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Cayman Islands Residency Options

Understanding Permanent Residency Options in the Cayman Islands

For many of our clients, one of the most common questions is: What are the options for obtaining permanent residency in the Cayman Islands? This is a critical factor for anyone considering investment opportunities, particularly in freehold land lots. The Cayman Islands offer a range of residency pathways that perfectly complement its world-class lifestyle and financial advantages.

 

Check out our blog for insights on how you can stay in the Cayman Islands for up to 12 months – here.

 

Signature One, East End, Grand Cayman

 

Here’s a straightforward overview of your options:

 

What Does Permanent Residency Mean in the Cayman Islands?

Permanent residency allows you to live in the Cayman Islands indefinitely without needing to renew visas or work permits. It provides long-term stability in one of the most sought-after tax-free environments in the world.

 

 

Residency by Independent Means

This option is ideal for those who wish to enjoy the Cayman lifestyle without seeking local employment.

 

Key Requirements:

  1. Real Estate Investment:
    Own developed property valued at KYD $2,000,000 (USD $2,400,000). One of our freehold land lots offers an excellent starting point to build your dream property.
  2. Financial Independence:
    Prove your ability to sustain yourself financially without relying on local employment.
  3. Annual Presence:
    Spend at least 90 days per year on the islands.

This pathway also allows you to include dependents, such as a spouse and children, making it a great choice for families.

 

 

Permanent Residency with the Right to Work

If you’re planning to start a business or work locally, this pathway offers the necessary flexibility.

 

Key Highlights:

  • Points-Based System: Applicants are evaluated on criteria such as income, real estate ownership, community contributions, and qualifications.
  • Residency Timeline: You must live in the Cayman Islands for at least 8 consecutive years under a valid work permit.

 

This option allows you to participate in the local economy while securing your residency.

 

Residency Certificate for Persons of Independent Means

For non-permanent but long-term residency, this certificate offers a renewable 25-year option.

 

Requirements:

  • Annual Income: Earn at least KYD $120,000 (USD $146,000) from sources outside the Cayman Islands.
  • Real Estate Investment: Invest a minimum of KYD $1,000,000 (USD $1,200,000), with at least CI$500,000 in developed property.
  • Annual Presence: Spend at least 30 days per year in the Cayman Islands.

 

Important Note: Oasis Is Not a Residency Specialist

While we specialize in helping clients find the perfect freehold land lot to match their investment and lifestyle needs, we are not experts in residency matters.

We highly recommend consulting a qualified immigration lawyer or residency specialist for personalized advice. They can guide you through the legal and financial aspects of the application process.

 

Why the Cayman Islands?

  • Tax Advantages: No income tax, capital gains tax, or inheritance tax.
  • Stability: A robust economy, top-tier healthcare, and exceptional safety.
  • Luxurious Living: Pristine beaches, a rich cultural scene, and modern amenities make it a dream destination.

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