as a unique variety of

fun design and local, Island-inspired ceramics

Therapies

local handicrafts - all in the friendly atmosphere

and upcycled art. They offer a wide selection of

Sells Chrysalis anti-ageing skincare products.

of a real Cayman cottage. Located at 109 North

monthly art classes for all ages. Market Street,

Located at Park Place Plaza on West Bay

Church Street (next to Da Fish Shack), George

Camana Bay. They are open Monday-Saturday

Road. Tel: (345) 943 2002, email: info@

Town.

10am-6pm. Check out their Facebook, Etsy

davinciwellnesscentre.com or visit www.

page or visit www.3girlsandakiln.com.

davinciwellnesscentre.com.

SE E AD PAG E 417

SE E AD PAG E S 327, 329 & 332

destination for all of your local and Cuban Fine

Art Supplies

Eclipze Hair Design & Day Spa

Art, large format digital printing, scanning and

Book Nook

Sells Goldwell, TIGI – Catwalk, Bed Head, B for

quality custom framing needs. Supporting the

Home to an array of toys, books and arts

Men, TIGI Cosmetics, Peter Thomas Roth, June

most popular Caymanian and Cuban Artists;

and crafts materials, particularly suitable for

Jacobs Spa Collection, Aromafloria-Smelling

they carry and display the largest selection

children. Galleria Plaza, West Bay Road. Tel:

beads and Muscle Soak, Gehwol, OPI, Bella, Niko

in Cayman and have the finest options of

(345) 945 4686.

Hair Care and Mineral Makeup, Wet brushes,

Open

Tuesday-Saturday,

9.30am-

4.30pm. Tel: (345) 949 7263. Kennedy Gallery is Cayman’s best known

materials for both printing and framing. West

SHOPPING

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Olivia Garden brushes and more. Camana Bay.

Shore Centre, West Bay Road. Tel: (345) 949

Kirk Office

Tel: (345) 945 1188 or (345) 916 7274 or email:

8077 or email: kgallery@candw.ky or www.

Carries an extensive selection of acrylic,

eclipze@eclipze.ky.

kennedygallerycayman.com.

watercolour and oil paints, as well as washable

SE E AD T H I S PAG E

children’s paints. Their range of art supplies

Focus Hair & Beauty

includes a variety of brushes, canvases,

Sells Guinot, Redken and L’Oréal. Marquee

The Wreck View Art Gallery carries local

drawing pencils, felt swatches, glue and glitter.

Plaza, Lawrence Boulevard. Tel: (345) 943

crafts, paintings, sculptures and inexpensive

67 North Sound Road, George Town. Tel: (345)

6287.

jewellery. Located in East End, opposite Tukka

623 5475. www.kirkoffice.ky. SE E AD PAG E 78

Restaurant. Tel: (345) 928 6662.

Hibiscus Spa at The Westin Resort & Spa Office Supply

Offers Hibiscus Spa gift certificates, wellness

Offers a large selection of arts and crafts,

gifts, bath and body products, Kerstin Florian,

school and office supplies. Marquee Plaza, 36

Intraceuticals HydraFacial and Pure Fiji skin

Lawrence Blvd. Tel: (345) 946 1200 or email:

care products. Tel: (345) 914 2009 or (345) 914

info@officesupply.ky.

2010, email: hibiscusspa@westin-cayman. com or visit www.westingrandcayman.com.

Beauty Products There is a vast selection of well-known beauty products that can be purchased onIsland, and most salons will sell the brands they use in store.

La Parfumerie Shop for the latest products in makeup, skin care, fragrance, men’s products and more in dedicated Kirk Freeport stores and boutiques. Stocking over 450 different products from

Beyond Basics Medical Day Spa

the world’s top brands such as Bare Minerals,

They sell Obagi, Image Skincare, Gold Cosmetics,

Benefit, Chanel, Christian Dior, Clarins,

SkinMedica, Poo Pourri and Revivogen. Located

Guerlain, Lancôme, L’Oréal Paris, La Prairie,

on the 3rd Floor of the Tomlinson Building,

Sisley Paris, Shiseido, Black Up, L’Occitane,

George Town. Tel: (345) 945 2737 or email:

Creed, Yves Saint Laurent and more! For a full

info@beyondbasics.ky.

list of locations in George Town and Seven Mile Beach, visit www.kirkfreeport.com or

Body Works

call (345) 949 7477.

They sell Eminence Organics, Aura Cacia,

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Kneipp, Deep Steep, Gaiam Yoga and Fitness

Le Visage

Products, Gehwol Foot Products, and OPI. Also,

Sells Elemis, Cane + Austin, Androit Beauty,

Soi candles, books, aromatherapy diffusers and

FaceTory, Sara Happ and much more. The

much more. Queen’s Court Plaza, West Bay

Paseo, Camana Bay. Tel: (345) 946 2332 or

Road. Tel: (345) 945 6485.

email: sharron@levisageboutique.com.


FOR ALL YOUR

Beauty Essentia

VISIT PENHA DUTY FREE, VICTORIA'S SECRET AND MAC COSMETICS Penha offers a luxurious shopping experience for those who enjoy the finest products in cosmetics, skin care and fragrances.

VICTORIA’S SECRET

Shop for top international and exclusive brands such as Chanel, Dior, Estée Lauder and Lancôme. Our experienced Beauty Advisors will be happy to assist. Explore your creativity with make-up at MAC Cosmetics and visit Victoria's Secret for every woman's ultimate must-haves.

MAC COSMETICS #40 Royal Plaza, Unit A - C Cardinal Ave George Town, Grand Cayman (+1345) 949 6513

Opening hours: Monday – Saturday 09:00 - 18:00

SHOP ONLINE IN THE COMFORT OF YOUR HOME AT

WWW.PENHADUTYFREE.COM


MAC Cosmetics

lipsticks and other products. Also offers

Sells MAC cosmetics beauty products and

complimentary makeup consultations. Tel:

skin care. 40 Royal Plaza, Cardinall Avenue,

(345) 926 5075 or email: luxurycoutureky@

George Town. Tel: (345) 949 6513 ext. 5202.

gmail.com. SE E AD PAG E 389

Madison One Salon

Spa Esprit Hair Design & Day Spa

Avenue in George Town. Cayman Mobile Bike Repairs (Tel: (345) 525 2020 or (345) 936 8385, email: info@caymanbikerepairs. com) is also an authorised dealer for Felt and Bianchi.

Truss

Sells Olaplex, KMS, Goldwell, OPI and more. The

Books & Stationery

Professional. Park Place, 25 Earth Close, SMB

Strand Shopping Centre, West Bay Road. Tel:

Atlantic Kids

(off West Bay Road). Tel: (345) 325 0371.

(345) 945 4334.

More than just a clothing and toy store, ‘AK’

Sells

Living

Proof,

Olaplex

and

offers a unique selection of books for children,

SHOPPING

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Paige & Co.

Styles Hair Salon & Spa

as well as other educational items to help

Sells a full range of TIGI Bed Head products.

Sells Matrix, Biolage, Biosilk, Brazillian Blowout,

children learn to read, count and improve their

Pasadora Place, Smith Road, George Town. Tel:

Chi, Lanza, Tec Italy, Paul Mitchell, Redken,

analytical skills. ‘AK’ also carries an assortment

(345) 949 6912.

Sebastian, Sexy, TIGI Bed Head products for

of back to school items including Jansport

men and women. West Shore Centre (Pink

backpacks. They are open Monday-Saturday

Penha Perfume & Cosmetics

Plaza), West Bay Road. Tel: (345) 949 8809.

from

Selling major cosmetics and skin care such

Facebook: Styles Beauty Salon and Spa.

Godfrey Nixon Way. Tel: (345) 949 2296 or visit

as Estée Lauder, Clinique, Kiehl’s, Biotherm,

SE E AD PAG E 213

www.atlanticak.com. SE E AD OP P OSI T E PAG E

Chanel, Dior, Hermès and all other major

Uniko Eco Salon

The Book Loft

fragrances. 40 Royal Plaza, Cardinall Avenue,

Uniko Eco Salon by Davines is the only eco-

The

George Town. Tel: (345) 949 6513 ext. 5102.

friendly salon in Cayman. They sell a variety

charity book shop, The Book Loft, is run by

SE E AD PAG E 199

of environmentally friendly elements and

volunteers and sells used and new adult and

products. They also have a programme allowing

kids’ books. The store only sells books in good

Tips ‘N’ Toes

clients to save money and reduce waste by

condition. They also sell DVDs (CI$2 each),

Sells Dermalogica, Gelish, OPI, Young Nails,

refilling their old containers. Harbour Centre,

gifts, stationery, greeting cards and paper, as

and Versa Pro Spray Tanning. Bayshore Mall,

5 West Bay Road. Tel: (345) 769 5400. www.

well as both adult and kids games, computer

George Town. Tel: (345) 943 8637.

unikosalon.com.

games and puzzles. The Loft is open Monday

Rock Gorgeous Hair Salon

Vanity Salon

and Saturday 9.30am-4.30pm. All money

Sells GHD (flat iron and blow-dryers), Oribe,

Sells a full range of Aveda products. Midtown

raised is for the animals. Tel: (345) 946 8053

Unite, Olaplex, Smith & Cult Nail Polish, tape-

Plaza, George Town. Tel: (345) 949 7929.

or email: info@caymanislandshumanesociety.

9.30am-6.30pm.

Paddington

Place,

Lancôme, Bath and Body Works, Tom Ford, Cayman

Islands

Humane

Society’s

12.30pm-4pm, Tuesday-Friday 9.30am-4pm

in extensions, Zuriel hair taming system, Hair Jewellery, and more. Tel: (345) 925 4231.

com. WOW Spa Sells Jane Iredale skincare makeup, Repechage

Book Nook

La Prairie Spa, The Ritz-Carlton

skincare products as well as CIRCADIA

They have a very good selection of adult,

Sells products inspired by the beauty of Swiss

products. Smith Road Plaza, 60 Smith Road,

teen and children’s books, travel guides,

landscapes. Indulge in elevated skincare by

Suites 5&6. Tel: (345) 945 6969 or email: info@

cookbooks, notecards, candles and more.

La Prairie with over 90 years of Swiss cellular

wowspa.ky.

Open Monday-Saturday 10am-6pm. Located

science. They stock products from the Skin Caviar collection to Platinum Rare, featuring creations that embody the essence of the luxury brand. Luxury Couture Beauty An online beauty retailer run by experienced makeup artist, Kadian. Stocks vegan, paraben free, fragrance free and cruelty free products from Dose of Colors, Laura Mercier, LORAC Cosmetics and more. Choose from a wide range of foundations, powders, eyeshadows, 200

CAYMANRESIDENT 2022

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in Galleria Plaza, West Bay Road. Tel: (345) 945

Bicycles There is a wealth of bicycles and bicycle accessories available for both adults and children on-Island. The main supplier is Uncle Bill’s Home Improvement (Tel: (345) 949 7601). They also sell a wide variety of bike-related products including, accessories, lights and repair kits. Kirk Home Centre (Tel: (345) 949 2521) also sells a good selection of Huffy bicycles. Both can be found on Eastern

4686. Next Chapter Next Chapter (formerly Books & Books) is the Island’s leading retailer of books, toys and gifts for all ages. The shop also holds frequent events including author signings and readings, kids’ story and craft time. A free gift-wrapping service is also available. They are open Monday-Saturday from 10am-6pm and on Sundays from 10am-4pm (hours are extended


to 9pm in December). The Paseo, Camana Bay.

photo printing service and provide an amazing

Tel: (345) 640 2665. www.nextchapter.ky.

framing service with the largest on-Island framing studio. Located at Sunset House

The Christian Enlightenment Centre

Hotel, South Church Street, GT. Tel: (345) 949

They carry Christian books, Bibles, Devotionals,

7415. www.cathychurch.com.

home décor gift items, greeting cards, journals

SE E AD PAG E S 197, 391 & 453

WWW.ATLANTICAK.COM

and more. Open Monday-Saturday 9am-6pm. Located on 185 Elgin Avenue, George Town. Tel: (345) 945 1252.

Building Supplies There are a handful of replete building supply companies in Cayman. The major building suppliers are A. L. Thompson’s, Cox Lumber and Kirk Home Centre. For indepth information, please see the Building a Home chapter.

New Stock

Atlantic Kids

14

EVERY WEEK GET 20% OFF

Specialises in children’s clothing, accessories and toys from infants to teens. It is Cayman’s

Scan Me

authorised retailer for Carter’s, OshKosh, 949 2296

Skechers and Stride Rite, alongside many

PADDINGTON PLACE

other top children’s brands such as Guess,

MONDAY- SATURDAY 9:30- 6:30

Habitual, XRay Jeans & BYER. ‘AK’ also sells

SHOPPING

Buying In Bulk If you are looking to buy bulk items like nappies, cleaning supplies, toilet paper, non-perishable food and soft drinks, Cayman has a good selection of wholesale stores. Priced Right and Cost-U-Less both sell an array of different household items.

Children’s Clothing The beauty of buying kid’s clothes locally is that the stock suits the climate! You will be pleased with the selection, variety and prices available in Cayman. Some adult stores, such as Funky Monkey, also stock a good selection of kids clothing. The boutiques at The Ritz-Carlton and The Westin, as well as Divers Supply and Divers World carry good options for kids.

backpacks for all ages including a wide Cost-U-Less

selection from Jansport. They are located at

Governors Square, 51 Lime Tree Bay Avenue.

Paddington Place, Godfrey Nixon Way. Tel:

Open Mon-Sat 8am-9pm. Tel: (345) 745 5377.

(345) 949 2296 or visit www.atlanticak.com. SE E AD T H I S PAG E

WWW.ATLANTICAK.COM

Priced Right Two stores: both the Airport Centre and Republix

Bedside Manor

Plaza are open Mon-Sat 7am-9pm and closed on

This well-known store sells a variety of baby

Sundays. Tel: (345) 815 1070 or (345) 949 3214.

clothes for various ages including coveralls, footie and gown sets, sleeping bags and

Mise en Place

more. Also stocks accessories including bibs,

Offers a cash and carry service. Tel: (345) 623

swaddles, muslin burp cloths, socks and mittens,

2433. Visit www.catering.ky/wholesale/.

beanies and hats. Located on Market Street, Camana Bay. Tel: (345) 947 2711 or visit www.

Cameras & Photographic Equipment In some cases, cameras and camera equipment may be cheaper on-Island than in the US or Europe as they are duty-free.

bedsidemanor.ky. SE E AD PAG E 395 Kids Karma Closet @ATLANTICCAYMAN

Sells pre-loved children’s and maternity wear. A consignment store specialising in clothing

Cathy Church’s Photo Centre

from newborn to 16+, shoes, accessories, toys

Cathy Church’s sells a wide range of digital

and carriers. Buckingham Square, West Bay

cameras including Nikon, Olympus, GoPro,

Road. Tel: (345) 947 7330.

NEW ARRIVALS

Instax, Fujifilm, underwater systems and more. With the camera purchase, you also get 20

Little Angels

free 4x6” prints from the convenient self-

Sells a great selection of UV sun protection

service print kiosks. They also offer a custom

apparel and swimwear, trendy casual clothing

Scan Me

EVERY WEEK

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www. c a y m a n r e s i d e n t . c o m

201


and Cayman branded items for kids. Across

Carey’s Karma Closet

J. Michael

from the cinema, Camana Bay, Tel: (345) 946

A women’s designer consignment store that

Offers a large collection of clothing, shoes,

2645. Visit www.littleangelscayman.com.

sells designer clothing and accessories at

accessories, cosmetics and more for women,

40-70% off of the retail price. Expect to find

men and kids. Located at The Strand Shopping

Adult Clothing & Accessories

brands such as Louis Vuitton, BCBG, Gucci,

Centre, West Bay Road. Tel: (345) 946 5310 or

Activ Angels

Jimmy Choo and DVF. Buckingham Square, 720

visit www.jmichael.ky.

Grand Cayman’s largest selection of yoga,

West Bay Road. Tel: (345) 947 4945 or email:

active, performance wear, athleisure, sportluxe

info@careyskarmacloset.com. Open Tuesday-

NKY, NKY Collections & POLO by NKY

clothing for men and women. Market Street,

Saturday 11am-5pm.

Offers a large selection of top brands. Find

Camana Bay (opposite CrossFit Cayman). Tel: (345) 946 26453 or visit www.activangels.com.

14

luxurious men’s and women’s fashion and De Sunglass Man

accessories.

The leading sunglass store on Island with a

personal shopping services are also available.

Professional

tailoring

and

Allee Designer Fashion Boutique

broad range of duty-free sunglass brands

Visit www.caymanfashiongroup.com.

A women’s designer fashion and shoe boutique.

to suit every lifestyle, from Chanel, Bulgari,

Allee provides quality and elegant clothing

Prada and Gucci to Coach, Maui Jim, Oakley

Off The Peg

for all occasions at affordable prices. Galleria

and Ray-Ban. They also sell fashion watches

Women’s

boutique

offering

Plaza, West Bay Road off Seven Mile Beach. Tel:

and accessories. Located at Jasmine Court, The

affordable

clothing

(sizes

(345) 946 6464 or visit www.facebook.com/

Paseo, Camana Bay. Tel: (345) 640 5339 or visit

fashion jewellery and handbags. Check out

alleedesignerboutique.

www.desunglassmancayman.com.

their location on Facebook and Instagram @

stylish

2-22),

and

unique

SHOPPING

offthepegcayman, or shop online at www. Atlantic

Fifth on Seven

Offers a variety of well-known brands at

Features designer resort wear, swim and

affordable prices. In the men’s department you

beachwear

will find designers such as Original Penguin, Ben

Caribbean Plaza, West Bay Road. Visit www.

The retail location of Red Sail Sports in Camana

Sherman as well as dress shirts and ties from

caymanfashiongroup.com.

Bay, Red’s Emporium sells affordable fashion

for

offthepegcayman.com. Tel: (345) 946 5050. both

men

and

women.

Michael Kors and Van Heusen. The women and

Red’s Emporium

for work and play as well as unique gifts and

junior departments carry Coco + Carmen, Ruby

Forever Summer

accessories for both men and women. The

Rd, Democracy, A.BYER, My Michelle, YMI Jeans

Offers a variety of stylish, fun, affordable

Crescent, Camana Bay. Tel: (345) 640 9849 or

and many more popular brands. They have

women’s fashion and accessories for teens and

visit www.redsailcayman.com.

an extensive collection of lingerie including

adults. The Paseo, Camana Bay. Tel: (345) 949

Maidenform and Bali. In the shoe department,

4142 or visit www.foreversummer.com.

you will find Madden Girl, Esprit and Rampage.

Riviera Riviera is a lifestyle boutique offering feminine

Atlantic is the authorised dealer of Skechers

Funky Monkey

and effortless resort wear. Brought to you by

for the whole family. Atlantic also has an

A hip apparel and fun wear boutique for sporty,

the team behind Sand Angels, Riviera offers

excellent selection of accessories and unique

yogy, beachy and party-inspired needs.

curated collections that include breathable,

gifts. Paddington Place, Godfrey Nixon Way. Tel:

They provide trendy fashion selections and

quick-drying apparel ideal for beach days and

(345) 949 2296 or visit www.atlanticak.com.

accessories for the whole family. Featuring

travel along with luxurious fabrics for those

SE E AD PAG E 201

brands such as Ocean Drive, Elan, River + Sky,

special occasions. The Paseo, Camana Bay. Tel:

Volcom, Johnnie-O, Banana Moon and more.

(345) 926 6435.

Bliss Living & Yoga

Governors Square, West Bay Road. Tel: (345)

Sells yoga books, mats and high quality athletic

943 8659 or www.funkymonkeycayman.com.

wear, including Lululemon Athletica. Marquee Plaza, Lawrence Blvd. Tel: (345) 949 9642.

Sand Angels Sells a great selection of world-class swimwear,

Guy Harvey Gallery & Shoppe

resort wear and accessories including bikini

They sell Guy Harvey merchandise including

separates, full-figure and bra-sized swimwear.

Blue Wave - Waterman Cayman

men’s, women’s and kids’ apparel. They also

The Paseo, Camana Bay. Tel: (345) 945 7263 or

A lifestyle wear and surf shop that carries

offer a wide range of accessories, home décor

visit www.sandangels.com.

Billabong, Roxy, Amuse Society and more. Also

and unique souvenirs. Located at 49 South

stocks kitesurfing equipment. Located at 10

Church Street, George Town. Tel: (345) 943

Silhouette

Shedden Road, George Town. Tel: (345) 949

4891 or visit www.guyharvey.com.

Sells lingerie, underwear, loungewear and

8166. Galleria Plaza, West Bay Road. Tel: (345)

pyjamas for both men and women. They also

769 7873.

offer a bra fitting service. The Paseo, Camana

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CAYMANRESIDENT 2022

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Bay. Tel: (345) 943 5223 or email: info@

The Bump to Baby

services. They also offer quality digital printing

silhouette.ky.

Sells a variety of beautiful clothes for newborns

services and quality prints at quick turnaround

to toddlers including onesies, shorts, t-shirts

times. 49 Hospital Road, George Town. Tel:

SOLES Shoe Salon

and dresses that are perfect for the Cayman

(345) 949 8642 or visit www.grouppbs.com.

SOLES Shoe Salon is a shoe destination

weather. Brands include Feather Baby, Colored

connecting men and women with the latest

Organics, WeeFarers and more. The Strand

Cayman MAC Store

styles in designer footwear and accessories

Shopping Centre, West Bay Road, Tel: (345) 938

Cayman’s

such as leather handbags, wallets and travel

6498 or visit www.thebumptobaby.com.

service provider, has a full range of Macs, iPads,

Apple

authorised

reseller

and

iPods, iPhones, Apple TV, Beats products,

cases from a wide range of luxury brands. The Paseo, Camana Bay. Tel: (345) 746 8173 or visit

Vertu

headphones, accessories and more. One Nexus

caymanfashiongroup.com.

An affordable fashion and shoe boutique for

Way, Camana Bay. Tel: (345) 943 4763 or see

women. Three locations: Flagship by Vertu -

www.caymanmacstore.ky.

Sweet Pea Boutique

Camana Bay, Caribbean Plaza, SMB and 40

Sells pyjamas, dresses, loungewear, shoes,

Cardinall Avenue, George Town. Tel: (345) 945

Kirk Office

accessories and more for women. They also

1253.

As an authorised retailer of HP and Lenovo, Kirk Office has an excellent selection of laptops,

have an online shopping service. Tel: (345) 923 5947 or visit www.sweetpea.ky. Sportista Sportista is the go-to spot for Cayman’s serious athletes. With a variety of brand-name

Computers & IT Services Expect to pay a little more for computers in Cayman. If you import a computer, you will have to pay 22% duty on the shipping, insurance and cost of the equipment.

tablets, printers, monitors and accessories in their interactive showroom. They also offer networking, storage and memory components

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plus a variety of cables, adapters and accessories. Tel: (345) 623 5475 or visit www. kirkoffice.ky. SE E AD PAG E 78

athletic wear and accessories, the familyCayman Business Machines Ltd/PBS Group

to stay active. Heliconia Court, Camana Bay.

Cayman Business Machines/PBS provides

Office Supply Ltd.

Tel: (345) 926 1122 or visit sportista.shop.

laptops for business and home use as well as IT

Sells a large selection of gaming laptops,

»

www. c a y m a n r e s i d e n t . c o m

203

SHOPPING

owned business aims to serve those who like


personal and business laptops and computers

Shedden Road and 42 Hirst Road, Savannah.

in the Cayman Islands, including Acer, HP, Dell,

Tel: (345) 949 0998.

Asus, Lenovo and Toshiba. Also specialising in monitors of all sizes. They stock a large

Hi-Tech Electronics

selection of Sharp and HP Printers and back-

Sells TVs and home theatre equipment. 34

to-school supplies. They have a full IT support

Howard Street, off Godfrey Nixon Way. Tel: (345)

and service centre that offers in-house or

945 3950. Email: info@hitechelectronics.ky.

off-site repairs. Marquee Plaza, 36 Lawrence Boulevard. Tel: (345) 946 1200, email: info@ officesupply.ky.

Curtains, Draperies & Blinds See the Home Improvements chapter. Dive Equipment Divers Supply Offers a full range of SCUBA diving and

SHOPPING

14

Flooring, Tiles & Carpets See the Home Improvements chapter. Fireworks During December there are many places selling fireworks, however, throughout the year, you can get them from Fireworks Ltd. by Massive which is Grand Cayman’s largest fireworks retailer.

snorkelling equipment plus tank and gear rentals. Also available is swimwear, beach

Fireworks Ltd. by Massive

apparel, sunglasses and sandals. Open every

Open all year around, they offer a wide range

day including Sundays and Public Holidays,

of fireworks such as rockets, roman candles,

8am–9pm. West Shore Centre, West Bay

sparklers, cakes, fountains and large ‘show

Road. Tel: (345) 949 7621 or visit www.

in a box’ displays. They offer online shopping

diverssupply.ky.

and free Island-wide delivery on orders over CI$250. Tel: (345) 949 7990 or visit www.

Divers World

fireworkslimited.com.

Seven Mile Shops, West Bay Road Tel: (345) 949 8128.

Electronic Equipment & Home Automation Bang & Olufsen Cayman’s exclusive dealer for Bang & Olufsen offering an extensive range of products such as BeoLab speakers, BeoVision televisions, BeoPlay headphones and portables. The Paseo, Camana Bay. Tel: (345) 623 8080. Creative Tech Creative Tech is Cayman’s authorised dealer for Bose, Sonos, Paradigm, Samsung, Marantz, Martin Logan, URC and other leading AV brands. Offering a wide range of home theatre systems, flat screen TVs, headphones and speakers. Bay Town Plaza, Shop #6, West Bay Road. Tel: (345) 946 8324 or email: info@creativetechltd.com. Funky Tangs Sells TVs, home theatre equipment and audio/ video accessories. They also offer a full line of musical instruments and car stereos. 220 204

CAYMANRESIDENT 2022

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Furniture Stores There are a number of furniture stores onIsland with a variety of options. IDG ( SE E AD I N SI DE F RON T COVE R ) is an award-winning interior design firm offering hassle free shopping at competitive prices, great quality and same day delivery. IDG has over 65 vendors to choose from and is the exclusive local vendor for many brands. Living.ky ( SE E AD PAG E S 12, 231 & 253) is another furniture and interior design company dedicated to helping you live stylishly and comfortably, with a range of indoor and outdoor furniture to choose from. They also offer complimentary interior design services as part of their custom furniture packages. Other dedicated furniture stores like Ashley Furniture, Marksons Furniture, Sticks & Stones, Tomlinson Furniture and Design Studio all sell a very good selection. Home centres like A. L. Thompson’s, Cox Lumber and Uncle Bill’s sell a small selection of relatively inexpensive indoor furniture.

