LOCATION: Western Caribbean
LANGUAGE SPOKEN: English
CURRENCY: Cayman Islands Dollar
CAPITAL: George Town
NEAREST AIRPORT: George Town
MAJOR INDUSTRIES: Financial, Tourism, Technology
Located in the Western Caribbean, 450 miles southwest of Miami, the Cayman Islands is a British Overseas Territory and a well-regulated financial centre with a politically stable government and an enviably high standard of living.
With plentiful natural beauty, excellent infrastructure and legal services, a high level of tax-friendliness, and world class lifestyle options, the Cayman Islands is an excellent place to consider for second residency.
CAYMAN ISLANDS RESIDENCY PROGRAMS
The path to obtaining residency can be a simple and straightforward process for persons of independent means and for qualified business investors. With four residency certificate options to choose from, a growing number of discerning individuals now live and work in one of the world’s premier financial centres.
The Cayman Islands Government offers the following residency by investment through real estate programmes and business investments for individuals who are seeking permanent residence in the Cayman Islands.
CERTIFICATE OF PERMANENT RESIDENCY FOR PERSONS OF INDEPENDENT MEANS
Persons who invest a minimum US$2.4 million in developed real estate in the Cayman Islands may apply for a Certificate of Permanent Residence for Persons of Independent Means. This programme permits the ability to work in Cayman and eventually qualify for a British Overseas Territory passport and then a UK passport.
RESIDENCY CERTIFICATE FOR PERSONS OF INDEPENDENT MEANS
This facility is for persons who wish to reside long-term in the Cayman Islands without the right to work. Applicants will be required to demonstrate that they have invested a prescribed minimum US$ 1.2 million in developed real estate in the Islands and show annual income of at least US$144,000/ year derived outside of the Cayman Islands.
CERTIFICATE OF DIRECT INVESTMENT
The Certificate of Direct Investment is for persons who invest, or propose to invest, a minimum prescribed amount in a licensed employment generating business in the Cayman Islands and in which he/she will exercise substantial management control.
RESIDENCY CERTIFICATE (SUBSTANTIAL BUSINESS PRESENCE)
This facility is for persons who invest in, or who are employed in a senior management capacity within, an approved category of business in the Cayman Islands. These approved category primarily include financial and legal services.
Have a clean criminal record
Pass a medical exam
Purchase locally compliant health insurance coverage
Demonstrate the required financial standing
Meet the minimum required business or real estate investment
Enjoy travel to all developed nations with flexible and easy visa requirements.
Have a second passport without renouncing citizenship of one’s country.
Option of obtaining permanent residence for a period of 25 years or for life depending on investment.
The resident permit issued by Cayman Islands covers Spouse and dependent Children.
British Overseas Territory.
One of the highest standards of living in the world.
No restriction on foreign ownership of land.
No direct taxation in the form of corporate, capital gains, inheritance, personal income, sales (VAT) or recurring property taxes.
Convenient location with nonstop flights to London Heathrow and major North American cities, including a 90-minute flight to Miami.
A sophisticated infrastructure with modern hospitals, reliable telecommunications, quality education and an extensive paved road network.
Strong and stable economy.
Low crime rate.
High-quality real estate, shops, services, hotels and restaurants.
Friendly, welcoming and educated population.
Annual residency requirement under each program:
Certificate of Permanent Residence: 1 day.
Residency Certificate for Persons of Independent Means: 30 days
Certificate of Direct Investment: 90 days
Substantial Business Presence: 90 days
The Cayman Islands don’t offer a pure citizenship-by-investment program, but as a British Overseas Territory, its permanent residents become eligible for a Cayman Islands passport after five years and a British passport within twelve months thereafter.
1. Please note, all information provided here should not be considered legal advice.
2. The text is intended as a source of basic information. It is regularly updated. No liability can be accepted for the accuracy or completeness of its contents.