MORE ABOUT Cayman Islands

Cayman Islands's Economic Residency

Economic Residency in the Cayman Islands (also known as the Cayman Islands Residency by Investment Programme) offers permanent residency to qualified investors who make substantial economic contributions to the Cayman Islands through various investment options.

MOBILITY ASSSET SNAPSHOT

Discover Economic Residency in the Cayman Islands

The Cayman Islands Residency by Investment Programme provides a pathway to permanent residency for investors looking to base their business and investment activities in the country. This program is designed to attract foreign capital to contribute to the Cayman Islands' economic growth and development.

Cayman Islands
Mobility Asset Index Score
58.10%
Mobility Asset Type
Economic Residency
Official Name
Certificate of Permanent Residence for Investors and Persons of Independent Means
Launched in:
2010
Online Submission:
No
Residency Privileges
(in months)
24
Adjudication Time
(in months)
5
Minimum Stay Requirement
(in days)
183
In-Country Presence Requirement
(in months)
3

Overview

A Snapshot of Economic Residency in the Cayman Islands

A fast-track to permanent residency for qualified investors in the Cayman Islands

Eligibility Requirements

Substantial investment in approved sectors

Anchor Ancestor restrictions

Months to citizenship

Length of Visa

25-year Residency Certificate, renewable

Months to Visa

4-6 months for processing

Physical Presence Requirement

1 day per year

Availability

Limited

Family Allowance

Spouse and children

Overview

How to Apply for the Economic Residency Program in the Cayman Islands

Submit application to the Cayman Islands Department of Immigration

Overview

Discover How GlobalPassport Simplifies the Application Process for Cayman Islands's Economic Residency

Step-by-Step Guidance

Our experienced team will guide you through each stage of the application process, offering personalized assistance tailored to your needs.

Document Preparation

We'll help you gather and organize the documents you need for applying.

Application Submission

Once your documents are ready, we'll let you know where and how to submit your application to the relevant authorities.

Questions?

FAQ's

Find answers to common questions about GlobalPassport™ and our services.

How long does it take to process an Economic Residency application?

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Can I include my family members in my Economic Residency application?

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What are the investment options under the Economic Residency Program?

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How often do I need to renew my residency permit?

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Can Economic Residency holders apply for Cayman Islands citizenship?

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benefits

Benefits of Economic Residency in the Cayman Islands

Economic Residency in the Cayman Islands (the Cayman Islands Residency by Investment Programme) offers numerous advantages for investors looking to establish their presence in the Cayman Islands' thriving economy.

  • Fast-track to permanent residency for you and your immediate family
  • Tax-neutral jurisdiction with no income, capital gains, or property taxes
  • Minimal physical presence requirements for maintaining residency
  • Access to world-class healthcare and education facilities

Tax-neutral jurisdiction

High standard of living

Beautiful Caribbean environment

Program Stability

Lifetime residency privilege

Fast Processing Time (compared to other Residence by Investment Programs)

Visa-Free Travel Countries

Passport Validity

10 years

Overview

Why the Cayman Islands

The Cayman Islands offers a strategic location, stable economy, and attractive lifestyle for investors and entrepreneurs.

Benefits:

  • Political and economic stability
  • Strategic location in the Caribbean
  • Beautiful beaches and year-round tropical climate

Advantages:

  • Tax-neutral jurisdiction
  • World-class financial services sector
  • High standard of living and modern infrastructure

Questions?

FAQ's

Find answers to common questions about GlobalPassport™ and our services.

How long does it take to process an Economic Residency application?

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Can I include my family members in my Economic Residency application?

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What are the investment options under the Economic Residency Program?

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How often do I need to renew my residency permit?

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Can Economic Residency holders apply for Cayman Islands citizenship?

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REQUIREMENTS

Requirements for Cayman Islands - Economic Residency

Check if you qualify based on your family history

Direct Ancestral Connection

Not applicable

Documentation

Proof of investment: supporting documents of the investment made in any of the eligible investment types+Residency Requirement: The Cayman Islands offers a Permanent Residency Certificate for investors, which requires maintaining a substantial investment in the islands+There is no mandatory requirement for physical presence, but staying in the country for 90 days each year can strengthen the case for permanent residency

Unbroken Chain of Citizenship

Not applicable

Legal Compliance

Criminal Record: A clean criminal record is required+Compliance with Visa Conditions: Applicants must agree to maintain the investment and comply with all other residency conditions.