Children and baby furniture can be bought from Bedside Manor in Camana Bay, The Bump to Baby in The Strand on West Bay Road, Tomlinson Furniture Gallery and Baby Express at 68 Mary Street in George Town. Pre-loved/second-hand baby and children’s furniture can be bought through the EcayTrade website and at Kids Karma Closet. Cayman also has extremely skilled furniture designers who can build almost anything from scratch, such as wine cellars, book shelves, entertainment centres, stair cases, closets and beds etc. Custom cabinets and cupboards for your kitchen and bathroom can be purchased from Pooley Cabinets (Tel: (345) 947 6780 or (345) 947 3779). John Bird of Martlet Design also builds custom design furniture (Tel: (345) 916 7583). If you’re moving to Cayman, the best course of action is to first decide whether you will be renting or buying a house. Most rentals come fully furnished, as do previously owned houses and condos. Newly built houses and condos come unfurnished. Many people buy new furniture locally, or take advantage of the booming second hand market on the EcayTrade website and other local Facebook pages. If you decide to buy your own home, you can choose to import your personal items (furniture, paintings, accessories, etc). If you have been here longer than the six-month duty-free window, then you can write to the head of Cayman Customs explaining that you have now bought a property and would like to import your used personal items from back home, and request that the items be brought in dutyfree (see the Preparing to Move chapter for more information). As long as the request to import your belongings is genuine, it is unlikely you will be denied. This would be subject to any condition that the Collector may see fit to impose. Provide all the receipts so you can prove the items are over six months old, but please note, the items must be used – if the items are new and have never been used, then you will likely be charged duty.


Ashley Furniture HomeStore

tables, storage and shelving, entertainment

including

Stylise and add some pizzazz to any space

units, chairs, sofas, sectionals, ottomans and

bedroom furniture, accessories, area rugs,

with affordable home furniture. They stock

more. Also stocks outdoor furniture such as

tables, and more. Located in George Town. Tel:

living room, dining, bedroom, and outdoor

hanging benches and swivel chairs. Located

(345) 949 6233 or visit www.marksons.ky.

furniture, as well as mattresses and gorgeous

in Pasadora Place, Smith Road. Tel: (345) 233

SE E AD PAG E 236

home accessories to personalise your space.

8700 or visit www.living.ky.

They also offer free delivery and assembly.

SE E AD PAG E S 12, 231 & 253

Visit their showroom at 360 Dorcy Dr,

sectionals,

dining

room

sets,

Sticks & Stones An eclectic collection of fine indoor and

George Town. Tel: (345) 943 2323, email:

Marksons Furniture

outdoor furniture and accessories. Open

ashleyfurniturehomestorecayman@gmail.com

They provide space planning and interior

Monday-Saturday 10am-5pm. 114 Kingbird

or visit www.ashley.ky. SE E AD PAG E 235

design services. Their showroom has a huge

Drive, Industrial Park. Tel: (345) 947 8663 or

selection of indoor and outdoor furniture,

email: info@sticksandstones.ky.

BrandSource Home Gallery 209 Dorcy Drive, Industrial Park. Tel: (345) 623 5000 or visit www.brandsourcecayman.com. Design Studio An interior design firm and furniture retail shop.

14

Their showroom features a wide variety of furniture and accessories for the home. Market Street, Camana Bay. Tel: (345) 945 4977, email info@designstudio.ky, visit www.designstudio. ky and check out their online shop at www. designstudiointeriors.shop.

SHOPPING

SE E AD PAG E 233

HÜIS Cayman Offers

direct-to-door

delivery

to

Island

homemakers for a variety of furniture items in the living room, kitchen, dining room and more. 350 Shedden Road, GT. Tel: (345) 949 3749. Interior Design Group (IDG) IDG combines award-winning interior design services with a brick-and-mortar storefront and online shop, making its expertise and elegance available to everyone. The IDG Shoppe carries a unique and wide-ranging selection of products, including furniture, soft furnishings, rugs, lighting, home decor, home fragrance, tabletop accessories, and so much more. Visit IDG at 7 Mile Shops, Tel: (345) 745

Excellent prices on the name brands you trust

4315 or email shop@idgcayman.com. SE E AD I N SI DE F RON T COVE R

Living.ky Contemporary furniture and design store selling the following brands: Surya, EQ3, Four

Tel 949-5383 • 526-2337

Hands, Sugarboo & Co, Essentials for Living,

9 Walkers Road, Tomlinson Bldg. GT

Moe’s, BDI, Ethnicraft, Selamat, Brafab and

info@tomlinsonfurniture.ky • www.tomlinsonfurniture.ky

more. Stocks various items including coffee

»

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Homewares, Accessories, Lighting, Linens & Bed Sizes Whether you’re renting or purchasing a house, most tend to come fitted with a washer, dryer, fridge, microwave, dishwasher and stove. If you are renting, properties are usually equipped with some kitchen utensils, such as plates, cutlery, and pots. Linens and towels are less frequently provided; however, a great selection of good quality beach towels can be found at Priced Right on Airport Road and Valu-Med Pharmacy on Walkers Road. Accessories can also make your house really feel like home. All the home centres and many furniture stores carry an interesting range of accessories, such as pillows, lamps, throws, linens and ornaments. Lamps with 110/115 volts and a two-pin electrical plug work here. Refer to the Settling In chapter, Utilities section for more information on electrical plugs and outlets. Bed sizes in Cayman are all US sizes. This means that a twin or single bed is 38” x 74”, a full bed is 54” x 80”, a queen is 60” x 80” and a king is 84” x 80”. Most mattress brands sold on Island have pillow tops, so deep fitted sheets are a must.

Anna Hislop Home

A. L. Thompson’s

Bon Vivant Kitchen Studio

Sells home fashions, indoor and outdoor lighting

Offers kitchen design services, speciality

fixtures and ceiling fans, countertop appliances,

culinary

cookware, bakeware, tableware, gadgets and

variety of kitchenware: blenders, juicers

window treatments. Major home appliance

and accessories. Brands include Bosch,

A. L. Thompson’s, Cox Lumber, Kirk Home

brands include Whirlpool, KitchenAid, Miele,

Thermador, Smeg, Liebherr and Le Creuset

Centre and Uncle Bill’s

Sub-Zero and Wolf. 189 North Sound Road. Tel:

cookware. They also have a busy schedule

(345) 949 8622 or visit www.althompson.com.

of interactive cooking classes for all levels

S E E AD PA G E S 203, 239, 241 & 243

of ability. Market Street, Camana Bay. Tel:

Tomlinson Furniture & The Mattress Gallery stocks all major brand mattresses such as Serta, Sealy, Tempur and Beautyrest. They offer solid wood bedroom sets, sofa sets, dining sets, home office, bunk beds and more. Brands carried include: Coaster Furniture, Furniture of America, Modway, Classic Home, Ashley Furniture, Serta Upholstery, Palliser and more. They also sell nursery and children’s furniture including cribs, crib mattresses, toddler beds and more. Home décor accessories including rugs, mirrors, paintings, lamps, candle warmers and diffusers from brands such as Uttermost and IMAX, Three Hands and UMA are always on hand. Free Island-wide delivery is offered on any purchase. Tomlinson Building, 9 Walkers Road, George Town. Tel: (345) 949 5383, email:

SHOPPING

14

info@tomlinsonfurniture.ky or visit www. tomlinsonfurniture.ky. SE E AD PAG E 205

Second-Hand Furniture The second-hand furniture and accessories market is flourishing, and you will be pleasantly surprised by the quality of the goods found for such reasonable prices. Second-hand furniture can be found on www.ecaytrade.com and Cayman Consignment. Second-hand household items, books, clothing and more can be found at the Red Cross Thrift Shop and the Good Deeds Thrift Shop. See the Thrift Shop section in this chapter. Hardware carry a large selection

of hardware.

Sells an array of indoor and outdoor home accessories such as rugs, bookcases and shelving, kitchen and dining decor and more. Eucalyptus Building, 4 Printer Way, George Town. Tel: (345) 949 5556. Ashley Furniture HomeStore Enjoy a new start with a great selection of stylish, affordable home furniture. Living room, dining, bedroom, and outdoor furniture are available as well as mattresses and gorgeous home accessories to personalise your space. They also offer free delivery and assembly. Visit their showroom at 360 Dorcy Dr, George Town. Tel: (345) 943 2323, email: ashleyfurniturehomestorecayman@gmail. com or visit www.ashley.ky.

SE E AD PAG E 235

Bedside Manor This lovely boutique sells luxury linens, down pillows, weighted blankets, duvets, baby products, home accessories, such as throws and cushions, a quirky choice of gifts and women’s jewellery and luxury accessories. Market Street, Camana Bay. Tel: (345) 947 2711 or visit bedsidemanor.ky. SE E AD PAG E 395

appliances,

cabinets

and

a

(345) 623 2665, email: info@bonvivant.ky or visit bonvivant.ky. SE E AD T H I S PAG E & PAG E 248 BrandSource Home Gallery Offers a selection of Tempur-Pedic and Sealy

mattresses

along

with

furniture

including tables, lamps, rugs, mirrors and bed accessories. Offers a full range of European kitchenware, cookware, cooking utensils and gadgets for the wine enthusiast. 209 Dorcy Drive, Industrial Park. Tel: (345) 623 5000.

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Cariloha

Kirk Home Centre

Marksons Furniture

Everything in store is made from Bamboo

Sells an extensive variety of all homeware

With one of Cayman’s biggest showrooms,

which

and

products, from linens and home decor to

over two floors, Marksons has a large selection

hypoallergenic. Their products range from

is

environmentally-friendly

paint, lighting and much more. 257 Eastern

of homeware, furnishings, mattresses, pillows

bed linens and plush throw blankets to

Avenue, George Town. Tel: (345) 949 2521.

and comforters as well as accessories, artwork,

fitness attire, sleep wear and bath towels.

candles and more. Marksons specialises in the

Kirk Freeport Plaza, Cardinall Avenue, George

The Mattress Experts

design, installation and servicing of window

Town. Visit www.kirkfreeport.com/stores/

Sells a wide variety of mattresses, linens,

treatments. Located in George Town. Tel:

cariloha. Tel: (345) 949 7477 ext. 1115.

pillows, headboards, bed frames and more. They

(345) 949 6233 or visit www.marksons.ky.

also stock adjustable beds and mattresses,

SE E AD PAG E 236

Design Studio

such as split heads and split mattresses, as well

A full service interior design firm and

as bedding, linen, throw pillows and more made

Rugs Oriental

showroom featuring furnishings and home

from the finest organic materials. Located at

Stocks a tasteful and eclectic collection of

décor. Market Street, Camana Bay. Tel: (345)

494 Shedden Road, George Town, Tel: (345)

authentic hand-knotted, oriental rugs directly

945 4977, email: info@designstudio.ky, visit

947 1708 or visit www.mattressexperts.ky.

sourced from major weaving countries. They

www.designstudio.ky and check out their

SE E AD T H I S PAG E

have a large selection of quality handmade

online shop at www.designstudiointeriors. shop. SE E AD PAG E 233

carpets in varying sizes, colours and styles. They also sell gorgeous accessories including

Contemporary furniture and design store

cushion

HÜIS Cayman

selling a variety of homeware products and

vintage textiles, mosaic lamps, jewellery,

Sells an array of homewares and accessories,

accessories, including throw pillows, mirrors,

Turkish towels, robes and scarves. Galleria

from desk clocks, decorative trays and dishes

art pieces, light fixtures, rugs, office decor and

Plaza, West Bay Road. Tel: (345) 943 7847 or

to paintings and much more. They also offer

more. Located in Pasadora Place, Smith Road.

email: rugsoriental@candw.ky or visit www.

interior design services. 350 Shedden Road,

Tel: (345) 233 8700 or visit www.living.ky.

rugsoriental.ky. SE E AD PAG E 238

George Town. Tel: (345) 949 3749.

SE E AD PAG E S 12, 231 & 253

covers,

furniture

upholstered

in

CAYMAN’S LARGEST BEDDING STORE & MUCH MORE!

*Teddy bear not included

www.MattressExperts.ky

NOW EXPERIENCE OUR SELECTION OF

ORGANIC BEDDING & TOWELS

Call 345.947.1708

Mon-Fri 9am - 6pm / Sat 9am - 5pm 494 Shedden Road, Grand Cayman

»

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14

SHOPPING

Living.ky


Uncle Bill’s

leather goods, fragrances, and other creative

Carries a great selection of inexpensive home

collections. Bayshore Mall, South Church

accessories and housewares for both indoor

Street. Tel: (345) 815 7471.

and outdoor living from a range of brands. 343 Eastern Avenue, GT. Tel: (345) 949 7601.

Island Jewellers/Island Companies With six locations in Grand Cayman, Island

SHOPPING

14

Hurricane Supplies Stock up on supplies well before the season starts and the threat of a hurricane appears. Visit bulk suppliers like Priced Right and Cost-U-Less for deals on items like drinking water, batteries and canned goods (see the Buying in Bulk section in this chapter). Other items such as torches, tarpaulins and generators can be sourced at home centres such as A. L. Thompson’s ( SE E AD PAG E 239) , Kirk Home Centre or Uncle Bill’s. For hurricane shutters, Hydes & Sons has an on-Island factory which makes top-of-the-line hurricane shutters. See our Disaster Preparedness chapter for more information. Jewellery, Watches & Repairs Most jewellery stores on-Island carry a broad selection of high-end watches including brands such as Cartier, Rolex and Tag Heuer. Cayman is also a great place to buy jewellery as it can be cheaper than Europe or the US; you can enjoy savings of up to 30% on items like watches, gems and most precious metals. For jewellery and watch repairs, Kirk Freeport and Island Companies offer in-house repair services.

Jewellers specialises in an array of fine jewellery, diamonds and watches. Browse timepieces by Ulysse Nardin, Hermès and Tissot or select jewellery from the collections of Hearts on Fire, Tacori, John Hardy and more.

motherhood. Bedside Manor (Tel: (345) 947 2711) also stocks comfortable women’s pyjamas and sometimes maternity clothing ( SE E AD PAG E 395) . Atlantic, Silhouette and The Baby Shoppe all sell a good selection of maternity bras. Bliss Living Yoga sells Lululemon Athletica which is very comfortable and durable and can be worn throughout pregnancy. Funky Monkey also has a good selection of comfortable clothing.

The Island Plaza (345) 949 7098/946 2333; The Paseo, Camana Bay (345) 640 5337; Kimpton Seafire Resort + Spa (345) 746 4112; The Ritz Carlton (345) 640 3475; The Airport (345) 945 1029, www.islandjewellers.com. Kirk Freeport The official Rolex dealer of the Cayman Islands

Musical Instruments You can import musical instruments dutyfree. Guitars are readily available on Island and come in all sizes. However, there is a limited variety of other instruments for sale in Cayman. For music lessons refer to our Activities for Kids & Teens chapter.

and home to a vast variety of the world’s leading brands including Cartier, Breitling, TAG

Funky Tangs

Heuer, Patek Philippe, Omega, David Yurman,

Carries guitars, keyboards and drums and can

Mikimoto, Marco Bicego, Roberto Coin, Hearts

order in violins. They have two locations: 220

On Fire, Chopard and many more. For a full list

Shedden Road and 42 Hirst Road, Savannah,

of locations in George Town and Seven Mile

Tel: (345) 943 0998.

Beach, visit www.kirkfreeport.com or call (345) 949 7477. SE E AD OU TSI DE BACK COVE R

Myles Music Store Sells a selection of instruments including

PANDORA

pianos, recorders, guitars, drums, keyboards,

Take advantage of tax-free savings at

music books, accessories, plus audio and

PANDORA. They specialise in charm bracelets

recording equipment. Barnett Building, 24

and jewellery in sterling silver and 14k gold.

Huldah Avenue, George Town. Tel: (345) 949

Located in Camana Bay, Seven Mile Beach. Call

1753 or email: mylesmusic@candw.ky.

(345) 640 5337 or visit www.islandjewellers. com/pandora.

Balaclava Jewellers

The Music Box Sells guitars, violins, drums, keyboards and

Offers stunning and unique jewellery pieces

Rocky’s Diamond Gallery

ukuleles. They will also order in any instrument

that are rarely found elsewhere. Choose

They sell an impressive range of jewellery,

you need. Market Street, Camana Bay. Tel:

from a selection of contemporary and classic

from GIA certified diamonds to tanzanite, as

(345) 938 3838.

jewellery or work with Balaclava to design

well as rubies and emeralds. They sell an array

a piece unique to you. Located in Governors

of rings, pendants, earrings and bracelets and

Square, West Bay Road. Tel: (345) 945 5788 or

can custom design jewellery. They are highly

visit www.balaclava-jewellers.com.

ranked on TripAdvisor. Located at 28 North Church Street, George Town. Email: sales@

Cartier Boutique

rockysdiamonds.com, Tel: (345) 946 7851 or

The boutique carries a stunning range of

visit www.rockysdiamonds.com.

Musical Instrument/Piano Tuning Typically, acoustic pianos require a service every 6-12 months. If your acoustic piano is in need of tuning, regulation or repair, the companies below offer professional piano tuning services.

signature jewellery collections including Love, Panthère de Cartier, Juste un Clou, Santos, and Trinity de Cartier, as well as iconic Cartier timepieces including Santos de Cartier, Tank, and Panthère, and a variety of accessories, 208

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Maternity Clothing The Bump to Baby (Tel: (345) 938 6498) stocks a variety of fashionable maternity and nursing apparel for all stages of

Blue Water Piano Tuning, regulation and repair of all acoustic pianos. Installation of dehumidifier systems in acoustic pianos and repairs to electronic


keyboard

instruments

depending

on

availability of parts (mainly Yamaha and Roland). A member of the Master Piano Technicians of America. Tel: (345) 925 4535, email: pianotunacayman@gmail.com or visit

623 2044), Massive Equipment Rental (Tel: (345) 949 7990) or Party Source (Tel: (345) 947 2789 or (345) 916 2789). Partybooth Cayman has photo booth rentals suitable for every event (Tel: (345) 926 4100).

www.bluewaterproductions.ky.

Building,

24

Huldah

Carries a large variety of plants, shrubs, trees, fruit trees, seeds, live herbs, terracotta pots and Mexican Talavera flower pots, home and garden accessories, and garden furniture in both of their garden centres. Their expansive

Myles Music Store Barnett

Vigoro Nursery & Landscaping

Avenue,

George Town. Tel: (345) 949 1753. Email: mylesmusic@candw.ky.

Office Supplies See Running the Business chapter.

Plants, Flowers & Garden Centres Throughout the year, florists and grocery stores have a variety of pre-cut flowers and pre-made arrangements. Plants, trees and potting soil can be also be found at the Island’s plant nurseries, the Botanic Park and at the Department of Agriculture in Lower Valley.

Agricola Drive location is open MondayFriday 8am-6pm, Saturday 7.30am-6pm and Sunday 11am-5pm. Their two locations are: 324 Walkers Road, Tel: (345) 949 4270 and 96 Agricola Drive in Lower Valley, Tel: (345) 945 5236, email: tom.balon@vigoro.ky or craig. stewart@vigoro.ky, visit www.vigoro.ky or find them on Instagram (@vigoro_cayman) or Facebook (@VigoroCayman).

Paint Dedicated paint supply stores are listed below. However, many of the home centres also carry paint and painting supplies.

Cayman Growers A plant nursery, as well as a sod/grass and tree farm located in East End. Spread over 30 acres, they have approximately 10,000 trees at any one time. They have a wide variety of

ACE

palm, shade and fruit trees including mango,

Carries top brands such as Clark & Kensington

avocado and the Barbados cherry. Tel: (345)

and Magnolia Home. 11 Ashgo Street, off

323 0722 or visit www.caymangrowers.ky.

Godfrey Nixon Way. Tel: (345) 949 4223. They carry a wide variety of plants, shrubs,

They specialise in Benjamin Moore and their

trees and orchids. 384 Crewe Road, George

own branded paint. 96 Portland Road, Industrial

Town. Tel: (345) 945 1701.

Park. Tel: (345) 949 2920. Growing Beauty

Party Supplies & Rentals With every occasion, there is a cause for celebration. Regardless of the size of your event, there are several party supply stores and services available. It’s Your Party (Tel: (345) 946 4453) is located in Bodden Place on Shedden Road, Party Source (Tel: (345) 947 2789 or (345) 916 2789) is in Paddington Place on Godfrey Nixon Way and PartyVille (Tel: (345) 943 8455) in Plaza Venezia on North Sound Road. They all sell party supplies, fancy dress costumes and balloons, as well as offer bouncy castle and water slide rentals. Some also offer face painting. Shilpa offers face painting, henna tattoos and balloon twisting. To book, call (345) 927 1763 or email: tshilpa74@gmail.com. For larger party supplies like tents, tables, chairs and more, try AI Rentals (Tel: (345) 946 4935), Celebrations Ltd. (Tel: (345)

The owner, Michelle Green, has a great deal of knowledge about Cayman’s native plants and can provide valuable advice when planning your garden. Located at 12D Lawrence Blvd, off West Bay Road (next to the Harquail Theatre).

Uniforms Cayman

Tel: (345) 927 2487 or (345) 925 3857 or email:

Sells uniforms for most government schools

growingbeauty_nursery@aol.com.

such as Savannah Primary School and John Gray High School. Located at 62 Hospital Road

Power Flower

Plaza, George Town. Tel: (345) 949 5784.

Power Flower’s huge variety of ceramic pots and healthy, locally grown plants adds the

Becky’s Closet/Uniforms and More

finishing touches to any property or event

Sells uniforms for most government primary

space. Visit their nursery where a passionate

schools as well as for Triple C and Wesleyan

team of specialists can help you make the

Christian Academy. They also sell navy

most of your home space and at the same time

and khaki pants, skirts, shorts and skorts.

create a welcoming and tranquil ambiance. 31

Located at 90 Godfrey Nixon Way, between

Orchard Lane, Off Crewe Road, George Town.

A.L. Thompson’s and The Auto Spa. Call

Tel: (345) 949 2256 (Office) or (345) 321 0308

or WhatsApp (345) 939 0007, or email:

(Nursery), email: office@powerflower.ky or

beckyscloset345@gmail.com.

visit www.powerflower.ky. SE E AD PAG E 244

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SHOPPING

Every Bloomin’ Thing (EBT) Cayman Coating Industries

School Uniforms While most preschools do not have a school uniform, all primary and high schools in Cayman require uniforms. Most uniforms for private primary and high schools may be bought directly from the schools, however uniforms for Cayman International School and some items for Cayman Prep School must be purchased from Lands’ End (www.landsend.com). Government primary and secondary school uniforms can be purchased directly from the schools, Uniforms Cayman or Becky’s Closet. Clifton Hunter High School uniforms are only available at their uniform shop located at the school. Contact the school directly.


Shoes As well as the shoe stores listed below, Blue Wave sells OluKai sandals and shoes, Harbour House Marina sells Crocs and Sand Angels in Camana Bay sells Melissa sandals.

The Ritz-Carlton Golf Club The Ritz-Carlton, Grand Cayman features a variety of shopping outlets selling pro equipment and apparel at the golf shop and tennis shop. For wellness and fitness products and apparel, visit Silver Retail located across La Prairie Spa. Grab all your pool and beach

Thrift Shops

Atlantic Kids

must-haves from the pool kiosk located next

The Claws-It Thrift Shop

Carries quality children’s shoes such as Stride

to the Ocean Tower swimming pool. Tel: (345)

Located in Plaza Venezia, next to China

Rite, Skechers, French Toast and Juicy Couture

943 9000.

Village, the shop sells gently used clothes,

including uniform school shoes. Located at

shoes, jewellery, handbags, school bags,

Paddington Place, Godfrey Nixon Way. Tel:

Sport ‘N’ Zone

housewares and computers at bargain prices.

(345) 949 2296 or visit www.atlanticak.com.

Sells branded clothing and footwear including

Every dollar spent goes towards the dogs and

SE E AD PAG E 201

Nike, Reebok, Adidas and more. Hospital Road

cats at the shelter and helps find loving homes

Plaza, Hospital Road. Tel: (345) 945 6453.

for them. Open Tuesday-Saturday, 9am-

Le Classique Shoes & Leather Emporium

14

2.30pm. Tel: (345) 945 5596 or visit www.

Offers a large selection of leather shoes for

Sportista

men and women, plus handbags. The Strand

Sells activewear, footwear and accessories

Shopping Centre, West Bay Road. Tel: (345)

and much more on their online store. Tel: (345)

“New To You” Bargain Shop by NCVO

949 7121.

926 1122, email: hello@sportista.co or visit

Located at NCVO on 90 Anthony Drive, this

www.sportista.shop.

thrift shop is open Tuesdays-Saturdays.

No. 1 Shoe Shop

SHOPPING

in Seven Mile Shops (Tel: (345) 943 1515) also sells designer sunglasses. Midrange sunglasses are available at the dive shops and cheaper sunglasses can be found in Foster’s, Kirk Market and Cost-U-Less.

caymanislandshumanesociety.com.

Donations are welcomed year-round and the

They carry many different brands of children’s,

Sports Supply

DropBox is located in the parking lot. All funds

men’s and women’s shoes, as well as sports

Offers clothing for football, yoga, tennis and

raised help aid the NCVO programmes. Visit

shoes. In-store shoe and luggage repair

general fitness. Brands include Nike, Adidas,

their Facebook page for weekly updates: www.

available. Hospital Road Plaza, 62 Hospital

Asics, Champion and Under Armour. Galleria

facebook.com/NewToYouShopByNCVO or tel:

Road, George Town. Tel: (345) 949 5595.

Plaza, West Bay Road. Tel: (345) 949 7884 or

(345) 949 2124.

visit www.sportssupply.ky.

SOLES Shoe Salon

PAWS Thrift Shop

They sell men’s and women’s designer

Waterman Cayman

This thrift shop accepts all donations and sells

footwear, as well as popular brands and all

Sells equipment and clothing for watersports

a variety of items from books and toys to

the latest styles. SOLES also sells designer

such as paddle boarding, surfing and kite

furniture and kitchen appliances. Every dollar

handbags, wallets and travel cases. The Paseo,

surfing. Galleria Plaza, West Bay Road. Tel:

spent goes towards assisting the animals

Camana Bay. Tel: (345) 746 8173 or visit www.

