Approval-in-Principle Certificates, which are valid for six months, are available prior to applying for a full certificate. Full certificates are valid for 25 years and are renewable.
Such a certificate entitles the holder to reside in the Cayman Islands and to work in the business in which the holder has invested.
Any spouse and any dependent children of the holder of a Certificate of Direct Investment will, on successful application, be granted a Direct Investment Holder’s (Dependant’s) Certificate, permitting them to reside in the Islands for the duration of that certificate (until dependant children graduate university or turn 24, whichever is the sooner). The application fee is CI$1,000, with a further CI$50,000 payable on issue of the certificate and an additional CI$3,000 payable for each approved dependant.
Holders are required to file an Annual Declaration and must pay CI$500 each year in that regard. In addition, annual work permit equivalent fees together with CI$3,000 per dependant, must also be paid.
