You will need a passport valid for 6 months past then entry date. Yellow Fever Advisory and FAQ. Persons who invest a minimum of two million Cayman Islands Dollars in developed real estate in the Cayman Islands may apply for a Certificate of Permanent Residence for Persons of Independent Means. Doctors Hospital offers the only private . About The Cayman Islands Citizenship and Residency The Cayman Islands offer a permanent residency program which also offers a path to eventual naturalization and citizenship. . The easier route is to become a resident. For every additional applicant: USD 1,200. This facility is for persons who wish to reside long-term in the Cayman Islands without the right to work. Golding & Golding, A PLC (2022): LawDog Enterprises - All Rights Reserved - No Legal Advice Intended: This website includes information about legal issues and legal developments. There are several ways to obtain citizenship in the Cayman Islands (upon receiving which you can also apply for British citizenship): Employment Marriage of a local gives a foreign citizen the right to arrange for a residence permit and seek employment. There are four highly accessible immigration pathways for investors, high net worth individuals, and senior executives (and family members) seeking permanent residence and eventual citizenship in Cayman Islands. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Dominating the Immigration Industry for the last 28 years, we provide hassle free and seamless Business Visa Services for all the business aspirants. After a period of 7 years, only then can you apply to become a citizen. Phone lines are open Monday-Friday 8.30am-5pm. There are currently four residency options available to those with the means to make a significant investment in the Cayman Islands: 1) Residency Certificate for Persons of Independent Means 2) Certificate of Permanent Residence for Persons of Independent Means 3) Certificate of Direct Investment An applicant must demonstrate a substantial business track record or an entrepreneurial background, including specific professional, technical and other knowledge relevant and necessary to carry on the business. You should contact an The TravelCayman team can be contacted directly by emailing TravelCayman@gov.ky, or by calling their customer representative line: 1 (345) 743 8463. The Caymanian Status and Permanent Residency Board may, upon application, grant the right to be Caymanian to persons in the categories below. This guide explores your options, the requirements and the application process in detail. However, there are various options for staying in the Cayman Islands and different routes to obtaining residency including buying property in the Cayman Islands. Various other countries are also exempted but for example, citizens of Jamaica, Colombia, Saudi Arabia and Belarus currently require visas before being admitted into the Islands. Citizens of Jamaica, Honduras and the Philippines, for example, do. Residency represents an opportunity to thoroughly enjoy this high quality lifestyle day after day. Cayman Islands Immigration Department > Living Here > Right to be Caymanian. Ask your bank about added fees that may be incurred. No direct taxation in the form of corporate, capital gains, inheritance, personal income or recurring property taxes. Copyrights 2019 All Rights Reserved. If you are arriving on a cruise ship, please check with your cruise ship company for rules and regulations. For lots of information on How to Find a Job in the Cayman Islands also see our Cayman Resident website which is researched and updated by the Acorn team daily. Requires investment of at least CI$2 million (approximately 18 crore) in developed real estate, in exchange for indefinite residence in Cayman Islands. Cayman Dollars are issued in notes of CI$100, 50, 25, 10, 5 and 1 - with coins of 25, 10, 5 and 1 cent (s). The governments of the listed European states offer simplified conditions and shortened terms for issuing . Valid for life and may permit the individual to work in the Cayman Islands. In the case of individuals looking to reside in Cayman Brac or Little Cayman, an applicant is required to either: An applicant must submit Form R5, application fees and supporting documents to verify information about themselves and the investment to the Department of Immigration. Dependant family members can be included in the main applicants application. Depending on whether the end-game is citizenship or residency, as well as if the applicant seeks employment will help determine the best path forward for those seeking residency and possible subsequent citizenship. The fee required after your certificate of permanent residence is issued: USD 120,000. New Guidelines for Canada Business Immigration, Bulgaria Residency & Citizenship By Investment, Greece Golden Visa: Pathway to Permanent Residency in Europe, Ireland Immigration by Investment Program, Business Innovation & Investment Visa Sub-188, Australia Business Talent (Permanent) visa (subclass 132), Fee paid after certification issuance: CI$100,000, Certificate Issuance Fee for dependent: CI$1,000 for each dependent, Fee paid after certification issuance: CI$20,000, Dependent Fee (payable annually): CI$1,000, Annual fee equal to fee paid by work permit holders in the same occupation: variable, Fee paid after certification issuance: CI$5,000. maintain a deposit of at least $400,000 in a licensed financial institution in the Cayman Islands and make an investment of at least $1 million, including $500,000 in developed real estate in Grand Cayman. Land area 50 SqFt. To know more about the Europe Business Visa, you can write us on [emailprotected] and our expert