Residency Certificate for Persons of Independent Means

1. Residence permit300 months
2. Renewrenewable

• Permanent residency
• Citizenship
• Dual citizenship allowed

Country

Cayman Islands

Program

Residency Certificate for Persons of Independent Means

Local name

Residency Certificate for Persons of Independent Means

Type

Golden visa

Status

Active

Initial duration

300 months

Renewable

Yes

Min stay

30 days per 12 months

Twenty-five-year residence, without the right to work, for a person of independent means aged 18 or over. Grand Cayman requires CI$1 million of local investment, at least half of it in developed real estate, plus annual income of CI$120,000 or a CI$400,000 local deposit. Cayman Brac and Little Cayman use lower investment and income figures. The certificate can be renewed at the Director of WORC's discretion. It is not the ten-year Certificate of Permanent Residence.

Income requirement

KYD 10,000/mo (~$12,000 USD)

Application fee

$600

Government contribution

$60,000

Tax regime

Exempt

Tax rate

0.0%

Regime name

No direct taxes

Foreign income taxed

No

Capital gains taxed

No

Method

mail

Apply from abroad

Yes

Regulation 14 requires the investment and, separately, either the income or the deposit. The deposit is CI$400,000 on every island, held at a CIMA-regulated local institution with a Class A bank licence or a securities-investment-business licence. Assets for that deposit include cash and cash equivalents, fixed income, equities and listed exchange-traded funds. The deposit is an alternative to income, so it is not stored as an extra savings requirement. The income stored here is the Grand Cayman test, CI$120,000 a year, which is CI$10,000 a month. Cayman Brac and Little Cayman require CI$75,000 a year. Dollar figures use the CIMA parity of CI$1 = US$1.20. The application fee is CI$500. The issue fee is CI$50,000. Each dependant costs CI$3,000 on issue and CI$3,000 a year. The annual declaration costs CI$500. The published R41 form still prints the pre-May 2026 issue fee of CI$20,000 and dependant fee of CI$1,000. The Caymanian Protection (Fees) Regulations, 2026, in force on 1 May 2026, replace those figures. The holder must be physically present for at least 30 days in aggregate in each calendar year. A spouse or civil partner and dependant children may be included. A child's dependant right ends at 18 unless the certificate is varied for full-time tertiary education or the child remains dependent because of disability. Parents are not a listed category. The certificate cannot be varied to add the right to work. This certificate does not itself lead to permanent residence or to naturalisation. A dependant child who was on the original application may, after 18, apply for permanent residence under the ordinary points route. There is no income tax, capital gains tax or inheritance tax, and no control on foreign ownership of land. Health insurance is required. The Act also requires good health; the checklist that was read does not list a medical examination.

1. Oct 10, 2026

   Added

   created. Twenty-five-year residence without work, Grand Cayman investment CI$1 million and income CI$120,000, sister-island investment CI$500,000, issue fee CI$50,000 from 1 May 2026 (https://legislation.gov.ky/cms/images/LEGISLATION/SUBORDINATE/2004/2004-0005/2004-0005_2025%20Revision.pdf).