Buy Property Overseas

Self Invested Personal Pension or SIPP is a UK government approved pension scheme that involves allowing the subscribers to manage their pension funds themselves. In standard personal pension schemes, management of funds is done by a third party, often an insurance company. SIPP falls under the Registered Pension Schemes under Section 150 of the Finance Act 2004 and is regulated by the Financial Services Authority.

SIPP subscribers can invest the money in their pension funds into investments they choose. They can also switch investments if they so desire. The only requirement is that the SIPP investments should be in assets approved by HM Revenue & Customs (HMRC).

SIPP approved investments include certain types of real estate investments including Crown’s land products. Cayman real estate falls under the category of approved land products meaning that SIPP subscribers can use their pension funds to buy Cayman properties. The investment will need to be approved by an FSA regulated Independent Financial Advisor.

Developers of Crown’s lands in the Cayman can help you by arranging a consultation with a regulated Independent Financial Advisor.

Investment Properties in Cayman Islands

Developers of the following properties in the Cayman Islands guarantee a 30 percent return on your investment over a five year period when you buy your land plots using SIPP funds:

• The Dubli Golf & Beach Resort in Grand Cayman,
• The Little Dolphin Estate in Cayman Brac, and
• The Lakeside Estate and the Little Cayman Estate in the Little Cayman.

When you buy land plots in these properties, you have the option to enter into a buyback agreement with the developers. Under the agreement, you give the developers an option to buy back the property at a price that is 20 percent above what you paid during a five year period. In return for this option, the developers will agree to provide you an assured return of 6 percent per annum for the five years.

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