Government & Policy

Cayman Elections 2025: What it Means for the Real Estate Industry

The results of the Cayman Islands’ 2025 general election, held on April 30, have ushered in a new chapter that will continue to shape the future of real estate across the islands. With Premier André Ebanks at the helm of a coalition government made up of The Caymanian Community Party (TCCP), the Cayman Islands National Party (CINP), and several independent...

CIDB makes home ownership more affordable for first-time Caymanian buyers

With the cost of living in Cayman already higher than most countries in the world, the continued uptrend in interest rates not only threaten to extinguish the average family’s dreams of owning a new home, but also puts them at risk of losing the one they already have. Just this week, the US Federal Reserve passed its second consecutive 0.75%...

Phase 5 of Cayman Reopening Now in Effect

The new year opened with great news for families waiting to travel to the Cayman Islands as the country entered Phase 5 of its reopening plan last January 20, easing travel restrictions for children. Under Phase 5, children under 12 years who arrive as travelers — whether Caymanians, residents or visitors — will be permitted to enter the country and...

Reopening Borders Vital to Cayman Real Estate Industry

Update: Borders to ReOpen on November 20th, 2021 Update from from Gov.ky (Cayman Government Website) on Border ReOpening Just days ahead of the much-anticipated Phase 4 of Cayman Islands’ reopening plan on November 20, business leaders across multiple industries continue to clamor for a full reopening of its borders for fear of long-term damage to people’s livelihood and to the local economy...

Cayman Elections 2021 and the Real Estate Industry

Caymanians proudly exercised their rights and made their voices heard when they trooped to the polls last April 14 to vote for the 19 members of their newly established Parliament -- previously known as the Legislative Assembly until it was  changed by recent amendments to the constitution. Newly elected premiere Wayne Panton has also announced his Cabinet members under the...

Covid19 Impacts and Updates in the Cayman Islands

Cayman locals “back to business” while waiting for borders to reopen While millions of people around the world are still struggling to structure their daily lives around strict mask-wearing and social distancing protocols, along with the continued closure of public venues like theaters, cinemas, recreation centers and sports arenas, residents of the Cayman Islands have already been enjoying the perks...

Coronavirus Update, We are back!

We are happy to announce that the Cayman Islands Government has allowed Real Estate offices to start property showings. Our Offices at #4 Galleria Plaza will be open from 9am to 1pm starting Wednesday June 3rd, 2020. If you wish to meet with an agent, please make an appointment by emailing us at info@eracayman.com or calling +1 (345) 945 6000 so we are able...

Brexit effects could be felt in Cayman

Okay folks, Brexit is a big news story. It’s been plastered all over the BBC and corresponding news outlets all over Europe and the rest of the world. It has huge and complex implications for the business world and people’s personal lives in kind. Companies are relocating to more favorable jurisdictions; travel will become more arduous across the British Isles...

Tougher Boating Regulations

Miller Back Again Advocating Tougher Boating Regulations By Johnny Pohlmann Accidents on the water are all too common in the Caribbean. New Legislation With the vast amount of commercial and recreational boating that is undertaken in an area where commerce and fun centralize on the sea – oftentimes accidents and injuries occur. Recently there was a horrific boating accident in...

Beneficial Ownership Registers Coming to the Islands

‘Oh the times they are a-changin’!  Well, at least in many of the British Crown Dependencies. Opening Up Recently the Isle of Man, Jersey and Guernsey announced that they intended to open up on just who the true owners of companies are in their territories. This decision would disclose information on the beneficial ownership in the offshore territories and make...

Developers Rush to Avoid Loophole Closure

Property Development Property development in the Cayman Islands has been moving at a fevered clip lately, as anyone who spends any length of time here can clearly see. This booming building activity has increased even more lately as property developers are rushing to get approval for the projects in the wake of the announcement that the Central Planning Authority recently...

History Made as Cruise Petition Formally Submitted

History was made recently in the Cayman Islands as a controversial cruise port petition was formally submitted to the Elections Office. The petition demands that there be a people’s vote for the massive civic effort being proposed in the territory’s capitol harbour. This marks the first time in Cayman’s history that citizens have attempted to utilise a clause in the...

Utilities Regulator Issues a Demand for More Investigative Power

Article Snapshot According to OfReg CEO Alee Fa’amoe, a staggering number of Cayman’s communications providers failed to provide information required by the Utility Competition and Regulation Office (OfReg) for a 2018 investigation. To ensure that these companies do not go unchecked, the OfReg is asking the government to provide them with the power to obtain search warrants. OfReg claims that...

Continued Momentum for the Cruise Port Referendum

Article Snapshot The Cruise Port Referendum isn’t slowing down. Campaigners are fighting tooth and nail to obtain the remaining signatures necessary to achieve a people-initiated referendum on the proposed cruise berthing facility. Cruise Port Referendum Cayman announced on Tuesday that over 90% of the required petition signatures necessary to trigger a public vote have been reviewed and verified. According to...

Vista Del Mar to Repurchase Disputed Property

Article Snapshot A controversial dispute between Vista Del Mar Developments Ltd. and two property owners (Janet Francis and Dwight Clarke) was resolved last week after over 6 years of court proceedings. Vista Del Mar contracts state that all property purchasers must build residences on their lots within a given amount of time. The owners purchased the plot of land from...

TechCayman to Create Hundreds of Caymanian Jobs

Article Snapshot: The government has signed a contract with Tech City Cayman Islands Ltd. (also known as TechCayman) requiring the company to provide hundreds of Caymanian tech-related jobs. In turn, the government has agreed to provide the company with expedited permitting and licensing processes as well as infrastructure investments. The contract states that TechCayman will establish a training center and...

Unprecedented Growth for Cayman Company Formation Sector

Article Snapshot: Numbers don’t lie: a record-breaking 16,326 companies were formed in Cayman last year, pushing the total number of active companies to 107,309 at the end of 2018. Recently released statistics from the General Registry state that the number of registered companies has been growing steadily since the end of 2017. In March of 2018, the number of companies...

Gloomy Outlook for Barker’s Proposal

Article Snapshot The request to obtain a costal works license submitted by Handel Whittaker, owner of Calico Jack’s on Seven Mile Beach, has been deemed “not acceptable” by Tara Rivers, representative for West Bay South. The proposal requires the removal of 180,000 square feet of turtle grass from an undeveloped beach in Barkers, as well as the construction of a...

Central Planning Authority Lacks Diversity – Auditor Calls for a Change

A report titled “Fighting Corruption in the Cayman Islands” was recently released by Auditor General Sue Winspear. It discusses a recent assessment of current legislation, anti-corruption bodies and policies in the Cayman Islands. Winspear highlights the lack of diversity within the Central Planning Authority and calls for the membership of the board to be balanced and include members from sectors...

Cayman Kai Residents Object to Starfish Point Plans for Public Toilets and Parking Lot

The Quiet Community of Cayman Kai Starfish Point is a small beach in the quiet community of Cayman Kai. On any given day, dozens of starfish can be seen relaxing in the shallow waters. Tourists trickle in throughout the week to get a glimpse of marine life, take a dip in the ocean and soak up the sun. Overall, Cayman...