(345) 769 7873.

in the eastern districts with food, shelter

caymanfashiongroup.com.

and medicine. Visit their Facebook page for

Sports Clothing & Equipment Tennis gear can be purchased at the RitzCarlton tennis shop at The Courts Tennis Center. For yoga clothes and mats, shop at Bliss, Cayman Yoga Club or Activ Angels. Below is a list of places where you can also buy sports clothing and other sorts of equipment you may need. North Sound Golf Club Sells golf apparel for men and women including brands such as Travis Matthew, Adidas and more. Tel: (345) 947 4653 or visit www. northsoundclub.com.

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Sunglasses Optique in Queens Court Plaza (Tel: (345) 949 3937) is an optical boutique store offering new and exclusive brands ( SE E AD PAG E 318) . De Sunglass Man in Camana Bay (Tel: (345) 640 5339) stocks a wide range of brands including Maui Jim, Oakley, Ray-Ban and more. VisionWear in Camana Bay (Tel: (345) 943 5151) stocks brands such as MODO, Michael Kors, Valentino, Tom Ford and more. Optical Outlook in Anderson Square, George Town and Jacques Scott Plaza, West Bay (Tel: (345) 746 2020) sells designer brands such as Maui Jim, Oakley, Ray-Ban and other prescription sunglasses. Caribbean Optical

updated opening hours. All donations are welcomed. 553 Plaza Odessa, next to Cox Lumber (BT). Tel: (345) 916 3957, email: caymanpaws@gmail.com or visit www. facebook.com/PAWSThriftShop. Red Cross Thrift Shop Open for the public to donate and buy new and used items, such as clothing, shoes, furniture and appliances. The funds generated are used to help support those vulnerable in the community. Shop hours: Tuesday 9am-2pm, Thursday 9am-2pm and Saturday 8am-1pm. 34 Huldah Avenue, George Town. Tel: (345) 949 7467 or email: shop@redcross.org.ky.


The Red Collection (tRc)

offer a bra fitting service. The Paseo, Camana

office. Order from one, or multiple vendors and

tRc is the Cayman Islands Red Cross’ Thrift

Bay. Tel: (345) 943 5223 or email: info@

with consolidated services, you get to choose

Shop designer boutique. They sell vintage

silhouette.ky.

when and how your shipments arrive whether

designer apparel, higher-end furniture and also

they include one item or 100. Whether you’re

some brand new items for sale at competitive

Victoria’s Secret Beauty & Accessories

buying gadgets, furniture, kitchenware, a new

prices. Open Saturdays 10am-1pm. 34 Huldah

Sells VS panties, sportswear and sleep wear.

TV, or even a car from Japan, CICA can assist

Avenue, George Town. Tel: (345) 949 7467 or

40 Royal Plaza, Cardinall Ave, George Town. Tel:

you with bring them to the Cayman Islands

email: shop@redcross.org.ky.

(345) 949 6513 ext. 5302.

from any forwarder in any country. Contact

Toys Places to buy children’s toys include Atlantic Kids, Bedside Manor, Next Chapter and Book Nook. Priced Right

and Costalso carry a variety of toys and sometimes inexpensive gems. U-Less

Atlantic Kids Carries a great selection of fun, award-winning toys for boys and girls of all ages at affordable prices. Expect to find toys you’d see in toy stores in the US and the UK. A great place to shop for birthdays, with gift registries available. Paddington Place, Godfrey Nixon Way. Tel: (345) 949 2296 or visit www.atlanticak.com.

Book Nook Sells a great selection of toys, Lego, puzzles, board games, electronic toys and lots of books.

While the prices of some goods are more expensive than in the US, there is often a very valid reason for this. Every item sold in Cayman has to be imported either by air or sea; then, Customs charge duty on (most) items at 20% (to retailers) or 22% (to the general public). This duty is calculated based on the value of the goods, the shipping costs, as well as the insurance charged. The items are then displayed in stores that pay higher electricity bills than the US and some also have to pay work permit fees. Also note that many online retailers may not ship to Cayman. It is a good idea to consider using a freight forwarder who will provide you with an address in the US, and will then forward the package to Cayman.

Kids love the very talkative resident parrot.

CICA to set up an account and start shopping. SE E AD PAG E 95

CICA Miami Office / Deluxe Freight 11401 NW 107th Street, Miami, Fl 33178 Phone: 1 (305) 513 0156 or (345) 949 2350 Email: sales@deluxefreight.com EZShip Cayman Ltd. 90B Godfrey Nixon Way, George Town

14

Tel: (345) 640 0900 Email: info@ezshipcayman.ky www.ezshipcayman.ky A reliable and efficient package forwarding service for shopping online. Also provides a customs clearance and brokerage service. SE E AD PAG E 218

SHOPPING

SE E AD PAG E 201

ONLINE SHOPPING

Mail Boxes Etc. Market Street, Camana Bay Tel: (345) 745 1400 Email: info@mbe.ky or visit www.mbe.ky

Located in the Galleria Plaza, West Bay Road.

Aeropost

Offers mail forwarding, packing, and shipping

Tel: (345) 945 4686.

1 Aeropost Way, Miami, FL 33206

and a US address service - useful for imports

Tel: (345) 949 6778 (Erick - Cayman)

and online shopping.

Underwear

Tel: (954) 260 9620 (Dino Nassi - Miami)

Atlantic

www.aeropost.com

NCI Services Ltd.

For women, you will find Bali and Maidenform.

They offer an all-inclusive marketplace for

Tel: (345) 943 4624 or email: info@nci.ky

online shopping plus a freight forwarding

and their four for CI$12 panties might be the

service to Grand Cayman. Items are collected

best deal on the Island. Bra fitting is available

from 529 Shedden Road, George Town (next to

from trained associates. Atlantic Kids carries

NAPA Auto Parts).

a full line of underwear and socks for boys and girls, including first bras for tweens. They

Cayman Islands Customs Agency (CICA)

also carry sleepwear for all ages at extremely

Tel: (345) 949 2350

affordable

Email: cica@cicustomsagency.ky

prices.

Paddington

Place,

Godfrey Nixon Way, just off the Butterfield

CICA is a customs broker with more than 25

roundabout. Tel: (345) 949 2296. Visit www.

years of experience in logistics, clearance, and

atlanticak.com. SE E AD PAG E 201

the handling of all types of imported goods. Online shopping with CICA is easy with twice

Silhouette

weekly consolidated shipments, expedited

Sells lingerie, underwear, loungewear, pyjamas

air services, small package services, customs

and more for both men and women. They also

clearance, and delivery right to your home or

Please keep in mind that some items cannot be imported into the Cayman Islands due to certain laws. For example, all items that depict the cannabis plant are prohibited from entering the Island, as well as obscene writings and drawings, pellet guns and catapults, gambling instruments, certain vehicles and more. See the Preparing to Move chapter for other considerations and companies that offer freight forwarding.

THE

These bra and panty sets make for great gifts

Tell them you saw it in the

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Living In Cayman

Photos courtesy of Rebecca Davidson

A list of professional services to make Island life easier, including babysitters, beauty salons, dry cleaners, postal services and more.

15

L I V I N G I N C AY M A N

- Babysitters & Nannies - Bicycle Repairs - Car Wash - Day Spas, Hair & Beauty Providers - Dry Cleaning, Laundry & Tailors - Event Planners & Party Rentals - Florists - Key Cutting/Locksmiths - Local Media/Radio Stations - Notary Public - Personal Concierge Services - Photographers - Photo Processing Studios - Postal Services - Courier Services - Printing & Copying - Purchasing Overseas - Storage Units & Warehouse Space

212 213 213 213 214 214 215 215 215 216 217 217 217 217 218 218 219 219

have staff trained in CPR and first aid. For a good babysitting service you can expect to pay between CI$12-CI$14 per hour (extra for more than one child). Hourly, daily or weekly rates can be negotiated for cleaning, as well as childcare. Although babysitters can be found by word-of-mouth, below we have listed some reputable companies. More information on hiring a fulltime domestic helper or nanny can be found in the Running Your Home chapter and in our sister publication, Cayman Parent (www. caymanparent.com). AAA Caregivers Tel: (345) 916 5925 Email: aaacaregivers@candw.ky or www.aaacaregivers.ky They are a home care service agency whose staff are trained in first aid/ CPR, housekeeping, childcare and safety. Staff members are assigned

L

iving in Cayman is made easy thanks to the abundance of highly-skilled professionals who offer exceptional services. From internationally-trained hairdressers and photographers to hard working beauticians and reliable event planners, this chapter contains all the information needed for taking care of yourself and your family. For home related services like air conditioning technicians, house cleaners and plumbers, see the Running Your Home chapter; for information on pets, see the Pets chapter.

based on the suitability to your family’s needs. The cost of the service is dependent on the amount of cleaning and childcare to be done and whether it is part-time or full-time. If you require a full-time domestic helper or caregiver, they can source, interview and train a trustworthy and hardworking employee for you for a finder’s fee. You can then employ the individual on your own terms. Their rates are competitive. Best Home Care Agency Tel: (345) 947 2297 or (345) 926 2297

Babysitters & Nannies A reputable babysitting company should be licensed, insured and 212

CAYMANRESIDENT 2022

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Best Home Care Agency offers professional childcare and babysitting services as well as housekeeping services.


Bicycle Repairs

Tel: (345) 943 2002

including a grand soaking tub, traditional

Cayman Mobile Bike Repairs

Email: info@davinciwellnesscentre.com

Turkish Hammam, steam room and relaxation

Tel: (345) 936 8385 or (345) 525 2020

Book: www.davinciwellnesscentre.com

space. Services include: massage therapy,

A mobile bike repair company that also

Services include: Chiropractic, Physiotherapy,

body treatments, facials, manicures, pedicures,

sells bicycles, Shimano and Garmin bicycle

Cellular Therapy, Sleep Evaluation, Women’s

steam, and full hair and makeup for bridal

computers, shoes, jerseys, shorts and helmets.

Health, Men’s Health, Candela Laser, Laser

parties.

Hair

Removal,

Laser

Skin

Tightening,

Uncle Bill’s Home Improvement Centre

Laser Skin Treatments, Body Contouring,

La Prairie Spa, The Ritz-Carlton, Grand Cayman

343 Eastern Ave, George Town

Acupuncture, Chinese Medicine, Aesthetic

West Bay Road, Seven Mile Beach

Tel: (345) 949 7601

Medicine, Botox/Juvéderm, Carboxy Therapy,

Tel: (345) 815 6900

Mesotherapy, Sclerotherapy, Reflexology,

An exclusive luxury spa providing a full range

Massage therapy, Reiki, Naturopathy, Guided

of services that include signature facials,

Meditation, HydraFacials, Microdermabrasion,

massages and body treatments featuring La

Chemical peels, IVF support/infertility, and

Prairie Spa’s world-renowned techniques and

smoking cessation. SE E AD PAG E S 327. 329 & 332

products. Arrive early to relax in the serene

Car Wash Cayman’s only automated car wash, The Auto Spa (Tel: (345) 943 1946) is located off Godfrey Nixon Way. Refer to the Transportation chapter to learn more.

lounge or unwind in the whirlpool, sauna Eclipze Hair Design & Day Spa

and steam room. Treatments range from 45

Cleaning Services

10 Market Street, Camana Bay

minutes to a full day of services.

K&A Janitorial Services

Tel: (345) 945 1188

Tel: (345) 326 3379

15

Luxury Couture Beauty

www.kandajanitorialservices.com

Get Nailed & More

Tel: (345) 926 5075

K&A Janitorial Services provides residential

Caribbean Plaza, West Bay Road

Email: luxurycoutureky@gmail.com

and commercial cleaning including carpet,

Tel: (345) 943 3836

An online beauty retailer that sells makeup

See the Running Your Home chapter for more cleaning service providers.

products and services, run by experienced Halo Hair Studio

makeup artist, Kadian. Offers complimentary

72 North Church Street, George Town

makeup consultations to help you select the

Tel: (345) 623 5437

best products and colours for your skin type. Kadian also provides makeup lessons, eyelash

Day Spas, Hair & Beauty Providers Whether you’re looking to get massages, manicures, pedicures, facials, haircuts or other beauty treatments, Cayman has a great selection of service providers. It is customary to leave a tip of 10% or more.

Hibiscus Spa at the Westin Resort & Spa

and brow tinting services. SE E AD PAG E 389

Seven Mile Beach, West Bay Road Tel: (345) 914 2009 or (345) 945 3800

Madison One Salon

Treatments include facials, massage therapies,

Park Place, 25 Earth Close, Off West Bay Road

nail services, waxing, and more.

Tel: (345) 325 0371 Sue Tyrrell specialises in colour work.

The Spa at Seafire (Kimpton) Beyond Basics Medical Day Spa

60 Tanager Way, off West Bay Road, SMB

Rock Gorgeous Hair

3rd Floor, Tomlinson Building, GT

Tel: (345) 746 4040

1st Floor, Coconut Plaza, West Bay Road

Tel: (345) 945 2737

A 8,500sq ft spa with seven treatment rooms,

Tel: (345) 925 4231

Offers

Laser

Rejuvenation, threading

hair

removal,

HydraFacials,

and

more.

Laser

Skin

microneedling,

They

also

sell

cosmeceuticals. Body Works Queens Court Plaza, West Bay Road Tel: (345) 945 6485 Offers massages, facials, waxing and nails.

HAIR

SALON & SPA

(345) 949-8809 S

Da Vinci Centre for Wellness and Alternative Therapies Park Place, West Bay Road

Cutting • Perming • Colouring • Highlights • Braiding • Relaxer • Acrylic Nails • Manicures Massage • Pedicures • Waxing • Facials • Eyelash & Eyebrow Tinting • Keratin Treatments

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L I V I N G I N C AY M A N

upholstery, windows, tile and grout cleaning.


Specialising in colour work, event hair and

Uniko Eco Salon

Classy Tailoring

make-up, bridal services, hair extensions and

Harbour Centre, 5 West Bay Road

Nevlaw Building, Shedden Road

more.

Tel: (345) 769 5400

Tel: (345) 946 9283 or (345) 924 6917

www.unikosalon.com Scalp Aesthetics

Massimo Crigna’s new sustainable hair salon is

Fluff ‘N’ Fold

130 Keturah Street, Walkers Road

Cayman’s only eco-friendly salon. It features

65 Market Street, Camana Bay

Tel: (345) 917 6262 or (345) 949 2944

environmentally

Tel: (345) 943 5833

Spa Esprit Hair Design & Day Spa

friendly

elements

and

products. Services include: cuts, hair Botox,

Cayman’s only certified eco-friendly dry

colour and styling.

cleaning and laundry service provider. Free

The Strand Shopping Plaza, West Bay Road

pick-up and delivery is available within the

Tel: (345) 945 4334

Utopia Salon

George Town and Seven Mile Beach areas.

Caribbean Plaza, West Bay Road Studio 54 West

Tel: (345) 749 8876

Island Cleaners

Tel: (345) 943 3722

15

43 Vibert Bodden Drive, George Town

Offering treatments for men and women

Vintage

Tel: (345) 949 5391

including hair services and manicures; also

Unit 8, 7 Mile Shops, West Bay Road

Email: islandcleaners@candw.ky

sells hair care products.

Tel: (345) 947 1897

www.islandcleaners.ky www.facebook.com/IslandCleaners

Styles Hair Salon & Spa

VanitySalon

Island Cleaners offers a full laundry and dry

West Shore Centre, West Bay Road

Unit 1, Midtown Plaza, George Town

cleaning service for clothing and household

Tel: (345) 949 8809

Tel: (345) 949 7929

items such as duvets, bed linen, comforters

L I V I N G I N C AY M A N

Facebook: Styles Beauty Salon and Spa

and more. You can visit their shop or take

Services include: unisex hair cutting, colouring

WOW Spa

advantage of their free pick-up and delivery

and treatments, highlights, lowlights, tinting,

Smith Road Plaza, Suites 5&6, Smith Road,

service to your home or office. They also offer

waxing, full body treatments, massages, spray

Tel: (345) 936 6969

an alteration service, from replacing buttons to

tanning, acrylic nails, manicures and pedicures.

Offering

They also offer a variety of Keratin treatments.

massages, body wraps, spray tans, makeup

SE E AD PAG E 213

and all-natural skin care products.

Tips ‘N’ Toes

Dry Cleaning, Laundry Services & Tailors There are several dry cleaners on-Island that are fully equipped to deal with shirts, trousers, bedspreads, sofa slipcovers, rugs and more. In addition to several tailoring stores, many of the dry cleaners also offer alteration and repair services.

waxing,

nail

services,

facials,

re-sizing garments. SE E AD T H I S PAG E Puritan Cleaners Four locations: two in George Town, one in

Bayshore Mall, South Church Street, GT Tel: (345) 943 8637 Facials,

massages,

nail

services,

body

treatments, microneedling and microblading. Touch of Thai Park Place, West Bay Road Tel: (345) 949 8989 or (345) 938 6189

CAYMANRESIDENT 2022

Main Branch Tel: (345) 949 7104 Super Stitch Suite #39, Pasadora Place, Smith Road Tel: (345) 949 2833 Offers fabrics, arts, crafts and sewing supplies, as well as a tailoring and dress making service within the store.

43 Vibert Bodden Drive

214

West Bay and one in Savannah.

»

Event Planners & Party Rentals Most of the big hotels and larger restaurants on Grand Cayman such as Caribbean Club (Tel: (345) 623 4500) and Cracked Conch (Tel: (345) 945 5217) offer event planning as part of their packages. For wedding planners, see the Getting Married chapter. For catering, see the Food & Drink chapter. For party stores, see the Shopping chapter. For event planning services and equipment rental, contact the following:


AI Rentals

and keys. Their experienced locksmiths can

HOT 104.1 FM

17 Lancaster Crescent, Industrial Park

also assist with any of your home and business

Playing a mix of reggae, dancehall, reggaeton,

Tel: (345) 946 4935 or www.ai-rentals.com

requirements, including key cutting and safe

soca and gospel. Featuring artists such as Bob

maintenance services. SE E AD PAG E S

Marley, Machel Montano, Movado, Bunji Garlin,

183 & 192

Every Last Detail

Beanie Man and Popcaan. SE E AD PAG E 216

Tel: (345) 321 8227 Offers event planning services for all events. Massive Equipment Rental & Sales Tel: (345) 949 7990

Laundromats Laundromats are a convenient solution if you do not have a washer and dryer or if you need to wash bulky items. They are usually open daily.

www.massivegroup.com

ICCI 101.1 FM A college radio station whose mandate is to train future broadcasting professionals. Island FM 98.9

Massive offers a huge selection of inventory

C.A.R.T.S. Laundry

Broadcasting the sound of the Caribbean with

including: Audio/visual/lighting, tables, chairs,

Barnes Centre, Walkers Road, George Town

a variety of calypso, soca and reggae.

tableware,

Tel: (345) 949 0361

cooling

instruments,

games,

glassware, food service items, special effects,

KISS 106.1 FM

staging, dance floors, tents and more. Delivery

Fluff ‘N’ Fold Laundry Services

Playing adult contemporary from the 70s to

and collection from any location on-Island.

65 Market Street, Camana Bay

today. Kiss 106.1 has Cayman’s best variety

Tel: (345) 943 5833

of music with tracks that are sure to appeal to

Florists

everyone. SE E AD PAG E 216 Island Cleaners

Building C, Kingbird Warehouse Park

43 Vibert Bodden Drive, George Town

Praise 87.9 FM

Tel: (345) 623 2044

Tel: (345) 949 5391

Christian

Flower arrangements of freshly cut flowers for

Island Cleaners offer a Wash and Fold service

Conference of Seventh-Day Adventists.

every occasion.

by the pound. They will sort, clean, dry and

radio

station.

Owned

by

the

neatly fold your laundry for only CI$1.50 per

Radio Cayman 89.9 FM

Every Bloomin’ Thing (EBT)

pound. They also do a Commercial service, full

A Government-owned station featuring local

384 Crewe Road, George Town

dry cleaning and offer free pickup and delivery.

and international news (BBC), talk-shows and

Tel: (345) 945 1701

SE E AD OP P OSI T E PAG E

music. Available in the Sister Islands on 93.9

www.ebt.com.ky

FM. They host the morning show ‘Business

A full-service floral shop, landscaping company,

Super Suds Laundromat

garden centre, gift shop and tea room.

553 Odessa Plaza, Bodden Town Tel: (345) 916 4719

Trisha’s Roses

LOCAL MEDIA

266 North Church Street, Waterfront Tel: (345) 949 2423 or (345) 949 7315

Local Radio Stations

They create arrangements for all occasions.

Big Fish 95.5 FM

Key Cutting/Locksmiths Most home centres offer a key cutting service; however, the following two companies have dedicated locksmiths:

Rooster 101.9 FM Plays country music and hosts a very popular political morning talk show called ‘Cayman Crosstalk’. Also available in the Sister Islands.

Contemporary Christian music with teaching

Spin 94.9 FM

segments.

Plays a range of music from the top 40 to dance, and hip-hop to rock.

Breeze 105.3 FM Playing pop, Latin, reggae, religious and

Star 92.7 FM

country. Available in Cayman Brac on 93.9 FM.

Playing pop, rap, rock, hip-hop, trance, electro

Choice Professional Locksmiths Tel: (345) 928 6659

Buzz’ on Tuesday and Thursday.

house and country. CAYROCK 96.5 FM Playing classic rock and new rock. Featuring

107.9 FM Weather

The Security Centre Limited

artists such as U2, Led Zeppelin, Green Day,

Features a recording (updated hourly) of the

Cayman Technology Centre, 115 Printer Way

Guns N’ Roses, Red Hot Chili Peppers, Rolling

temperature, rain probability, humidity, wave

Tel: (345) 949 0004

Stones and The Who. SE E AD PAG E 216

heights and tides.

www.security.ky

GOLD 94.9

X107.1 FM

Home to one of Cayman’s largest supply of locks

Playing the best of the 80s and 90s.

Playing the international Top 40 hits. Featuring

Email: info@security.ky

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215

L I V I N G I N C AY M A N

Celebrations Ltd.

15


artists such as Billie Eilish, Lady Gaga, Ariana Grande, The Weeknd and more. SE E AD T H I S PAG E Z99.9 FM Plays the latest pop hits. They also have a very popular morning show called ‘On Air’.

Local News - Online & Print There are several online news services in the Cayman Islands, as well as two newspapers. The Cayman Compass ( SE E AD PAG E S 45 & 77) is published weekly on Fridays (cover price

CI$1) and includes news, issues, business, living, travel, health, community and sport sections. Copies are available from outlets around the Islands, including gas stations and supermarkets. Their website, www. caymancompass.com, is updated with breaking news, developing stories and also live-streamed debates. They also showcase up-to-date employment listings for the Cayman Islands, as they appear in the print version of the newspaper. Subscription to the website is $9.99 per month.

The Caymanian Times is another weekly newspaper that is available on Wednesdays and Fridays at outlets around the Island for 50¢, with the accompanying website www. caymaniantimes.ky. Cayman News Service (CNS) is a free, online-only news service at www.caymannewsservice.com that covers breaking stories and local interest articles. Loop Cayman, at www.loopcayman.com is an online-only service which provides local and regional news. Cayman Marl Road, www.caymanmarlroad. com, covers local news and stories and has a very active Facebook page. Local Television Stations Currently, there are two free television stations in Cayman: Trinity Broadcast Network (channel 21 over-the-air and 41 on Logic) and the Seventh Day Adventist Network (channel 30 over-the-air and Logic channel 42). Other television stations include the Cayman Islands Government Television, CIGTV, (C3 channel 3 and Logic channel 23), Cayman Life TV (Logic channel 33) and Discover Cayman (Logic channel 27 and C3 channel 2) which provides information for visitors and locals on activities, events and dining out in the Cayman Islands. CIGTV also has a YouTube channel by the same name where they stream important news briefs and government press conferences. Currently, this channel is used for announcements, as well as live press conferences to update the public on local developments, such as the reopening of the Island.

L I V I N G I N C AY M A N

15

Notary Public For the purpose of a work permit or bank account application, or any other instance where you must verify your identity, you will need a Cayman Islands Notary Public to certify that the document is an authentic and correct copy of the original. You can find a list of all licensed notaries on the Judicial website: www.judicial.ky/generalpublic/notaries-public. The standard charge is CI$30 per stamp. Alternatively, call either Baysyde Biz on (345) 917 5756 or Joy Basdeo MBE, JP on (345) 949 9933. 216

CAYMANRESIDENT 2022

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Personal Concierge Services

She is most known for her high energy and

KRW Personal Services

ability to put children and parents at ease in front

Tel: (345) 917 8885

of her camera.

(345) 945 2046) is the only photo studio that still develops film. They will also scan your old negatives onto CDs for you.

administrative assistance such as completing

Deep Blue Images/Julie Corsetti

Cathy Church’s Photo Centre & Gallery

application forms, writing cover letters and more.

Tel: (345) 916 0016

Sunset House Hotel, South Church Street, GT

Services provided include grocery shopping,

Email: info@deepblueimages.com

Tel: (345) 949 7415

Mosaic Cayman

Specialises in wedding, family, children, events

www.cathychurch.com

George Town, Grand Cayman

and underwater photography.

Offers printing on canvas, photo and art papers,

Tel: (345) 928 7940

up to 58” by any length. They offer professional

Email: relocation@mosaicsolutions.ky

Guy Waller Photography

retouching, canvas stretching, framing, accurate

www.mosaiccayman.com

Tel: (345) 321 3336

art reproduction and self-service printing kiosks.

Provides customised, full service relocation

Email: guy@pinkpalmstudio.com

SE E AD PAG E S 197, 391 & 453

packages for individuals and families.

www.guywaller.com

SE E AD PAG E 93

Bespoke

wedding

and

family

portrait

POSTAL SERVICES IN THE CAYMAN ISLANDS

photographer capturing memories and joyful My Personal Concierge Services

moments.

Berthaze Court, 95 Godfrey Nixon Way, GT Tel: (345) 928 7723 or (345) 947 8565

Lisa Reid Photography/Blank Canvas Ltd.

Offers a range of personal and corporate

Tel: (345) 916 2239

concierge services.

Email: lisa@lisareidphotography.com www.lisareidphotography.com A talented and experienced photographer

Cayman Photographers by Cathy Church’s

who specialises in taking photos of families,

Photo Centre

children, couples as well as for birthday parties

Sunset House Hotel, South Church Street, GT

and events.

Tel: (345) 949 7415 Email: lin@cathychurch.com

Pictures by Shankar

www.linfronda.com

Tel: (345) 925 1777

Cathy Church and a staff of dedicated

Email: info@picturesbyshankar.com

photographers can video or photograph

www.picturesbyshankar.com

every occasion from weddings to underwater

An experienced photographer who specialises

birthdays to corporate projects. They also have

in taking photos of weddings, families, portraits

Cayman’s largest picture framing studio.

and more.

