My trip to Grand Cayman made me want to pack my bags and move! The island lifestyle is one I dream about, and I can smell the salty air. Thank you Grand Cayman for the tropical getaway of a lifetime.
Grand Cayman is a thriving British Overseas Territory free from taxation and with a historically stable government and economy. It’s a top destination for anyone seeking temperate weather, a sophisticated infrastructure, and a straightforward path to Grand Cayman residency. If you’d like to settle in the Cayman Islands long term, there are three essential pathways to obtaining residency on the island, including Residency Certificate for Persons of Independent Means, Residency Certificate for Persons with Substantial Business Presence, and Certificate of Direct Investment. Dreaming of island life in Grand Cayman? Read on to learn more about the options and pathways available to make it happen.
Residency Certificate for Persons of Independent Means
Ready to live the dream in Grand Cayman? The Residency Certificate for Persons of Independent Means might be the perfect option to turn this dream into reality.
Foreigners set on receiving Grand Cayman residency must demonstrate a minimum level of continuous income, bank balances, and investments from outside the Cayman Islands.
Residency Certificate for Persons with Substantial Business Presence
If you have owned a business or are part of a Cayman-based business’s senior management and have lived in the Cayman Islands for at least 25 years, you are eligible for residency.
The business owners must own or propose to own, either directly or indirectly, a minimum of 10% of the shares of a business presence in the Islands. They can alternatively use this path if employed in a “senior management capacity” of an approved category of business in the Cayman Islands.
Certificate of Direct Investment
Another way to move to Grand Cayman is to invest in a business there. The Certificate of Direct Investment is granted to those with an “employment-generating business.”
You can also receive Grand Cayman residency certification by starting (or investing in) a business with a minimum investment of $1 million that will generate employment on the island with at least 30% Caymanian employees.
Grand Cayman Tours & Excursions
If you’d like to tour Grand Cayman before making the move, be sure that Grand Cayman offers just the right mix of beach chill and water-bound adventure, it’s all up to you to choose your flavor or fun. Book your tour or excursion during your stay and get to know Grand Cayman a little bit better.