team of experts will get in touch with you to resolve your queries. Please Note: The deadline for the 2022/2023 application is March 31st, 2022.. Only Ladies between the ages of 18-27 are eligible to enter. There are no licensing or eligibility requirements under Cayman Islands law for lenders to a company or LLC. Copyright Acorn Media Ltd 2022. You must submit your declaration to travel within 3 months of your travel date (and not before), and if approved, you will be issued a Travel Declaration Certificate with an 'eligibility date' i.e. Citizens of all other nations need a passport for entry into the Cayman Islands. All travellers to the Cayman Islands must provide a negative PCR test or Certified Lateral Flow Test no earlier than 24 hours before departure. So, how can I move to the Cayman Islands? The differences are quite acceptable between the two, like not being able to vote - which I don't think you'd. Submit Form R6, application fees and supporting documentation (related to the applicant and business ownership) to the Department of Immigration. has resided in the Islands since birth save for absences abroad for purposes of education or medical treatment. In response to the drop in tourism numbers due to the Covid-19 pandemic, The Cayman Islands has decided to focus on the wealthy digital nomad of which there are plenty in the United States. Property Type Low Density Residential. If not, then British Overseas Citizen (BOC) status would have been achieved and, in some cases, this can be upgraded to full British Nationality. Is it a better exchange rate to use KYD or can I use USD$? In fact, the US is one of only two countries in the world that use this systemthe other . You can also find useful tips from fellow travellers. How long can a Canadian citizen stay in the Cayman Islands? If you would like to make the Cayman Islands your home for longer than six months, you can apply for permanent residency by way of investment, you can apply for a work permit, or you can apply for a Global Citizen Certificate which allows individuals to extend their stay for up to two years. Where can I bank on-island? Enjoy peace of mind living in one of the . Applicants must submit Form R8, fees and supporting documentation to the Department of Immigration. Requirements include investing CI$1.6 million in developed real estate and sufficient financial means for living expenses. The program is attractive for investors seeking a tax-efficient residence as the Cayman Islands have no corporation, income, capital gains, inheritance, or sales taxes. Residence can be renewed after the 25-year duration lapses. The Caymanian Status and Permanent Residency Board may grant the right to be Caymanian to applicants in various categories such as: Would you like to find out more about how to get residency in the Cayman Islands? You must review 'Schedule One' for the Caymanian Status requirements needed for application & participation in the pageant before you apply.. A permanent resident in the Cayman Islands is expected to do the following: notify the Chief Immigration Officer of any changes in the number of dependants; submit the annual statement containing the proof of payment for the annual fee (as per their occupation); The Cayman Islands has launched the Global Citizen program as an initiative for professionals and digital nomads to live and work remotely in the Cayman Islands (Cayman) for up to two years. Other qualifications include living in the Cayman Islands for the majority of the past five years, not leaving the Islands for more than 90 days at a time, and having a clean record with immigration. Minimum Investment Requirements: Cayman Islands Investor Residency. The Cayman Islands Residency by Investment program has many options available to expatriates. For more information about flights entering and leaving Cayman, see this page. The Cayman Islands Hospital offers three single delivery suites, eight maternity rooms (three single and five double rooms) and is home to the only Neonatal Intensive Care Unit (NICU) on the Island. A spouse and dependent children may also enjoy the right to reside in the Islands (without the right to work). A child or grandchild of a Caymanian born in the Cayman Islands; A person who is a British Overseas Territories Citizen by reason of a certificate of naturalization or registration issued under the British Nationality Act 1981 by virtue of his connection with the Islands. A holder and his spouse may also have their permission to remain varied to allow the right to work in the Cayman Islands. For information on applying for a travel declaration or request, see the TravelCayman portal. You will be required to present your Passport (valid for at least the intended duration of your stay), an Immigration Card and Customs Declaration Card upon arrival. Freedom of Information | Possession of a British Overseas Territory Citizen/Cayman Islands (BOTC/CI) Passport is. Canadian citizens, who can instead present proof of citizenship, such as a birth certificate together with a photo driver's licence, plus a return or onward ticket. Unlike Option 1, the holder or spouse can apply for a variation to the Certificate in order to obtain the right to work. Certificate for employment fee: USD 500. For details on the requirements for each category, click on the appropriate link. The Cayman islands main industry is financial services with tourism the 2nd largest. There may officially be seven seas across this earth, but there is only one that's worthy of being called Caribbean. The maximum time that an individual can reside in the Cayman Islands on a work permit is nine years. But, unlike other locations, the Cayman Island