The Basics of Buying Property in the Cayman Islands

February 10, 2015 by  
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Summary: Everything you need to know to purchase property in Grand Cayman.

Considering buying property in the Cayman Islands? The government makes it easy to pass properties down to your children, and you can use Cayman Islands property rentals to accrue tax-free income. There are multiple benefits to owning property here, and that begins with knowing the basics.

No Requirements

Unlike other parts of the Caribbean, there are no requirements for off-shore investors to buy property. No proof of income, no residency requirements and no bank accounts required. You may purchase property on the islands as long as you pay the stamp duty due at time of sale, but the properties carry no other financial restrictions unless you sell or rent long-term. If you hire a Cayman property management firm, which is recommended, the cost is often offset by value from renters or increased equity.

Tax Free

Tax free doesn’t mean cost free. There are still some of the usual bills to pay during closing time, like agents fees, but you won’t owe annual taxes on the property. If you decide that you want to rent the property, for any length of time, you also won’t pay taxes on income that property accrues for you. Always consult a tax professional before you make a move like this, but the Cayman Islands have historically been viewed as a safe vessel to store money in the form of real estate.

If you hire Cayman residential property management to act as custodian for the property, your investment is basically on auto-pilot. They collect checks, maintain and clean, and work on behalf of the owner.

Bio: REM Services specializes in property management for properties in Grand Cayman, including commercial and residential rentals.

Grand Cayman: Car rental and driving tips

February 9, 2015 by  
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Written by Andys Rent-A-Car

The most appropriate way to travel on the Cayman Islands and in Grand Cayman is by car. Car rental agencies and taxi services can be found at the international airport. While travelling on sister islands such as Little Cayman or Cayman Brac might be done on mopeds, renting a car is by far one of the most effective ways to get around freely. It is also the most preferred one as it allows tourists to discover the island at their own pace. This is particularly the case for people wishing to explore the Seven Mile Beach.

There are certain aspects that need to be taken into consideration while driving in the Cayman Islands. The most important one is that the island is a British overseas territory. As such, driving is on the left instead of being on the right. Visitors who are used to driving in the opposite direction might be wary of this information.

Car rental companies in Grand Cayman have a lot of vehicles to choose from. Some common types of vehicles that can be rented are convertibles, jeeps, sedans and some vans. The choice of the most appropriate type of vehicle would depend on the itinerary of the visitor. Some visitors might opt to hit the rough roads and would be needing a jeep. If you are seeking speed and luxury, a convertible would be more appropriate. Larger vehicles such as vans are cost-effective solutions, especially for people traveling in large groups.

Andy’s Rent-A-Car proposes a large choice of vehicles including rental cars in Grand Cayman. Their services answer the Cayman car rentals needs of tourists.

Exploring the UAE

February 8, 2015 by  
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Written by Monte Carlo Rent A Car, LLC

There are several great ways to explore the UAE. The place is so vast that it might even take months to see every corner of the region. However, embarking into an exploration project certainly promises some great adventures.

On Land

The UAE might be known for its busy towns and city life. However, some places allow visitors to just camp under the starlight away from the noise and animation of the city. The desert is perfect for this. For instance the Dubai Desert Conservation Reserve is an excellent camping site. When exploring the UAE by land, there are some necessities that travelers would need to bring along. Camping staples such as food and water, first-aid kits and maps and GPS systems are essential.

On Water

The UAE offer several possibilities to explore the region via the water route. For instance, dhow excursions are quite popular. The dhow is a traditional Arab sailing vessel that was invented centuries ago. These are ancestors to our modern ships. Several hotels in the UAE have partnerships with dhow operators and offer their customers a trip as part of their package.

In The Air

If you have a flying license, the Fujairah Aviation Centre offers the possibility to carry out a trial-flight session. Alternatively, tourists often opt for helicopter rides over Dubai. The view is absolutely amazing. For those who are not weak at heart, skydiving is another way to explore the UAE by air.

Monte Carlo Rent A Car LLC offers Car rentals in Abu Dhabi, Dubai, UAE. The company can also be contacted for long term car rental in Dubai International Airport and car rental Abu Dhabi.

Five Animals Indigenous to Anchorage

February 4, 2015 by  
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By Samuel Phineas Upham

Anchorage is one of the most unique places to visit on the planet. It has the night life you want from a city, with the quietness and solitude of country living. The appeal extends into the surrounding area, where it’s quite possible to have encounters with local wildlife in an up close and personal experience. Here are five animals native to the area that should be relatively easy to spot.

Moose

No trip to Alaska would be complete without a moose sighting. Moose often walk right up to people’s houses and munch on shrubbery in gardens. Alaskans might consider them a nuisance sometimes, but they are undeniably majestic.

Bears

Three species of bear inhabit the Alaskan area, and local parks have bear viewing tours you can take to find and observe them safely. Try Denali State Park to meet a brown or grizzly bear up close.

Caribou

A small herd of caribou seems to inhabit the area near Kenai, but you can find them all over Denali State Park. These animals have hollow hair that insulates their body during cold temperatures. Caribou can dive into freezing waters and barely feel the temperature, and both sexes grow antlers.

Beluga Whales

Take a trip to Cook Inlet and you’re likely to see Beluga whales chasing salmon around the natural waters of Anchorage. If that doesn’t impress you enough, Orcas and Grays are visible on the cruise that departs from Whittier.

Wolves

Alaska has a population of sheep, consisting mostly of lambs and young rams. As a result, it’s not hard to spot one of several wolf packs that roam the area.


About the Author: Samuel Phineas Upham is an investor at a family office/ hedgefund, where he focuses on special situation illiquid investing. Before this position, Phin Upham was working at Morgan Stanley in the Media & Technology group. You may contact Phin on his Samuel Phineas Upham website or LinkedIn.