Valued at $60-million and boasting 48,000-square-feet of living space, this supremely large mansion in Grand Cayman just might be the most luxurious ever. Featuring a stunning grotto cave spa, movie theater, tennis court, exercise room, and lots more. Continue reading for a video, more pictures, and additional information.
The Cayman Islands have no local taxes whatsoever: no property tax, no income tax, no capital gains tax and no inheritance tax. The government receives the majority of its income from indirect taxation. Duty at is levied against most imported goods, which is typically in the range of 22% to 25%. Some items are exempted like baby formula, books, cameras and certain items at a reduced rate of 5%.
The Cayman Islands is a British Overseas Territory located in the western Caribbean Sea. The territory comprises the islands of Grand Cayman, Cayman Brac, and Little Cayman, located south of Cuba and northwest of Jamaica. Population is estimated at 60,456 people. The Cayman Islands have more registered businesses than they have people. With an average income of around KYD $42,000, Caymanians enjoy the highest standard of living in the Caribbean. According to the CIA World Factbook, the Cayman Islands GDP per capita is the 12th highest in the world.