Buy real estate in the Cayman Islands with cryptocurrency

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“If agreed with the Seller” you can buy any property in crypto (same as everywhere else).
KYC must be the same as for any KY crypto fund as requested by CIMA, so expect chain analysis and usual source of funds documentation.

On a side note, if you want to buy real estate for crypto in a truly confidential way (anywhere in the world), you need to find a property held by a company and agree with the seller the sale of the company, not of the real estate itself.

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Firstly make sure you do⁠ proper due diligence before going anywhere near such websites. Also deal directly with the developer⁤ or seller and avoid middlemen.
 
I personally know the CEO of Parallel.

They are legitimate and are regulated by CIMA‌ (Cayman Islands Monetary Authority) here.
 
For how long do you know the owner of this portal and is it personal‌ or business related?
 
https://www.linkedin.com/mwlite/company/parallellimitedA startup basically
It seems that they are middle man.
They have cash. They‌ take your crypto and pay real estate agency in cash.
So in practice they own‍ nothing. Except for cash.

Check this;

"And to Michael Joseph at Property Cayman, who brokered⁠ the deal for the seller, and to RE/MAX Cayman Islands who brokered the deal for⁤ the buyer: thank you for making this such a smooth process"
 
I've known Laura (the CEO) for a while. She's a lawyer, and handles business smoothly.‌

They sit between you and the real estate seller and handle any/all crypto-related compliance on‍ your behalf. This is what you are paying for. They handle all of the compliance⁠ so you will pass CIMA's intrusive AML checks.

AML is very strict here and we⁤ can thank Hollywood and their "hidden money in an offshore Cayman Islands bank account" nonsense⁣ they have been propagating for decades. 😵

The banks here WILL NOT touch crypto and will⁢ bounce/refuse wires from all known foreign exchanges. Parallel is licensed under the VASP Act here︀ and the banks do not bounce or freeze their wires because they know that proper︁ due-diligence is being done.

Any more questions? 😀
 
Which is the good property now in‌ Cayman island for investment purpose with hassle free rental management ?
 
What kind of chain analysis? Do you have experience? What if︀ the crypto has been bridged from a privacy chain for example?
 
They have solutions‍ depending on your situation. PM me for an intro.

Monero isn't illegal here.

Mixers often⁠ do more harm than good.
 
Do you live︂ in Cayman islands?
If yes, did you go there thru 1.5 million investment scheme?
What do you think of Cayman enterprise city ?
 
If you used a privacy chain for bridging it shouldn't pose a problem,⁤ if it does, it'll create a hit on flag on their system and they'll simply⁣ ask for source of funds. It's rare they get hits unless you use sanctioned mixers⁢ DIRECTLY with that wallet or straight up wanted to use monero.

Assuming standard AML procedures︀ are in place they'll ask for source of funds regardless of your use of a︁ privacy platform so this shouldn't be an issue if the client has his affairs in︂ order.

The use of sanctioned software like mixers that have been openly banned by the︃ U.S./EU regulators can make the entire deal fall through however, while monero is just grounds︄ for additional checks. If you use mixers, make sure you trade those funds and swap︅ them in various DEXes using different wallets. 99% of the time this is enough to︆ avoid problems as most blockchain software is made to trigger flags only when interacting with︇ a wallet that has directly used a mixer but not the subsequent wallets thereafter (Unless︈ it's law enforcement that's after you then it'll be a human connecting the dots lol).︉
 
Yes.

CEC is pretty good‌ if you want to run a business here as a foreigner and rapidly get work‍ permits issued. Ask for Charlie.

I won't discuss the details of my immigration in public.⁠ Sorry.

Just find what you⁣ want on CIREBA and contact Laura @ Parallel and they will hold your hand and⁢ guide you through it all.
 
It really depends on what you like to do.

The banks here are⁠ stuck in the 90s and are tangled in red tape largely due to the USA⁤ and London having their boots on their neck. The reasons why the banks here are⁣ so terrible now is mostly political.

There are far better countries for banking than this⁢ one. 😉

That being said, CEC can assist you in getting a SEZC set up and︀ at least do the banking intro. Probably @ Butterfield.
 
Where would an investment start, I mean how many BTC's would you need to invest‌ in some modern property with a good location?
 
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