Person of Independent Means vs Economic Permanent Residence — Residency Program Comparison
⚖️ 🇰🇾 Person of Independent Means vs 🇧🇸 Economic Permanent Residence
|
🇰🇾 Person of Independent Means |
🇧🇸 Economic Permanent Residence |
| Country |
Cayman Islands |
Bahamas |
| Program Type |
Golden visa |
Investor visa |
| Status |
Active
|
Active
|
📊 AT A GLANCE
| Metric |
🇰🇾 Person of Independent Means |
🇧🇸 Economic Permanent Residence |
| Initial Duration |
—
|
—
|
| Monthly Income |
—
|
—
|
| Application Fee |
$610
|
$200
|
| Tax Regime |
Exempt |
Exempt |
| Renewable |
No |
No |
💰 FINANCIAL REQUIREMENTS
| Requirement | Person of Independent Means | Economic Permanent Residence |
|---|
| Application Fee |
$610
|
$200
|
| Dependent Fee |
—
|
$300
|
📅 DURATION & RENEWAL
| Detail | Person of Independent Means | Economic Permanent Residence |
|---|
| Initial Duration |
— |
— |
| Renewable |
No |
No |
| Minimum Stay |
1 days |
— |
🏦 TAX REGIME
| Detail | Person of Independent Means | Economic Permanent Residence |
|---|
| Tax Regime |
Exempt |
Exempt |
| Tax Rate |
0.00% |
0.00% |
| Tax Regime Name |
Zero Income Tax |
Zero Income Tax |
| Foreign Income Taxed |
Yes |
Yes |
| Capital Gains Taxed |
Yes |
Yes |
💼 WORK RIGHTS
| Right | Person of Independent Means | Economic Permanent Residence |
|---|
| Employed Work | No | Yes |
| Self-Employed Work | No | Yes |
| Own Business | Yes | Yes |
| Work Permit Included | No | Yes |
📋 REQUIREMENTS
| Requirement | Person of Independent Means | Economic Permanent Residence |
|---|
| Criminal Record Check | Required | Required |
| Health Check | Not required | Required |
| Degree | Not required | Not required |
| Professional Experience | Not required | Not required |
| Language (for Citizenship) | Required | Not required |
👨👩👧 FAMILY & DEPENDENTS
| Detail | Person of Independent Means | Economic Permanent Residence |
|---|
| Dependents Allowed | Yes | Yes |
| Spouse Included | Yes | Yes |
| Max Child Age |
18 |
18 |
| Dependent Parents | No | No |
🌍 PATHWAYS
| Detail | Person of Independent Means | Economic Permanent Residence |
|---|
| Path to PR |
Yes |
Yes |
| Path to Citizenship |
Yes (11 yrs) |
Yes |
| Grants Direct Citizenship | No | No |
| Dual Citizenship Allowed | Yes | Yes |
🎁 BENEFITS
| Benefit | Person of Independent Means | Economic Permanent Residence |
|---|
| Schengen Access | No | No |
| Can Open Bank Account | Yes | Yes |
| Can Buy Property | Yes | Yes |
| Public Healthcare Access | No | No |
| Health Insurance Required | Required | Not required |
📝 APPLICATION
| Detail | Person of Independent Means | Economic Permanent Residence |
|---|
| Method |
In person |
In person |
| Processing Time |
56–70 days
|
56–70 days
|
| Apply from Abroad | No | Yes |
| Local Representative Required | Required | Not required |