Investment Pathway to Cayman Islands Residency: Financial Commitment for Permanent Stay [Streamlined Procedure]

The Cayman Islands, known for their tropical beauty and favorable tax rates, now offer a unique opportunity for foreign nationals to secure residency, and in some cases, citizenship, through the Cayman Islands Golden Visa program. This program provides four different investment routes, making it accessible for a variety of applicants.

Investment Options

Residency Certificate for Persons of Independent Means: This temporary residence permit lasts for 25 years and requires an investment of at least CI$1 million, with at least CI$500,000 invested in developed real estate in the Cayman Islands.
Certificate of Direct Investment: Applicants can obtain a residency permit by investing at least CI$1 million in one or multiple licensed businesses operating in the Cayman Islands. To be eligible, the applicant must either work as a senior manager or have invested or own at least 10% of shares in a qualified business in the islands.
Residency Certificate of Substantial Business Presence: This option requires the applicant to have a substantial business presence in the Cayman Islands, with a minimum investment of CI$1 million.
Certificate of Permanent Residency for Individuals with Independent Means: This grants permanent residency in the Cayman Islands with an investment of at least CI$2 million in developed real estate.

Fees and Process

The fees for the Cayman Islands Golden Visa vary depending on the investment option chosen. The fees for permanent residency include CI$500 application fee, CI$100,000 issuance fee, and CI$1,000 per dependent/year. The fees for residency certificates range from CI$500 application fee and renewal to CI$20,000 issuance fee.

The application process involves choosing the investment, submitting the application, waiting for approval, and obtaining residency permits. The entire process can take between three and six months, with the time frame potentially extending depending on the investment route chosen.

Benefits

Obtaining the Cayman Islands Golden Visa can lead to citizenship through naturalization after five years. Visa holders can apply for British Overseas Territory Citizenship (BOTC) and be granted a second passport if they meet the requirements. The program also offers a low minimum stay requirement, with permanent residents only needing to spend one full day in the country each year.

Professional Assistance

It is highly recommended to work with a professional immigration lawyer to ensure a seamless and smooth application process. The Cayman Islands join other Caribbean nations, such as Anguilla and Antigua and Barbuda, in offering golden visas to investors for either residency or citizenship.

In conclusion, the Cayman Islands Golden Visa offers a unique opportunity for foreign nationals to secure a foothold in the beautiful Cayman Islands. Whether you're an investor, entrepreneur, or key business executive, there's a route that suits your needs.