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Cayman Is.: Living There - Tax Issues

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Last Updated: Aug 31, 2006

Living There

The government of the Cayman Islands has been encouraging grants of permanent residence status to individuals with good reputation and financial standing substantial investments in the country. This means that applicants for permanent residence must hold investments, whether in residential homes or in local businesses, amounting to CI$150,000 (US$180,723). A declaration of assets and annual income are required to ensure that persons seeking permanent residence in the Cayman Islands have the means to support themselves without engaging in any form of employment in the Islands. This is in line with the government policy on immigration that foreigners granted resident status are not permitted to work, unless a working permit is otherwise applied for and granted.

Note that foreigners granted permanent residencies are not immune from deportation for sufficient reasons.

 

Cayman Is. - more data and information

Your Comments

posted by Mrs DianeYates | 2008-02-06

Marketing and Sales, Southport, England

If you are investing in a plot of land at 25,000,00.00 pounds is this acceptable in the Cayman island. what is the totla amount to be able to reside in the Cayman or to be able to have a holiday home

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