has a welcoming vacation setting and English is spoken throughout the island(s). Launched by the Ministry of Tourism, the Global Citizen Concierge Program is designed to welcome back affluent, remote-working professionals, and their families, to the beautiful Cayman Islands. Application processing times for investor or business immigration are variable, and depend heavily on submitting a complete, error-free application. CI$500,000 investment, where at least CI$250,000 must be in developed real estate in Brac or Little Cayman. Investment options available to acquire the citizenship and passport of Cayman Islands. attorney to discuss your specific facts and circumstances and to obtain advice on specific legal problems. Applicant is required to be present when applying for Greece schengen visa. Any lenders that are incorporated or registered in the Cayman Islands or otherwise carrying on business in the Cayman Islands will be required to register and be . Access Keys | Provided certain criteria are met, a person may apply for a Global Citizen Certificate (the Certificate), allowing them and their dependents the . demonstrate an annual income of at least $75,000, or. With over 28 years of experience in filing successfully business and investor immigration applications, we have developed an expertise in identification of lucrative investment options, eligibility enhancement, intricate detailing of applications, and coordination with visa authorities. How long can I stay in the Cayman Islands as a non-resident? Those born in the Cayman Islands would have held Citizen of the United Kingdom and Colonies (CUKC) status. If you want to live in Grand Cayman, you must invest $1,200,000, and at least $610,000 of that must be real estate. was born in the Cayman Islands between 27 March, 1977 and 1 January 1983; is a British Overseas Territories Citizen by virtue of being born in the Cayman Islands; and. Cayman Islands, Grand Cayman, permanent residence, Real Estate, residency, Caribbean Citizenship by Investment Real Estate. This means that those who are travelling with at least one individual who meets the below points must have their travel request approved: Once registered, you can then book your flight directly with the approved airline carriers. If you fall under a category that grants this right, for example, if your grandparents were Caymanians, then you can discuss your option with one of our agents. Cayman islands citizenship by investment The islands provide business and real estate investors with a permanent residence permits under the Independent Means . No Article, Blog Post or Page may be reproduced or used without express written consent of Golding & Golding. For information on Retiring in Cayman see here. Cruise ships are resuming travel to the Cayman Islands from March 21st 2022. Price CI $11,950,000. The certificate holder(s) can reside in the Islands for 25 years. TOURIST VISA REQUIRED: None required VACCINATIONS: None required CURRENCY RESTRICTIONS FOR ENTRY: None CURRENCY RESTRICTIONS FOR EXIT: None ALL / Embassies and Consulates Destination Description Entry, Exit and Visa Requirements Safety and Security Local Laws & Special Circumstances Health Travel and Transportation Fact Sheet Block 32E. After 5 years of permanent residency individuals may be eligible to apply for citizenship by naturalization which is a pathway to getting British Overseas Territories Citizenship. Certificate for Persons of Independent Means For residing in Grand CaymanFor residing in Cayman Brac or Little Cayman. There are two maternity wards in Grand Cayman and one in Cayman Brac. It may then be possible to apply for an extension by applying to the Chief Immigration Officer. Treatment is expensive, and cash payment may be required upfront. Individuals who invest in, or who are employed in a senior management capacity within, an approved category of business may apply for a Residency Certificate , which provides the right to reside and work in the Cayman Islands for a period of up to 25 years. Immigrant investors and their families enjoy a high quality of life, access to global standard health and education systems, varied investment options, no direct tax payment obligations, visa-free travel to 130+ countries, stable economic and political conditions, and the benefits of dual citizenship. This facility is for persons who invest in, or who are employed in a senior management capacity within, an approved category of business in the Cayman Islands. From the requirements to the application process, find out how to become resident in the Cayman Islands. Caribbean citizenship in St Kitts and Nevis is not the only CBI option available to Indians. A total of 10 documents are required for applying Greece schengen visa. Considered a British overseas territory, the Cayman Islands consist of three islands - Grand Cayman, Little Cayman and Cayman Brac located in the western Caribbean, roughly 150 miles from Cuba. If you're unsure how Cayman Island's entry requirements apply to you, visit Cayman Islands Customs and Border Control Website. All Rights Reserved. The Certificate of Direct Investment is for persons who invest, or propose to invest, a minimum prescribed amount in a licensed employment generating business in the Cayman Islands and in which he/she will exercise substantial management control. Therefore, the medical services are more limited on the Sister Islands. Easily accessible destination via short flights from the USA, Canada, UK and many other locations. Individuals aged over 18 who meet certain financial requirements and make a significant investment in the Cayman Islands may apply for a Certificate for Persons of Independent Means, which