Cayman Islands Person of Independent Means — Residency Program
🏠 OVERVIEW
Country
🇰🇾 Cayman Islands
Program
Person of Independent Means
Local Name
Certificate of Permanent Residence R42
Type
Golden visa
Status
Active
Min Stay
1 days
per 12 months
Permanent residency through a minimum CI$2 million (~$2.4M USD) investment in residential real estate. Limited to 250 certificates per year.
🪙 INVESTMENT OPTIONS
| Type | Min Amount | USD Equivalent | Holding | Returnable | Required |
|---|---|---|---|---|---|
| Real estate | KYD 2,000,000 | $2,439,024 | -- | Yes | Required |
📋 ELIGIBILITY
Criminal Record Check
Required
Health Check
Not required
Health Insurance
Required
💼 WORK RIGHTS
Employment
Not allowed
Self-Employment
Not allowed
Own Business
Allowed
Work Permit Included
No
👨👩👧 FAMILY & DEPENDENTS
Dependents Allowed
Yes
Spouse Included
Yes
Max Child Age
18
Parents Allowed
No
💰 TAX DETAILS
Tax Regime
Exempt
Tax Rate
0.0%
Regime Name
Zero Income Tax
Foreign Income Taxed
No
Capital Gains Taxed
No
🏆 PATH FORWARD
Permanent Residency
Yes
Dual Citizenship
Allowed
Citizenship
Yes
Years to Citizenship
11 years
Language Required
Yes
🌍 BENEFITS & MOBILITY
Bank Account
Can open
Property Purchase
Allowed
Public Healthcare
No access
📝 HOW TO APPLY
Method
in person
Processing Time
56–70 days
Apply from Abroad
No
Local Representative
Required
📝 NOTES
CI$2,000,000 minimum in developed residential real estate (~$2.4M USD). Limited to 250 certificates per year. Must maintain the real estate investment to keep permanent status. Application fee is CI$500, with a CI$100,000 issue fee on grant and CI$1,000 per dependant. Zero income tax, zero capital gains tax, zero inheritance tax. As of April 2026, Cayman Resident reports that new legislative changes are expected to delay BOTC/British citizenship and Caymanian status pathways for non-grandfathered applicants, with many cases requiring 11 years for BOTC eligibility and 20 years before Caymanian status.