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applicants can apply per year
minimum requirement
months processing time
Cayman Islands Residence offers you the opportunity to live in a stunning British Overseas Territory.
It boasts a modern infrastructure, along with a low crime rate. There are excellent healthcare and education facilities in the Cayman Islands. Plus, a pro-business environment – which makes it a stimulating place to live for entrepreneurs.
To qualify for Cayman Islands Residence by Investment, you must fulfil ONE of the following investment options AND meet other requirements:
You can obtain a Certificate of Direct Investment for Persons of Independent Means by investing $1.2 million in an employment-generating business or businesses in the Cayman Islands. This allows you to live in the Islands and work for the company or companies you have invested in.
Your spouse and dependent children will also receive a Direct Investment Holder’s Dependant’s Certificate, which provides them with equivalent residency rights.
The application fee is $1,200. You next pay an additional $24,300 when they issue the certificate and a further $1,200 payable for each dependent.
If you own at least a 10% share in an approved business category or are employed in a senior management capacity within such a business, you qualify for a Substantial Business Presence Residency Certificate.
Approved business categories of business include, for instance, captive insurance, financial trading, and investment banking companies. You will receive a 25-year Residency Certificate. When issued, you pay a $6,000 grant fee, with each of your dependents also incurring an additional $1,200 fee.
If you would like to live in Grand Cayman, you must demonstrate that you earn at least $150,000 a year outside the Cayman Islands. You also need to make a local investment of $1.2 million (of which $600,000 must be in developed real estate). What’s more, the remaining $600,000 must be actively invested in a company or property.
To become a resident of Little Cayman or Cayman Brac, though, you must prove that you earn at least $90,000 outside the Cayman Islands. In addition, you will need to invest at least $600,000 locally, of which at least $300,000 must be in developed residential real estate.
Wherever you live, there is a one-time $24,300 fee payable when the Immigration Department issues you with the Residence Certificate. Furthermore, dependants incur a $1,200 payable fee. There are approximate $6,000 legal expenses.
This option has no expiry date and qualifies you to be naturalized as a British Overseas Territories Citizen (BOTC). You are also eligible for a BOTC passport after you have lived 5 years in the Cayman Islands. After 5 years as a BOTC Citizen, you can then apply to become Caymanian.
You need to invest at least $2.4 million in developed real estate and possess sufficient financial resources to maintain yourselves and your dependents, as well. The application fee is $600 with an additional $120,000 due on issue and a further $1,200 per dependent.
The Latitude Group is a global leader in Residence and Citizenship by Investment. Our IMC-certified professionals are specialists in cross jurisdictional citizenship and residence planning. Moreover, we have more collective invesment migration industry experience than any other international firm.
We commence our process, naturally enough, with Form 1. This enables us to carry out the initial Latitude due diligence. Following the successful screening, we then provide you with a Client Agreement (CA) to review and sign.
Upon receiving the signed agreement and retainer payment, our legal team will next complete all necessary government forms and supporting documents. If you make a property investment, you will also need to execute a sales and purchase agreement with the developer. However, we will liaise with the property developer and the Cayman Islands Immigration Department on your behalf.
Before submitting your documents, we first comprehensively review your application to ensure your file complies with the Cayman Islands Immigration Department’s requirements. Then, our legal team will complete its final checks before submitting the relevant forms.
The Cayman Islands Immigration Department will also undertake its own due diligence and reviews all the paperwork. We will continue to work closely with them throughout the process, however, to ensure your application is timely and efficiently processed.
The Cayman Islands Immigration Department will assess your application, and upon approval, you must make all necessary contributions. In addition, you must pay any applicable government fees. We will then arrange for all relevant residence certificates to be sent out.