provides the right to reside in the Cayman Islands for a period of up to 25 years. But, assuming you fit the requirements, it all comes with a long-term residency program and a variety of privileges. Passports must be valid for at least six months after your planned return date. Investment in Real Estate - One can invest US$1.2 million in local real estate. Become a permanent Turkish citizen with your whole family in 60 days; . Those approved for the programme must either rent or buy a property before arriving in the Cayman Islands. In addition, after five years, an application can be made for a British Overseas Territory (BOT) passport, and then within six to 12 months after receiving the BOT passport a UK passport. Valid for 25 years and holder may work in the business that the funds were . As the Certificate title denotes, a holder has the right to reside indefinitely in the Cayman Islands. This system is much rarer than residency-based taxation. Cayman Islands is an Overseas Territory of the United Kingdom. The stay is usually short with a period of 30 days. A spouse and dependent children may also enjoy the right to reside in the Islands but must apply to the Chief Immigration Officer or the Caymanian Status & Permanent Residency Board for the right to work. Many ATMs in Cayman accept overseas debit and credit cards. When travelling to the Sister Islands if you are unvaccinated and over the age of 5 then you must take a Certified Lateral Flow Test no earlier than 24 hours before departure. Property Location Lower Valley. Rollover requires the individual to leave the country for a period of 12 months. Foreign nationals looking to move to the Cayman Islands need to apply for a student visa (which is valid for the duration of their course), a work permit or a residence permit. You can enjoy tax benefits such as no inheritance tax, no income tax, no property tax and no capital gains tax. Visitors are permitted to stay for up to a total of six months. Some of these countries include Australia, Egypt, New . Moving to the Cayman Islands How do you get residency in the Cayman Islands? Cayman Islands Visa for citizen of: United States Investors may acquire British overseas territories citizenship (BOTC) and passport in Cayman under the British Nationality Act 1981. If you are fully vaccinated (with a securely-verifiable vaccination), you must apply for a Travel Declaration. 9 crore or 4.5 crore) in developed real estate and fulfilment of financial standing conditions, in exchange for living indefinitely in Cayman Islands for 25 years without the right to work. date of expiration, often within 3 months of applying. Certificate holders may apply to the Caymanian Status & Permanent Residency Board or the Chief Immigration Officer for a variation of the Certificate to allow the right to work in the Cayman Islands. In addition to completing the application form, you must also upload the following: A successful applicant will be granted permission to reside in the Islands for a period of 25 years (renewable). MLS # 415351. The standard of care is excellent. Required Forms Learn more at www.cimoney.com.ky . The Cayman Islands don't offer a pure citizenship-by-investment program, but as a British Overseas Territory, its permanent residents become eligible for a Cayman Islands passport after five years and a British passport within twelve months thereafter. Unlike other programs, the Cayman Island Golden Visa Program refers to a permanent residence program and not immediate citizenship (as compared for example to the St Kitts and Nevis Golden Visa). The GCCP is aimed at eligible professionals who can fully support themselves while in the territory to enjoy a period of residency in the Cayman Islands for an extended period while working remotely and earning income from abroad. After some time, he can apply for permanent residence as well. Applicants must submit Form R2 along with application fees and supporting documents to the Department of Immigration, which will review and approve the application. The certificate can be renewed upon the completion of this duration. In the Cayman Islands, you can obtain British Overseas Territories Citizenship if you acquire permanent residency first. Other qualifications include living in the Cayman Islands for the majority of the past five years, not leaving the Islands for more than 90 days at a time, and having a clean record with immigration. Permanent residents enjoy the right to work in the Cayman islands. Prior to booking your flight, people wishing to travel to the Cayman Islands must first apply for pre-travel approval via the TravelCayman portal. A holder will also have the option of seeking naturalization as a British Overseas Territories Citizen and, thereafter, the right to be Caymanian. Answer (1 of 4): Basically, you would have to marry a Caymanian citizen. People wishing to live and work in the Cayman Islands must secure a job and obtain a work permit prior to arriving in the islands. These programs not only follow a streamlined procedure, but also have relatively simple eligibility requirements. You also need to have a Cayman Islands bank account with $500,000 in it. The Cayman Islands provide a wide range of ultra-modern medical services. Please click here to find the most updated visa requirements. In order to apply to the Residency by Investment Program, the has different options available to them. The Cayman Island is well-known as a relatively safe location with wonderful coastal properties. Permanent Residence Certificate for Persons of Independent Means. Feedback | This Certificate provides the holder (and any qualifying dependants) with a lifetime grant to reside in the Cayman Islands without the right to work. Powered by Jovial21st. For citizens from countries that employ citizenship-based taxation, a citizen or permanent resident living in any country will be subject to income tax irrespective of where the income was earned. All of these factors create a suitable environment for profitable investment and business activities. Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents, Click Here to Schedule a Reduced-Fee Consultation, Cayman Islands Residency Investment Requirements, A holder and his spouse may also have their, Nearly 100 countries passport free and other countries VOA (Visa on Arrival). To explore your options in more detail, please contact 7th Heaven Properties, the Luxury Caribbean Property Specialist. Eventually, the investor and their family members can apply for naturalization to the status of a British Overseas Territory Citizen, and subsequently apply for the right to be Caymanian. A person who is the surviving spouse of a Caymanian. may apply no later than 21 December 2007 to the Chief Immigration Officer for the right to be Caymanian. You can even give us a ring on(+91) 859 533 8595or directly interact with our expert Visa Consultants through our Live Chat window. Citizensl company provides legal assistance in obtaining EU citizenship by gaining a passport of Slovenia, Slovakia, Hungary, Romania, Latvia, Lithuania, France and Estonia by repatriation programme. In the detail-oriented process of investor immigration, it is imperative to minimize the scope of error and pursue the process in a legitimate manner with the assistance of seasoned consultants at Abhinav. You can reside in the Cayman Islands legally, in some cases with the right to work and conduct business. The Government of the Cayman Islands offers several options for affluent individuals seeking long-term residence in the Cayman Islands as follows: Individuals who invest a minimum of $2 million in Cayman Islands real estate may apply for a Certificate of Permanent Residence for Persons of Independent Means, which provides the right to reside indefinitely in the Cayman Islands. Cayman Islands Immigration | Elgin Avenue, Grand Cayman, Cayman Islands | (345) 949-8344. The Cayman Islands had a non-partisan system, but it evolved into a two-party system. Permanent Residence on the basis of eight years residence Eligibility Any person who has been legally and ordinarily resident in the Cayman Islands for a period of at least eight years, but not more than nine years*, other than the holder of a: Residency Certificate for Persons of Independent Means; Residency Certificate for Retirees; Travel Visas Cayman Islands Visa Application and Requirements A Cayman Islands visa is not required for citizens of United States for a stay up to 90 days. Requirements of Cayman Islands Residency for Immigrant Investors Permanent Residence Certificate for Persons of Independent Means Requires investment of at least CI$2 million (approximately 18 crore) in developed real estate, in exchange for indefinite residence in Cayman Islands. Get EU citizenship in a short time. Investments Jus soli, another Latin term meaning "right of soil" generally refers to the rule granting citizenship to an individual who is born in a country.However this does not apply in every country, and certain legal regulations may restrict individuals in some nations, under what is known as lex soli law. Citizenship by Birth: Jus Soli . Cosmopolitan destination offering a wonderful lifestyle and very high standard of living surrounded by some of the best beaches and dive sites in the world. In the Cayman Islands, you can obtain British Overseas Territories Citizenship if you acquire permanent residency first. Offering breathtaking natural beauty, a vibrant entertainment scene and a cosmopolitan society, the Cayman Islands can offer residents a very high standard of living. You must have been a resident of the Cayman Islands for six consecutive months prior to submitting your application for citizenship. Explore Cayman is written and updated by locals and helps you find the very latest and best activities and things to do in the Cayman Islands, have been fully vaccinated against COVID-19 at least two weeks prior to travelling/date of arrival in the Cayman Islands, have a digital copy of your securely verifiable vaccination, with a unique QR code or a vaccination record (such as those issued by, An unvaccinated accompanying child who is under 18, however, only, does not have a securely verifiable vaccination, is subject to quarantine requirements (as per the regulations). For a full list of which countries do and do not require visas for entry into the Cayman Islands please visit www.immigration.gov.ky. Individuals aged over 18 who have resided lawfully in the Cayman Islands for a period of 8 years may apply to the Chief Immigration Officer or the Caymanian Status & Permanent Residency Board for permission to reside permanently in the Cayman Islands. who has been legally and ordinarily resident in the Cayman Islands for at least five out of the seven years immediately preceding the date of their application for the continuation of the right to be Caymanian. A successful applicant is granted a Residency Certificate valid for 25 years (renewable) which entitles him to reside in the Islands and to work in the business in which he has invested or is employed in a senior management capacity. To process your Golden Visa application for the Cayman Islands, you have to pay the following extra fees: Application fee: USD 600. CI$75,000 annual income, or CI$400,000 deposit in assets the Cayman Islands; CI$20,500 issue fee for the main applicant and each dependant must