SE E AD PAG E S 197, 391 & 453

Rebecca Davidson Photography Creations Unlimited

Tel: (345) 916 1654

Email: lucy@creations.ky or info@creations.ky

Email: wedding@rebeccadavidson.com

A team of talented photographers with over 20

www.rebeccadavidson.com

years’ experience in capturing stunning images

A talented photographer with 25 years’

from family shoots to weddings. They also sell

experience in capturing stunning images.

canvas prints and much more.

Rebecca has the expertise and the enthusiasm to capture memories that you will treasure

Daria Keenan

forever. Specialising in weddings, Rebecca’s

Tel: (345) 925 6695

fun style puts everyone at ease, allowing her

www.dariakeenan.com

to capture love and laughter in the most natural

An award winning family and newborn

way. SE E AD PAG E S 390 & 399

photographer, photographing families in Grand Cayman since 2014. With every shoot, she aims to capture genuine expressions and joyful moments all during the beautiful sunset hour.

Photo Processing Studios As far as we know, Rainbow Photo in Elizabethan Square, Shedden Road (Tel:

Postage Costs Overseas Mail: Airmail is zoned according to its destination and charged by weight. A postage calculator is available on the website: www.caymanpost.gov.ky. > US, Canada and Central America: CI$0.75 per half ounce.

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15

L I V I N G I N C AY M A N

Photographers

Postal services in Cayman are fast and efficient with the turnaround time for local mail, usually being 24 hours. There is no postal mail delivery, so alternatively PO Boxes are used. There are 16 post offices and numerous blue mailboxes located throughout the Islands. The largest post office branches are the Airport (APO), General Post Office downtown (GPO) and Seven Mile Beach (SMB), but there are also post offices in Savannah, Bodden Town, North Side, East End, Hell and West Bay. The GPO is open from 8.15am-5pm Monday-Friday, and all other post offices are open from 8.30am-5pm MondayFriday, except for the APO, which is open from 7.15am-6.30pm Monday-Friday until further notice. For more information, email cipscustomercare@gov.ky. Some offices are open on Saturdays from 9am-12.30pm (including the APO), except for the post offices in Hell, Bodden Town, North Side and East End, which are closed on weekends. International mail services have been impacted by COVID-19 restrictions, but this should improve as airline transportation links resume worldwide.


L I V I N G I N C AY M A N

15

> UK and South America: CI$0.80 per

Private Mailbox Services

A reliable and efficient package forwarding

half ounce. > Asia, South Africa and Australia: CI$1 per half ounce. There is also a ‘printed matter only’ rate available for overseas mail. Mail is dispatched daily, but must be in the mailbox by 3pm. The Post Office also offers an Express Mail Service (EMS) which delivers packages to over 140 countries. Call (345) 949 6777 for more information. All incoming parcels are subject to duty and you will receive a notice in your mailbox when a parcel has arrived. If you prefer, you can request that the notice be sent to you by email by sending the tracking number and invoice to parcelpost@gov.ky. The CIPS normally delivers trackable items to street addresses for an additional fee. However, due to complications of COVID-19, this service has been temporarily suspended and all mail is being delivered to the addressee’s post office box. For more information, visit www.caymanpost.gov.ky. An example of the correct way to address mail or a parcel to Cayman is listed below. It is a requirement that a PO Box number and a postal code is always used on a letter mailed to the Cayman Islands, unless coming by courier. Do not write George Town on the envelope, as there are dozens of ‘George Towns’ and ‘Georgetowns’ around the world. Address as follows:

Mail Boxes Etc.

service for shopping online. Provides you with

Market Street, Camana Bay

a US address to receive packages and have

Tel: (345) 745 1400

them forwarded to the Cayman Islands. Also

Email: info@mbe.ky or www.mbe.ky

provides a customs clearance and brokerage

Services include: Virtual mailboxes to view and

service. Their prices are also very affordable,

manage your postal mail with a mobile app or

with rates starting at just CI$16 per package.

Physical mailboxes with key-access located

SE E AD T H I S PAG E

EZShip Cayman Ltd.

posters. They are also the only company on

Mr. Cayman Resident

90B Godfrey Nixon Way, GT

Island that does foil and embossing.

PO Box 31403

Tel: (345) 640 0900

SE E AD PAG E S 45 & 77

Grand Cayman KY1-1206

Email: info@ezshipcayman.ky

CAYMAN ISLANDS

www.ezshipcayman.ky

in-store, (both with a local Cayman street address). Also offered are mail forwarding,

DHL International (Cayman) Ltd.

packing, and shipping and a US address service

131 Warehouse Centre, Maclendon Drive, GT

- useful for imports and online shopping.

Tel: (345) 949 8575

They also offer passport photos and printing,

Provides next-day delivery service by air.

copying binding, and laminating services.

Online booking and tracking available.

They are an authorised shipping centre for DHL, FedEx and UPS, and also offer full postal

FedEx Express

services. Open from Monday-Friday 9am-

Tel: (345) 949 5911

6pm and Saturday from 9am-5pm. UPS (United Parcel Service)

Courier Services International courier services to and from the Island are also very reliable. A CI$2 government tax is charged on all packages leaving via courier. When packages arrive, a CI$5 package tax and a CI$5 warehouse fee are applied. Some couriers may also charge a CI$8 clearance fee.

Tel: (345) 749 8771

Printing & Copying Cayman Business Machines, PBS Group 49 Hospital Road, George Town Tel: (345) 949 8642 Compass Media 319 Shedden Road, George Town

Express Mail Service (EMS)

Tel: (345) 949 5111

Tel: (345) 945 6777

www.caymancompass.com

A cost effective way to ship parcels through

Email: printshop@compassmedia.ky

the local post office.

Their Print Shop produces promotional materials, from flyers to calendars and

Mail Boxes Etc. Market Street, Camana Bay Tel: (345) 745 1400

prices start at just $16 per package up to 1 cubic ft. add'l $5 per cubic ft.

1. sign up for FREE 2. shop & ship to our Miami address 3. we ship to Cayman 4. pay, collect, enjoy www.ezshipcayman.ky 218

CAYMANRESIDENT 2022

@ezShipCayman

»

345.640.0900

Email: info@mbe.ky or www.mbe.ky A one-stop shop for printing services, including digital colour and black and white copies, binding, laminating, etc. They print business cards, brochures, flyers, invitations, plus more. They also do passport photos, are an authorised shipping centre for DHL, FedEx and UPS and rent out physical and virtual mailboxes.


Purchasing Overseas All residents and visitors must declare anything new they are bringing in if they exceed the CI$500 goods allowance, or the alcohol and tobacco quotas. Unfortunately, a lot of online retailers do not ship to Cayman, and if they do, shipping costs will be high. Most banks on-Island allow you to add an additional billing address to your card, which lets you shop at online retailers that do not accept Cayman addresses. Contact any of the companies listed below for their rates. They can provide you with an address in the US to forward the package to Cayman.

climate-controlled units are also very secure,

specialising in property and warehouse

with state-of-the-art security. Prices start at

management services. Completed projects

CI$70 a month. SE E AD T H I S PAG E

include

Centennial

Towers,

Countryside

Shopping Village, Kingbird I & II, Barcadere I Heritage Holdings Ltd.

& II and Universal Warehouse Parks, with the

Barcadere, Kingbird and Universal

brand new Blue Lagoon Warehouse being

Warehouse Parks

completed in 2022. Their Warehouses are

Tel: (345) 936 3343

well managed, have 24-hour surveillance, and

Email: sales@heritageholdings.ky

are available in a wide range of sizes. Contact

www.warehousespace.ky

them for pricing and opportunities on rental

Heritage Holdings Ltd. is one of Cayman’s

and sales opportunities for these prime new

leading

warehouse spaces in Grand Cayman.

commercial

developers,

also

CICA Tel: (345) 949 2350 EZShip Cayman Ltd. Tel: (345) 640 0900

15

Mail Boxes Etc. Tel: (345) 745 1400 Miracle Brokers Tel: (345) 949 5989 Seaboard Marine Tel: (345) 949 4977 Sta-Mar Enterprises Tel: (345) 949 2399

No. 1 Shoe Shop

L I V I N G I N C AY M A N

Shoe Repair

Internal and Traditional Drive-up storage available. Island’s best solution for short and long term storage!

Tel: (345) 949 5595

Storage Units & Warehouse Space The companies listed below have multiple fully-managed warehouses. Box Buddies Tel: (345) 526 2697 Email: info@boxbuddies.ky Mini Warehouse 2 Ltd. 246A Industrial Park, George Town PO Box 11637 APO Grand Cayman, KY1-1009 Tel: (345) 949 7750 Email:miniwarehouse2info@candw.ky www.miniwarehouse2.ky Mini Warehouse 2 Ltd. has over 30 years of experience serving people and businesses of the Cayman Islands, helping keep their belongings safe. Their three locations (one in Industrial Park and two opposite the Strand Shopping Centre on West Bay Road) offer short-term and long-term storage options with climate and non-climate-controlled units (in sizes from 5’ x 5’ to 10’ x 20’). Their

»

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219


Being

Green

Photos courtesy of Design Cayman, Guy Waller and Julie Corsetti

Ways to live a greener lifestyle at home and at work, including how to recycle and what’s happening with Cayman’s waste management.

16

BEING GREEN

Being Green in Cayman 221 Waste Management in Cayman - The Landfill Site & Project ReGen

2 21 221

Sustainable Eating

222

At Work 224

220

At Home - Reduce, Reuse, Recycle & Refuse - Recycling

224 224 224

Recycling Locations

225

When Building

226

Powering your Home - Solar Power & Solar Power Storage - Home Energy Storage - Solar Farms & Geothermal Systems

226 228 228 229

Swimming Pools

229

Get Involved in the Green Community

229

CAYMANRESIDENT 2022

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O

ver the past few years, Cayman residents have begun to express a real concern towards our environment. We have seen Caymanians make a significant shift towards thinking in more eco-friendly ways, where sustainability and environmental vulnerability now takes precedence over convenience and efficiency that creates endless amounts of waste. This new change of heart may have been due to hidden environmental damages now becoming visible to everyone, such as the height of ‘Mount Trashmore’. Perhaps it is this frustration towards failed recycling strategies, overdevelopment, unfulfilled sustainability promises, ignorance around the value of mangroves, the lack of climate change awareness and more, that has led locals and residents alike to feel a sense of environmental urgency in 2022. The Global Conservation Collective In July 2021, a group of global conservationists, The Conservation Collective (CC), turned their attention towards environmental protection of the Cayman Islands. Founder, Ben Goldsmith, acknowledged that only 3% of donated funds from local organisations are directly given to environmental causes in Cayman. The CC is currently seeking methods of raising funds from individuals and businesses who have a dedicated interest in improving and overhauling the state of Cayman’s environment in a positive way. They have offered to help coordinate the creation of new, local foundations to raise funds, particularly for protection and conservation efforts, such as preserving the mangroves. They’re aiming for $100,000 worth of ‘donor commitments’ by early 2022, with 12 funds currently in their network that donate towards


what they deem ‘effective’ grassroots environmental initiatives. We hope their intervention empowers and strengthens the environmental strategies already present in our local community, so that they can have a much greater impact.

Another ever-present problem is the issue of littering. Residents are reminded that under the Cayman Islands Litter Act (1982), anyone caught littering is subject to a CI$500 fine or six months imprisonment. We encourage all residents to take part in community clean-ups. If you have a dog, take a plastic bag with you and pick up rubbish when you walk them. Alternatively, get involved with Plastic Free Cayman and their monthly beach clean-ups, which are well publicised and show just how much plastic and other rubbish washes up on Cayman's beaches. If you are looking for more information on how to limit the waste you produce and further your knowledge on Cayman's environmental state, the student organisation Protect Our Future draws attention to such issues in a comprehensive way. Visit www.protectourfuture-eco.com to get involved in making a change in Cayman's ecosystem.

WASTE MANAGEMENT IN CAYMAN

Present & Future of the Landfill Site As aforementioned, one of the most pressing environmental issues for the community is the George Town landfill site, a government facility that manages the waste residents and businesses on the Islands produce. The 90ft mound can be seen from offshore and is visible to locals, residents and visitors every day. It is evidence of the waste-legacy of many generations. The proposed plan to tackle Cayman’s ever-growing landfill site is to create a comprehensive Integrated Solid Waste Management System (ISWMS) as a public-private partnership. It will include a new landfill that will be properly lined,

and all incinerated waste will be disposed of correctly in the small, controlled site. Government is hoping that this will be a final successful attempt at 'fixing the dump', which has been promised for decades. Operations will be split between the Department of Environmental Health (DEH) and a private consortium of companies, led by DART Enterprises. Together they will take over responsibility for the treatment of all waste management at a new site adjacent to the George Town landfill for the next 25 years. Once completed, the project will not only turn the George Town landfill site into a remediated green space, it will also see the construction of a new waste management facility located in a 34 acre area immediately south-west of the landfill, which will manage all recyclable and non-recyclable waste for Grand Cayman, Cayman Brac and Little Cayman. Project ReGen As of March 2021, work on the Integrated Solid Waste Management System (ISWMS, rebranded as ‘Project ReGen’) began. ReGen is projected to take three and a half years to complete. Works on the new ISWMS will be constructed between 20222024. The ReGen project hopes to create a long-term, sustainable waste management solution with improved recycling, including the repurposing of materials that aren't recycled into electricity, and the promotion of movement up the 'waste hierarchy'. At an expected cost of just over CI$200 million, subsidised by DART, it is expected that nine newly created integrated facilities will have the capacity to divert up to 95% of waste from the landfill, in alignment to the National Solid Waste Management Strategy (2016). The electricity generated will be sold to the Caribbean Utilities Company (CUC), and it is estimated that this will contribute approximately 7.6 megawatts (MW) to the local grid. This translates to approximately 8% of the country’s electricity needs. At the facility’s recycling area there will be bays to collect and bale various recyclables, such as

»

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221

16

BEING GREEN

E-Waste & Landfill Fires The George Town landfill, what is happening with it and the problem of littering has again dominated conversations in 2021. Another concern surrounding the landfill, in addition to worries about the size of it, are the frequent fires caused by issues such as the improper disposal of electronic waste, also known as ‘e-waste’. E-waste are technological materials such as mobile phones, wires and batteries, that are built in obsolescent ways, meaning they cannot often be properly recycled. In January 2021, a fire broke out at the George Town landfill due to an old cell phone battery catching fire. Although thankfully this was a small surface fire, workers will have to remain vigilant to prevent more serious fires in the future. See page 225 for more information on how to properly dispose of electronics.

Being Green in Cayman Cayman is already benefitting from the environmental awareness and legislation from other countries, as larger producers take responsibility for making their products more sustainable. Concern among locals for environmental protection has also grown exponentially; over 83% of those who took part in Amplify Cayman's 2021 environmental impact survey expressed concerns that pollution in Cayman, especially in the natural environment, is not being treated by officials with the utmost importance. Yet, this change of heart, as well as the production of sustainable products, remains crucial to slowing the increasing flow of rubbish to the landfill. Whether you own or are renting a home, making environmentally-friendly choices will help preserve our beautiful Island. The Government is making efforts to shred used tyres, recycle materials and bale scrap metals so that these objects do not take up valuable space in the landfill, whilst also trying to educate both schools and the general public on the importance of home waste reduction. Nevertheless, these changes rely on the participation of Cayman’s population, and people are urged to make the attitude and lifestyle changes required in order to reduce waste, and its environmental impact.


16

number 1 and 2 plastics. The facility will also provide composting areas on all three Islands for horticulture/yard waste, and there will be a reuse centre where people can deposit functional (but unwanted) goods and furniture. There is also an educational aspect to the project: a significant amount of work needs to be done to educate the public so that current habits are changed, and more environmentally-friendly recycling practices are encouraged across the three Islands. Until then, the landfill will continue to expand laterally after the height capacity has been reached, with hopes of closing following the design, construction and commissioning of a fully up-and-running sustainable waste management system.

BEING GREEN

SUSTAINABLE EATING

A significant factor of sustainable living includes making the right choices when it comes to food. In Cayman, much of our food is imported, and a considerable amount of energy, fuel and water is used in the entire process of growing, distributing, storing and cooking our food. Although choosing local produce is a great way to offset this energy from being used, in Cayman we do not always have the option to do that. Consciously eliminating food waste, however, can have the same desired effect of indirectly slowing down global warming and deforestation. Saving food also saves money, and by reducing the amount of food that you throw away, you are also reducing packaging waste that will end up in the landfill. There are several ways to reduce food waste:

> Check your pantry and fridge before you do your grocery shopping so you know what food you already have. > Meal prepping is a great way to eliminate waste. > Learn how to store your food properly as this can help it stay fresh for longer. > If you can’t use it right now, freeze it for later!

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CAYMANRESIDENT 2022

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Choose Local While it is unlikely that Cayman will ever stop relying on imported food, the local agribusiness is flourishing. A wide variety of fresh produce can be bought at the Hamlin Stephenson Market at the Cricket Grounds next to the cricket pitch in George Town (Monday–Saturdays from 7.30am–6pm) and from the Camana Bay Farmers Market on Wednesdays. During high season the market, located on the Paseo, offers farm produce and locally created artisanal goods and runs from 10am until 7pm. In summer, the town’s harvest market is located under the solar array across from Jessie’s Juice Bar, offers farm-fresh goods from 10am to 4pm. Also, Cayman Farm & Garden (Patrick Panton) sells a variety of fresh fruit, leafy greens, vegetables, fresh chicken, eggs and seafood from his farm in Bodden Town. He is always at the Farmer's Market on Saturdays but he also has a thriving business doing home deliveries. He can also be found at the Camana Bay Farmers Market. Email: patrick.caymanfarmandgarden@gmail. com and ask to be put on his mailing list, then when you are ready to order you email him on orders.caymanfarmandgarden@ gmail.com. You can also call him on (345) 526 4231 or visit www.facebook. com/caymanfarmandgarden for more information. Bluff Farms, located in Cayman Brac, provides the finest pedigree goat breeds, raised outdoors in the most ideal environment on the Bluff. Their lean and fresh meat is readily available to purchase at an affordable price at the farm in Cayman Brac and in Grand Cayman, for delivery/in-store pick up at 209 Cannon Place. Email: sales@blufffarms.com or call (345) 926 3665. Refer to the Food & Drink chapter for more information on locally produced goods. Grow Your Own Following the success of the green iguana cull, gardens Island-wide are flourishing as they are no longer losing flowers and foliage to these pests. There is a whole range of fruit and vegetables you can grow including tomatoes, leafy greens, herbs,

eggplants, melons, bananas, mangoes and much more. The ideal growing season is November–April when it’s cooler and drier, however, you will need to water the plants regularly and look out for pests. You can pick up seeds or baby plants from any of the local nurseries, plus soil, organic pesticides and gardening tools. See the Shopping chapter for a list of garden centres. Shopping Green When grocery shopping, make sure to buy the products with the least packaging, choose glass or other alternatives to plastic, and take canvas bags instead of paying 5¢ for a plastic bag. Alternatively, shop at Hurley’s where they have ditched single-use plastic bags altogether after discovering they were distributing 800,000 a year. They now offer reusable, recyclable and biodegradable paper bags in their place. Most of the supermarkets sell organic food and some, like Kirk Market and Foster’s sell a wide selection of both locally grown and imported organic produce, as well as organic meats, frozen food, gluten-free and luxury food. On the drink-front, Flowers Bottled Water ( S E E AD PA G E 140) produces delicious, filtered, chlorine-free water that they sell in large 5-gallon bottles which you can buy in most petrol stations or have delivered directly to your home or office. You can further reduce your plastic pollution by installing a Koola bottle-less water cooler. It acts like a mini water purification plant, connecting to your building’s water supply and filtering out chlorine, lead, phosphates and bacteria. For those who like to drink beer, White Tip Lager is a joint venture with the Department of Environment and the Guy Harvey Ocean Foundation with a portion of the profits being donated to shark conservation work in Cayman’s waters. Another local brewery, 19-81 Brewing Co., produces three quality craft beers as well as other limited-edition beers produced in collaboration with local farmers. For more information see the Local and Specialty Beer section in our Food & Drink chapter.



Composting Composting – the natural biodegradation of organic materials – is a good way to recycle your leftover food and food scraps. Compost is primarily used as a fertiliser in soil, and can be useful to farmers, landscapers and nurseries. If you enjoy home gardening, making your own compost will certainly save you money on mulch and potting soil and it is a relatively easy activity to manage. Composting systems, typically described as ‘bins’, come in a variety of different sizes, but you can also make your own. A.L. Thompson’s ( S E E AD PA G E S 203, 239, 241 & 243) usually has composting bins in stock.

BEING GREEN

16

AT WORK

For the most part, work environments sit empty at night, so it is a waste of both energy and money if things are left on. Take these steps to ensure that your work environment is greener: turn off lights and air conditioning, and shut down computers before you leave at night. Set computers to energy-saving mode and don’t use screensavers – rather switch off your monitor. Eliminate unnecessary power use or ‘phantom power’ – the term used to describe the way devices use and waste electricity when they are not on – by unplugging electronics when not in use. Whilst at work, only print when necessary and print on both sides of the page when possible. Send e-cards for birthdays and special events rather than printing invitations. Collect office newspapers and take them to the Humane Society or One Dog At A Time. Stock the break room or office kitchen with reusable dishes and silverware and buy coffee, sugar and other consumables in bulk to avoid extra packaging. Cartridge Smart (Tel: (345) 323 4313), a subsidiary of JUNK Cayman, will recycle and refill any printer cartridges, from small personal printers to large professional copiers. E-Waste Cayman Islands Ltd. Electronic Recycling (Tel: (345) 916 6764 or (345) 325 5033) collects most old electronic equipment and recycles it in an environmentally-friendly way.Customers 224

CAYMANRESIDENT 2022

»

can schedule an appointment to collect electronic waste on their website, www.ewaste.ky. They also offer a free pick-up service for most old electronic equipment. Kirk Office ( S E E AD PA G E 78) (Tel: (345) 623 5475) sells an array of FSC certified paper and recycled products in addition to a range of Energy Star certified electronics. They also accept your used batteries, ink and toner cartridges for recycling. Kirk Office also accepts old computers, printers and photocopiers for recycling. Encourage your employers to install JUNK (Tel: (345) 325 5865) 'Recycling Made Easy' recycling bins at your office. JUNK will assist you to install a programme that is tailor-made for every workplace, large or small. If your office has regular suppliers, check for sustainability. AT HOME

Whether you own or are renting a home, making environmentally-friendly choices will help preserve our beautiful Island. Reduce, Reuse, Recycle & Refuse The George Town landfill on Grand Cayman, known to some residents as 'Mount Trashmore', has started to undergo restoration and remediation as of this year. It is estimated that 2,000 tons of solid waste is added to the landfill each week. With each resident in Cayman adding around 2,775lbs of waste to the landfill each year, it is essential that we all strive to reduce, recycle, refuse, and reuse our waste. All the major supermarkets on the Island now sell reusable woven shopping bags and charge 5¢ per plastic bag. They still offer plastic produce bags in the fruit and vegetable aisles and these are ending up in the landfill by the thousands. Refuse Styrofoam – it cannot be recycled and is one of the biggest culprits of ocean pollution. Say no to single-use plastics, such as shopping bags, plastic produce bags, plastic straws, utensils, and disposable coffee cups. Buy mesh produce bags for fruit and vegetable purchases, reusable coffee cups and glass or stainless steel straws. Reusable straws

are available at Bon Vivant, Jessie’s Juice Bar, Foster’s and Kirk Home Centre. Reducing the amount of waste we personally generate ultimately reduces the amount of waste we send to the landfill. Recycling Recycling benefits the environment in a number of different ways. It reduces the amount of waste that is sent to landfills and conserves natural resources (such as water, timber and minerals). There are currently eight recycling depots across Grand Cayman; five of which are located at the Island’s major supermarkets. In 2021, Grand Harbour decided to close its recycling depot; however the DEH have now opened a depot at the BarCam Service Station in Red Bay, to serve the residents of the Prospect area. After recyclables are placed in the multi-coloured bins at any of the eight depots across the island it is then taken to the DEH recycling centre at the George Town landfill. Once the recycling has been separated and baled it then goes on a transatlantic trek to its final destination in Florida, where it is distributed to various waste processing facilities. Remember to wash items before depositing as contents can contaminate the entire recycling bin. Labels and caps must also be removed from bottles as often these cannot be recycled. It is essential that no additional waste items are disposed of in recycling bins as they contaminate the recyclables and could cause them to be landfilled. Residents can recycle the following items at each of these locations: a) paper and cardboard, b) clean metal food cans (steel and aluminium), c) glass bottles and glass containers and; d) PET/ PETE and HDPE plastics (Numbers 1 and 2). Be sure to check the bottom of containers for codes such as PET, PETE and HDPE or the 1 and 2 symbols. Read the signs at each depot and follow the instructions carefully. Remember to separate your waste at the source. Make sure everything has been rinsed out and is clean, and don’t put plastic wrappers, plastic bags and cling wrap in with the


homes in Cayman have. Foster’s and Kirk Market lead the market in supplying safe cleaning products.

