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Cayman Islands Land Investment Prospectus

Delivering new standards

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Company Overview: Introducing CrownWorld

Investment Location Overview: The Cayman Islands

Investments Product Overview: Residential Land Plots

Exit Strategies

Annex 1: Purchasing Procedure

Annex 2: Factors determining the growth and demand for real estate in the Cayman Islands

Contents

'A PLACE WITH ZERO TAXATION, A THRIVING FINANCIAL COMMUNITY, AND A PROGRESSIVE GOVERNMENT'

Company Overview

CrownWorld established itself in the Cayman Islands

back in 2007. In addition to the stunning Caribbean

backdrop, we were impressed by the Cayman Islands’

highly sophisticated infrastructure, political and

economic stability, and their status as a tax-free

British Overseas Territory.

The company quickly saw the exceptional business

and investment potential of these spectacular islands:

a place with zero taxation, a thriving financial

community, and a progressive government that actively

fosters a supportive commercial environment.

The unique benefits of the Cayman Islands provided

an outstanding platform on which to build a business

that would provide clients from around the world

with an unrivalled investment product.

CrownWorld has now become a market-leading luxury

real estate brand in the Cayman Islands, specialising

in the acquisition of prime residential building plots

and the delivery of turnkey design

and build solutions.

03 CrownWorld

Introducing CrownWorld

FLORIDA

MIAMI

CUBA

THE BAHAMAS

Investment Location Overview The Cayman Islands

LITTLE CAYMAN

GRAND CAYMAN CAYMAN BRAC

Located in the Western Caribbean, just over an hours

flight from the international hub airport of Miami, the

Cayman Islands are made up of three distinct and

diverse islands: Grand Cayman, Cayman Brac and

Little Cayman.

Each has their own unique features and attractions,

from the cosmopolitan appeal of Grand Cayman to the

rugged landscapes of Cayman Brac and the unspoiled

natural surroundings of Little Cayman.

The Cayman Islands enjoys a prominence on the

global stage that far belies its physical size. Already a

major global player in the tourism and financial

services sectors, this British Overseas Territory has

now become a hotbed for investment thanks to an

outstanding set of credentials.

• British Overseas Territory, operating British

common law

• Zero taxation

• Economic and political stability

• Supportive business environment

• Direct access to international markets

• Highest standard of living in the Caribbean

'THE CAYMAN ISLANDS ENJOYS A PROMINENCE ON THE GLOBAL STAGE THAT FAR BELIES ITS PHYSICAL SIZE.'

06Cayman Islands Land Investment Prospectus05 CrownWorld

Key Location Facts:

HAITI

DOMINICAN

REPUBLIC

JAMAICA

'THESE PRESTIGIOUS ISLANDS ARE QUITE UNLIKE ANY OTHER PLACE ON EARTH.'

Investment Product Overview Residential Land Plots

All plots are delivered unencumbered with a freehold land title deeds and irrevocable planning permission for low-density residential development.

Infrastructure is completed to include a tarmac road, connection to the local electricity grid, and where available connection to the mains water, drainage and telecommunications network.

On receipt of title deeds, a full suite of architectural drawings and construction documents is delivered specific to each unique plot and based on a choice of property designs provided by CrownConcepts.

Investors have no obligation to build so can either hold onto their asset until local and international factors determine the best and most profitable time for a sale or construct a property and take advantage of much greater ROI’s and the excellent rental opportunities available.

Upon instruction CrownConcepts will submit the documentation and architectural designs necessary to obtain the license for construction. They will then project manage the tender process and the construction. Building work may only commence once title deeds have been issued and the relevant licenses are granted.

Residential freehold land makes up the largest part of

CrownWorld’s investment portfolio totalling 22 projects

across all three of the Cayman Islands and featuring

just over 800 individual residential building plots.

The scale of land on offer provides investors with a

wide range of residential land investments, from

Deliverables:

Purchasing Procedures

Plots are available from just £50,000 for an inland parcel

to £209,000 for a prime beach front villa plot.

Additional Costs

The Cayman Land and Surveys Department requires a one-off payment of Stamp Duty (currently 7.5% of the value of the land) prior to Title Deeds being transferred to the purchaser.

Stamp Duty

Licenses are only valid for 12 months. It is therefore advisable to delay application until the buyer is ready to either initiate the building process or prepare their plot for sale as a fully licensed turnkey product.