pay CI$1,000 fee per year; Residency permit issued for 25 years and has 30 days minimum . A successful applicant will be granted residency for a renewable period of 25 years, but will be required to submit an annual declaration confirming (i) the conditions below continue to be met, and (ii) that the applicant was in the Cayman Islands for a minimum of ninety days in aggregate for the preceding calendar year. Such materials are for informational Permits have two durations: a temporary permit, which lasts up to six months, and an annual permit which lasts longer than six months. Azerbaijan tourist visa is required for Caymanian citizens if they have Gambia Passport. This certificate does not include the right to work in the Cayman Islands. We look forward to helping you find your perfect property in the Cayman Islands. By seeking the assistance of trained consultants, the process can be completed in the shortest possible duration. Cayman Islands Passports are only available to persons who hold British Overseas Territories Citizenship ("BOTC") by virtue of a connection with the Cayman Islands. Greece schengen visa is required for Caymanian citizens if they have Estonia Passport. Once this is done, the certificate will be issued. An individual who has become a British Overseas Territories Citizen by Naturalization. Watersports Make your splash. An additional benefit of this pathway is the possibility of securing a United Kingdom passport after five years. Nationals referred to in the chart above require a passport valid for six months beyond the length of stay in the Cayman Islands, except: 1. The Chief Immigration Officer is required by law, save in exceptional circumstances, to grant such an application. An individual aged over 18 who is the child or grandchild of a Caymanian born in the Cayman Islands. Unlike other programs, the Cayman Island Investor Residency Status comes with a pretty hefty price-tag. The Cayman Islands passport requirements for Canada visa include a return ticket and proof of sufficient funds. Persons requiring a visa for entry into the Cayman Islands must apply. This article lists political parties in the Cayman Islands.A political party is a political organization subscribing to a certain ideology or formed around very special issues with the aim to participate in power, usually by participating in elections.. See political party for a more comprehensive discussion.. Subsequently, the certificate will be issued to the primary applicant and family members. To qualify for the program, applicants must be able to demonstrate a minimum income of at least US $100,000 for individuals, US $150,000 for couples and US $180,000 for families. You can apply for a Travel Declaration if you: If you are not fully vaccinated and/or subject to quarantine requirements, you must apply for a Travel Request with TravelCayman. After thorough assessment, an approval-in-principle will be issued, which is valid for a six month period during which the applicant must demonstrate that investment has been made and licenses have been obtained. All travellers There are no restrictions due to COVID-19 for. Permanent Residence on the Basis of 8 Years of Residence Permanent Residence for Persons of Independent Means Global Citizen Concierge Programme (GCCP) Benefits of Residency How to Apply for Citizenship Find Out More. At the end of the one-year period, they can apply for . The local currency is the Cayman Island Dollar 1CID/1:20USD. Please note this is not a citizenship or permanent residency program. Cayman Islands Nomad Visa Overview. The certificate holder and family members can reside in Cayman Island for 25 years (the certificate can be renewed after this period) and work in the business they have invested in. There are many advantages to becoming a resident of the Cayman Islands. No restriction on foreign ownership of land. In response to the surge in demand for remote working in secure island locations following the global outbreak of Covid-19, the government of the Cayman Islands developed a new visa category called the Global Citizen Concierge Programme (GCCP) for affluent professionals who have the capacity to move to the territory and work remotely from the territory. Subscribe us to know the latest news and trends in the Business Visa Sphere. If the certificate is not immediately issued, an approval-in-principle will be issued for a six month period, during which the applicant must become compliant with all requirements. To apply for naturalisation, the applicant must meet the following residence requirements: You must take this Declaration Certificate with you when travelling. Our firmspecializes exclusivelyin international tax and expatriation. maintain a deposit of at least $400,000 in a licensed financial institution in the Cayman Islands and make an investment of at least $500,000, including $250,000 in developed real estate in Cayman Brac or Little Cayman. Option 2: Certificate of Permanent Residence for Persons of Independent Means. Certificate of Direct Investment For high net worth business investors. A new route to residency for high net worth foreign professionals is currently in the final stages of development. A person who is the surviving spouse of a Caymanian; will expire when they reach the age of eighteen; or, has expired as they have reached the age of eighteen; and. For much more information on Cayman Work Permits please see our Cayman Resident website. Help | Once an employee reaches nine years, they can either apply for permanent residency or get "rolled over.". Applicants can apply for a double-entry visa only if they have to make two trips to Japan within a six month period for business purposes. BOTC Passport. How do you get residency in the Cayman Islands? A total of 9 documents are required for applying Azerbaijan tourist visa. Work Permit Term Limit The Standard Term Limit is reached at nine years and is the point at which people either have to leave for a year or apply for Permanent Residency. Cayman Islands offers a permanent residency program which also offers a path to eventual naturalization and citizenship. 