RECYCLING LOCATIONS: ALUMINIUM CANS GLASS CONTAINERS

Top Tips for Being Green Small choices can make a difference, so here are some ways you can reduce your impact on the environment:

> > > > > > > > > > > >

PLASTIC (NO. 1 AND 2) MIXED PAPER & CARDBOARD

❑ Camana Bay Recycling Centre ❑ All Foster’s locations ❑ Kirk Market ❑ Some public and private schools ❑ Government Administration Building ❑ North Side Civic Centre, North Side ❑ George Dixon Public Park, East End ❑ BarCam Service Station, Prospect ❑ All five district parks

Purchase reusable bags to take with you to the grocery store Purchase food and cleaning items in bulk Buy glass food containers and reuse them Invest in high-quality, long-lasting products Take your own reusable containers when you get takeaway food Use your own reusable cups for your daily coffee or smoothie Avoid disposable cutlery

❑ Lead acid car batteries: Drop off at the

Avoid toiletries that contain microbeads

DEH Landfill, garages or retailers

Swap to non-plastic alternatives e.g. a

❑ Small household batteries: place in the

bamboo toothbrush or a moon cup

blue tubes at Foster’s, Cost-U-Less, some public businesses and condos

Avoid products with palm oil Drink Flowers Bottled Water or tap water,

❑ Rechargeable batteries (computer,

which is perfectly safe, and use refillable

camera and cell phone batteries): drop off at Funky Tangs or BrandSource for shipment to the US for recycling

bottles. Consider installing a ‘City Water Department of Environmental Health (DEH)

Filter’ from www.ionfaucet.com to remove

Tel: (345) 949 6696 www.deh.gov.ky The DEH oversees all of the Islands recycling. Other services that DEH provide include management of food hygiene and safety, district sanitation and rodent control, engineering and developmental control, solid and hazardous wastes including waste collection, recycling and disposal and public education and promotion

> > > >

programmes. S EE AD PA G E 223

>

Cleaning Products Environmentally friendly cleaning products are becoming more common in Cayman’s stores. These green products clean just as well as their harsh chemicalladen counterparts, but are made entirely out of natural ingredients which are nontoxic, free of phosphates, fillers, fragrance, chlorine, dyes and NPE. They are not tested on animals, nor do they contain animal additives. Another added benefit of these green products is that they are far better for the septic tank systems that most

> >

the chlorine from tap water

ELECTRONIC WASTE

Be mindful of water usage and install a ‘low

❑ Deliver to the DEH landfill public

flow’ shower head to save water

machine when you have a full load

dropoff, call Recycling Services (Tel: (345) 547 6654), JUNK Removal and Recycling (Tel: (345) 325 5865) or E-Waste Cayman Islands Ltd. (Tel: (345) 916 6764) for stripping and

Set the A/C thermostat at the highest

recycling in the US

Use a drying rack or clothesline to dry clothes, rather than a dryer Only use the dishwasher and washing

temperature you feel comfortable with

BOOKS & OLD CLOTHING

Conserve energy by turning off lights, fans

❑ Drop off at the Humane Society, One

and electronic equipment when not in use

Dog at a Time, the Red Cross, the New To You Bargain Shop or BLESSED

Use rechargeable batteries Recycle newspapers and towels by taking them to the Humane Society and donate

> > > > >

16

BATTERIES

Choose eco-friendly cleaning products

VEGETABLE & YARD WASTE

magazines to the hospital

❑ Drop off at DEH landfill (they will mulch

Recycle old printers and laptops by donating

it) or start your own compost

them to schools or charities

VEHICLE TYRES & OIL

Return clothes hangers to dry cleaners Take second-hand clothes to the Humane

❑ Drop off at DEH landfill

Society, One Dog At A Time or the Red Cross

Residents can also deposit recyclable items at the 24-hour drop-off site located at the front of the George Town landfill. There is no fee for this service and assistance is provided during regular business hours.

Share rides, use public transportation, walk or cycle when possible Compost where possible

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BEING GREEN

Numbers 1 and 2 plastics. Recyclables in Cayman Brac and Little Cayman are safely stored at their respective landfills until arrangements are made for shipping to Grand Cayman for further processing. As mentioned previously you can also get JUNK to help make your recycling easier. From as little as CI$50 per month, Junk collects recyclables – numbers 1 and 2 plastics, cardboard, glass, aluminium and tin cans – every week, from your home or office. Junk also does single event recycling and offer stackable bins, mainly for residential and small business use and larger bins that are used externally for larger recycling needs. Contact JUNK on (345) 925 4374, email: info@junk.ky, Operations (345) 325 5865 or manager@junk.ky. If you have old electronic equipment, such as computers, keyboards, and cables, E-Waste Cayman Islands Ltd. (Tel: (345) 916 6764) will collect them and recycle it. Fees to collect electronic waste range from USD$45 to USD$175, depending on the nature of collection.


Being a Green Family In order for your kids to value the importance of recycling, you must lead by example. The more fired-up you are about recycling, the more interested they will likely be about participating. Kids should feel recycling is an exciting way to help protect the Earth! If you plan on making recycling a regular chore for your kids, incentivise it by rewarding them with fun activities such as trips to the beach or park. Take some time when you visit the beach to pick up some trash and help keep Cayman looking beautiful.

certification programme for homes – is available, thanks to local company GreenTech Group. If you are thinking about designing and building a green home, consider the following steps:

www.flowersgroup.com

1) Find a design-builder who has proven

components and custom shapes and signs.

experience with green homes in Cayman; 2) Use key building products like Insulated Concrete Forms (ICF) such as Fox Blocks which are manufactured here locally, Spray Foam Insulation, low VOCs materials and finishes, Impact/Insulated windows, Watersense rated plumbing and Energy Star rated appliances; 3) Own your own energy. With the growing

BEING GREEN

16

Household Appliances The most environmentally friendly fuel source available in the Cayman Islands is propane. Home Gas (all three Islands) and Clean Gas (Grand Cayman only) are the two providers available. Both offer installation, service and delivery, whether residential or commercial. They work with their customers throughout the whole process of designing, installing and maintaining a propane system. Both companies can also offer propane and product guidance for any and all indoor and outside appliances.

demand for alternative energy sources, utilise

solar

energy

in

your

home

from companies like GreenTech Solar. Alternatively, try a geothermal cooling system.

Companies

like

GeoCayman

can help you cool your home much more efficiently than traditional air conditioning systems – saving you substantial energy and money. See page 229 for more information.

Please also refer to the Building a Home chapter for more information. Design (Cayman) Limited 125 Owen Roberts Drive, Breezy Castle

Dry Cleaning When you need dry cleaning done on Grand Cayman, Island Cleaners (Tel: (345) 949 5391) and Puritan Cleaners (Tel: (345) 949 7104) are both eco-friendly companies that use environmentally safe dry cleaning products, recycle hangers and offers a same day service, if needed. Fluff ‘N’ Fold (Tel: (345) 943 5833) in Camana Bay also uses energy-efficient equipment, non-toxic chemicals and recycling programmes to reduce their impact on the environment.

Tel: (345) 949 2800 Email: info@design-cayman.ky www.design-cayman.ky At Design (Cayman) Limited, their team knows: 'The Art of Building', a focus that enables clients to feel deeply understood, leading to projects that deliver beyond expectations and to truly bring satisfaction and joy. Serving Cayman for 14 years as leaders in innovative and green design and building, Design Cayman services Management,

Development

and

Master

Additions and Architect Led, Design, Manage

Innovative geothermal and solar technologies are now available in Cayman and are being integrated into residential and commercial properties. In addition, Cayman is one of the countries outside of the USA where LEED – a green building 226

CAYMANRESIDENT 2022

»

Flowers Group supplies state-of-the-art, locally

manufactured

building

products

including Insulated Concrete Forms (ICF), foam flat sheets, steel stud and tracks, architectural S EE AD PA G E 255

POWERING YOUR HOME

Fossil fuel costs to power our homes will only continue to rise as supplies dwindle worldwide. Electricity is already costly in the Cayman Islands, and as small Caribbean countries don’t have the bargaining power of larger countries, they will be the hardest hit as oil reserves become more limited. Cayman’s goal of obtaining 25% of its power from renewable resources by 2025 has raised discussion for alternative ways of doing this. Wind turbines measuring 300ft have been considered but face problems with height restrictions of 250ft anywhere within a 10 mile radius of the airport. There are also concerns that their height would interfere with Cayman’s Doppler radar station. While solar power remains a trusted option for renewable energy, with rising fuel prices and increasing air conditioning costs, interest in geothermal energy cooling systems is also on the rise. Other renewable energy sources proposed include the use of Ocean Thermal Energy Conversion Technology (OTEC). However, concerns surrounding the ocean thermal energy plant (such as it was not yet commercially proven or financially feasible) led to a halt in the project progressing.

include: Architecture, Interior Design, Project Planning, Virtual Design, Renovations and

WHEN BUILDING

The Flowers Foam Products division of the

and Build). S EE AD PA G E 252 Flowers Group 184 Seymour Road, Industrial Park Tel: (345) 623 0000 Email: customerservice@flowersgroup.com

Solar Power Significant improvements are being made in the solar energy industry every year and Cayman is the perfect location to harness the power of the sun. Solar energy can be harvested in two ways: solar photovoltaic (PV), which converts sunlight into electricity and solar thermal, which heats water. The initial costs of purchasing these



systems are significant and currently the Government does not offer subsidies as an incentive. But an encouraging point to note however, is that renewable energy equipment such as solar panels are in fact duty-free for residential homeowners. Affordable Solar (Tel: (345) 546 6686) provides a wide range of services and sells energy storage systems, off-grid solar systems and solutions. Solar Power Storage Although Cayman enjoys over 300 days of sunshine, you will need to consider an alternative source of power should there be no sun. One such option is the Tesla Powerwall battery. These rechargeable lithium-ion batteries are wall mounted and can be stored either outside your home or inside your garage. Tesla Powerwall batteries can help provide financial savings by charging and storing energy. They also assure power in the event of a power outage, instead of having to use a generator.

16

BEING GREEN

Looking to save up to 60% in your cooling costs and reduce your hot water bill? Make the switch to geothermal.

Solar Grid-Tie Systems CUC has multiple renewable energy programmes. The Consumer-Owned Renewable Energy (CORE) Programme was created to purchase electricity produced via renewable energy from approved customer applicants. The Distributed Energy Resource (DER) Programme is also a programme where CUC purchases energy produced by consumer-owned renewable energy systems, the major differences being that: > CUC only purchases whatever energy is not utilised by the consumer (excess energy); and > this programme is not 'subsidised' by CORE consumers; the CORE Programme allows CORE-customers to receive 'credit' when they sell excess electricity to CUC, which is then re-exported back into the grid for them to benefit. This credit may vary based on CUC's avoided costs, such as for fuel, oil and lubricants. If such avoided costs fall, so will CORE credit amounts per kilowatt hour exported to

Geothermal systems only use the islands’ naturally cooled ground water and a small amount of electricity to generate A/C for your home, drastically reducing your non-renewable energy consumption.

Naturally Cool

Chris Creighton (345) 526 1832 Ccreighton@geocayman.ky www.geocayman.ky 228

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the grid. If prices rise, CORE consumers should expect higher credits per kilowatt hour exported to the grid. All consumer owned renewable energy programmes are dependent upon available capacity. The electricity regulator, The Utility Regulation and Competition Office (OfReg), is responsible for approving any additional capacity for all renewable programmes in the Cayman Islands. Currently, the electricity grid capacity that was allocated to the CORE Programme has been oversubscribed. OfReg states that it is currently consulting on allocating more capacity to enable the grid to accommodate more customerowned distributed generation systems. This additional capacity will be made available pending the implementation of CUC's previously approved 20 megawatt (MW) Battery Energy Storage System (BESS). For more information, visit www.cuc-cayman.com/customer-service/ renewable-energy. Home Energy Storage Systems Intelligent technology can be used to power your home if you need to be off the grid. These compact systems can be easily adaptable to your individual needs. Affordable Solar Tel: (345) 546 6686 Email: info@affordablesolar.ky www.affordablesolar.ky

Solar Farms The 5MW Solar Farm is the first commercial solar project in the Cayman Islands. It was completed and commissioned in June 2017 and is located on a 20-acre site in Bodden Town, Grand Cayman. The farm comprises 21,690 polycrystalline photovoltaic (solar) modules, each with a DC-rated capacity of 305 watts. The facility is connected to CUC’s Bodden Town Substation and provides energy to power approximately 800 homes with clean, renewable solar energy. Additional solar farms and possibly wind


Tel: (345) 949 8324 Email: info@greentechsolar.ky

GeoCayman One Capital Place, Shedden Road Tel: (345) 526 1832 Email: ccreighton@geocayman.ky www.geocayman.ky GeoCayman provides energy-efficient, lowcost Geothermal cooling solutions for both commercial and residential properties in the Cayman Islands. Visit their website to learn how you can see a reduction of up to 50% in your cooling and maintenance costs by swapping to a geothermal system. S EE AD OP P OSI T E PAG E SWIMMING POOLS

As a pool owner, there are several steps you can take to help keep your energy bills down:

> Cover it up

A pool cover will reduce heat

www.greentechsolar.ky

loss, water evaporation and chemical

GreenTech provides solar panels and storage

consumption by up to 70%. It also helps

solutions, installed by their professional team.

keep your pool clean.

Visit their website to get a quote for solar

> Think about the pump A pool filter pump

product installation and learn more about the

is the second largest consumer of energy

services that they offer.

in a home behind your A/C. If you install a two-speed, variable speed or solar

Geothermal Cooling Systems Unlike common central air conditioning systems that distribute cool air into your home through heated gas and refrigerants, geothermal cooling systems are known to have lower operational costs and last up to 10 years longer than conventional A/C. Geothermal cooling systems work by removing heat from your home and/ or workplace building, which is then transferred to your water pipe systems buried beneath your house or in the yard. The result of this is a cooling, ‘air conditioning’ type effect as a process of

powered pump, it will pay for itself very quickly with energy savings.

> Environmentally

friendly

products

Consider using a chlorine generator, which turns ordinary salt into chlorine and is kinder to the environment and your skin. Use LED lights for lighting, as they use far less energy than incandescent bulbs.

To find out more about swimming pools and how to maintain them, contact Oasis Pool & Spa (Tel: (345) 945 7665 or visit www.oasis.ky) or Pool Patrol (Tel: (345) 949 8543 or visit www.poolpatrol.ky).

GET INVOLVED IN THE GREEN COMMUNITY

For more information related to cleanup days and other green events, make sure you download the What's On Cayman app from the Apple or Google Play stores. Plastic Free Cayman The Plastic Free Cayman movement continues to grow. This not-for-profit NGO has caught the community’s attention and people are now more than ready to refuse single-use plastic bags, plastic straws, and take reusable water bottles, cups and containers with them to refill and use. Visit www.plasticfreecayman. com or email plasticfreecayman@gmail. com to learn more about the movement and ways to get involved. Earth Day Cleanup An annual event in Cayman, the Earth Day Cleanup, draws hundreds of volunteers to collect litter and debris from Cayman’s roadsides and beaches. Visit www. caymanchamber.ky to find out when the 2022 event will take place. The National Trust The National Trust for the Cayman Islands has been protecting the future of Cayman’s heritage and environment since 1987. The Trust is a not-for-profit NGO created to preserve the history and biodiversity of the Cayman Islands. The Trust runs environmental, historic and educational programmes including the Mission House, Blue Iguana Conservation, guided nature walks of the Mastic Trail and volunteer projects. Being a member allows you access to voting privileges at general meetings. Other perks include priority booking on local tours, discounts on local Trust events, and much more. For more information contact membership@nationaltrust.org. ky or visit www.nationaltrust.org.ky/getinvolved/become-a-member/.

THE

GreenTech Solar

removing heat from the circulated air, transferring that heat back to your water systems in the ground, and then returning the newly cooled air back into your home. In 2013, the NCB Group launched GeoCayman as an exclusive dealer of GeoComfort Geothermal systems. If you are looking to save on cooling costs by swapping to an energy-efficient system with a longer lifespan, GeoCayman can help.

Tell them you saw it in the

»

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BEING GREEN

farms in the Cayman Islands would lessen our dependency on fossil fuels and decrease the $153 million we spend on importing diesel fuel each year. CUC’s Integrated Resource Plan (IRP), approved in early 2019, calls for new technologies to be introduced, including significant amounts of solar and wind power and the procurement of natural gases. Other technologies considered include the conversion of existing generating units to operate as dual fuel engines, the deployment of appropriate amounts of energy storage, and the integration of a municipal solid waste-toenergy plant. The IRP dovetails with the National Energy Policy (NEP) and will give shape to the energy generation plans for Grand Cayman over the next 30 years. However, both the IRP and NEP call for a significant increase in renewable energy projects over the next 10 years. If you are interested in swapping to renewable energy sources or installing solar panels in your home, the following company can help:


Home Improvements

H O M E I M P R OV E M E N T S

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Home Improvements - Make A Return On Your Investment

230 230

Before You Begin

232

Construction Management

234

Interior Designers

234

Indoor Improvements - Kitchens - Bathrooms - Colours & Accessories - Doors & Windows - Curtains, Draperies & Blinds - Flooring, Tile & Carpet - Home Automation & Electronics - Painting & Roofing Contractors

238 238 238 240 240 241 241 242 243

Outdoor Living & Gardens - Landscapers - Garden Trends

244 244 244

Swimming Pools - Pool Safety For Kids

245 245

Four key questions to ask yourself before renovating: 1. Is the project a good investment? 2. How will the project impact your home’s appraised value? 3. How long do you plan to be in your home? 4. How strong is the resale market in your neighbourhood?

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Photos courtesy of Living.ky

Home renovation tips, suggestions for interior designers, kitchen, bathroom, flooring, doors, windows, swimming pool installers and more.

HOME IMPROVEMENTS

Improving the exterior and interior of your home on a regular basis is essential for maintaining its well-being over time and can also add value if you plan on selling it in the future. Alternatively, renovating a home can simply be about your desire to stay in step with modern aesthetics. Whether it is a simple, do-it-yourself project or a full-scale renovation, the Island’s impressive selection of professional craftspeople, contractors and homeware stores can help bring your vision to reality. Make a Return on Your Investment The kitchen and bathroom(s) are two rooms you must examine carefully when you first look at a home. These rooms are usually the costliest to remodel, but they are far more likely to pay for themselves if you ever choose to sell your house. You can typically recover up to 80% of your investment when you spend your money on an upgrade to your kitchen or bathroom. However, not all remodelling projects yield a return. Swimming pools, for instance, come with an expensive installation fee and on-going maintenance costs that can quickly add up. In a warm climate like Cayman, pools can increase your home’s resale value – but only marginally and you likely won’t make a return on overall investment. Remember that a home improvement project need not be costly, as this does not always equate to value added. Often it is the minor upgrades that are not only the most effective in improving the appearance of your home but producing greater dividends in the long run. Instead of overhauling your entire kitchen, you could repaint the walls, change the backsplash and upgrade a few appliances to give


LIVING.KY FURNISHING DREAMS LIVING.KY’S DESIGN EXPERTS ARE READY TO HELP YOU ENVISION AND CREATE A WONDERFUL SPACE WITH OUR COMPLIMENTARY INTERIOR DESIGN SERVICES. AS PART OF OUR CUSTOM FURNITURE PACKAGES, OUR INTERIOR DESIGNERS DEVELOP DIGITAL FLOOR PLANS AND PRODUCT VISUALIZATIONS TO BRING YOUR VISION TO LIFE. WE PRESENT PACKAGE OPTIONS AT VARYING PRICEPOINTS, HELPING YOU TO TRANSFORM YOUR HOME WITH A PROFESSIONAL, PERSONAL TOUCH. ON DELIVERY DAY, ENJOY THE EASE OF

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FREE DELIVERY AND INSTALLATION SO YOUR SPACE IS READY FOR LIVING. • • •

H O M E I M P R OV E M E N T S

24 PASADORA PLACE, SMITH ROAD GEORGE TOWN, GRAND CAYMAN WWW.LIVING.KY (345) 233-8700

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www. c a y m a n r e s i d e n t . c o m

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the room a fresh new look. When considering what the result of your home improvement project will look like, give strong consideration to how long you intend to be in your home. If it is not going to be for the long-term, it may be wise to avoid spending a great deal of money on trendy or unusual design schemes.

>

BEFORE YOU BEGIN

>

Create Your Vision - Do your research and

draw on many sources for inspiration. Use traditional interior design magazines and TV shows, or websites such as Pinterest and Houzz, which are home to thousands of interior design ideas, interior designers, and trades people who will often showcase their portfolios. You can also create vision boards; a great tool if you’re working with an interior designer, as they help you to understand each other’s vision. When improving a room, you need to think about the space as a whole, rather than focusing on individual items you

H O M E I M P R OV E M E N T S

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>

like. You may like a light fixture you saw on holiday, the blinds you saw in a magazine or be nostalgic for granny’s old side table, but you must ensure that whatever you do is harmonised with existing design elements in your home. Have a Plan - A common mistake made by homeowners is to walk blindly into projects without doing some strategic thinking beforehand, particularly about how you plan to pay for the remodel, new furniture or fixtures. First and foremost, you must have an appropriate plan of action, which should include either a written scope of the proposed project or, for more complex projects, a set of drawings that include a detailed construction schedule, providing a clear visual representation of the works required and the estimated time and money needed to complete them. Get it in Writing - Proceeding on home updates without having an adequate written agreement in place with your contractor or project manager leaves

>

>

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both the scope and the quality of the work open for interpretation by them and/or the subcontractor(s). This is a guaranteed recipe for disappointment and even disaster! In addition, all of the participating parties need to have a clear and comprehensive understanding of precisely what is going to be involved. Decide what will add the most value for the dollars spent (as it is possible to cut costs without necessarily having to cut corners), determine what order the updates should take place in, and finally assume the worst-case scenario for how much the final cost might turn out to be. Manage Your Costs - The more detailed the information is about what you desire, the more accurate your cost projections will be. However, it is still important that you have a healthy margin of overage in place for any potential cost overruns or unexpected expenses. One easy way to keep your project in check is to banish the words ‘while you’re at it’ from your vocabulary during the course of the project. It is an all-too-common mistake that can act as a slippery slope to budgetary woes. Stick to your original plan and avoid any unnecessary impulse additions! Trends vs. Timelessness - As Cayman is a transient place, consider how long you plan on living in your current home. If it is five years or less, think about styles that will help increase your resale value rather than a personalised style that may put buyers off. Or simply go for cosmetic enhancements rather than large structural projects. If it is 10 years or more, consider adopting a classic style or design that won’t date. You should also always think about longterm personal changes, such as whether you’ll be having children, and how that fits with your design aesthetic. Older houses and condominiums in Cayman reflect the various architectural and interior design styles that were popular at the time of construction. Design styles have evolved dramatically through


Island Living . Island Style www.designstudio.ky

@realestate.and.lifestyle @designstudiointeriors

CAYMAN ISLANDS

TURKS AND CAICOS ISLANDS

Camana Bay

Regent Village

www.designstudio.ky info@designstudio.ky

INTERIOR DESIGN . FURNISHINGS . OUTDOOR HOME DECOR . UPHOLSTERY . LIGHTING . RUGS . ACCESSORIES


H O M E I M P R OV E M E N T S

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>

the years and today’s homeowner wants a chic, elegant, open-house plan full of natural light and space. Remodelling a dated residence can easily bring that vision to life. Finding ways to assess a renovation and maximise the property’s true potential via creative and affordable options is where the value of the right contractor’s knowledge and experience can really come into play. Separate and distinct rooms continue to be replaced by open-concept rooms, combining kitchens and family rooms as a shared social space with plenty of room to do everything from homework to entertaining. Simplification of design, by way of cleaner lines and more natural and timeless elements, such as wood and stone, as well as the modern reflective elements of steel and glass, have also become popular incorporations into the contemporary remodelling scheme. Be Green - Green living has made its way firmly into home construction as

consumers continue to become more aware of the long-term savings and other positive implications associated with an energy efficient approach. Logical additions to current green Caribbean design and retrofit remodelling schemes incorporate energy-efficient low emittance windows, smart glass (also known as electrochromic glass), cool roofs that reflect the sunlight away, solar energy generation, LED lighting, rainwater harvesting tanks and cisterns, greywater systems, tankless water heaters, permeable pavers, drought-tolerant and native plants, no or low-mow grasses and use of reclaimed wood for remodelling and new building. Learn more by chatting to one of the experts listed in the Being Green chapter. CONSTRUCTION MANAGEMENT

If your renovation project requires any structural, framing, demolition or remodelling work, then you may want

PASSIONATE ABOUT DESIGN

Over 30 years experience of providing quality cabinetry, design and installation. 345 947 6780 l pooleycabinets.com l 17 Marina Drive, Prospect

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to consider employing a construction manager. An experienced construction manager will be able to offer advice on how to improve the layout of a room or home and make the most of a space. They will also be able to advise on the best materials for your project in terms of both sustainability and on-going maintenance to ensure that the renovation lasts and retains its value. For a complete list of construction management companies, see the Building in Cayman chapter. INTERIOR DESIGNERS

Hiring an interior designer doesn’t have to be an expensive luxury. More often than not, a good interior designer will save you money in the long run, especially if you’re new to decorating and renovating. Just some of the benefits of hiring an interior designer are: > Training and Experience − A designer can take the reins on the project, will foresee problems and ensure everything is done on time, on budget and as per your vision. Even if you can’t hire a designer for the whole project, consider having a consultation with one. > Creativity − While you may think you know your likes and dislikes, an educated, skilled designer knows what questions to ask and what to look for in a client’s life story to glean details about personal tastes that can be used to create your dream. > Established relationships − Designers have close working relationships with subcontractors on-Island. They’ll know who is right for your project and who will offer the best value for your money. > Importing Furniture − They can coordinate deliveries and budget accurately for shipping, duty and other miscellaneous costs so there are no surprises. Also a designer will know which vendors are the most reliable. > Space Planning − A designer can help choose correctly proportioned furniture for your space. This is particularly important when ordering furniture from overseas that cannot be easily


scan this code to view in stock catalog with scan this code to view WhatsApp chat in stock catalog with WhatsApp chat


returned. Some architectural firms also have in-house interior designers, as do several construction companies.

