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Posted on August 13 2019

How can you get the Permanent Residency of the Cayman Islands?

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By  Editor
Updated January 31 2024

The Cayman Islands is an overseas territory of the British comprising of 3 islands in the west Caribbean Sea. Permanent Residency of the Cayman Islands can be acquired in two ways:
 

  1. Based on 8 years residence
     

Any person who has been a legal resident of the Cayman Islands for at least 8 years but no more than 9 years may be eligible for Permanent Residence. They can also apply for a Permanent Residence for their spouse and dependent children. The following people are exempt to apply under this category:
 

  • Holder of a Residence Certificate for People of Independent Means
  • Holder of a Residence Certificate for Retired People
  • Holder of a Certificate of Direct Investment or their dependents
  • Dependents of Residence Certificate Holders
  • Holder of a Certificate of Permanent Residency for people of Independent Means
  • Any person who had been granted Permanent Residence previously under any circumstance
     
  1. As a person of independent means
     

What is the cost of a Permanent Residency application?

Applicants must pay a filing fee of CI $1,000 at the time of application. This fee is non-refundable. The fee for dependents is CI $400 per dependent, as per WORC. The Issue Fees is as below: $0 to $20,000 per year    : $500 Between $20,001 and $40,000 per year: $1,250 Between $40,001 and $60,000 per year: $2,500 Between $60,001 and $80,000 per year: $3,750 Between $80,001 and $100,000 per year: $5,000 Between $100,001 and $150,000 per year: $9,000 $150,001 and above per year: $12,500

How are Permanent Residency applications assessed?

Permanent Residency applications are assessed on a points system.

Points are awarded based on the following 9 factors:

  • Occupation
  • Qualification, Work Experience and Training
  • Investments in the Cayman Islands
  • Financial stability
  • Integration into the Caymanian community
  • Having a close connection to the Cayman Islands
  • Cultural Diversity and Demographics
  • Age distribution
  • Deductible component
     

Y-Axis offers a wide range of visa and immigration services as well as products to the aspiring overseas immigrants including Y-International Resume 0-5 yrs, Y-International Resume (Senior Level) 5+ yrs, Y Jobs, Y-Path, Resume Marketing Services One State and One Country. If you are looking to Study, Work, Visit, Invest or Migrate Overseas, talk to Y-Axis, the World’s No.1 Immigration & Visa Company. If you found this blog engaging, you may also like…

IMMIGRATION CAUSE OF CAYMAN ISLAND’S SUCCESS, STATES PREMIER

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