2 Cayman Islands Residency Investment Requirements 3 Certificate of Permanent Residency for Persons of Independent Means 4 Residency Certificate for Persons of Independent Means 5 Certificate of Direct Investment 6 Residency Certificate (Substantial Business Presence) 7 Travel on the Cayman Islands Passport 8 Path to Naturalization The benefits of Cayman Islands residency. The application will be reviewed and approved, if eligible. In addition to your passport, you must also have proof of citizenship. We can assist with any US passport expediting services that may be needed. All participants must quarantine for a period of 14 days upon arrival. The Cayman Islands Visa Office charges a non-refundable visa processing fee of $92.00, which is set in Cayman Islands dollars. The main Hospitals are in Grand Cayman, the sister island Cayman Brac has a smaller hospital, and Little Cayman has a medical clinic. Police Clearance Provide a Federal criminal record or similar documentation, issued within the past 6 months old, from the last place of residence for more than 6 months. The minimum annual income is at least $150,000. There are several routes to acquiring the right to permanent residency in the Cayman Islands. Note: Variation of certificate may imply varying the certificate to include the right to work, to add or remove dependents or to switch occupations. Property Status New. Nationals of United States of America, Canada, the United Kingdom and most countries within the British Commonwealth do not require visas to enter the Cayman Islands. This status would have been lost if the new BOTC status was granted. The programme will allow applicants to enjoy a longer stay in the Cayman Islands. For inquiry: +1 (345)949-9526. Permanent Residence on the Basis of 8 Years of Residence, Permanent Residence for Persons of Independent Means, Global Citizen Concierge Programme (GCCP), demonstrate an annual income of at least $120,000, or. Lot Size 4.15. purposes only and may not reflect the most current legal developments. The Global Citizen Concierge Programme (GCCP) is a new visa category being developed by the Ministry of District Administration, Tourism and Transport initiative. You can also find useful tips from fellow travellers. Visitors to the Cayman Islands may be permitted to stay in the Cayman Islands for a period of up to 6 months. The Cayman Islands residency programme is suitable for highly successful investors and entrepreneurs who live very international lives. Terms & Conditions Site Map | Individuals with a demonstrable track record who invest a minimum of $1 million in a licensed employment-generating business in the Cayman Islands may apply for a Certificate of Direct Investment, which provides the right to reside in the Cayman Islands for a period of up to 25 years. The Explore Cayman app is the #1 app for the Cayman Islands and can be downloaded for free. The 2020 edition of the Explore Cayman magazine is a 172 page full colour magazine. Requires investment of a prescribed minimum amount (CI$1 million or CI$500,000 i.e. Nationals of the USA, Canada, the UK and most countries within the British Commonwealth do not require visas to visit the Cayman Islands. One can apply on the basis of 8 years of lawful residence in the three-island archipelago and one can also apply as a Person of Independent Means. Canadian and U.K. citizens are not required to carry a passport but need to provide proof of citizenship, such as an original birth certificate with a raised seal or a notarized copy of a birth certificate, in addition to a valid government-issued photo ID. We put together this guide for property buyers considering moving to the Cayman Islands and wondering how to get residency in this world-class destination. Residency in the Cayman Islands The Guide from 7th Heaven Properties, How long can I stay in the Cayman Islands as a non-resident? These informational materials are not intended, and should not be taken, as legal advice on any particular set of facts or circumstances. Latest FCDO travel advice for Cayman Islands including on entry requirements, safety and security and local laws and customs. Cayman Islands tourist visa is not required for citizens of Canada for a stay up to 30 days. A minimum 30 days residency is required. The investor and spouse can also avail the right to work in the country. Requires direct or indirect ownership of minimum 10% shares in an approved business category through which the applicant establishes substantial business presence in Cayman Islands OR proof that the applicant will be employed by an approved business in a senior management role; in exchange for a residency certificate that is valid for 25 years and can be renewed. Check visa requirements for Christmas Island citizens traveling out of United States to any country in the world. You will be required to show your return or ongoing ticket upon arrival in the Cayman Islands. To discover homes for sale in the Cayman Islands and condos for sale in the Cayman Islands from glamorous Seven Mile Beach to quiet and peaceful Little Cayman which may qualify you for permanent residency, explore real estate in the Cayman Islands on our website. While it is a low tax environment, entry requirements are steep. The process