Email: info@designstudio.ky

Interior Design Group (IDG)

www.designstudio.ky and

7 Mile Shops, 215 West Bay Road, SMB

www.designstudiointeriors.shop

Tel: (345) 745 4305

Design Studio is an award-winning interior

Email: design@idgcayman.com

design firm with locations in both Turks

www.idgcayman.com

A Squared Designs

and Caicos and in the Cayman Islands. Their

IDG is a full-service interior design firm that

Tel: (786) 501 8808

scope of services include residential and

handles each project aspect from beginning to

Email: design@asquareddesignstudio.com

commercial design with retail showrooms

end using a customised approach to planning all

www.asquared.ky SE E AD PAG E 2

offering furnishings and accessories, as well as

elements – from interior layouts, kitchen and

resources for custom orders from a wide array

bathroom designs, to finish selections, molding

of international suppliers. SE E AD PAG E 233

and trim details, lighting, and furnishings. IDG

Chalmers Gibbs Architects Tel: (345) 949 2727

H O M E I M P R OV E M E N T S

17

will create a beautiful, functional space for

Email: lara.adams@chalmersgibbs.ky

Diamond Interiors

your home or business that reflects your style,

www.chalmersgibbs.ky

Tel: (345) 321 8138

whether through a complete build, renovation,

As a part of a multidisciplinary architectural

Email: info@diamondinteriorsky.com

or stylish additions. SE E AD I N SI DE F RON T COVE R

practice, their team of interior specialists

Diamond Interiors offers residential interior

provide services in corporate, hospitality,

design services. They are focused on providing

Living.ky

institutional,

custom

their clients the ease of making their home

Pasadora Place, Smith Road, George Town

residential design, both in new build and

more than what they have imagined. They

Tel: (345) 233 8700

renovation projects. SE E AD PAG E 256

offer an array of services that will meet your

Email: sales@living.ky

commercial

and

home design needs, including Space Planning,

www.living.ky

Design Studio

Home Décor, Furniture, Purveyor, New Builds,

Living.ky offers a complimentary interior

Unit 18A, 48 Market Street, Camana Bay

Renovations, Concept Planning and. Home

design service as part of their custom furniture

Tel: (345) 945 4977

Staging. SE E AD PAG E 254

packages. Their team of on-site design experts will develop digital floor plans and product visualisations to help you create your ideal space. SE E AD PAG E S 12, 231 & 253 MJM Design Studio 62 Forum Lane, Camana Bay Tel: (345) 743 4656 Email: info@mjmdesignstudio.com www.mjmdesignstudio.com For MJM Design Studio creating INSPIRING & functional spaces to live, work, play and grow in is the essence of architecture and design. The firm’s timeless, elegant designs are influenced by fundamental design principles which adapt to simple and clean modern ideals. SE E AD PAG E 254

Trio Architecture Tel: (345) 525 0777 Email: mike@trioarchitects.com www.trioarchitects.com Services include: architecture, interior design, engineering,

schematic

and

conceptual

design, construction administration, and more. SE E AD PAG E 251

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EDIE’S LIVE LIFE BEAUTIFULLY

64 Eastern Ave, George Town, Cayman Islands

+1 345-949-6348

info@edies.ky

edies.ky


INDOOR IMPROVEMENTS

H O M E I M P R OV E M E N T S

17

Kitchens Kitchens are an important feature of the home. A property with an old, dated kitchen is usually harder to sell and may even decrease the property’s overall value. Even if you do not plan on selling your home, modern kitchens are more functional than old-fashioned ones. As the kitchen is often the heart of the home, the trend of a ‘social kitchen’, characterised by an open plan space and generally a large kitchen island, is set to continue. If a complete remodel isn’t in your budget, consider improvements such as a new countertop or replacing the tiling or backsplash for an easier and less costly facelift. A neutral colour palette continues to be the colour of choice for contemporary kitchens. They can brighten up the room, make it appear larger, and will also suit most people’s taste should you decide to sell. If you find neutrals a bit flat, then you can always add splashes of colour

with accessories such as brightly coloured dishware or colourful light fixtures. The options for counter surfaces have greatly increased in recent years. Marble, concrete, quartz, stainless steel and even wood countertops can create a stunning effect. Clean and classic ‘subway tile’ or mirrored and metallic finishes are popular options for backsplashes. Using green products such as reclaimed wood, recycled glass and handmade products is very popular and kinder to the environment when compared to some mass-produced products. See the Bathroom & Kitchen Improvements section in this chapter for providers of kitchen products. It’s also worth considering a custom-made kitchen as there are some wonderfully talented craftsmen in Cayman. See the Cabinets & Custom Millwork section below. Cabinets & Custom Millwork Martlet Design Ltd. 56 Merrendale Drive, George Town Tel: (345) 916 7583 Email: john@martletdesign.com

passionate team with years of construction, manufacturing and importing experience. Signature Cabinets is the Italian pride of the company, focused on renovation, development, Italian craftsmanship, superior quality, and customisation. SE E AD PAG E 232

Bathrooms Although functional in purpose, bathrooms also hold a lot of potential for creative design. Concrete sinks, rain showers, walk-in showers, wall-mounted toilets and faucets, and freestanding baths are all en vogue and can be designed to reflect your home’s personal aesthetic as well as needs. Innovative, built-in storage can also free up space and allow for an uncluttered look. Bringing elements of the outdoors into the bathroom is a big trend, with wood and stone proving the most popular, along with using a colour palette of neutrals and earthy tones. Accessories such as new mirrors, lighting, and even smaller ornamental changes like knobs and handles, can really transform a space and be a less costly alternative to a structural remodel.

Martlet Design specialises in crafting beautiful TRADITIONAL & CONTEMPORARY RUGS • ACCESSORIES & HOME FURNISHINGS

Bathroom & Kitchen Improvements The following companies can provide you with hardware and appliances for both your bathroom and your kitchen.

bespoke furniture and cabinets. Pooley Cabinets Design Studio 17 Marina Drive, Prospect Tel: (345) 947 6780 Email: info@pooleycabinets.com

A. L. Thompson’s

www.pooleycabinets.com

189 North Sound Road, George Town

Pooley Cabinets has provided quality cabinetry

Tel: (345) 949 8622

to clients in Cayman for over 30 years. Whether

Email: info@althompson.com

you are building your dream home or renovating

www.althompson.com

your existing kitchen, Pooley Cabinets delivers

A. L. Thompson’s houses a large bath and

a high standard of design and installation in both

kitchen gallery. They stock a wide selection of

traditional and ultra-contemporary settings.

fixtures, fittings and appliances, with brands

They offer innovative products, professional

that include Kohler, Delta, Brizo, Decolav,

design, expert installation and exceptional

Kallista,

service. SE E AD PAG E 234

KitchenAid, Avanti, Sub-Zero and Wolf.

Rubinet,

Dornbracht,

Whirlpool,

SEE AD OPPOSITE PAGE & PAGE 203, 241 & 243

Signature Cabinets GALLERIA PLAZA • 345. 943. 7847 RUGSORIENTAL@CANDW.KY WWW.RUGSORIENTAL.KY RUGSORIENTAL

RUGSORIENTAL.CAYMAN

Unit #1, 5 Paddington Place

Encompass Ltd

Tel: (345) 929 5655

The Strand, West Bay Road

Email: info@bmdteam.com

Tel: (345) 938 0850

www.bmdteam.com

Email: tkline@encompasscayman.com or

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BMD

Group

was

founded

by

a

ekline@encompasscayman.com



www.encompasscayman.com Renovation services include: Complete home makeovers, outdoor living improvements, residential

additions,

roof

replacements,

pop against. DP Economy Services Ltd. offers expert advice and painting services. Refer to the Paint section in the Shopping chapter for a list of retailers.

structural repairs and commercial space buildouts. SE E AD PAG E 250

delivery and assembly. Stop by their styled showroom for an idea of how each piece can fit in your home. SE E AD PAG E 235

Tel: (345) 321 7562 Pasadora Place, Smith Road, George Town Tel: (345) 233 8700 Email: sales@living.ky www.living.ky Bring your bathroom and kitchen spaces to life with Living.ky’s wide range of cabinets. Shop by brand and room. Services include: home makeovers, specialised interior design services and more. SE E AD PAG E 12, 231 & 253

H O M E I M P R OV E M E N T S

to personalise your space. They also offer free

DP Economy Services Ltd.

Living.ky

17

as mattresses and gorgeous home accessories

Colours Choosing the right paint colour for a room can really transform its look. Use your wall colour to anchor trendy changeable pieces in your room. Pantone’s 2021 colour of the year ‘Ultimate Grey’ offers a neutral backdrop that brighter accessories will

Accessories Accessories are the icing on the home design cake. A rug, the perfect lamp, throw cushions and wall décor are the finishing touches that pull together existing design elements while injecting some personality into a space. > Pops of Colour are a low maintenance way to liven up a room. If you’re not ready to commit with a coat of paint, consider introducing your colour of choice with easy-to-change finishes, such as drawer handles, rugs and curtains. > Retro Accents add charm and character to modern spaces. Bespoke vintage decor can be sourced online, or for a more budget-friendly option, try browsing local consignment shops for unique hand-me-down pieces. > Playing with Textures is a great way to elevate soft furnishings and introduce a few stand-out pieces in your home. Look for fabric textures such as crisp and clean linen throw pillows, and contrast that with more rugged rattan and macramé finishes. Ashley Furniture has a great selection of home furniture and decor to suit a variety of budgets. Refer to the Furniture section in the Shopping chapter for a full list of retailers that sell furniture and accessories on-Island.

Doors & Windows Doors and windows are a big upfront investment; however, making the right choice can save you a lot of money in the long run. We recommend opting for the best windows you can afford, ideally tinted, to help keep the cool air in and the hot sun out. Good quality windows and doors also have the added benefits of keeping ambient noise out, especially if you live near a main road or close to the airport, whilst also providing increased security. You will need to think about hurricane season, and whether shutters are necessary for your home. The following list of home centres and door and window suppliers can advise on certain brands and styles. A. L. Thompson’s Tel: (345) 949 8622 Email: info@althompson.com www.althompson.com A. L. Thompson’s specialises in PGT windows and doors. SEE AD OPPOSITE PAGE & 203, 239, 243 HAVEN (The Security Centre) Cayman Technology Centre, 115 Printers Way Tel: (345) 949 0004 Email: haven@security.ky www.security.ky The Security Centre has launched a new state of the art home automation division! Control your blinds, windows, doors, sound systems, thermostat, TV, alarms and monitoring from a single touch of a button. HAVEN also provides

Ashley Furniture

modern, robust hurricane impact windows,

360 Dorcy Drive, George Town

doors, and gating for new and existing

Tel: (345) 943 2323

builds. Contact them today to get a quote on

ashleyfurniturehomestorecayman@gmail.com

customizing your home for safer, smarter and

www.ashley.ky

more energy efficient living! SE E AD PAG E 242

Enjoy a new start with a great selection of

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CAYMANRESIDENT 2022

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stylish, affordable home furniture from Ashley

Kirk Home Centre

Furniture HomeStore. They stock living room,

Tel: (345) 949 2521

dining, bedroom, and outdoor furniture, as well

Exclusive carrier for SIW and CWS windows.


Marksons Furniture

Tel: (345) 949 6348

Tel: (345) 949 6233

Email: info@edies.ky

Email: arwashburn@marksons.ky

www.edies.ky

www.marksons.ky

Edie’s supplies custom-made blinds and

Marksons offers a wide selection of window

shutters, as well as draperies and curtains,

treatments that can accommodate your needs

which are made-to-order in their professional

with a touch of style. Browse through their

drapery workroom, where they also offer

collection of finishes and discover interesting

upholstery services. Contact them today to

fabrics, shades, shutters, sliding panels, blinds

schedule your consultation. SE E AD PAG E 237

Flooring, Tile & Carpets Although re-flooring your home can be an expensive endeavour, the right flooring sets the design tone of your entire home and can guarantee a higher return on your investment when it comes time to sell. Some flooring trends include:

>

commercial

and more. SE E AD PAG E 236

Curtains, Draperies & Blinds Window treatments add flair and functionality to a space. Although they often take a backseat to other interior design changes, choosing the right window ‘fashion’ complements the overall style of a room. Design consistency aside, they also provide privacy and keep your home cool during Cayman’s hot summer months. Below are two well recommended companies:

property

developer

the

opportunity to have unusually large panels Tomlinson Furniture

of porcelain tiles, ranging from 3ft wide

9 Walkers Road, George Town

to 11ft tall and 5.6mm thick (with sizes in

Tel: (345) 945 5383

between). It gives the interior and exterior of

Email: info@tomlinsonfurniture.ky

a property a very different look and feel.

Tomlinson

Furniture

offers

affordable

>

Wood Look Porcelain is here to stay, and

custom window treatments for residential

the industry somehow manages to make

and commercial needs, ranging from indoor

tile look more like authentic wood year after

plantation shutters to rollershades, blackouts,

year.

wood blinds and more. They do free at home

>

Luxury Vinyl Plank is a popular option due

consultations to take measurements and

to its durability and green credentials. These

ensure the perfect selection. They also do the

planks give the appearance of real wood

installation. Each of their window treatment

without the bother of maintaining it. It’s

installations come with a 10-year warranty!

a great option for children’s rooms as it is

SEE AD PAGE 205

easy to clean, gentler underfoot than tile and

64 Eastern Avenue, George Town

some options are even waterproof.

»

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H O M E I M P R OV E M E N T S

Edie’s

COVERLAM allows the residential and


>

Paver Style Flooring has become a top

Tel: (345) 926 8404

They have something for everyone – even

choice for outdoor living spaces. Large,

Email: info@sshcayman.com

custom orders, to make sure you get that

sturdy slabs of porcelain can be laid directly

www.sshcayman.ky

perfect rug or accessory for your home.

on compacted sand or installed on concrete

SSH Cayman Ltd. provides a range of floor

SE E AD PAG E 238

to create a wonderfully uniform look.

and wall coverings for your renovation, new development,

Consider the potential for flooding during hurricane season and whether your flooring choice is susceptible to water damage. The following companies sell and install a wide variety of flooring options:

commercial

and

residential

Tomlinson Furniture

needs. Their tiles come direct from the

Tel: (345) 949 5383

manufacturer in Spain. SE E AD PAG E 240

General Maintenance & Repairs Stafford Surfaces

Cayman Property Maintenance/Bill Perigo

Tel: (345) 943 2722

Tel: (345) 327 0582 Email: maintenancemancayman@gmail.com

H O M E I M P R OV E M E N T S

17

Edie’s

Rugs Oriental

Bill Perigo, also known as The Fixologist, owns

64 Eastern Avenue, George Town

25 Galleria Plaza, West Bay Road

and runs CPM. He is a like-able, honest, reliable

Tel: (345) 949 6348

Tel: (345) 943 7847

and affordable handyman who always returns

Email: info@edies.ky

Email: rugsoriental@candw.ky

phone calls and emails and shows up on time,

www.edies.ky

www.rugsoriental.ky

every time.

A well-established family operation, Edie’s

Cayman Island’s premium supplier of unique

offers an exceptional range of flooring

hand-woven Oriental rugs offering a huge

products: porcelain, granite and marble tiles,

range of traditional and contemporary

COVERLAM, mosaics, luxury vinyl and carpets

designs. They also sell gorgeous hand-

are all available. SE E AD PAG E 237

crafted accessories and home furnishings sourced on their annual buying trips including

SSH Cayman

cushion

covers,

upholstered

furniture,

18 McField Lane, George Town

mosaic lamps, Turkish towels and robes.

Home Automation & Electronics Home automation systems have come a long way. You can now turn your home into a smart home with the capability to link all your audio-visual devices, control air conditioning, secure the house and adjust lighting via your smartphone or tablet. The following companies have a great reputation for home automation devices and installation: Audiophile Tel: (345) 746 4434 Creative Tech Tel: (345) 946 8324

Home Security Systems & Monitoring Although Cayman is one of the safest islands in the Caribbean, a home security system, which monitors the smoke detectors and whether any doors or windows have been opened, is helpful for peace of mind. Nowadays, wireless security systems, which are reliable, convenient to operate, easily upgraded, and portable, are preferred over hardwired technology that require drilling through walls and floors. See the Running Your Home chapter for more details.

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Roofing Whether you are building from scratch or replacing the roof on your existing home, there are a few key factors to consider. Style matters, but equally important is product cost, material weight and installation requirements. We recommend the following roofing company.

well regarded for not sagging or slipping and creates a complete seal, keeping heat and moisture out of buildings. It also has been proven to help keep roofs attached in the event of a hurricane.

properties safe with round the clock protection.

Tryden Roofing

They are Five Diamond Central Station certified

Tel: (345) 324 2813

by the Central Station Alarm Association.

Email: trydencayman@gmail.com

SE E AD PAG E 182

www.trydenroofing.ky

Storage & Organising Solutions Basic wire racking for shelves can be bought from any home centre on-Island. For custom built shelving, contact either Custom Closets on (345) 526 6774 or Storage Solutions on (345) 525 2647.

Island Electronics 90 Godfrey Nixon Way, GT. Tel: (345) 949 8255 Email: info@ielgroup.com www.ielgroup.com. Island Electronics (Security & Monitoring) Ltd., established in 1986 provides dependable, quality security and monitoring services. Over 1,200

Cayman Islands Spray Foam Tel: (345) 326 6767

clients in Cayman have trusted IEL to keep their

Since 2015, Tryden Roofing has been providing The Security Centre Limited

quality roofing services, led by the knowledge

Cayman Technology Centre, 115 Printers Way.

and experience of Michael Rance and Oneko

Tel: (345) 949 0004

Burton. Services for commercial and residential

Email: info@security.ky

properties include: Standing Seam Roofing, Roof

www.security.ky

Designs and Water Proofing for a variety of

The Security Centre is the largest security

surfaces. SE E AD PAG E 257

provider in Cayman, offering the most secure in-house solutions for integrated alarm and locksmith services, access control, tracking devices, guarding, privacy and hurricane protection, and home automation services, for over 30 years. It is the only certified company in Cayman for mobile patrolling and intervention services. The Security Centre - dedicated to protecting your world! SE E AD PAG E 183

Painting Contractors Below is a reputable option for painting companies and contractors. DP Economy Services Ltd. 325 Owen Roberts Drive, George Town Tel: (345) 321 7562 Email: dpeconomyservices@gmail.com www.dpeconomyservices.com Be it a full apartment, home renovation or just a kitchen or bathroom remodelling stint, DP Economy Services can address your renovation needs in the fastest possible time without sacrificing on quality of delivery or workmanship.

They

provide

Remodelling,

Renovation, Plumbing, Electrical, Carpentry and General Repairs & Maintenance services at competitive pricing. SEE AD PAGE 260

»

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243

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H O M E I M P R OV E M E N T S

monitoring systems, CCTV’s, keyholding and

Spray Foam Insulation Spray foam insulation is a popular alternative to traditional fibreglass insulation in the Cayman Islands. It is

Upholstery Services If you have a piece of furniture in your Cayman home that fits well and has a sound frame but is a bit worn – consider having it reupholstered. It’s also cheaper than buying a brand-new piece. We recommend the following company for your upholstery needs:


Tel: (345) 233 8700

64 Eastern Avenue, George Town

Email: sales@living.ky

Tel: (345) 949 6348

www.living.ky

Email: info@edies.ky

Living.ky stocks a wide range of outdoor

www.edies.ky

accessories and furniture. Browse through

Cayman Growers

Complete upholstery services for sofas, chairs,

brands and items online or in-store and curate

Tel: (345) 323 0722

headboards and more, in addition to decorative

your ideal space with the help of one of their

Email: caymangrowers@candw.ky

accessories like custom throw pillows and

on-site design experts and complimentary

A complete landscape company and plant

bedding. They also stock and special-order

interior design services.

nursery, as well as a 30-acre sod/grass and

fabrics. SE E AD PAG E 237

SE E AD PAG E 12, 231 & 253

tree farm located in East End. They have a wide variety of palm, shade and fruit trees including

OUTDOOR LIVING & GARDENS

H O M E I M P R OV E M E N T S

17

garden maintenance. It is worth noting that the cost of irrigating gardens, especially manicured lawns, can be very expensive.

Edie’s

A well-designed outdoor space can add to the marketability of your property in Cayman. Some questions to consider before you begin the process of sprucing up your outdoor space include: > Do you need an entertainment area? > Would you prefer serene and manicured gardens or a more natural area that children and pets can enjoy? > How much time/money are you willing to spend on maintenance each month? > How long will you live in the house, and will it be worth the financial outlay? Equipped with answers, seek out a contractor and landscape gardener who can help bring your vision to life. Outdoor Living Areas Outdoor features and amenities such as kitchens, decking, hot tubs and even fire pits can really elevate your outdoor living experience. The following companies can help source what you are looking for: Living.ky Pasadora Place, Smith Road, George Town

The Outdoors

mango, avocado and the Barbados cherry. Their

A. L. Thompson’s, 189 North Sound Road

landscaping services include design, installation,

Tel: (345) 949 8622

irrigation and lighting. SE E AD PAG E 188

www.althompson.com A major department of A. L. Thompson’s, the

Every Bloomin’ Thing (EBT)

30,000-square foot ‘Outdoors’ carries one

Tel: (345) 945 1701

of the widest selections of outdoor goods in Cayman. They sell sheds, decking, pots,

Paradise Landscaping

lawn ornaments, patio furniture, camping

Tel: (345) 547 1530

equipment, outdoor grills, smokers and a whole lot more. SEE AD PAGES 203, 239, 241 & 243

Power Flower 31 Orchard Lane, Off Crewe Road, George Town

Landscape Gardeners An experienced landscape gardener will be able to approach each garden on an individual basis to create a detailed design that suits your individual wants. If you are new to landscaping then there’s the danger that you could purchase a lot of plants and accessories that don’t work together, let alone survive in the Cayman sun! A landscape gardener will understand which plants work best with your property’s terrain and conditions. They will also know what plants are the most durable, which shrubs or trees can provide good shade and increase your privacy, plus advise on long term

Tel: (Office) (345) 949 2256 or (345) 321 0308 Email: office@powerflower.ky www.powerflower.ky Specialising in the fine art of balance in landscape design, Power Flower considers your needs, style and budget when designing your ideal garden. Through careful planning and execution, their professional landscape design and installation staff work hard to ensure a client’s space delivers exactly what they want. SE E AD T H I S PAG E Vigoro Nursery & Landscaping > 96 Agricola Drive, Lower Valley > 324 Walkers Road, George Town Tel: (345) 949 4270 or (345) 945 5236 Email: tom.balon@vigoro.ky or craig.stewart@vigoro.ky or www.vigoro.ky Instagram: @vigoro_cayman or Facebook @ VigoroCayman Vigoro has been providing landscaping services in Cayman for 50 years. Their services include all areas of gardening and landscaping, including design, maintenance, construction, irrigation, stone/hardscape,

water

features,

misters,

lighting and artificial lawns.

Garden Trends Native Plants and Trees 244

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– Local garden


SWIMMING POOLS

A swimming pool provides a year-round source of recreation. It is worth noting that a pool will cost approximately CI$200 a month to maintain, and adds significantly to your electricity bill and potentially your water bill. For tips on how to run an energy-efficient pool, refer to the Being Green chapter. Swimming Pool Trends Depending on your budget there are several types of pool features to consider: > Zero entries create a beach style entry into the pool. The entryway slopes into the pool as if you’re walking into the sea. The shallow area is a great spot to let supervised children play. > Plunge pools are perfect for a smaller outdoor space and a swim jet can allow you to swim laps against a current. > Perimeter overflow pools are an evolution of the infinity pool where the water constantly flows over the edge of the pool. The water runs into a hidden catch basin and is then re-circulated into the pool.

Pool Safety Tips for Kids Having a pool on your property comes with serious responsibility. While pool-related tragedies are rare in Cayman, a few have occurred. Every homeowner with a pool should follow these basic safety tips: > Always supervise children when they are in or near a pool, and always ensure that those in a supervisory role are good swimmers! > Make sure everyone in your family learns to swim, including nannies and caregivers. > Secure your pool with barriers. > Install and use a lockable safety cover. > Install pool and gate alarms to alert you when children go near the water. > Keep life vests and an emergency flotation device near the pool. > Everyone in the family should learn how to perform CPR and do basic water rescue training. The Red Cross offers certification programmes. > Keep your pool clean and maintain proper chemical levels to minimise the risk of ear infections and rashes. The following companies in Cayman can

install and maintain your swimming pool: Oasis Pool & Spa Tel: (345) 945 7665 Email: sales@oasis.ky www.oasis.ky Oasis Pool & Spa provides comprehensive outdoor living construction service. From design to completion, they are with you every step of the way to create your dream pool, patio, cabana and outdoor kitchen. Oasis can also renovate your existing pool and patio. SE E AD PAG E 190

Pool Patrol Tel: (345) 949 8543 Email: pools@poolpatrol.ky www.poolpatrol.ky Pool Patrol offers you services every step of the way, from pool design and DEH submissions to the final pool and spa construction. They can build your pool from scratch or renovate an existing pool, bringing it back to its former glory. SEE AD THIS PAGE & PAGE 189

DESIGN SERVICE SUPPLY

We Specialise in: • Full retail store with Cayman’s largest inventory of pool/spa & backyard products • Fully trained and certified staff • Pool and spa service & repairs - commercial and residential • Consultation, design, construction and renovation services Tel: 949-8543

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Pools@Poolpatrol.ky

»

www.poolpatrol.ky

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H O M E I M P R OV E M E N T S

centres stock a wide assortment of native and non-native species of plants and trees. There is a huge variety of bright and beautiful options including Tabebuia, Geiger, Neem and Cassias trees. Edible Gardens – Produce gardens can be a bit tricky to establish and maintain, but the wait is well worth it. Locally grown tomatoes are delicious, as are salad leaves and herbs. If you have the space, consider planting fruit trees − they’re great for providing shade too! Vertical Gardens – These ‘living walls’ add a personal touch to patios and balconies. However, they are an expensive addition. Artificial Turf – Many homeowners are turning to artificial turf for a lowmaintenance landscaping solution. Not only can you guarantee your lawn always looks great, but once you get past the initial high cost of installation, it’s a great money saving move. For a list of garden centres please refer to the Shopping chapter.


Cayman Building in

How to build a home in Cayman, environmentally friendly options, suggestions on selecting a team, architects, land surveyors, general contractors and structural engineers.

B U I L D I N G I N C AY M A N

Photos courtesy of Design Cayman

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BUILDING IN CAYMAN

246

Building in Cayman - Dream, Investment, or Both - Selecting a Site - Cost Planning

246 248 248 248

Building Options - Design/Build - Construction Management - Design/Bid/Build - Selecting Your Team - Interior Design - Building Greener - Blocks & Insulated Concrete Forms - Roofing

250 250 250 252 252 254 255 256 256

Building Professionals - Architects - Construction Management - General Contractors - Land Surveyors - Quantity Surveyors - Structural Engineers

257 257 259 260 261 261 262

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An inevitable truth about building is that you will encounter hurdles along the way. From pulling together a team and securing the correct permits, to dealing with unexpected costs and even construction delays – there’s never a dull day! As well as the usual obstacles, those looking to build a home or commercial property during the past year also had to cope with raw material delays and a dramatic escalation in pricing, as supply chains globally were impacted by the COVID-19 pandemic. For certain materials, such as cement, supplies were selling out before ships carrying them had even arrived on port. In a bid to reduce shortages and project delays within the local construction industry, Cuba, Colombia and Panama were added to the list of authorised countries for cement importation under the Customs and Border Control (Prohibited Goods) Order. While the cost of US lumber finally fell in June 2021, it is likely to take many months for the price cut to influence the Cayman market, so higher prices are still expected into 2022. The easiest way to ensure you make smart choices, especially in the current climate, is by equipping yourself with professional insight prior to getting started. This will help better manage your expectations and reduce stress and associated costs. Read on for a round-up of the best building and design professionals in the industry as well as things to keep in mind when building in Cayman.


Where can I find an architect?

INSTITUTE OF CAYMAN ISLANDS ARCHITECTS www.icia.ky

info@icia.ky


Dream, Investment or Both Long before any ground is broken, a feasibility study should be carried out to calculate all costs (including mortgage interest) against the possible return of a project. The information gleaned from this report allows you to measure your ‘dream’ against the total investment. Moving forward without taking this step can result in some costly missteps that could otherwise be easily avoided. Consulting one of Cayman’s reputable professionals will help you consider all of your project’s relevant factors – and ultimately save you time and money!

