Your Guide to Cayman Islands Residency

Understanding Permanent Residency Options in the Cayman Islands

For many of our customers and perspective customers here at Oasis, one of the key questions is: How does permanent residency work in the Cayman Islands? This is an important consideration, especially for those exploring opportunities to invest in freehold land lots. The Cayman Islands offer various pathways to residency that complement its world-class lifestyle and economic benefits.

 

If you aren't looking to move to the Cayman Islands full time check out our blog to see how you can stay for upto 12 months.

 

Here’s a simplified guide: 

 

What Is Permanent Residency in the Cayman Islands?

Permanent residency allows individuals to live in the Cayman Islands indefinitely without the need to renew a visa or work permit. It’s a status that offers stability and access to the islands’ vibrant, tax-free environment.

 

Residency by Independent Means

This option is ideal if you’re not seeking employment in the Cayman Islands but wish to enjoy the lifestyle.

 

Requirements:

 

1.Real Estate Investment:

• Own developed property worth at least KYD $2,000,000 (USD $2,400,000).
• One of Oasis’ freehold land lots is the perfect starting point allowing you to develop your perfect property.

2.Financial Independence:

• Demonstrate the ability to support yourself financially without local employment.

3.Annual Residency Commitment:

• Spend a minimum of 90 days per year on the islands.

This pathway offers the flexibility to include dependents, such as a spouse and children, in your application, making it a family-friendly option.

 

Permanent Residency with the Right to Work

For those looking to establish a business or work on the islands, this option provides the necessary flexibility.

 

Key Points:

• Points-Based System: Applicants are assessed on factors like income, real estate ownership, community contributions, and professional qualifications.
• Eligibility Timeline: You must reside in the Cayman Islands for at least 8 consecutive years under a valid work permit.

This pathway ensures access to the local economy while securing your residency status.

 

Residency Certificate for Persons of Independent Means

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

 

Requirements:

• Annual Income: At least KYD $120,000 (USD $146,000) from sources outside the Cayman Islands.
• Real Estate Investment: Minimum KYD $1,000,000 (USD $1,200,000), of which CI$500,000 must be in developed real estate.
• Annual Presence: Spend at least 30 days per year in the Cayman Islands.

Important Note: Oasis Is Not a Residency Specialist

At Oasis, our expertise lies in helping clients find the perfect freehold land lot that aligns with your investment and lifestyle goals, we are not residency experts.

We strongly recommend consulting a qualified residency lawyer or immigration specialist for accurate advice tailored to your unique situation. These professionals can navigate the legal, procedural, and financial requirements of residency applications.

 

 

Why the Cayman Islands?

• No direct taxation: No income tax, capital gains tax, or inheritance tax.
• Stable environment: The Cayman Islands boast a strong economy, excellent healthcare, and exceptional safety.
• Luxurious lifestyle: World-class beaches, vibrant culture, and modern infrastructure make it a premier destination.

Investing in Cayman Islands real estate isn’t just about owning property—it’s about creating opportunities for a luxurious and secure lifestyle. Contact Oasis today to explore your options, and let us connect you with trusted residency experts for a seamless experience.