REQUIREMENTS

Requirements for the Cayman Islands' Economic Residency Program

To qualify for the Economic Residency Program, applicants must meet specific criteria demonstrating their investment capacity.

  • Invest a minimum of US$2.4 million in developed real estate
  • Provide proof of the origin and legality of the invested funds
  • Pass a background check and have a clean criminal record
  • Demonstrate a continuous source of annual income of at least US$146,000
  • Provide proof of adequate health insurance coverage
  • Be at least 18 years old

PROCESS

Economic Residency Process

#1

Initial Assessment

• Verify investment capacity

• Review investment options

• Complete preliminary eligibility check

#2

Investment Selection

• Choose qualifying investment type

• Perform due diligence on investment options

• Engage legal/financial advisors

#3

Application Preparation

• Gather source of funds documentation

• Prepare investment documentation

• Complete background verification

• Obtain required certifications

#4

Investment Execution

• Make qualifying investment

• Obtain investment verification

• Complete any required registrations

#5

Submission & Approval

• Submit residency application

• Complete biometrics (if required)

• Receive residency card/approval

Start now by taking our free assessment

START ASSESSMENT

PROCESS

Timeline for Cayman Islands - Economic Residency

DOCUMENTS

Documents Needed for Cayman Islands - Economic Residency

Important Notes
• All documents must be original or certified copies
• Non-English documents require certified translations
• Documents must be apostilled where applicable
Personal Identification Documents
Core identity documents required from the applicantis is some text inside of a div block.

Passport

Vital Records Documents
Birth, marriage, and death certificates from applicant and ancestors

Marriage certificate and birth certificates of dependents (if applicable)

Proof of Residence Documents
Evidence of current residence status

Proof of current address (utility bill, lease agreement, etc.) may be required

Criminal Clearance Documents
Background check documentation

Police clearance certificates from all countries of residence in the past 10 years.

Financial Documents
Proof of payment and financial requirements

Proof of Investment: Bank statements or other documents verifying the investment+Property purchase agreement or business investment documents+Proof of Funds: Documentation demonstrating the source of the investment funds (e.g., tax returns, bank statements).

DOCUMENTS

Costs Associated with Cayman Islands - Economic Residency

Pre-Application Costs
Essential document preparation and verification costs

Birth certificates from government archives; Marriage certificates for family dependencies; Police clearance records from current and past residences

Certified translations into official language(s); Apostille certification; Government-issued document legalization

Diploma and transcript verification; Professional certification authentication; Credential evaluation services

Government Application Fees
Official fees charged by government authorities

Initial application submission fee; Processing and handling charges; Administrative review fees

$130

Fingerprint collection fee; Digital photograph requirements; Biometric data processing

Required medical examinations; Vaccination verification; Health certificate processing

Post-Submission Costs
Costs after submitting your application

Document verification fees; Background check processing; Application status updates

Consulate visit expenses; Interview travel costs; Temporary accommodation (if required)

Language proficiency testing; Skills assessment fees; Additional document requests

Professional Services
Optional external support services

Immigration lawyer consultation; Document review services; Legal representation fees

Tax planning consultation; Asset transfer advisory; Investment planning services

Relocation services; Property search assistance; Settlement support services

Post-Acceptance Costs
Costs after approval

Residency card processing; Passport issuance fees; Registration certificates

Oath ceremony fees; Registration charges; Local authority fees

Renewal fees; Status maintenance costs; Annual reporting fees

Rankings

GlobalPassport™ Mobility Asset Index

136

Overall Rank

Cost

Based on application fee

Residency Requirements

Based on residency requirements

Residency Privileges Length

Based on programs’s term

Processing Speed

Based on estimated processing time

Eligibility Requirements

Based on entry requirements

Program Stability

Based on years of activity

Time to Permanent Residency

Based on permanent residency timeline

Rankings

Global Rankings/ Comparisions

Safety

Cayman Islands

Cost of Living

Cayman Islands

Quality of Life

Cayman Islands

Healthcare Quality

Cayman Islands

Internet Speed

Cayman Islands

Human Freedom

Cayman Islands

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TIPS & TUTORIALS

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