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Selecting a Site Beyond the obvious location factors of convenience to work, schools and shopping, do some research on the area – find out if any nearby road improvements are proposed or the potential incompatibility of approved neighbouring land uses. A quick online check of the zoning map on the Central Planning Authority website will allow you to see land uses proposed

for an area and the specific zoning of the parcel you are considering. Although you should be able to obtain this information from your realtor, surveyor or architect, a little due diligence may reveal a lot. This is particularly important for commercial properties since proposals for a parcel requiring rezoning may take years to plan and to obtain the required approvals. Geotechnical Testing Many older subdivisions built on reclaimed land have marl fill placed over original peat material to bring up the elevation. This peat layer may be a mixture of sand, rocks and organic solids unsuitable for supporting the weight of a building. The replacement of this material with engineered fill or the design of pile foundations to penetrate down to a solid bearing material will add large costs to a building, which must be considered. An engineer can drill or dig test holes for a modest fee to allow some cost planning for foundations. Often, the engineer’s local knowledge will be

sufficient to predict general soil conditions. In cases where problematic soil conditions are expected, this might be a prudent condition of a land sale. What Do You Want? Think carefully about the layout and configuration of your house or building, and how this will work for your personal needs and objectives. Draw inspiration from online floor plans and design resources such as Pinterest or Houzz. Save any photos that inspire you and use these images to illustrate the home or office that suits your lifestyle or professional requirements. An inventory of rooms and spaces will also help determine the approximate size of the property that meets your needs. Remember, however, that looking at building plans online does not make you an expert and many house plans found online are generally suited to North America or Europe and may not be appropriate to Cayman. Construction techniques and building codes, weather patterns and climate on-Island can be very different to those found elsewhere. Those minimalist architectural wonders that you have fallen in love with may cost a fortune when translated into the Cayman context. Cost Planning All too often rough area construction costs ($ per sq ft) are used for budgeting in place of realistic assessments of probable development costs. Fooling yourself that a building will cost $x/sq ft multiplied by an approximate area is usually a recipe for disappointment or frustration later in the process. A quantity surveyor may provide you with a detailed breakdown of actual costs to expect, such as: Soft Costs — Building permits (planning permission, infrastructure fees, etc.), stamp duty, licences, professional fees (architect, engineer, surveyor), legal fees and utility connection deposits must be carefully factored into your overall costs. For commercial property promotion, marketing and financing costs must also be considered. For rental properties, initial period vacancy rates are estimated

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Building excellence from concept to completion VIRTUE

Patrick’s Island, South Sound, & Canal Point. Our Virtue Construction serves all three islands, from clear focus on customer satisfaction is the key to Residential to Commercial Builds, Renovations, & CONSTRUCTION LTD CONSTRUCTION LTD the strong level of repeat business. Please call for a Property Strata Maintenance, with managed projects complimentary consultation in The Yacht Club, Grand Harbour, Crystal Harbour,

VIRTUE

George Town, Grand Cayman 345-926-0094 virtueconstruction@outlook.com www.virtueconstruction.ky

VIRTUE CONSTRUCTION

VIRTUE CONSTRUCTION


in order to predict the cost of holding unleased space. Hard Costs — Land, construction costs, including normal contractor costs (overhead, profit and supervision), landscaping, major appliances and site furnishings. Typically, a contingency fee (between 5%-10%) is included in estimates to account for the unexpected, which include owner changes, site conditions or material cost increases. Making a realistic cost plan can provide a useful indication of the cash flow requirements during the process, which will be of interest to potential lenders, and can allow you to calculate carrying costs or requirements for interim financing.

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Scheduling The length of time required to complete the full cycle of planning, financing, design, commissioning of a building and construction often comes as a surprise to ‘proto’ developers. A period of up to several years may be required for a large residence

or commercial property once all the factors have been considered. When projects are geared towards completion for a specific date, planning can become critical – a homeowner entertaining visitors from abroad, a store owner aiming for a holiday retail season, or a company gearing their move-in date around an annual business cycle all need to plan for the unexpected or even the unthinkable. Delays in obtaining statutory approvals, order time for materials or equipment, adverse weather conditions, and design revisions must be considered for a well-planned project. Good Design – Value Added? A DIY homeowner downloading a set of plans from the internet or trying to design their property themselves may save thousands on architect’s fees but can end up increasing construction costs due to delays, cost overruns or approval issues, than if they had just hired a professional to draft an accurate, detailed set of construction

documents. Professional fees (architecture, interior design, engineering, survey), which can quickly constitute 10%-15% of the overall construction budget, will inevitably be value added to the building. However, unlike commodities, it is sometimes difficult to assess the worth. BUILDING OPTIONS

There are several general models of how construction contracts can be structured, and depending on the circumstances, one may be recommended over another. Design/Build A general contractor, with in-house or subcontracted design expertise (designbuilder), can often offer a streamlined package, which is attractive to busy people not wanting hands-on involvement in the process beyond initial design and material selection. This ‘one-stop’ approach to a contract is typically a fixed price attached to a material specification and set of design documents. The main advantages of this approach are: (1) convenience (2) guarantee of final cost and (3) minimum risk for the owner. Some disadvantages may be: (1) loss of some flexibility during the process (2) the added cost of the convenience factor and (3) no independent control of quality. Construction Management In this scenario, a ‘construction manager’ (typically a quantity surveyor) will offer a fixed cost to manage the entire process either from the outset or based on a set of construction documents and specifications prepared independently. The construction manager is functioning in the role of general contractor yet employed by the owner. The advantages of this form of contract are typically: (1) flexibility during construction (2) market competition in sub-trade contracts and (3) cost control flexibility. Some disadvantages of this approach are: (1) risk for sub-trades is assumed by the owner (rather than the construction manager) and (2) loss of market competition in contractor cost (fixed fee for supervision).

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You know our work. Now you know the team behind it. You know our work. Now you know the team behind it.

1.345.525.0777 1.345.525.0777 TrioArchitects.com TrioArchitects.com mike@trioarchitects.com

mike@trioarchitects.com

Through Architecture, Interior Design, and Engineering, Through Architecture, Interiorour Design, and Engineering, we continue to transform clients’ dreams into we continue to transform our clients’ dreams into reality with exceptional service across the Cayman reality with exceptional service across the Cayman Islands and South Florida Islands and South Florida

GRAND CAYMAN - CAYMAN ISLES BEACH, BEACH,FLORIDA FLORIDA - USA GRAND CAYMAN - CAYMANISLANDS ISLANDS •• SUNNY SUNNY ISLES - USA


This is typically an excellent strategy where a project needs to be rushed (or ‘fast-tracked’ in industry jargon) and there is insufficient time to prepare detailed, coordinated documents for a bid. Another good reason might be if there is likely to be a lot of changes during the design-construction process. Since the construction manager works for the owner on a fixed management fee, they are typically not profiting from changes in the work or work sequence.

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Design/Bid/Build This is the traditional method of procurement where an owner works with an architectural designer and related professionals to produce detailed drawings and specifications, often with cost reports. General contractors are invited to offer competitive tenders based on a detailed estimate of the documents within a fixed tender period. This approach has the primary advantage of cost competitiveness and a detailed set of documents will be the best guarantee of maintaining cost control

during the process. Some disadvantages of this approach may be: (1) significant time is required for detailed document preparation and the tender period and (2) document errors or revisions to the contract resulting in some loss of cost control since changes can be costly. The Design-Build project has the overwhelming advantage of convenience. By contrast, the traditional Design-BidBuild and Construction Management approaches have the advantage of the competitive marketplace with multiple contractor estimates (and the possibility of cost-saving). The traditional/construction manager contracts may allow a high degree of control since design and construction stages will involve an independent professional hired directly by the owner. Selecting Your Team Before making any decisions about a direction for your particular project, talk to professionals knowledgeable in

the construction industry in Cayman. Architects, builders and quantity surveyors will usually be willing to share their experience with no obligation. Each method described previously has its devotees and detractors and it is ultimately up to the owner to decide which of the various methods will be a good fit. Seeking professional help from someone with a detailed working knowledge of these procurement options, and how they work in the Cayman Islands, can help you make an informed choice. Do not simply copy what someone else has done. It is important that you choose an approach after weighing all the pros and cons. While each approach may have a very different risk profile to you (after all some people like to base-jump, while others would rather take a nice stroll along the beach), it is very important that you own this decision fully. Whatever approach you choose, it will be the people you select to work with and manage the process, who will be the key players in developing and managing a

WE KNOW THE ART OF BUILDING

Stop by our offices for a complimentary coffee and consultation with an architect.

To learn more about Design Cayman Ltd. please visit: www.design-cayman.ky or contact Brian Macdonald at: 345.916.0930 252

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LIVING.KY FURNISHING DREAMS LIVING.KY’S DESIGN EXPERTS ARE READY TO HELP YOU ENVISION AND CREATE A WONDERFUL SPACE WITH OUR COMPLIMENTARY INTERIOR DESIGN SERVICES. AS PART OF OUR CUSTOM FURNITURE PACKAGES, OUR INTERIOR DESIGNERS DEVELOP DIGITAL FLOOR PLANS AND PRODUCT VISUALIZATIONS TO BRING YOUR VISION TO LIFE. WE PRESENT PACKAGE OPTIONS AT VARYING PRICEPOINTS, HELPING YOU TO TRANSFORM YOUR HOME WITH A PROFESSIONAL, PERSONAL TOUCH. ON DELIVERY DAY, ENJOY THE EASE OF

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FREE DELIVERY AND INSTALLATION SO YOUR SPACE IS READY FOR LIVING. • • •

B U I L D I N G I N C AY M A N

24 PASADORA PLACE, SMITH ROAD GEORGE TOWN, GRAND CAYMAN WWW.LIVING.KY (345) 233-8700

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BOUTIQUE ARCHITECTURE + DESIGN STUDIO DESIGNING PLACES THAT INSPIRE

B U I L D I N G I N C AY M A N

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INFO@MJMDESIGNSTUDIO.COM

345-743-4656

MJM_DESIGN_STUDIO

successful project. Consider the following when choosing your design and build professionals: integrity and reputation should always be the main ingredients when selecting people, so look at current, recent and past jobs, talk to past customers and check their payment and litigation history. Choose design professionals who are adaptable and have a team spirit. Ask your contractor, construction manager and architect to provide a checklist and procedures for administering, inspecting and testing the various stages of your project. It is strongly recommended that you meet everyone who will be a part of making your project a success. Make sure you establish a good working relationship and feel comfortable with all the people who are involved. Enquire about their current workload – can they handle your job and give you the attention and support you desire? Can you communicate with this individual or team openly? It is important that you do your homework, take your time and make sure that all of the design professionals you intend to engage carry professional indemnity insurance. Only agree to terms after you are absolutely sure you have the ‘dream’ team that truly has your best interests at heart! While there are many components to consider carefully, some being significantly challenging and time consuming, building your own home is an exciting project and for many people, it is a dream come true; so you should endeavour to have some fun too! Interior Design in the Building Process Consider hiring an experienced interior designer to review your plans with your architect before they go to the builders. A qualified designer can look at architectural plans and work out whether the space and dimensions allowed will work or raise potential problems and limitations for functionality. They will look at the plans, room by room, and work out their function, including ease of access, amount of light, acoustics, seating and places to store or set things down. They

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specialises in custom cabinetry design and installation. Their in-house designer can provide expert advice on kitchen design. Designing a Security System To have an electronic security system that is well integrated into the design of your new home, a plan should be drafted at the conceptual stages. You, your architect and an experienced security professional should work closely together to identify your needs and see what technology will be suitable to achieve your goals. Refer to page 243 for companies that can assist. Building Greener Those looking to build more consciously will be pleased to discover the many environmentally responsible construction practices that are widely embraced on Island. Green construction in Cayman is recognised by the Governor’s Award for Design and Construction Excellence in Sustainability and the Environment. The

idea of the award is to foster and maintain innovation, sustainability and excellence in the Cayman Islands’ construction industry. Some ways in which that is being upheld include: using recycled building materials and timber, tapping into alternative energy and waste-water systems and employing more eco-friendly home automation. Other green tips for building include, ensuring that your property is orientated to make effective use of the prevailing wind and windows are positioned so as to avoid filling the house with the heat of the afternoon sun in a nod to traditional Caribbean architecture. Reduce energy consumption by insulating the exterior walls and roof of your home and make use of the Island’s year-round sunshine with solar power panels and energy units. LEED certification is also available on-Island to give you an idea of how environmentally-friendly your home or property is. For more information on building green, refer to the Being Green chapter.

FLOWERS FOAM PRODUCTS 623-0000 A Division of The Flowers Group

A new generation of construction innovation technology from a name you can trust Insulated Concrete Forms (ICF’s)

Architectural Shapes

• Poured concrete walls with reinforced steel • Hurricane resistant • Lower energy costs • Sound Transmission control qualities • High production capacity • Cost effective • Can be used for Commercial, Residential or Industrial Projects

• Flexibility of shapes • Custom look • Manufactured locally to specification • Easy installation,cost effective • Columns Pediment • Arches • Bases & Caps

ICF’s

Architectural Shapes

Foam Flat Sheets

Foam Flat Sheets

(for pre-existing concrete walls) • Insulation qualities • Sound transmission qualities • Lower energy costs

Custom Foam Signs • Ideal for entryways • Manufactured locally to any specification Custom Foam Signs

Steel Studs • Steel Studs and tracks in a variety of lengths and gouges to specifications

Cay Deck • Foam Insulation Flooring Systems • Insulation for floors decks and roofs

Steel Studs

Cay Deck

E: customerservice@flowersgroup.com • W: www.flowersgroup.com • T: 345 623-0000

Available at Flowers Block Factory

184 Seymour Drive

off North Sound Rd

Industrial Park • A member of the Flowers Group

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will also consider how the space will be used, whether it will be for work, leisure or entertainment, and their goal will be to create a unified whole. For more information on Interior Designers, refer to the Home Improvements chapter on page 234. For your kitchen, finding a designer who specialises in creating functional, beautiful spaces is essential. In today’s modern homes, kitchens are now the focal point; they are usually free-flowing spaces that are well integrated into the rest of a home, and also the primary place for entertaining. If you want a kitchen that is well-designed and suited to your lifestyle, then we recommend the following two companies, which have a proven track record and lots of examples of beautiful kitchens they have designed: Bon Vivant (Tel: (345) 623 2665 or visit www.bonvivant.ky) which is the luxury kitchenware and design store in Camana Bay and also Pooley Cabinets ( SE E AD PAG E 234) (Tel: (345) 947 6780 or visit www.pooleycabinets.com) which


CHALMERS GIBBS A R C H I T E CT U R E | PL A N N IN G | IN TER IOR D ESIGN

Insulated Concrete Forms If you want to insulate yourself from the ambient sounds of the outside world, Insulated Concrete Forms (ICF) may be the right option. ICFs are forms used to hold fresh concrete in place permanently. Not only are ICFs excellent for protecting the structural integrity of your home during severe weather, it also provides highly effective insulation to keep the heat out. Flowers Group 184 Seymour Road, Industrial Park Tel: (345) 623 0000 Email: customerservice@flowersgroup.com www.flowersgroup.com The Flowers Foam Products division of the Flowers Group supplies state-of-the-art, locally manufactured building products including Insulated Concrete Forms (ICF), foam flat sheets, steel stud and tracks, architectural components and custom shapes and signs.

18

SE E AD PAG E 255

Concrete Blocks & Pavers Flowers Group 184 Seymour Road, Industrial Park

B U I L D I N G I N C AY M A N

Tel: (345) 623 0000 Email: customerservice@flowersgroup.com www.flowersgroup.com Established by pioneer Clarence L. Flowers, the Flowers Block division of the Flowers Group specialises in the manufacturing and delivery of concrete products including building blocks, grass and keystone blocks, multi-colour rectangular pavers and cobblestone pavers. SE E AD PAG E 255

Driveway & Paving Flowers Group Tel: (345) 623 0000 www.flowersgroup.com Part of the Flowers Group, Flowers Block provides a wide selection of pavers, including cobblestones in numerous colours and sizes. SE E AD PAG E 255

Island Paving Tel: (345) 949 8294

Roofing The old adage that you should always have a good roof over your head is essential wisdom in a country that receives heavy downpours during the region’s rainy season and also suffers from the occasional hurricane. A good roof will help to keep you dry, and if constructed accordingly, can also keep your house cool. Do not be fooled by going for the cheapest roofer. Ask for a detailed quote and count exactly how many stainless steel pins they will use to hold the roof in place, and if it is half the number of the other company with a more expensive quote, then you have your

y 7

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CAYMANRESIDENT 2022

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answer: your roof may well be flying off during a major hurricane. We recommend the following roofing contractors: Hydes & Sons Ltd. Tel: (345) 949 7062

Established

BUILDING PROFESSIONALS

since

1966,

Chalmers

Gibbs

Architects offers professional architecture,

Architects The following is a list of Cayman Islands architectural firms. Many of these firms also have experienced project managers and interior designers on staff.

Precision Roofing

planning and interior design services. Building design

experience

includes

residential,

commercial, retail, industrial, hotel resort and institutional projects. Other specialised services include 3D modelling, brochure graphics, feasibility studies and space planning.

BDCL Architects

Tel: (345) 916 7823

SE E AD OP P OSI T E PAG E

Tel: (345) 925 4909 Tryden Roofing

Email: dmcgrath@bdcl.ky or www.bdcl.ky

Design (Cayman) Limited

Tel: (345) 324 2813

An architecture, interior design and project

Tel: (345) 949 2800

Email: trydencayman@gmail.com

management firm based in Grand Cayman. The

Brian Macdonald, RIBA: Chartered Architect,

www.trydenroofing.ky

managing director, Donal McGrath RIBA, has

Tel: (345) 916 0930

Since 2015, Tryden Roofing has been providing

over 30 years of professional experience in

Email: info@design-cayman.ky

quality roofing services, led by the knowledge

the Cayman Islands. The primary focus of the

www.design-cayman.ky

and experience of Michael Rance and Oneko

practice is to create high-quality, aesthetically

At Design (Cayman) Limited, their team knows:

Burton. Services for commercial and residential

pleasing and environmentally responsible

“The Art of Building”, a focus that enables clients

properties include: Standing Seam Roofing,

architecture that responds to the client’s

to feel deeply understood, leading to projects

Roof Designs and Water Proofing for a variety

functional requirements and budget.

that deliver beyond expectations, to truly

of surfaces. SE E AD T H I S PAG E

18

bring satisfaction and joy. Serving Cayman for fourteen years, leaders in innovative and green

Watler’s Metal Products

Tel: (345) 949 2727

design and building, Design Cayman services

Tel: (345) 949 1699

Email: info@chalmersgibbs.ky

include: Architecture, Interior Design, Project

www.chalmersgibbs.ky

Management,

Development

and

Master

Tryden Roofing has been providing the Cayman Islands with quality service since 2015. Notable projects include: Fosters (Camana Bay), The Grove & Camana Bay Condos.

TRYDEN

Roofing and Waterproofing

We are the only manufacturer certified company to provide full coverage warranties for several waterproofing systems, Pools, Bridges, Commercial and residential driveways, Indoor/ Basement Garages, Balconies and much more. From Standing Seam Roofing to Roof Designs for Commercial and Residential properties.

t: 324 2813 e: trydencayman@gmail.com w: trydenroofing.ky

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B U I L D I N G I N C AY M A N

Chalmers Gibbs Architects


Planning, Virtual Design, Renovations and

through international and local media and

Trio Architecture

Additions and Architect Led, Design, Manage

publications. His firm’s services include:

Tel: (345) 525 0777

and Build). SE E AD PAG E 252

architecture,

Email: mike@trioarchitects.com

imagineering,

engineering,

interior design, master planning, landscape

www.trioarchitects.com

DDL Studio Ltd.

design,

Mike Stroh created Trio Architecture in 2006

Tel: (345) 943 3622

administration and project management.

to offer the highest level of architectural,

Email: info@ddlstudio.com

SE E AD T H I S PAG E

interior design, and engineering services

feasibility

studies,

construction

www.ddlstudio.com

B U I L D I N G I N C AY M A N

18

to the Caribbean and South Florida. Their

Services include: Architecture, Interior Design,

MJM Design Studio

professional expertise covers commercial,

Project

Tel: (345) 743 4656

hospitality and residential projects. Services

Quantity Surveying, Valuations/Appraisals and

Email: info@mjmdesignstudio.com

include:

Feasibility Studies. SE E AD OP P OSI T E PAG E

www.mjmdesignstudio.com

engineering,

Management,

Claims

Consulting,

architecture, schematic

interior and

design,

conceptual

MJM Design Studio is an architectural firm

design, construction administration, and

Frederick + McRae Ltd.

based in the Cayman Islands, founded in

more. SE E AD PAG E 251

Tel: (345) 926 8049 or (345) 926 3601

2001 by Michael & Joelle Meghoo. MJM Design Studio has successfully provided

Tropical Architectural Group

John Doak Architecture

architectural and development consulting

Tel: (345) 947 5849

Tel: (345) 946 3625

services to the residential and commercial

Email: doak@johndoak.com

market. With combined skill in architecture,

www.johndoak.com

master planning and strategic consulting,

With over 40 years in the Cayman Islands and

they are involved in a variety of projects.

across the Caribbean, John Doak’s renowned

SE E AD PAG E 254

design-build

services

for

residential,

resort and commercial projects have been

OBM International

recognised by international awards and

Tel: (345) 949 8115

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CAYMANRESIDENT 2022

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Institute of Cayman Islands Architects (ICIA) The role of the ICIA is to be an advocate for good architecture in the Cayman Islands. Its members are dedicated to high standards of professionalism, integrity and competence, and as such pride themselves on delivering


projects to a high standard, consistently within budget and with the aim of creating and maintaining property values through great design. The institute ensures its members are highly competent in their professional arenas through local and international educational programmes, sharing technology trends, methodologies, and experiences. The ICIA works with the Government, developers and the public to share ideas and help with strategic planning for major projects and developments in Cayman. The Institute will also help to educate Caymanians about the many paths within the profession and to ensure its members maintain and advance their knowledge of the art and science of architecture. ICIA aims to become a centre for architectural excellence in the Cayman Islands. For more information visit www.icia. ky. Current ICIA members are listed below:

Lyle Rodney Frederick B ARCH (HONS), AIA, ICIA

Tim Peck RIBA, LEED AP, ISHC, ICIA

Frederick + McRae Ltd.

OBM International

Tel: (345) 926 3601

Tel: (345) 949 8115

www.frederickmcrae.com

www.obmi.com

Brian Macdonald ARB, RIBA, RIAS, ICIA

William Steward M.E. Des (Arch), MRAIC, ICIA

Design (Cayman) Limited

Chalmers Gibbs Architects

Tel: (345) 916 0930

Tel: (345) 949 2727

www.design-cayman.ky SE E AD PAG E 252

www.chalmersgibbs.ky SE E AD PAG E 256

Donal McGrath RIBA, ICIA

Construction Management

BDCL Architects (Building Design

BCQS International

Consultants Ltd.)

Tel: (345) 949 8644

John Doak, ARB, RIAS, RIBA, ICIA

Mariska Peel, MA, SACAP, ICIA

John Doak Architecture

Design (Cayman) Limited

Tel: (345) 946 3625

Tel: (345) 949 2800

Cornerstone Group

www.johndoak.com SE E AD OP P OSI T E PAG E

www.design-cayman.ky SE E AD PAG E 252

Tel: (345) 938 1009

Tel: (345) 925 4909 www.bdcl.ky

Build Cayman Limited Tel: (345) 925 8517

Cindy O’Hara MRAIC, LEED AP, ICIA

Email: info@buildcayman.ky or

Design (Cayman) Limited

sales@buildcayman.ky

Tel: (345) 916 1356

www.buildcayman.ky

www.design-cayman.ky SE E AD PAG E 252

General contracting, construction management,

18

property and project management, design-build turn key services.

www. c a y m a n r e s i d e n t . c o m

B U I L D I N G I N C AY M A N

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259


Encompass Ltd. Tel: (345) 938 0850 Email: ekline@encompasscayman.com www.encompasscayman.com Encompass Cayman provides project management services for a more hands on construction process, and a more integrated role in the fiscal aspects of the project. SE E AD PAG E 250 Virtue Construction 68 Mary Street, George Town Tel: (345) 926 0094 Email: virtueconstruction@outlook.com. www.virtueconstruction.ky Virtue Construction Ltd. has over 25 years of experience in the construction industry, bringing a broad scope of services and skills, proven efficient management practices, and unmatched

18

sophistication to the table. Services include LEED, multi-family builds, condominiums, commercial builds, and public infrastructure. SE E AD PAG E 249

B U I L D I N G I N C AY M A N

General Contractors www.dpeconomyservices.com

dpeconomyservices@gmail.com

Get Social With Us!

AMB Construction Tel: (345) 525 4632 Email: info@ambltd.org www.ambconstructioncayman.com AMB Construction is service driven, specialising in residential and commercial builds, fit-outs, renovations relationships

and

repairs.

with

With

building

excellent

professionals,

developers, architects, subcontractors and suppliers that help expedite key responsibilities. AMB ensures that the client’s quality project begins and finishes on schedule with an efficient transition to facility opening and operation. SE E AD OP P OSI T E PAG E

DP Economy Services Ltd. 325 Owen Roberts Drive, George Town

Our Services: Residential Commercial Marine Hardscaping Decorative Concrete Renovations Office Fitouts Home Inspection

Tel: (345) 321 7562 Email: dpeconomyservices@gmail.com www.dpeconomyservices.com Be it a full apartment, home renovation or just a kitchen or bathroom remodelling stint, DP Economy Services Ltd can address your renovation needs in the fastest possible time

CONSTRUCTION 260

CAYMANRESIDENT 2022

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1.345.5263428 robson@robson.construction www.robson.construction

without sacrificing on quality of delivery or workmanship.

They

provide

Remodelling,

Renovation, Plumbing, Electrical, Carpentry and General Repairs & Maintenance services at


competitive pricing. SEE AD PAGE 260

company owned by Greg Abernethy, who

BCQS International

brings over 25 years of experience to his clients.

Tel: (345) 949 8644

Encompass Ltd.

Specialising in legal boundary re-establishments,

The Strand, West Bay Road

subdivisions,

Tel: (345) 938 0850

incorporations, Abernethy & Associates use the

A1 Plaza Venezia, North Sound Road

Email: ekline@encompasscayman.com

latest GPS technology and are fully equipped to

Tel: (345) 623 2772

www.encompasscayman.com

perform civil engineering and building set outs.

