Certificate of Permanent Residence for Persons of Independent Means

1. Residence permit120 months
2. Renewrenewable
3. Permanent residencyafter 10 years
4. Citizenshipafter 11 years

• Permanent residency 10 years
• Citizenship 11 years
• Dual citizenship allowed
• Language required for citizenship sufficient English

Country

Cayman Islands

Program

Certificate of Permanent Residence for Persons of Independent Means

Local name

Certificate of Permanent Residence for Persons of Independent Means

Type

Golden visa

Status

Active

Initial duration

120 months

Renewable

Yes

Residence for a person who has already invested CI$2 million of paid-up funds in developed real estate in the Cayman Islands. The first certificate lasts ten years and can be renewed indefinitely in the last year. Naturalisation as a British Overseas Territories citizen can be requested after one year of that indefinite certificate. The grant does not include the right to work. Regulation 14B still caps grants at 250 a year.

Tax regime

Exempt

Tax rate

0.0%

Regime name

No direct taxes

Foreign income taxed

No

Capital gains taxed

No

Method

mail

Processing time

56–70 days

Apply from abroad

Yes

The application fee is CI$500. The issue fee on grant is CI$200,000, and each approved dependant costs CI$3,000 on issue and CI$3,000 a year. The annual declaration, filed between 1 and 31 December, costs CI$500. At the CIMA parity of CI$1 = US$1.20 those new charges are USD 240,000 and USD 3,600. The application fee shown, USD 610, and the investment figure, USD 2,439,024, come from an earlier conversion. At parity they equal USD 600 and USD 2,400,000. The certificate does not set a minimum income or net worth. The applicant must show enough resources to maintain themselves and their dependants, and the form asks for proof of annual income, bank references and a financial statement. A medical declaration cover letter may be no older than 12 months. Police clearance, three references and health insurance that meets the Health Insurance Act are required. There is no right to work unless the certificate is later varied for a named occupation. That variation attracts the annual work-permit fee for the occupation. A spouse or civil partner and dependant children can be included. A child's right as a dependant ends at 18 unless the certificate is varied for full-time tertiary education or the child remains dependent because of a physical or mental disability. The certificate is lost if the real-estate investment is not maintained, or if the holder is ordinarily resident outside the Cayman Islands continuously for one year or more. That is an absence test, not a requirement to spend a set number of days in the Islands. People who already held this certificate, or who had already applied, on 1 May 2026 are outside the new Caymanian-status timetable. New applicants are not. Caymanian status after naturalisation is a separate grant: 20 years of legal and ordinary residence, and 10 years after the naturalisation or registration certificate. It is not British citizenship, so its timetable is not the citizenship timeline given here. There is no income tax, capital gains tax, inheritance tax or property tax. Stamp duty on a property purchase is a transfer tax, not a program fee. The government finance page states there are no controls on foreign ownership of land.

1. Oct 10, 2026
   • Name Person of Independent Means Certificate of Permanent Residence for Persons of Independent Means
   • Official page https://caymanresident.com/move/immigration/permanent-residence/persons-of-independent-mea… https://my.egov.ky/web/worc/immigration-forms
   • Years to permanent residency 0 10
   • Investment options updated

   application is by mail to WORC and does not require a local representative. A medical declaration is required. The grant itself does not include the right to work or to run a business (my.egov.ky).