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Cayman Islands Citizenship By Investment

Cayman Islands Citizenship By Investment

Cayman Islands Citizenship

There are four highly accessible immigration pathways for investors, high net worth individuals, and senior executives (and family members) seeking permanent residence and eventual citizenship in Cayman Islands. These programs not only follow a streamlined procedure, but also have relatively simple eligibility requirements.

Immigrant investors and their families enjoy a high quality of life, access to global standard health and education systems, varied investment options, no direct tax payment obligations, visa-free travel to 130+ countries, stable economic and political conditions, and the benefits of dual citizenship. All of these factors create a suitable environment for profitable investment and business activities.

Requirements of Cayman Islands Residency for Immigrant Investors

Permanent Residence Certificate for Persons of Independent Means

Requires investment of at least CI$2 million (approximately ₹18 crore) in developed real estate, in exchange for indefinite residence in Cayman Islands. The investor and spouse can also avail the right to work in the country.

Residence Certificate for Persons of Independent Means

Requires investment of a prescribed minimum amount (CI$1 million or CI$500,000 i.e. ₹9 crore or ₹4.5 crore) in developed real estate and fulfilment of financial standing conditions, in exchange for living indefinitely in Cayman Islands for 25 years without the right to work. Residence can be renewed after the 25-year duration lapses.

Direct Investment Certificate

Requires investment of CI$1 million (approximately ₹9 crore) in a licensed business that generates employment, prior entrepreneurial background or business track record (including technical, professional and other knowledge required for business operations), and substantial management control of the business by the investor.

Residency Certificate (Substantial Business Presence)

Requires direct or indirect ownership of minimum 10% shares in an approved business category through which the applicant establishes substantial business presence in Cayman Islands OR proof that the applicant will be employed by an approved business in a senior management role; in exchange for a residency certificate that is valid for 25 years and can be renewed.

Application Process for Cayman Islands Investor Immigration Programs

Permanent Residence Certificate for Persons of Independent Means

An applicant must submit Form R5, application fees and supporting documents to verify information about themselves and the investment to the Department of Immigration. The application will be reviewed and approved, if eligible. Eventually, the investor and their family members can apply for naturalization to the status of a British Overseas Territory Citizen, and subsequently apply for the right to be Caymanian. An additional benefit of this pathway is the possibility of securing a United Kingdom passport after five years.

Residence Certificate for Persons of Independent Means

Applicants must submit Form R2 along with application fees and supporting documents to the Department of Immigration, which will review and approve the application. Once the certificate is issued, the investor and family members can indefinitely reside in Cayman Islands.

Direct Investment Certificate

Applicants must submit Form R8, fees and supporting documentation to the Department of Immigration. After thorough assessment, an approval-in-principle will be issued, which is valid for a six month period during which the applicant must demonstrate that investment has been made and licenses have been obtained. Once this is done, the certificate will be issued. The certificate holder and family members can reside in Cayman Island for 25 years (the certificate can be renewed after this period) and work in the business they have invested in.

Residency Certificate (Substantial Business Presence)

Submit Form R6, application fees and supporting documentation (related to the applicant and business ownership) to the Department of Immigration. If the certificate is not immediately issued, an approval-in-principle will be issued for a six month period, during which the applicant must become compliant with all requirements. Subsequently, the certificate will be issued to the primary applicant and family members. The certificate holder(s) can reside in the Islands for 25 years. The certificate can be renewed upon the completion of this duration.

Government Fee for Various Program

Permanent Residence Certificate for Persons of Independent Means

  • Application Fee: CI$500
  • Fee paid after certification issuance: CI$100,000
  • Certificate Issuance Fee for dependent: CI$1,000 for each dependent
  • Fee for variation of certificate: CI$500

Residence Certificate for Persons of Independent Means

  • Application Fee: CI$500
  • Fee paid after certification issuance: CI$20,000
  • Certificate Issuance Fee for dependent: CI$1,000 for each dependent
  • Fee for variation of certificate: CI$500

Direct Investment Certificate

  • Application Fee: CI$1,000
  • Fee paid after certification issuance: CI$20,000
  • Certificate Issuance Fee for dependent: CI$1,000 for each dependent
  • Dependent Fee (payable annually): CI$1,000
  • Fee for variation of certificate: CI$500
  • Annual fee equal to fee paid by work permit holders in the same occupation: variable

Residency Certificate (Substantial Business Presence)

  • Application Fee: CI$1,000
  • Fee paid after certification issuance: CI$5,000
  • Certificate Issuance Fee for dependent: CI$1,000 for each dependent
  • Fee for variation of certificate: CI$500
  • Annual fee equal to fee paid by work permit holders in the same occupation: variable

Note: Variation of certificate may imply varying the certificate to include the right to work, to add or remove dependents or to switch occupations.

Processing Time

Application processing times for investor or business immigration are variable, and depend heavily on submitting a complete, error-free application. By seeking the assistance of trained consultants, the process can be completed in the shortest possible duration.

Why Choose Abhinav?

With over 28 years of experience in filing successfully business and investor immigration applications, we have developed an expertise in identification of lucrative investment options, eligibility enhancement, intricate detailing of applications, and coordination with visa authorities. In the detail-oriented process of investor immigration, it is imperative to minimize the scope of error and pursue the process in a legitimate manner – with the assistance of seasoned consultants at Abhinav.

To know more about the Europe Business Visa, you can write us on  [email protected]  and our expert team of experts will get in touch with you to resolve your queries. You can even give us a ring on
 (+91) 859 533 8595 or directly interact with our expert Visa Consultants through our Live Chat window.

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