Can properties be financed offshore?
A. Yes, if you have the ability to finance your purchase offshore this is acceptable. What will need to happen if you are sending money for a purchase from another country is proof of where the funds have originated from and by what means it has come from. The Cayman Islands have very strict anti-money laundering laws and Due Diligence rules and regulations. Your Real Estate Professionals have been trained in the procedures necessary to provide accurate due diligence on their purchasers to the Cayman Islands authorities. Should there be any question of how funds may have been obtained to make a purchase in the Cayman Islands, it is required by law that these be reported. Failure to do so may result in considerable penalties, fines or imprisonment for all parties involved including your Real Estate Professional. So the long and short of things are yes the money can come from abroad but there needs to be proof of where the funds have come from and how.