Email: info@charterland.ky

Encompass Ltd. specialises in creating

SE E AD PAG E 262

www.charterland.ky

combinations

and

strata

Charterland

homes that are inspirational, providing

Professional

comprehensive

WestPoint Inspections

surveying and cost consulting, valuations and

Tel: (345) 936 2454

appraisals, feasibility studies, commercial,

Renovation/Remodel

and Custom Design/Build services. Their experienced team of professionals have in-depth

residential and strata property management and insurance loss adjusting.

luxury homes and resorts enabling them

Blue Point Consultants

DDL Studio Ltd.

to execute extraordinary Residential and

Tel: (345) 525 0706

Tel: (345) 943 3622

Commercial builds. SE E AD PAG E 250

Email: info@bluepointproperty.com

Email: info@ddlstudio.com

www.bluepointproperty.com

www.ddlstudio.com

Robson Construction

RICS registered valuer offering property

DDL Studio Ltd. is fully regulated and recognised

Tel: (345) 526 3428

valuations, development appraisals, feasibility

by the Royal Institution of Chartered Surveyors

Email: robson@robson.construction

studies, acquisitions and disposals, consulting

(RICS) as a provider of valuation and appraisal

www.robson.construction

on landlord and tenant issues, property

services. Their experienced qualified staff

Construction

searches, reinstatement cost for insurance

strive to achieve defined deadlines with

specialises in new residential construction,

purposes and loss adjusting. Specialising in

professional and accurate results, providing

large

hotels and resorts. SE E AD PAG E 173

valuation services for all types of commercial,

development

Robson

construction,

light

commercial and industrial construction. They provide quality work in a timely manner and work directly with an established network of local building and design professionals. SE E AD OP P OSI T E PAG E

COMMERCIAL | RESIDENTIAL | BUILDER | RENOVATOR

SSH Cayman Ltd. 18 McField Lane, George Town Tel: (345) 926 8404 Email: info@sshcayman.com www.sshcayman.ky SSH Cayman Ltd. provides construction materials for all renovation, new development, commercial

and

residential

needs.

The

materials they offer include tiles, mosaics, windows, doors, railings, shower glass, glass, bathrooms, vanities, techwood and awnings. They deliver products direct from the supplier to your project. SE E AD PAG E 240

Land Surveyors Abernethy & Associates Ltd. 96 Mary Street, George Town Tel: (345) 947 1582 Email: info@survey.ky or www.survey.ky

LIFESTYLE | QUALITY | INNOVATION 148 David Foster Drive, Barcadere Warehouse Park Building C-Unit 202 P.O Box 30909 KY1-1204 Grand Cayman, Cayman Islands. T: 345 525 4632 / 34 | W: ambconstructioncayman.com | E: info@ambltd.org Visit us on Facebook

Abernethy & Associates Ltd. is a land surveying

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B U I L D I N G I N C AY M A N

1995,

multi-faceted

Quantity

Quantity Surveyors & Project Managers

in

and

include:

skillsets surrounding the construction of

Founded

knowledge

services


residential and specialised properties as well as

dispute resolution. SE E AD T H I S PAG E & PAG E 173

quantity surveying and project management. SE E AD PAG E 259

JEC Property Consultants Ltd. Tel: (345) 945 5930 Email: contact@jec.ky or www.jec.ky Services: Development advice, development feasibility studies and appraisals, construction cost estimating, construction and project management, quantity

surveying

and

construction

cost

management, construction contract advice and

Structural Engineers Structural engineers work as part of a team alongside architects, builders and other engineers to ensure buildings work well in practice, i.e. are strong enough to support the weight of forces against them, such as people, equipment, gravity and weather. Structural engineers are also concerned with the safety of a building, relying on building codes and material standards to

ensure public safety and prevent structural failure. Instances like the 2021 collapse of the Champlain Towers South complex in Miami, Florida, remind us of the importance of reinforcing compliance with building codes and regulations during design, construction and the subsequent life of a building. The following list of companies have skilled structural engineers on staff who can assist with your building and design needs. AMR Consulting Tel: (345) 949 2716 APEC Consulting Engineers Tel: (345) 949 5858

18

Bringing a higher level of service to our clients Reliable, Accurate & Efficient with over 20 years experience Boundary re-establishments | Subdivisions Combinations | Strata Surveys | Topographical surveys

B U I L D I N G I N C AY M A N

CALL FOR A FREE ESTIMATE: 345.947.1582 M: 345.925.2816 • info@survey.ky • www.survey.ky

Reed Consulting Engineers Tel: (345) 623 2444 Trio Architecture Tel: (345) 525 0777 Email: mike@trioarchitects.com www.trioarchitects.com Mike Stroh created Trio Architecture in 2006 to offer the highest level of architectural,

Valuation Management Advisory

THE CAYMAN ISLANDS TRUSTED PROPERTY PROFESSIONALS FOR OVER 35 YEARS

interior design, and engineering services to the Caribbean and South Florida. Their professional expertise covers commercial, hospitality and residential projects. Services

Property & Facilities Management Project & Construction Management Development Consulting Insurance Services Dispute Resolution Quantity Surveying Property Valuations

include:

architecture,

engineering,

schematic

interior and

design,

conceptual

design, construction administration, and more. SE E AD PAG E 251 WestPoint Inspections Tel: (345) 936 2454 Email: info@westpoint-inspections.com www.westpoint-inspections.com They

provide

comprehensive

home

inspections, including full examinations of homes, which include structural integrity,

THE

exterior and site, all interior components, appliances and mechanical, electrical and plumbing systems. SE E AD PAG E 171

96 Mary Street, George Town Grand Cayman, Cayman Islands

262

CAYMANRESIDENT 2022

jec.ky 945-5930 contact@jec.ky

»

Tell them you saw it in the


Transportation

C

ayman’s roads have undergone many changes recently and it seems there is no end in sight. With hopes of alleviating the Island’s rush-hour traffic congestion, many road developments have taken place: the expansion of the Linford Pierson Highway; the extension of Elgin Avenue and Crewe Road realignment. Although this has significantly improved traffic, it has pushed the bottleneck elsewhere, meaning new road developments are perpetually underway. Over the next two years, the National Roads Authority will continue working on five main projects:

>

Godfrey Nixon Way will be extended to connect Eastern Avenue and the main George Town area.

>

Grand Harbour widening and improvement: additional lanes will be added in each direction from the CUC roundabout by Kings Sports Centre to the Auto Spa roundabout.

>

Airport Connector Road: the new roundabout by Cayman International School will be linked to Sparky’s Drive in the Industrial Park. Eventually, the road will link to the Owen Roberts International Airport.

>

East-West Arterial widening: a 0.6 mile long stretch of the highway will be widened to four lanes from the Doctors Hospital roundabout to Poindexter Road.

>

East-West Arterial Road expansion: this highway will be extended from Savannah to Lookout Gardens pending an Environmental

Rules of the Road - Roundabouts - School Buses & School Zones - Children & Car Seats

264 264 265 265

Legal Requirements - Driving Licences - Licensing your Vehicle - Car Insurance

266 266 268 269

Rental Cars

270

Leasing a Vehicle

270

Importing a Vehicle - Shipping Costs & Details - Duty Costs of Importing a Car

270 271 272

Buying a New Car - New Car Dealers

272 273

Buying a Used Car - Used Car Dealers

273 273

Hybrid & Electric Cars

274

Car Maintenance & Repair - Tyres & Batteries - Roadside Assistance - Car Cleaning - Disposing of a Vehicle

274 275 275 276 276

Alternative Transportation - Motorcycles & Scooters - Bicycles - Public Transport

276 276 277 277

Drinking & Driving

265

Cell Phones, Texting & Driving

266

19

T R A N S P O R TAT I O N

Photos courtesy of Rebecca Davidson and Julie Corsetti

Everything you need to know about the rules of the road, licences, insurance, buying, renting or importing a car, maintenance and alternative forms of transportation.

Impact Assessment (EIA).

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T R A N S P O R TAT I O N

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There is debate as to whether these changes will have a lasting effect on reducing traffic congestion or if widening the roads is more of a temporary solution. According to Government records in December 2020, there were 67,167 cars on Cayman’s roads and 54,463 drivers licences registered with the DVDL. To tackle unlicensed vehicles, the Government has announced plans to install several fixed scanners along Cayman’s road network, the first of which was mounted along South Sound Road and the Camana Bay tunnel. The scanners will read details from the vehicle’s electronic number plate, and the information collected will determine the status of the licence, registration, and insurance. Eventually, these machines may even be able to issue electronic tickets, but for now their purpose is to collect information for the police and traffic department, and crack down on traffic and licensing violations. It is unsurprising that owning and driving your own car is the most convenient, comfortable and speedy mode of transport in the Cayman Islands. Temperature, precarious driving and the lack of sidewalks or adequate bike paths rule out the options of walking or cycling for most people. The local bus network is intermittent and does not cover all areas. In addition, waiting in the hot sunshine to then sit on a crowded minibus with little, or no air conditioning, is not everyone’s idea of the ideal daily commute. There are some major bonuses that Cayman car travel retains: little traffic (outside of rush-hour), free parking in most locations and virtually no traffic wardens! If you are a couple or have a family, then the discussion will arise as to whether you need one car or two. Depending on which district of the Island you live and work, you may need two cars, unless you are prepared to be entirely beholden to the person that has the car. 264

CAYMANRESIDENT 2022

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of an accident involving injury to a person/

RULES OF THE ROAD

There are over 135 different nationalities represented in Cayman, which means there are drivers from all around the world where traffic laws can be quite different. It is therefore crucial that drivers know the rules of Cayman’s roads.

animal/vehicle, you must exchange names, addresses, DOB, registration numbers and your insurance details. Or report the accident to the police within 24 hours

>

Tinted car windows: Front windows can be tinted but must allow a minimum of 35% light transmission through. Rear windows can be made darker to a maximum of 15%.

Visit www.dvdl.gov.ky for more information. Here’s what you need to know:

> > >

four-way stop first after making a full stop,

Roundabouts Roundabouts have proven so popular as a means of controlling traffic flow that there are now over two dozen located around Grand Cayman, including a couple of three-lane roundabouts. If you are unfamiliar with how roundabouts work and want to avoid an accident, then please learn these rules:

proceeds first

1) Always travel around a roundabout in

We drive on the left-hand side of the road Seatbelts must be worn by all passengers Turning left on a red light, only after a full stop, is allowed and is legal

>

Using a mobile phone (unless hands-free) while driving is illegal

>

We have a few four-way stops. These work on the basis of whoever gets to the

> > >

The speed limit on the Island varies between

a clockwise direction. Never turn right

25mph-50mph. Speeding tickets are freely

onto a roundabout or you will turn into the

dispersed to people who go over the limit

oncoming, one-way traffic!

The speed limit for school zones is 15mph

2) All traffic approaching a roundabout must

when a) amber lights are flashing or b) road

yield to the traffic that is already on it that is

markings or signs are posted

coming from your right. All vehicles already

All drivers must give way to pedestrians on

on the roundabout have right of way and

pedestrian crossings

> > > >

Headlights must be fitted to dip left. Those

you must wait for space to get onto it. 3) Use your indicators when approaching or

importing cars from the US take note

exiting a roundabout. When turning left,

The use of fog lights is not allowed

stay in the left lane. When going straight

You cannot overtake if there is a solid single

across or turning right, you should indicate

or double white (or yellow) line in the centre

right as you approach the roundabout and

of the road

then as you near your exit, indicate left.

Accidents: The law requires that in the event

Make sure not to overtake while on the roundabout. If a car is to your right and they


want to turn left, they have the right of way and you may be in their blind spot. 4) When using mini single-lane roundabouts, merge left when space is available and keep left of the painted circle until you reach your exit. All other cars must yield to the vehicle on the roundabout. 5) When using multi-lane roundabouts, keep in the left-hand lane if taking the first or second exit. Keep in the right-hand lane if

a bus that is letting children off, stop at least 20ft away and wait until the bus has pulled away before you continue driving. You should also pay attention to the 15mph speed limits in designated school zones to ensure the safety of youngsters. At certain times of the day, warning lights flash outside the schools, indicating to drivers that they need to reduce their speed to 15mph.

taking a subsequent exit and maintain your position in the centre lane until the exit prior to the one you will be taking. When moving from the centre lane to the outer lane prior to exiting, check your mirrors to ensure someone is not overtaking you on the outside. Use your indicators! See diagram on previous page for guidance. 6) When driving on a three-lane roundabout for the first time it is important to use caution. Know your intended exit as you approach and ensure you are in

Children & Car Seats The Cayman Islands Traffic Seat Belts Regulations 2012 states that any child travelling in a motor vehicle must wear a seatbelt or, for those under two, be seated in a car seat attached by a seatbelt. It also states that a rear facing child’s car seat must not be fitted in a seat with a front airbag. Children’s car seats can be purchased from Baby Express. EcayTrade also has second hand options.

the correct lane. When driving on this lane if taking the first exit and indicate

Drinking and Driving Although the drinking and driving

left, b) Keep in the middle lane if driving straight ahead and follow the lane

THREE LANE ROUNDABOUTS HOW TO USE THEM

marked with a straight-through arrow. Indicate left just before you exit, c) If taking a subsequent exit, use the righthand lane and indicate right, switching to your left indicator just before reaching

TO TURN LEFT

your exit. When moving from the inner

TO TURN RIGHT

DRIVE STRAIGHT AHEAD

lane to outer lane prior to exiting, check your mirrors to ensure that no one is overtaking you on the outside.

Using the Centre Turning Lane The turning lane in the centre of some roads is designed to help drivers turn without holding up other drivers. The lane should never be used for overtaking. School Buses & School Zones Under the Traffic Act, when a school bus has its lights flashing and has stopped to allow children to get on or off, drivers are not permitted to pass the bus. This applies to vehicles approaching the bus from the opposite lane, as well as those behind the bus. If you approach

To turn left, you always approach in the left hand lane and indicate left.

To drive straight ahead get in one of the lanes marked with a straight arrow.

If turning right you must use the right hand lane and indicate accordingly.

THREE-LANE ROUNDABOUT REMINDERS • • •

Know your exit Pick your lane and pay attention to lane arrows and signs Always use your indicators and check your mirrors 370 N Sound Rd, George Town

+1 345-946-7780

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nra@nra.ky

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roundabout: a) Keep in the left-hand

rules in Cayman are strict, it continues to be the leading cause of fatalities and serious collisions on Cayman’s roads. In an attempt to combat this issue, in May 2021 the RCIPS launched Operation Quaker – a task force set out to catch and hold accountable Cayman’s most reckless drivers. In the month of June 2021, around 38 people were arrested on suspicion of driving under the influence (DUI), 175 tickets were issued, mainly for speeding, and police responded to roughly 58 collisions. These figures reflect incidents that took place only on the weekends, as this is when many of the tragic road accidents have occurred, and therefore when an increased police presence on the roads was deemed necessary. For more information and updates on the operation visit www. rcips.ky. Drivers in Cayman should be reminded that the legal blood-alcohol limit for the Cayman Islands is 0.100% (100mg of alcohol in 100ml of blood).


If you are caught either driving or sitting in the drivers seat of a car, and you are over the legal limit, you will be fined CI$1,000 or imprisoned for six months and you will lose your driving licence for a year. Having a DUI conviction can also affect your ability to obtain a work permit in the Cayman Islands. Cell Phones, Texting & Driving A CI$150 fine is automatically issued to anyone seen driving while talking

T R A N S P O R TAT I O N

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on a mobile phone unless it is handsfree or mounted. In section 78 of the Traffic Act (2011) it states: “in order to use your cellular device while driving it must be “hands free” with no more than one action of pressing a button to accept and end a call.” You are also able to legally use your phone while driving if you are calling 911 to report an emergency and it is impractical to pull over your vehicle.

LEGAL REQUIREMENTS

DRIVING LICENCES Theory & Driving Tests for NonLicence Holders For those who don’t have a full driving licence, the path is fairly routine, but the process is quite slow. First, you have to apply at one of the Department of Vehicle & Drivers’ Licensing (DVDL) offices for an appointment for a theory test of driving knowledge. You have 40 minutes to answer 40 multiple choice questions (on a touch screen computer) of which you must get 80% correct. The test costs CI$25 and if there is space available you can take the test at the time of booking. Take your passport on all visits to the DVDL test centre for proof of identification. In the Cayman Islands you have to be 17 years old and a day to be qualified to apply for a licence. To learn all you need to know to pass the written test, the DVDL recommends that you review their official Road Code booklet which can be found on their website, as well as parts of the Traffic Act 2011 and all of the Traffic Regulations 2012. Their website, www.dvdl.gov. ky, has a wealth of information on it, including links to all the traffic laws. Alternatively, there is a very detailed and well informed driving instruction book called ‘Drive Safely in Cayman’ by Graham Walker, who started teaching driving in Cayman in 1992. He has retired from teaching on the road but still updates his book every other year. It costs CI$20 at local booksellers. Having passed the theory test, you can then obtain a learner’s licence for CI$60, which is valid for six months, and allows you to drive whilst accompanied by someone with a full Cayman licence (who has been qualified for two years). An ‘L’ plate must be visible on the front and back of the vehicle. Also make sure that your car insurance policy covers a learner driver; most will require that the learner is put on the insurance. Four weeks after obtaining the


provisional licence, the practical road test can be taken for a fee of CI$50. Note that it cannot be taken earlier than the four weeks or later than six months after obtaining the provisional licence. You can book an appointment for the practical road test in advance after passing the written test. After successfully passing the practical test, a full, unrestricted licence will be given. Note that there is no difference in a driving licence for automatic or standard shift (manual) cars. You can take your test in either type of car and then drive whatever you like. A full driver’s licence will be issued when both exams are passed. For Groups 0-3 there will be a fee of CI$75 for three years or $125 for five years. For group 4+ it is $120 for three years, $200 for five years or $400 for ten years.

Converting an Existing Licence According to the Traffic (Amendment) Act (2018) if you have a full, valid domestic driving licence from a Convention country – a country within either the Geneva, Vienna or Paris Convention on Road Traffic Agreement (see www.dvdl. gov.ky for a full list of applicable countries) – you may drive on it for a period not exceeding six months. You must then take (and pass) the written theory test before your licence can be converted to a Cayman driver’s licence. However, if

to drive in Cayman for up to six months before having to pass the written theory test to be issued with a Cayman driver’s licence. If you wait longer than six months, you will also have to pass the practical road test.

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Have a full, valid domestic driver’s licence not from Convention country. You can drive for one month in Cayman, but only a motor car, a truck not exceeding 8,500lbs, or a motorcycle under 125cc. To legally drive thereafter, you must obtain a Cayman driving licence by passing both the written theory and the practical road tests.

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Have a full Cayman driving licence. Cayman driving licences are only valid for either three, five or 10 years. You will need to get your licence renewed promptly or you are effectively driving without a licence and therefore driving illegally. If caught driving without a valid licence, you will be suspended for a year.

You must have your driving licence and a copy of your car insurance with you at all times when driving. Brand new drivers licences can be obtained for three or five years and cost between CI$75 and CI$200, depending on the category of vehicle. For those needing their Cayman licence renewed the cost is CI$75 for three years or CI$125 for five years for Groups 0-3 or CI$120 for three years or CI$200 for five years for Groups 4. If you are a visitor (i.e. not a resident and you don’t have a work permit):

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You can drive in Cayman provided you have a valid driver’s licence and insurance coverage.

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Visitors who have a full, valid driver’s licence from a convention country can drive for six months in Cayman.

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Visitors who have a full, valid driver’s licence

If you are a legal resident, then you can drive on Cayman’s roads if you:

not from a convention country can drive

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Have an International Driver’s permit. As

they only drive a motor car, a truck not

long as it is valid, you are exempted from

exceeding 8,500lbs, or a motorcycle under

the requirement to hold a Cayman driver’s

125cc. (Section 29A Traffic Act 2021)

licence and can, therefore, drive legally on it.

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Have a full, valid domestic driver’s licence from a convention country. You will be able

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for one month in Cayman provided that

It should also be noted that if you lend your car or truck to a visitor, you must ensure they have a valid driving licence,

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Driving Instructors Brand new drivers to Cayman’s roads should organise driving lessons with the following instructors who have been approved by the Department of Vehicle & Driver’s Licensing: The Real Thing Driving School - Burmon Scott Tel: (345) 927 1698. His wife, Cherry Marie Scott, gives a 2-hour theory lesson and pre-test on the driving rules, Tel: (345) 928 8284. Martin’s School of Motoring Tel: (345) 923 7218. Clifton Dennis Tel: (345) 927 4911. For lessons in riding a motor bike, call CIMRA Motor Cycle Riders - Keith Keller Tel: (345) 945 7433.

you fail to complete this transfer during those six months, then you will have to take both tests (theory and practical) in order to get a local driver’s licence. This basically means that people from all the major European countries, most major English speaking countries (including Canada, the USA and South Africa), and a handful of Caribbean countries, are entitled to obtain a Cayman driving licence after they have passed the written theory test. You then have the option of getting a driver’s licence that is valid for three, five, or ten years. If you currently have a learner’s permit or are enroled in the Graduated Driver’s Licensing Program from another country, then you will have to schedule to take both the written theory and practical road tests in Cayman. If you have an International Driving permit, you can legally drive on it for as long as it is valid. However, you cannot convert an International Driving permit to a Cayman driver’s licence. If you have a full, valid driving licence from a country that is not a Convention country, then under section 29 of Traffic Act (2021 Revision) you are allowed to drive for six months, provided that you drive a motor car, a truck not exceeding 8,500lbs, or a motorcycle under 125cc. After one month you are required to pass both the written theory and practical road tests. However, you do not need to hold a learner’s licence in order to sit the practical road test as you already have driving experience. If you are caught driving without a valid licence, then there is an automatic CI$4,000 fine or imprisonment for up to 12 months. See below for a full recap:


otherwise they will be deemed to be driving illegally and this could invalidate your insurance. Having said all of this, you need to be very clear on what your insurance company requires before covering you. Some policies have very strict age limitations; some will not insure people until they are nearer the age of 21, 23 or even 25 years of age. Additionally, most insurance companies will not insure new drivers to drive an SUV until they have had a licence for one year.

T R A N S P O R TAT I O N

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Obtaining a Driving Record A driving record can be obtained from the DVDL which outlines the driver’s licence history in Cayman. The document costs CI$75 and takes approximately three working days to be processed. Obtain this before leaving the Island if you are intending to drive overseas in places such as Canada where you will not be issued, or reissued, a Canadian driver’s licence without it. DVDL Offices The Department of Vehicle and Drivers’ Licensing (DVDL) is authorised to inspect and test vehicles, register motor vehicles and maintain the register, issue licences in respect of motor vehicles and drivers, and conduct driving tests. The Department of Vehicle & Drivers’ driving Licensing (DVDL) has three locations in Grand Cayman:

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990 Crewe Road, Red Bay, Tel: (345) 945 8344, Email: dvdl.helpdesk@gov.ky or Web: www.dvdl.gov.ky. Open: Monday-Friday 8.30am-4pm

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9 Reverend Blackman Road, West Bay (Across from the West Bay Police Station) Tel: (345) 949 7231, Email: dvdl.helpdesk@ gov.ky or Web: www.dvdl.gov.ky. Open: Tuesday-Friday

10am-6pm,

Saturday

9am-4pm

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Breakers, Frank Sound (across Sea View Road from the South Coast Bar and Grill) Tel: (345) 244 5528, Email: dvdl.helpdesk@ gov.ky or Web: www.dvdl.gov.ky. Open: Tuesday-Friday

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10am-6pm,

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CAYMANRESIDENT 2022

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9am-4pm The Department of Vehicle & Drivers’ Licensing (DVDL) in Cayman Brac and Little Cayman:

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Cayman

Brac

District

Administration

Building. Tel: (345) 948 2222. Open: Monday-Friday 8.30am-4pm

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Little

Cayman

District

Administration

Building, Tel: (345) 948 1051. Open: Every other Thursday 9am-2.30pm

LICENSING YOUR VEHICLE Your vehicle will need to be inspected and licensed by the DVDL. Avoid doing this on rainy days, as they will not inspect the cars if it is raining, or at the beginning and end of the month as they get very busy. You can have your car inspected and its registration renewed for up to 30 days before the expiry date. You can also renew your vehicle and driving licence online, just follow the tab on the DVDL website. No more waiting in line! You will still have to get your car inspected, but that process is usually quite quick and once they confirm your car has passed, the information will be recorded in their computer system. The law does not require you to have a Cayman licence to register a car in your name, but if you are registering it in the name of a company, you must have a certificate of good standing from the Registrar of Companies, located on the ground floor of the Government Administration Building. The minimum cost for one year’s inspection and licensing for a regular four-seater car or SUV up to 2500cc is CI$215 (CI$180 registration, CI$35 inspection). Any vehicle that exceeds 2500cc costs CI$235. A Hummer costs between CI$535 and CI$1,035 per year. A truck up to 8500 lbs costs $400 per year ($40 for inspection). Disabled vehicles have no annual licensing fee unless you own two, in which case you must pay standard fees for the second vehicle. Scooters, trucks and taxis have different prices for both inspection and licensing. Vehicle inspections are offered at the

Crewe Road and Breakers locations, but not at the West Bay location. You can also have your vehicle inspected at various automotive repair shops and many people will combine an annual car service with the car inspection process. You can find a list of approved private garages on the DVDL website. The garage will issue you with a Certificate of Roadworthiness, which you then take to the Vehicle & Licensing Department when you go to renew the licence on your car. Depending on the age of the vehicle, it can be inspected and licensed for one, three or five years. For five years, the vehicle must be brand new and not previously licensed in any country. Vehicles licensed for three years must not be older than ten years from the date of manufacture. The purchase of licence plates is CI$75 per set. Personalised plates can also be purchased for CI$400 per set (replacements cost CI$30). With the new electronic licence plates, you are required to place the coupon at the top centre of the windshield, directly below the rear-view mirror. This makes it easily accessible for scanning by law enforcement. However, if you still have old plates, place the coupon within six inches of the edge on the left side or driver side, with the time period facing outside of the car. Disabled Parking Badge To obtain a disabled parking badge, you can collect a form from the DVDL or download a PDF version from the DVDL website and have a licensed physician fill out the relevant portions, stating whether it needs to be temporary or permanent. Your application will then be reviewed and if approved, you can purchase a tag for $5 or you can choose to pay a fee of CI$75 for a licence plate. Visitors may use their international disabled parking badge for the duration of the trip to legally park in the designated spots.


CAR INSURANCE You can transfer ownership of a car