Cayman high-value residency options

Whether you're interested in a lifestyle change or seeking new business opportunities, there are several pathways to residency for high net worth individuals. 

Residency Certificate for Persons of Independent Means

This certificate is designed for individuals who can demonstrate a continuous annual income of CI$120,000 (US$146,341.46) without needing to work in the Cayman Islands. 

Alternatively, applicants can qualify by maintaining a minimum deposit of CI$400,000 in a Cayman Islands Monetary Authority-regulated institution and investing at least CI$1 million (US$1.2 million) in Grand Cayman, with at least CI$500,000 (US$610,000) in developed real estate.

The certificate is valid for 25 years and is renewable. While it doesn't allow the holder to work, it permits the spouse and dependent children to reside in the Cayman Islands if named in the application.

Certificate of Direct Investment

This option is for individuals investing at least CI$1 million (US$1.2 million) in an employment-generating business in which they plan to exercise substantial management control. The business must employ at least 30% Caymanians unless circumstances justify a lower percentage.

Applicants must demonstrate a strong business track record or entrepreneurial background. The certificate is valid for 25 years and is renewable and allows the holder to work in the business in which they have invested.

Certificate of Permanent Residence for Persons of Independent Means

This category grants full permanent residence in the Cayman Islands to persons of independent means. Holders can apply for naturalisation as a British Overseas Territories Citizen (BOTC) potentially obtaining a BOTC passport. 

To qualify for a Certificate of Permanent Residence for Persons of Independent Means a person must be able to demonstrate that they have invested CI$2 million (US$2.4 million) in developed real estate in the Cayman Islands. The applicant must also show that their financial resources are sufficient to maintain themselves and their dependents adequately.

While initially not granting the right to work, this certificate may be varied to allow employment in a specific occupation. An annual quota of 250 certificates applies.

Residency Certificate (Substantial Business Presence)

This option is designed for individuals investing in or employed in a senior management capacity within an approved business category. This certificate is valid for 25 years and is renewable.

Eligible applicants must either own at least a 10% share in an approved category of business or will be employed in a senior management capacity within such a business. In each case, the business must have a substantial presence in the Cayman Islands. It is designed to be an easier route than the more established option of  a Certificate of Direct Investment and is not limited to owners of the business.

How can Ogier help

While the Cayman Islands offer diverse residency options to accommodate various circumstances, navigating the application process can be complex. 

Our team can assist with the legal and regulatory aspects of your relocation, property acquisition, estate planning and business setup. Engaging professional assistance ensures a smooth transition to your new life in the Cayman Islands.