How can you get the Permanent Residency of the Cayman Islands?

The Cayman Islands is an overseas territory of the British comprising of 3 islands in the west Caribbean Sea. Permanent Residency of the Cayman Islands can be acquired in two ways:
 

1. Based on 8 years residence
    

Any person who has been a legal resident of the Cayman Islands for at least 8 years but no more than 9 years may be eligible for Permanent Residence. They can also apply for a Permanent Residence for their spouse and dependent children. The following people are exempt to apply under this category:
 

• Holder of a Residence Certificate for People of Independent Means
• Holder of a Residence Certificate for Retired People
• Holder of a Certificate of Direct Investment or their dependents
• Dependents of Residence Certificate Holders
• Holder of a Certificate of Permanent Residency for people of Independent Means
• Any person who had been granted Permanent Residence previously under any circumstance
   

2. As a person of independent means
    

What is the cost of a Permanent Residency application?

Applicants must pay a filing fee of CI $1,000 at the time of application. This fee is non-refundable. The fee for dependents is CI $400 per dependent, as per WORC. The Issue Fees is as below: $0 to $20,000 per year    : $500 Between $20,001 and $40,000 per year: $1,250 Between $40,001 and $60,000 per year: $2,500 Between $60,001 and $80,000 per year: $3,750 Between $80,001 and $100,000 per year: $5,000 Between $100,001 and $150,000 per year: $9,000 $150,001 and above per year: $12,500

How are Permanent Residency applications assessed?

Permanent Residency applications are assessed on a points system.

Points are awarded based on the following 9 factors:

• Occupation
• Qualification, Work Experience and Training
• Investments in the Cayman Islands
• Financial stability
• Integration into the Caymanian community
• Having a close connection to the Cayman Islands
• Cultural Diversity and Demographics
• Age distribution
• Deductible component
   

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