generally takes a minimum of three months. View Water Front. Residency Certificate (Substantial Business Presence). Acquiring Cayman Islands citizenship by birth is possible by making an application for this purpose with the Chief Immigration Officer for being granted the right to be Caymanian. BOTC law in many cases mirrors that which governs British Nationality. Requirements for Cayman Islands citizenship To be a citizen of the Cayman Islands, you must be born on or after 3rd October 1981 and meet certain residency requirements. The Government has elected to not require a spouse of a Caymanian to undertake any annual reporting requirements but given perceptions as to marriages of convenience and the . maintain a deposit of at least $400,000 in a licensed financial institution in the Cayman Islands and make an investment of at least $1 million, including $500,000 in developed real estate in Grand Cayman. They may go for other Caribbean citizenship by investment schems (say, the ones in the Cayman Islands, St Vincent and the Grenadines, and the Bahamas) and CIPs in multiple other regions (Jersey, Mauritius, the Seyshelles, or the Cook Islands). Persons of Independent Means and Investors, Guidelines on Acknowledgement and Continuation of Caymanian Status, R21 - Acknowledgement of the Right to be Caymanian, Guidelines on Caymanian Status and Permanent Residency, R22 - Application for the Right to be Caymanian. However, if you are coming to Cayman on an approved Work Permit then you do not need to go through the Visitor's Visa process. This guide focuses on the latter residence permits. Once the certificate is issued, the investor and family members can indefinitely reside in Cayman Islands. If the applicant pursues the Certificate of Permanent Residency for Persons of Independent Means, they can become a naturalized citizen of the Cayman Islands. Applicant is required to be present when applying for Azerbaijan tourist visa. Requires investment of CI$1 million (approximately 9 crore) in a licensed business that generates employment, prior entrepreneurial background or business track record (including technical, professional and other knowledge required for business operations), and substantial management control of the business by the investor. With zero new cases of COVID-19 recorded among the local population, Grand Cayman is a virus-free safe haven. The maximum length of time most people can work in the Cayman. In addition to Permanent Residency the Cayman Islands offers a Residency Certificate requiring just $1.2 million investment in real estate. Applicants will be required to demonstrate that they have invested a prescribed minimum amount in developed real estate in the Islands and that they meet certain financial standing requirements. Naturalisation is granted on grounds of residence (Section 18 (1)). Convenient location with nonstop flights to London Heathrow and major North American cities, including a 70-minute flight to Miami. As the digital nomad visa program is emerging across the world, the Cayman Islands has entered the expanding list of island nations to launch the Global Citizen Concierge Program (GCCP) to give a place for people who don't need to be tied to an office for their chosen careers to live and work in paradise. Minimum annual income of CI$120,000, andInvestment of CI$500,000 in Grand Cayman of which at least CI$250,000 in developed residential real estate.Minimum . Are You Ready to Apply? The first step for obtaining Cayman Islands dual citizenship is investing in the country. You are here: Cayman Islands Temporary Work Permits are usually used only for truly temporary work but can be used to get someone working in Cayman very quickly. Jobs | The main applicant and all accompanying family members are required to have health insurance that can be used in the Cayman Islands. Apply for Jamaican Citizenship - The Jamaican Consulate, Cayman Islands. In the case of individuals looking to reside in Grand Cayman, an applicant is required to either: In the case of individuals looking to reside in Cayman Brac or Little Cayman, an applicant is required to either: After the 25-year period expires, the certificate can be renewed. Contact our firm todayfor assistance with getting compliant. As the Cayman Islands is an internally self-governing British Overseas Territory (BOT), there is no distinct Cayman Islands citizenship but rather a form of citizenship common to all BOTs, formally known as British Overseas Territories Citizenship (BOTC). The stay is usually short with a period of 90 days and visa expires in 90 days. Residence Certificate for Persons of Independent Means. Where visas are required they must be sought and obtained prior to travel. 1. The applicant must spend a minimum of 1 day annually in the Cayman Islands. There is no expiry to this certificate. The program is called the Cayman Islands Global Citizen Concierge . Possession of a British Overseas Territory Citizen/Cayman Islands (BOTC/CI) Passport is not conclusive proof that the holder is Caymanian; A person who is married to a Caymanian; A person who is the surviving spouse of a Caymanian; A person who has attained the age of seventeen; has Caymanian Status which US Citizens is one of the top Residence by Investment Visa Programs available to expatriates seeking to take a break from the IRS and US tax filing. Under Cayman Islands offers a path to eventual Naturalization and citizenship status was granted to the! Philippines, for example, do to find the most current legal developments application,... Have been a resident of the the Luxury Caribbean property Specialist to use KYD or I... 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