Cayman Island

The Cayman Islands, located in the Caribbean, is a British Overseas Territory renowned for its stunning beaches, crystal-clear waters, and vibrant marine life. This small island nation is not only a tropical paradise but also a global financial hub, attracting investors and expatriates from around the world. With its unique blend of natural beauty and economic opportunities, the Cayman Islands offer a distinctive lifestyle and business environment.

Program Overview

The Cayman Islands, renowned for its stunning beaches and tropical climate, are a sought-after destination for Westerners seeking retirement or relocation to a warm paradise. This jurisdiction is famous for its opulent lifestyle and tax-friendly atmosphere. As a British Overseas Territory, individuals attain the status of a British Overseas Territory Citizen (BOTC) and can become naturalized as such after residing for five years.

The Cayman Islands present a range of intriguing residence-by-investment programs tailored to high-net-worth individuals (HNWI). Investors can include their spouse and children up to the age of 24 in these programs. Participation in these programs necessitates the holding of annual permits, which involve initial and annual fees.

Program Benefits
Months to Residency from
Min Investment Amount (USD)
Years to Citizenship (from)*

The substantial investment required for Cayman Islands residency is truly justified by its numerous advantages. From its stunning natural beauty and well-developed infrastructure to its favorable tax environment and luxurious lifestyle offerings, the Cayman Islands make for an exceptional choice for a second residency. Explore the benefits:

  • Tax Advantages
  • Outstanding Quality of Life
  • Tax Optimization Abroad
  • Establish a Global Backup Plan
  • Wealth Diversification and Protection
  • Convenient Transportation
  • British Overseas Territory Status
Program Qualifications

To qualify for the Cayman Islands Golden Visa, there are minimal requirements:

  • Age of 18 or older.
  • Clear criminal record.
  • Demonstrated good health.
  • Possession of health insurance valid in the Cayman Islands.
  • Financial self-sufficiency to support yourself and your family members without local employment.

Naturally, a qualifying investment is also a prerequisite for applying for the Cayman Islands Golden Visa.

Types of Investments and Fees

Certificate of Permanent Residency for Individuals with Independent Means

Investment of at least CI$2 million in developed Cayman Islands real estate.

Grants permanent residency and potential for future citizenship through naturalization.

Allows work in the Cayman Islands.

Annual quota of 250 certificates.

Fees: CI$500 application fee, CI$100,000 issuance fee, CI$1,000 per dependent per year.

Residency Certificate for Persons of Independent Means

Offers temporary residency for 25 years but no citizenship by naturalization.

Financial criteria: CI$120,000 annual income from outside Cayman Islands or CI$400,000 in a local bank account, plus CI$1 million investment with CI$500,000 in Cayman Islands developed real estate.

Lower financial requirements if residing on Little Cayman or Cayman Brac islands.

Fees: CI$500 application and renewal fee, CI$20,000 issuance fee, CI$1,000 per dependent per year.

Certificate of Direct Investment

For entrepreneurs investing at least CI$1 million in licensed businesses in the Cayman Islands.

Requires a proven track record of entrepreneurial and business success.

Grants main applicant the right to reside and work, while spouses and dependents can live but not work in the Cayman Islands.

Fees: CI$1,000 application and renewal fee, CI$20,000 issuance fee, CI$1,000 per dependent issuance, CI$1,000 per dependent per year, CI$500 application for variation of certificate.

Residency Certificate of Substantial Business Presence

Requires spending at least 90 days annually in the Cayman Islands.

Eligible as a senior manager or with at least 10% ownership in a qualified business.

Business categories eligibility varies and subject to Chief Immigration Officer’s discretion.

Grants a 25-year renewable residency permit and right to work in the Cayman Islands.

Fees: CI$1,000 application fee, CI$5,000 issuance fee, CI$1,000 per dependent issuance, CI$500 variation fee.


Visa Type Application Fee Issuance Fee Dependent Fee
Certificate of Permanent Residency for Individuals with Independent Means CI$500 CI$100,000 CI$1,000/year
Residency Certificate for Persons of Independent Means CI$500 CI$20,000 CI$1,000/year
Certificate of Direct Investment CI$1,000 CI$20,000 CI$1,000 + CI$1,000/year
Residency Certificate of Substantial Business Presence CI$1,000 CI$5,000 CI$1,000 + CI$1,000/year

Please note that these fees are estimates and may vary depending on the individual applicant’s circumstances. It is always best to check with the Cayman Islands Immigration Department for the most up-to-date information on visa fees and requirements.


What’s the minimum residency requirement for maintaining your status in the Cayman Islands?

If you opt for the Cayman Islands Golden Visa program through a real estate investment, a full day spent in the country each year is mandatory.

For those applying for the Cayman Islands Golden Visa via the Residency Certificate of Substantial Business Presence, a minimum of 90 days is required annually.

Is it possible to apply for Cayman Islands citizenship?

Yes, you have the option to seek citizenship by naturalization if you obtain permanent residency through the Cayman Islands Golden Visa.

However, it’s important to note that having a 25-year long-term residency permit makes you ineligible for citizenship.

Will I have any tax obligations in the Cayman Islands?

You may attain tax residency in the Cayman Islands by either obtaining a tax certificate or spending at least 183 days there annually.

Notably, the Cayman Islands offers favorable tax rates, including no income tax, property tax, or company tax.

Is it advisable to engage the services of a lawyer when applying for the Cayman Islands Golden Visa?

While it’s not compulsory to have a lawyer handle your Cayman Islands Golden Visa application, we strongly recommend considering one for guidance throughout the investment and application process.

Make Cayman Island your second home 

Visa-Free Countries



69,481 (2023 est.)

GDP (per capita):


GDP (purchasing power parity):


Capital city: George Town

Time zone: Eastern Time Zone (UTC-5)

Total area: 264 km2

Languages: English (official), Jamaican Patois

Currency: Cayman Islands dollar (KYD)

Main industry: Financial services, tourism

Schengen/EU: The Cayman Islands is not a member of the Schengen Area or the European Union.


    • Tax Benefits: The Cayman Islands offer residents a tax-friendly environment, reducing the tax burden on their income.
    • Natural Beauty: Residents can bask in the stunning natural landscapes, from pristine beaches to vibrant coral reefs.
    • Quality Lifestyle: Enjoy a high standard of living, top-notch healthcare, and a secure, friendly community

    Compare the different programs in a nutshell and discover their features


    Check the cost estimates for each offered program


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    The materials contained in this page are provided for general information purposes only and are not intended to provide legal or other professional advice. Processing times and costs will vary depending on a number of factors. CitizenMatch is not responsible for any changes to the time and cost estimates; we can provide specific information on an individual basis. All rights reserved.

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