Building License Fees

Investors are able to sell their contracts for the freehold plot of land at any time. There is a £995 fee payable to CAWL in order to reassign the contract.

Transferability

• Reservation fee paid upon signing of the Reservation Agreement.• Deposit due within 7 days

of reservation.• Remaining balance is paid every quarter over 1,2,3,4 or 5 years

Cash Investments

Each parcel of land is available to cash investors with the following terms:

For a full breakdown of the purchasing procedure please refer to the full Purchase & Sale Procedures in Annex 1 of this prospectus.

strategically located inland sub-divisions to prime

beachfront villa plots. Each project is owned

outright with full clean title and an extensive due

diligence pack including an independent land

valuation available upon request.


Due to the excellent location of the projects and the

long-term potential growth of the Cayman Islands,

homebuilders and developers are showing significant

interest in these freehold land plots. All residential land

plots feature 2 well-structured exit strategies. They are:

To understand more about the growth factors at the centre of any

exit please read the article in Annex 2 of this Prospectus: “Factors

determining the growth and demand for real estate in the Cayman Islands”

Exit Strategies

1411 CrownWorld

'THE SCALE OF LAND ON OFFER PROVIDES INVESTORS WITH A WIDE RANGE OF RESIDENTIAL LAND INVESTMENTS.'

Exit Strategies Description

Hold the land plot for a period of time taking advantage of capital appreciation then at any time sell the land on the open market OR put it for sale with the developers in-house re-sales division where a price will be decided by the client and developer.

Open Market Sale

Build With the inclusion of a full suite of architectural drawings provided by CrownConcepts and the construction management services on offer clients have a turnkey opportunity to build on their land plot. A build scenario presents investors with an opportunity to either sell the completed property taking advantage of a developer’s margin, generate rental income from the property or a mix of rental income and personal usage.

'OUR INVESTORS BENEFIT FROM THE BEST LAND PLOTS AT A COMPETITIVE PRICE.'

Annex 1 Purchase Procedure

Reservation Process

Each parcel of land is purchased with the

following terms:

• Reservation fee paid upon signing of the

Reservation Agreement

• Deposit due within 7 days of reservation

• Remaining balance is paid every

quarter over 1,2,3,4 or 5 years

@

BUYER expedites original copy of signed Reservation Agreement to CAWL by registered post (optional)

4.

CAWL issue draft copy of Purchase and Sale Agreement by email in advance to allow time for consultation with a legal representative (optional)

5.

CAWL prepares two signed copies of Purchase & Sale Agreement, which are couriered to the BUYER

6.

BUYER completes both Purchase & Sale Agreements. One is to be retained by buyer, the other to be returned to CAWL

7.

BUYER sends first deposit. Proof of transfer is sent to CAWL (within 7 days of signing reservation form)

8.

BUYER expedites signed Purchase & Sale Agreement by registered post back to CAWL

9.

Title Transfer - CAWL applies for Title Deeds to be

issued once 100% purchase costs have been received

and infrastructure is completed. This process usually

takes about 6 weeks from the point of application.

@1234 5678 9101 1121

Purchasing Process

BUYER completes Reservation Agreement and returns signed document by email with copies of a passport and a utility bill for each named purchaser

1.

BUYER pays reservation fee via Credit Card or Bank Transfer

2.

CROWN ACQUISITIONS WORLDWIDE

LIMITED (CAWL) takes the plot off the market

3.

'CROWNWORLD HAS NOW BECOME A MARKET-LEADING LUXURY REAL ESTATE BRAND IN THE CAYMAN ISLANDS'


These prestigious islands are quite unlike any other

place on earth and their individuality provides real

estate investors with unrivalled opportunities due to the

increasing population and the finite amount of available

land to build upon.

To understand the potential of land investments in the

Cayman Islands it is important to recognise where the

growth is coming from and how it will lead to a demand

in real estate.

Billion Dollar Projects

There are a number of projects that are currently

underway on the Cayman Islands that are responsible

for over $1billion in public and private spending,

which in turn is promoting the islands to a far greater

international market than ever before.

Annex 2 Factors determining the growth and demand for real estate in the Cayman Islands


Special Economic Zone: Cayman

Enterprise City:

The largest project in terms of

creating jobs, wealth and increasing

the white-collar population is

the construction of the Special

Economic Zone: Cayman Enterprise

City. This is a unique cluster of

industry specific business parks

within one state-of-the-art campus.

