Investors in a business or property in the Cayman Islands can, after a successful application, gain Extended Residence (with or without the right to work depending on what they apply for).
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There are actually several different types of Extended Residence, some with very similar names, so the full, official, names of the options are: 1) Certificate of Permanent Residence for Persons of Independent Means, 2) Residence as a Person of Independent Means, 3) Residency Certificate (Substantial Business Presence) and 4) A Certificate of Direct Investment . Here we describe in detail what your various options are:
Certificate of Permanent Residency (for persons of independent means)keyboard_arrow_right
This is the ultimate permission which can grant Permanent Residence with the right to reside permanently in the Islands for the rest of one’s life. It is based on investment, rather than on waiting eight years to become eligible to apply, subject to a points system, for Permanent Residency.
Residence as a Person of Independent Meanskeyboard_arrow_right
For foreign nationals not wishing to work in the Cayman Islands but simply wishing to have the right to reside, there are alternative options. In particular, one can apply to the Director of WORC for a Residency Certificate which is valid for 25 years and is renewable. Best suited to wealthy retirees, who have invested in developed real estate, and have ambition to advance to citizenship, is the option of 25-year Residence for Persons of Independent Means.
Read MoreCertificate of Direct Investment (for persons of independent means)keyboard_arrow_right
Wealthy individuals who are in a position to invest a substantial sum in an employment generating business or businesses in the Cayman Islands, may wish to participate in an incentive scheme intended to attract investors and their dependants.
Read MoreResidency Certificate (Substantial Business Presence - for persons of independent means))keyboard_arrow_right
A Residency Certificate (Substantial Business Presence) is available to individuals who either own at least a 10% share in an approved category of business or will be employed in a senior management capacity within such a business. In each case, the business must have a substantial presence in the Cayman Islands.
