Season 1, No. 9: Residency by Investment: Opportunities and Challenges with Cline Glidden

The Cayman Life

Summary

In this conversation, Cline Glidden, a counsellor at Ogier and former Minister of Tourism for the Cayman Islands, discusses the unique legal services offered in Cayman, particularly in relation to residency by investment. He highlights the importance of understanding the local legal framework, the challenges of population growth, and the impact of immigration on the economy. The conversation also touches on real estate trends, government policies, and the cultural diversity that makes Cayman a desirable place to live. Cline emphasizes the need for sustainable development and the role of local businesses in maintaining Cayman's appeal as a safe haven.

Takeaways

• Ogier offers a full range of legal services, including local legal services.
• Cayman is known for its robust land register system, providing security for investors.
• Residency by investment is a key aspect of attracting high net worth individuals.
• Population growth presents challenges that need to be managed sustainably.
• Immigration plays a crucial role in Cayman's economic success.
• Real estate trends show a shift towards more affordable housing options.
• Government policies on residency thresholds need to adapt to current market conditions.
• Cayman's appeal lies in its safety, security, and community values.
• Cultural diversity enriches the Caymanian experience and fosters inclusivity.
• Sustainable development is essential for maintaining Cayman's quality of life.