It consists of one million square

feet of Class A office space

together with a range of retail

and leisure facilities that attract

companies from all over the world.

The site is set to cost $500 million

over the next 10 years and will

create 5,000 jobs.

Camana Bay by Dart Enterprises

The continuing success of the

Cayman Islands is due in part to a

company called Dart Enterprises.

They have constructed the largest

business and retail centre on the

islands called Camana Bay that

has cost $850 million to date and

employs 1,000 people. They have

also recently purchased the Marriot

Hotel with the aim of redeveloping

it and are also instrumental in a

number of civil engineering projects

that are ensuring that the Caymans

have the best infrastructure to keep

up with the changing demands of an

increasing population.

Shetty Hospital

2012 saw the commencement

of a brand new state-of-the-art

hospital that will be instrumental

in encouraging medical tourism,

which is now a multi-billion

dollar industry.

Health City Cayman Islands

will open in 2014 with a 140-bed

tertiary-care hospital as a Center-

of-Excellence in cardiac surgery,

cardiology & orthopedics.

Over the next decade, the hospital

will expand to a 2,000-bed facility

and will provide care in major

specialties.

With medical bills in the United

States showing no signs of

diminishing, the strategic location

of the Cayman Islands means that

the potential for increased

revenue is huge with the islands

domestic gross product expected

to swell by at least $3 billion.

Clifton Hunter High School

The completion of this $200 million

project has seen consolidation of all

the smaller schools in the area into

one state-of-the-art teaching facility.

The new school has created a

positive attitude towards learning

Tax Friendly Environment:

The growth in the number of multi-millionaires and the

worsening economic climate has led Governments

worldwide instigating tax increases across the board

for high-income earners as a way of generating extra

funds. This is being coupled with a greater scrutiny of

offshore banking and has lead to an exodus by the

über-wealthy from their traditional haunts to countries

where the tax laws are more favorable.

as it continues to improve on literacy

and numeracy at both key stages.

The development of this facility has

meant that the Cayman Islands is

now, more than ever, being seen as

a viable option for long term living

as well as an excellent holiday

destination.

A decline in social systems has also precipitated

thedesire to move to a location where income can be

protected and one that can provide a high quality of life.

In recognition of this fact the Cayman Islands

Government have simplified the criteria to attain

permanent residency and this has seen a huge

increase in the number of wealthy who now call the

islands home.

A Unique Mix

There are other tax-free environments in the world but

none that offers a mix of luxury, beauty, accessibility,

and political & economical stability whilst also providing

a trusted legal system.

Infrastructure & Telecommunications

The financial sector in the Cayman

Islands is already well established

due to the unique tax system in place

and the islands own stock exchange

but to ensure that there is no delay

in the flow of information they have

4G mobile Internet technology fully

available across the islands.

Well Established Legal Framework

The Cayman Islands operates under British

Common Law with a land registry that was created

and sponsored by the British Government and

styled upon their own system.

This means that, just like in the UK, all parcels of

land have a unique number that is registered

Limited availability of land

The Cayman Islands consists of 3 islands that have

a total area of just 264 km2. Residentially zoned

land is scarce, as the government has classified

much of the islands as protected areas of wildlife.

Most of the available land has already been

developed, especially around the capital

Georgetown and along Seven Mile Beach although

the popularity

on a central database along with the exact

dimensions and the current owner.

The Land Register and associated documents

are public records, allowing full transparency in

the ownership transactions.

of these areas has made it price prohibitive for the

average investor.

However, CrownWorld has a team of land acquisition

specialists who are able to locate the best parcels of

land in growth areas so that our investors benefit from

the best land plots at a competitive price.

'A FAR GREATER INTERNATIONAL MARKET THAN EVER BEFORE.'

19 CrownWorld

Company Overview

CrownWorld established itself in the Cayman Islands back in 2007. In addition to the stunning Caribbean backdrop, we were impressed by the Cayman Islands’ highly sophisticated infrastructure, political and economic stability, and their status as a tax-free British Overseas Territory.

The company quickly saw the exceptional business and investment potential of these spectacular islands: a place with zero taxation, a thriving financial community, and a progressive government that actively fosters a supportive commercial environment. The unique benefits of the Cayman Islands provided an outstanding platform on which to build a business that would provide clients from around the world with an unrivalled investment product.

03 CrownWorld

Introducing CrownWorld

Delivering new standards - crownworld.com · CrownWorld has now become a market-leading luxury real...

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