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Mr A. Derek Dale, an international airline pilot for over two decades, was based in Honolulu, Hawaii for three years in 1980, flying to Fiji and Sydney, Australia. He obtained residence in Vanuatu (formerly the New Hebrides a tax free jurisdiction in the South Pacific) and quickly realized the benefits of substantially reducing income taxes legally. As a result of that experience the seed was planted and as time went by he met more of his peers in the worldwide airline fraternity and recognized that there were a significant number of international airline pilots/professionals who would also greatly benefit from his knowledge and expertise in the offshore arena. As a result the International Pilots Group (IPG) began to take shape in the early summer of 1999. It was quickly realized through negotiations with senior politicians of several tax-free Caribbean jurisdictions (where our group was considering investing) that there was strength in numbers. As the numbers of IPG began to grow (at this stage primarily via word of mouth) it became obvious that the Governmental concessions were directly proportionate to the economy of scale and the economic spin-off a larger group could provide. Consequently the founders aggressively began to expound the benefits of forming a global international ad-hoc group seeking privacy, legal tax relief and above average financial return, combined with a world-class lifestyle. They also incorporated a limited company as the legal entity for IPG and developed their own secure websites to showcase their group and it’s projects. Home Page www.ipgglobal.net and current project www.castawayscove.net

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As IPG evolved it became apparent that its operations would have to be streamlined into a more formal structure and it was decided that the core members would form the Executive Council (ExCo). ExCo is made up of pilots from major international airlines from primarily high tax domiciles recently ExCo has diversified to include many more professional organizations.

IPG’s Inaugural Project Castaways' Cove, Grand Cayman

The Cayman Islands is just 480 miles south of Miami, with wonderful blue sky and turquoise water, containing all the amenities of a sophisticated tax-free British colony; the average annual temperature

Entrance to the Reef Resort

is a consistent 78 F (24 C) degrees with gentle accompanying tropical breezes minimizing humidity. Direct air service by many of the world’s major airlines facilitates your arrival at this island paradise. Castaways' Cove forms the majority of a 1,450-foot pristine ocean/beach front exclusive development on the quieter East End of Grand Cayman Island. Over the past ten years no less than 22 homes in excess of $1,000,000 have been built in the surrounding area. A sense of privacy and serenity greets their owners and their guests as they enter the resort's gates. This all-inclusive investment package has been specifically designed to appeal to affluent professionals such as airline pilots, physicians, lawyers, financial advisors, sports figures, celebrities and the like.

Phase 1, completed as 'The Reef Resort', consists of thirty, five star, two bedroom interval ownership villa’s, complete with three interconnecting seaside pools, attached whirlpool, fountains, lit dock, lit seaside tennis court, beachfront bar, oceanfront restaurant, fitness center offering Life Fitness training equipment, outdoor BBQ/Gazebo, the ease of a centralized charging account, fully staffed lobby and security, a centralized switchboard, Ocean Frontiers on-site dive operation, mini-market, on-site concierge, liquor store and internet cafe. 
 

Architectural Rendering Phase 2

Phase 2, 'Castaways' Cove' construction began on August 19, 2002, it features 72 fee-simple studio, one, two, three bedroom ocean front villas, all with spectacular views of the Caribbean Sea; a 75ft Kidney shaped ocean front pool completes this stunning setting to be built on the remaining 900 feet of unspoiled beach on beautiful Colliers Bay. It will be built adjacent to the existing ’The Reef Resort’, stretching from the edge of their oceanfront tennis court to the tip of the bay to the west.

Villas will range in size from approximately 400 sq. ft. to 1,500 sq. ft. of space, plus approximately 90-270 sq. ft. of oceanfront terrace/balcony. With the exception of studio villas, all villas boast a living room and master bedroom facing the ocean, both with three sliding doors that can open up onto the balcony or provide a lovely 9-foot wide window onto the ocean.
 

