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.
Such individuals, provided they can demonstrate an investment (or imminent investment) of a minimum of CI$1,000,000 in an employment generating business (or businesses) on the Island, may apply to the Director of WORC for a Certificate of Direct Investment.
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.
The spouse and dependent children (where applicable) 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. Fees are expected to increase soon. For now, the application fee is CI$1,000, with a further CI$20,000 payable on issue of the certificate and an additional CI$1,000 payable for each approved dependant.
