Monthly Archives: November 2020

How (And Why) to Retire in the Cayman Islands

By Alexander Britell

When it comes to making lifestyle decisions, the pandemic has only strengthened the appeal of the Caribbean, as more people flock to the region for sanctuary, seclusion and stability amid an uncertain global situation. 

It has led to a number of new trends, including growing real estate demand in some Caribbean nations and an increasing number of destinations launching extended-stay programs for remote workers, such as the new Global Citizen concierge program launched in the Cayman Islands (first reported by Caribbean Journal Invest).

But it’s also leading to renewed interest from another demographic: retirees. One of their top choices? Grand Cayman. 

But it’s also leading to renewed interest from another demographic: retirees. One of their top choices? Grand Cayman. 

“We are experiencing growing interest from people looking to make plans for their retirement,” Sue Nickason, VP Marketing and Sales at leading Cayman Islands real estate brokerage Provenance Properties, the official Christie’s International Real Estate affiliate in Cayman tells Caribbean Journal Invest.

“One aspect of that planning process includes acquiring a property in Cayman for either part-time or full-time residency.  Retirees appreciate Cayman’s excellent healthcare facilities, modern infrastructure, tropical year-round weather and nonstop flights from major cities in North America,” Nickason says.

Indeed, Cayman has long been popular with affluent retirees, thanks to its strong healthcare sector, abundant recreational opportunities on land and sea, and an enduring record of safety, among other factors. 

Healthcare is a particularly strong factor, she said, pointing to the four major hospitals in the Cayman Islands and the more than 1,000 healthcare and wellness professionals providing a range of services across the destination — with a ratio of around 4.5 doctors per 1,000 residents.

A rendering of the new OLEA real estate community, the first for-sale development at Camana Bay in Grand Cayman.

In recent years, the opening of the renowned Health City complex has only reinforced that standing. 

But it’s far more than that, Nickason tells Caribbean Journal Invest

Cayman has a low crime rate; a long history of sound governance; one of the highest GDPs per capita in the world and a standard of living that’s largely unmatched in the wider region. 

And Cayman’s tax neutrality means it’s easier to budget for retirement expenses, with an absence of personal, recurring property, capital gains, inheritance and sales taxes. 

“The Cayman Islands is an ideal address for living an active lifestyle as a retiree,” Nickason says. “An additional draw is the absence of any restrictions on foreign ownership of property and the absence of recurring property, income, capital gains, sales and inheritance taxes.”

cayman islands retire
The Kimpton Seafire and Residences at Seafire in Grand Cayman.

So how do you do it?

Retirees need to invest a minimum of US$1.2 million in developed real estate in order to qualify to earn a certificate of permanent residency for 25 years.

For aspiring centarians, that can be renewed for another 25 years. 

Once obtained, the holder must maintain a minimum 30-day residency period each year in Cayman and demonstrate an annual income of $145,000 not derived by working in the local economy. 

For more, visit Provenance Properties in the Cayman Islands.

The post How (And Why) to Retire in the Cayman Islands appeared first on Caribbean Journal.

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SLS Cancun Planning Early 2021 Debut

The first-ever SLS hotel in Cancun is planning an “early 2021” debut, according to sbe Hotels. 

The boutique SLS Cancun will launch in Mexico’s Puerto Cancun development, with a total of 45 suites, a private beach club, a signature SLS pools cape and access to Puerto Cancun’s amenities including a private marina and an 18-hole Tom Weiskopf-designed golf course. 

Other amenities will include the Ciel Spa, a lobby bar designed by Piero Lissoni, and an Argentinian eatery called LENIA by Chef Jose Icardi. 

It will be the second SLS-branded hotel in the wider Caribbean, joining the existing SLS Baha Mar in Nassau, The Bahamas (that property is slated to relaunch operations in mid-December). 

The hotel will join a new Marriott hotel under the Renaissance brand that made its debut in Puerto Cancun last year. 

For more, visit SLS Cancun

— CJ

The post SLS Cancun Planning Early 2021 Debut appeared first on Caribbean Journal.

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NOAA scientists discover a new species of a gelatinous animal in the waters near Puerto Rico

The newly named Duobrachium sparksae was discovered two and a half miles below sea level by the National Oceanic and Atmospheric Administration Fisheries research team. It was found during an underwater expedition using a remotely operated vehicle in 2015 …

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St Croix Hotels and Resorts You Can Stay at Right Now

St. Croix stands out with its well-preserved historic buildings — notably Fort Christiansvaern, a Danish fortress dating from 1749 — two distinctive cities (Christiansted and Frederiksted), excellent culinary scene, and natural wonders that include Buck Island National Monument for desert-island swimming and snorkeling and a lush interior rainforest filled with old plantation ruins.

And now you can plan your St. Croix visit now with a stay at one of the hotels that have reopened with new COVID-19 protocols in place.

Options range from the intimacy of the Sugar Apple Bed & Breakfast in downtown Christiansted to the resort accommodations at the famous Buccaneer.

Here’s a guide to where you can stay in St Croix right now.

st croix hotels
The Buccaneer.

Arawak Bay Inn: 14-room bed & breakfast near the Salt River Bay, Salt River Marina, and Salt River National Historical Park and Ecological Preserve.

The Buccaneer: Iconic, pink-clad beach resort that has defined luxury vacations on St. Croix since 1947.

Carambola Beach Resort: Full-service Marriott resort is still undergoing renovations but has reopened for business on Estate Davis Bay, along with its signature golf course.

Caravelle Hotel & Casino: Perfectly situated on the boardwalk in downtown Christiansted, the Caravelle has a cheery, bright yellow facade, a guest pool, a small casino, and is home to Rum Runner’s Restaurant and Bar.

The post St Croix Hotels and Resorts You Can Stay at Right Now appeared first on Caribbean Journal.

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How to Have a Floating Breakfast in Aruba

The recently-expanded Boardwalk Boutique Hotel in Aruba has launched a rather clever new amenity: a floating breakfast.

For guests staying the property’s Plunge Pool Casita, the hotel will deliver a special floating breakfast package with fresh juices, tropical fruit, pastries, two main courses and coffee or tea – on a floating tray right in your pool. (There’s also an option of Prosecco or mimosas).

The breakfast is prepared by popular local spot Eduardo’s Beach Shack.

“This new experience is the ideal collaboration with Boardwalk Boutique Hotel, serving healthy, nourishing food and beverages in a pool surrounded by lush tropical gardens,” says Nikita Pablo, experience officer at Eduardo’s Beach Shack, which has also partnered with the resort for a range of culinary options from room service to en-suite breakfast delivery.

The Boardwalk unveiled the results of a major expansion to the property at the end of last year, one that included the addition of 32 new “casitas,” among other upgrades.

You can find Aruba’s latest entry protocols for visitors here.

For more, visit Boardwalk Boutique Hotel.

The post How to Have a Floating Breakfast in Aruba appeared first on Caribbean Journal.

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