RESIDENCY BY INVESTMENT

Cayman Islands

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Property or Income Taxes

USD 1,200,000

A minimum amount of USD 1,200,000 is required.

4-6

Months from submission of the application

Living in the Cayman Islands offers a unique blend of Caribbean charm and modern amenities. With a population of around 68,000 residents, the islands provide a welcoming and tight-knit community atmosphere. English is the official language, making communication easy for residents and visitors alike.

The economy is strong, driven by industries such as finance, tourism, and real estate. The Cayman Islands Dollar (KYD) is the local currency, and the cost of living can be higher compared to other Caribbean destinations. However, the quality of life is excellent, with access to world-class healthcare, education, and recreational facilities.

The Cayman Islands’ natural beauty is unparalleled, with pristine beaches, crystal-clear waters, and lush tropical landscapes. Residents can enjoy a wide range of outdoor activities, from snorkeling and diving to hiking and exploring the island’s many attractions.

Benefits of The Cayman Islands Residency by Investment

Tax-Neutral Benefits

Benefit from the Cayman Islands' tax-neutral jurisdiction with no property, income, corporate, or capital gains taxes. Not liable for inheritance or sales taxes.

Extend Citizenship to Your Family

Family members included Investment required only for the first five years.

One of the Fastest Application Processes among the programs

Application process can be completed in as little as four to six months.

Strong Economy

Stable political and economic environment with a robust financial services sector.

Favorable Business Environment

Business-friendly regulations and a thriving financial industry.

Who can qualify for the program?

Investor (Over 30 years old)
Spouse (Over 30 years old)
Children (Under 18 years old)

Requirements of The Cayman Islands residency by investment

Option 1: Certificate of Direct Investment for Persons of Independent Means

  • Invest US$1.2 million in an employment-generating business in the Cayman Islands.
  • Receive a Certificate of Direct Investment for Persons of Independent Means.
  • Application fee: US$1,200.
  • Additional fees: US$24,300 on certificate issuance, and US$1,200 per dependent.

Option 2: Substantial Business Presence Residency Certificate

  • Own at least a 10% share in an approved business category or hold a senior management position.
  • Approved business categories include captive insurance, financial trading, and investment banking.
  • Receive a 25-year Residency Certificate.
  • Fee: US$6,000 grant fee, and US$1,200 per dependent.

Option 3: Residency Certificate for Persons of Independent Means

  • Earn at least US$150,000 annually outside the Cayman Islands.
  • Invest US$1.2 million locally, with US$600,000 in developed real estate and US$600,000 actively invested in a company or property.
  • Fee: US$24,300 on certificate issuance, US$1,200 per dependent, and approximately US$6,000 in legal expenses.

Option 4: Permanent Residency Certificate for Persons of Independent Means

  • Invest US$2.4 million in developed real estate.
  • Qualifies for naturalization as a British Overseas Territories Citizen (BOTC).
  • Eligible for a BOTC passport after living five years in the Cayman Islands.
  • Application fee: US$600, with US$120,000 due on issue and US$1,200 per dependent.

Procedures and Time Frame of The Cayman Islands Residence By Investment

Phase 1: Client Onboarding & Application Preparation

  • Signing with BLS Globa parters and sponsorsl: The process begins with filing the client’s form, which enables us to carry out the initial BLS Global due diligence. Subsequently, following the successful screening, we provide you with a formal agreement.
  • Document Preparation: Upon receiving the signed agreement and retainer payment, the legal team proceeds to complete all necessary government forms and supporting documents. For those making a property investment, a sales and purchase agreement with the developer must also be executed, with BLS Global liaising with the developer and the Cayman Islands Immigration Department on the client’s behalf.

Phase 2: Investment and Submission

During the next phase, spanning months 1 to 2, the application undergoes a comprehensive review to ensure compliance with the Cayman Islands Immigration Department’s requirements. The legal team then conducts final checks before submitting the relevant forms. The Immigration Department performs its own due diligence and reviews all submitted paperwork. Throughout this period, Latitude works closely with the department to ensure the application is processed efficiently and in a timely manner.

Phase 3: Approval and Finalization

In the final phase, occurring between months 4 and 6, the Immigration Department assesses the application. Upon approval, the applicant must make all necessary contributions and pay any applicable government fees. Once these steps are completed, the relevant residency certificates are issued and sent to the applicant, finalizing the residency process.

Note: The timeframe for the real estate option may vary based on the project, highlighting the importance of selecting a project that can provide the necessary paperwork for the residency application.

Disclaimer: Residency requirements and investment details are subject to change. Please consult with our experts for the latest information.

FAQs

1. What are the benefits of the Cayman Islands Residency by Investment program?

The program offers significant tax advantages, a high quality of life, a stable economic environment, and access to world-class healthcare and education.

2. What is the minimum investment required for Cayman Islands residency?

The minimum investment required varies depending on the type of investment, but typically starts at USD 1.2 million in real estate or other qualifying investments.

3. How long does it take to obtain residency in the Cayman Islands through investment?

The process typically takes between 4 to 6 months from the initial application review to the issuance of the residency certificate.

4. Can I include my family members in the Cayman Islands Residency by Investment application?

Yes, you can include your spouse and dependent children in your residency application, allowing your entire family to benefit from the program.

5. Are there any tax obligations for residents in the Cayman Islands?

The Cayman Islands offers significant tax benefits, including no direct taxes on income, capital gains, or inheritance, making it an attractive destination for investors.