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Relocation Expenses
Most employers will pay for a return air fare plus an allowance for excess
baggage. Short term accommodation and rental transport will normally
be freely provided for two weeks to a month upon arrival into Cayman.
The above allowances must be discussed with the employer as they will
vary. A number of employers will also provide an optional initial loan
to allow employees to settle in.
Personal Items
Employees should bring personal effects with them.This excludes furniture
as all condos are fully furnished. The items must arrive within six
months of entry so as not to attract a customs duty. It is more cost
effective to bring personal items as most consummables on Cayman
are imported and have customs duty attached to them.
Transportation
The public transport system does exist in the form of taxis and buses,
but most people in Cayman use motor vehicles, and increasingly more
frequently, motor bikes to get around. There are many motor vehicle
dealerships from which to purchase new and excellent second-hand
vehicles. The private second-hand vehicle market is also strong and
vehicles can be acquired from as little as US2,000. A good value
vehicle can be purchased for about US6,000 to US8,000. Many people
also choose to import their vehicles directly from Japan or the US.
Many employers will provide bridging finance for the vehicles but
the preferred option is to have sufficient cash available through
your own means upon arrival.
Accommodation
The cost of accommodation can vary extensively and we encourage new
residents to do their research carefully and visit as many places
as possible once they've arrived in Grand Cayman. Word of mouth can
also make for easier access to suitable housing. The more work that
candidates put into finding accommodation will result in them getting
more for their money.
The most popular option is to use a real estate agent. The service
is free to the tenant as the owner pays for the agent's time. Candidates can
also look through the Friday classified adverts in the Cayman Compass
newspaper and call around, or place an 'accommodation wanted' advertisement
for themselves.
Most condo complexes will have a pool and probably a tennis court.
On inception of the lease one month’s deposit plus one month’s
rental in advance is generally required.
For guidance purposes, we provide the following information on typical
rental costs on apartments. Note that most people who arrive in Cayman
- unless they are part of a couple - will usually choose to share accommodation
with other expatriates.
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