Whether re-locating as a solo expat, with family or as a retiree from work, Cayman provides superior options for long term, short term (leisure/alternative), work or event driven moves for HNWIs, UHNWIs and digital nomads.
Cayman offers individuals and families a suite of residency options for every circumstance, providing a welcome alternative to city life with diverse high-end residences offered for purchase. As well, living in Cayman provides access to professional service providers of the highest calibre to facilitate businesses and family offices.
All residency options may include family and dependents.
The options to consider are as follows:
I. Long Term Residency and Citizenship - Certificate of Permanent Residence for Persons of Independent Means;
HNWI's and UHNWIs of all ages who wish to relocate long term, may apply for indefinite residence in Cayman by means of a certificate of permanent residence for persons of independent means. In addition to being able to reside on island for life, the holder also has the option to work if desired (application required).
After residing in Cayman for 5 years, the holder is eligible for naturalization as a British Overseas Territory Citizen and eventually has the option to apply or the right to be Caymanian.
An applicant will be required to invest a minimum of US$2.4 million in developed real estate as well as furnish proof of having financial resources to maintain the applicant and all dependents.
There is a minimum residency requirement of 1 day per year.
II. Long Term Residency (25 years) - Persons of Independent Means
For persons who wish to establish a secondary residence, with no interest in British or Cayman citizenship or in obtaining the right to work on island, the 25 year residency certificate for persons of independent means may be suitable.
An applicant will be required to invest a minimum of US$1.2 million of which 50% should be in developed real estate. The applicant must also provide proof of a continuous source of annual income of US$150,000 or deposit US$500,000 with a local licensed bank.
There is a minimum residency requirement of 90 days per year.
III. Residency Certificate – Substantial Business Presence
This residency category gives the holder the right to work in Cayman in the business in which he has invested or is employed in a senior capacity. The grant is for 25 years which may be renewed.
The applicant must provide proof of ownership of an interest of 10% or more in the business which employs four (4) persons full time in Cayman or be employed in a senior management capacity.
There is a minimum residency requirement of 90 days per year.
