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Securing Cayman Islands residency by proof of independent means or by way of direct investment

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  • a continuous source of annual income in the "prescribed amount", without the need to engage in employment in the Islands. The "prescribed amount" is CI $150,000 (US $187.500) for those looking to reside in Grand Cayman and CI $75,000 (US $93,750) for Little Cayman or Cayman Brac.
  • investment of the "prescribed sum" in developed residential real estate in the Islands. The "prescribed sum" is CI $250,000 (US $312,500) for those looking to reside in Grand Cayman and CI $25,000 (US $31,250) for Little Cayman or Cayman Brac; and
  • other local investments in the "prescribed amount". The individual's total investment in the Islands must be CI $750,000 (US $937,500) for an individual looking to reside in Grand Cayman and CI $250,000 (US $312,500) for someone looking to reside in Cayman Brac or Little Cayman. In both cases, the investments in real estate, detailed above, are taken into account when calculating the overall investment requirement.
  • has made or proposes to make, an investment equal to or greater than the "minimum prescribed amount" (currently CI $2.4m; US $3m) in any "licensed employment generating business or businesses in the Islands" (whether already existing or a new venture, and in which he does or will exercise substantial management control);
  • has a substantial business track record or an entrepreneurial background, including specific professional, technical and other knowledge relevant and necessary to carry on the pertinent business or businesses;
  • can prove that his personal net worth meets the "minimum prescribed requirements" (currently CI $6m; US $ 7.5m); and
  • can prove:
  1. that he has available to him and under his personal control funds to the value of the proposed investment amount; or
  2. that he has already invested the minimum prescribed sum of money in a licensed employment generating business in the Islands,

Published December 12, 2012

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