Castaways' owners and guests will also share all of the existing facilities offered to ’The Reef Resort’ Timeshare owners, as referenced above. The neighboring Morritt’s a 180-room timeshare also has equivalent amenities and fine dining. Units are sold fee simple with a title guaranteed by the Cayman Islands Government and ownership in perpetuity. CENTURY 21 Just Condos, one of the largest and most respected real estate companies in the Caribbean will personally handle the purchase details. There will be a rental program supplemented by what is currently being

Vacationers

offered to ’The Reef Resort’ owners.  Owners of the 2 & 3 bedroom villas will also have the flexibility to rent their units as separate studio and one bedroom’s to further enhance the Return on Investment.  Given the growing attraction for the tranquility of East End and the crowds of Seven Mile Beach, owners stand to realize an excellent probability of future appreciation.
 

Unique to this development, and for the first time ever in Cayman, is the ability of the owners (even though their units are fee simple) to trade time when their unit is not being occupied, through Interval International’s Time Share Exchange Program. This will allow the owner to vacation for weeks or months at any of Interval International’s 1600 five-star resorts around the world.  Currently, Grand Cayman is one of the most sought after destinations in the world, giving owners great trading power. The Cayman is very safe relative to many other Caribbean tourism destinations.

Dining at the Barefoot

• The Caymanian people are extremely friendly and hospitable. 
• The Caymanian political system and economy are stable. 
• The Cayman dollar is stable (CI $1.00 dollar is US $1.25). 
• The Cayman Islands has substantial cachet and mystique (intangible value). 
• The Cayman has world-class beaches, golfing, fishing, scuba diving and sailing. 
• The Cayman is proximate to the United States. 
• The Cayman Islands have two International Airports 
• The planned Castaways’ Cove development will have an upscale orientation. 

The Pool at the Reef Resort

This inclusive package/project will have few competitors in the Caribbean. Only a handful of properties in the Caribbean are as inclusive and exclusive as the Castaways’ Cove villa/resort. Built by IPG’s partners, Thompson Development, with over 30 years of building experience in the Cayman Islands, they have earned a well-deserved reputation as first-rate developers. Their senior executive was just awarded an OBE (the Order of the British Empire) on the Queen’s last birthday which is very prestigious. The Barefoot Man www.barefootman.com plays every Tuesday and Thursday nights at the Castaways' Restaurant. His performances are as casual as his lifestyle and music. Barefoot Man

Whether you are looking for an offshore investment/residence or a secondary vacation home, you'll find your own benefit to choosing Castaways' Cove.

• Optional Permanent Residence Status (PRS) in the Cayman Islands, a high profile tax-free Caribbean jurisdiction, as a result of a fee simple real estate purchase in Castaways’ Cove, an IPG joint venture. The PRS may be deferred or utilized immediately. 
• Significant legal reduction in income taxes due to obtaining a PRS for the owner, his/her spouse and dependant children. (Requires owner to reside in the Cayman)
• World-class lifestyle owning your own fee simple VACATION or RESIDENT VILLA on a beautiful Caribbean beach complete with first class amenities.
• Significant potential for future capital gain, no income, sales or property taxes. (Requires owner to reside in the Cayman)
• A return of approximately 5-10% on investment (down payment) through the hotel rental pool (optional) all in US dollars (based on 30% down).

To provide members of the International Pilots Group (IPG) and its associate members with unparalleled, all-inclusive, tax advantaged global investment opportunities, as a result of the economy of scale of the group. These opportunities are anticipated to provide above average returns, potential for significant capital gain, combined with a world-class lifestyle and sufficient uplift for commuters. IPG has spent several years globally researching, per a strict set of criteria, highly credible worldwide tax-free jurisdictions in search of the best comprehensive overall value, which cannot be duplicated on an individual basis.

If you wish to learn more about IPG visit their website @ www.ipgglobal.net or their project @ www.castawayscove.net use Login EMAIL: escape@ipgglobal.net and PASSWORD: artist
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