Can I emigrate to Cayman Islands?

Cayman Islands immigration process The process generally takes a minimum of three months. Make sure you have your documentation in order before you start the process. Original copies of birth certificates, marriage certificates and university diplomas will be needed.

To become a resident of Little Cayman or Cayman Brac, though, you must prove that you earn at least US$90,000 outside the Cayman Islands. In addition, you will need to invest at least US$600,000 locally, of which at least US$300,000 must be in developed residential real estate.

TAX-FREE LIVING

Apart from the beaches, the tax-free life is what makes the Cayman Islands famous all over the world. All residents can enjoy the freedom of not being taxed for their income or consumption, which means you get to keep, save or invest in yourself up to 40% more of your income.

Generally, as a British citizen, you do not automatically have the right to permanently move to British overseas territories. If you want to move to one of them, you need to apply for a visa. To receive assistance with your immigration query, call us today on 0333 305 9375.

To become a resident of Little Cayman or Cayman Brac, though, you must prove that you earn at least US$90,000 outside the Cayman Islands. In addition, you will need to invest at least US$600,000 locally, of which at least US$300,000 must be in developed residential real estate.

The Cayman Islands is a great place to live and work for those who are looking for economic opportunities. With its high-paying jobs, attractive salaries as well as generous tax incentives available from the government - it's no wonder that many UK expats choose this destination!

Non-residents with a desire to live and work in the Cayman Islands must obtain a work permit to do so. The Cayman Islands Immigration Department issues temporary and full-time work permits. The employer hiring an employee on a work permit must submit the application to the Immigration Board and pay for the work permit.

Job Hunting in the Cayman Islands

It is, however, not always easy to apply from overseas as local companies will get a deluge of foreign applicants for most positions they advertise. Websites such as CaribbeanJobs, SteppingStones and Affinity Recruitment will all regularly post jobs based in the territory.

There are no income or withholding taxes imposed on individuals in the Cayman Islands.

Cons: Very expensive, too built up (in some areas)which can lead to crowds & traffic(but easy to avoid), flat & not very picturesque (unless you're on the beach), crappy exchange rate. agree with all the previous poster's pros... beautiful, crystal clear water, easy to deal with...

Cayman Islands Salary. $63,000 is the 25th percentile. Salaries below this are outliers. $100,000 is the 75th percentile.

Moving to the Cayman Islands is, for many, a lifelong ambition fulfilled. It's an opportunity to live on a Caribbean island with fabulous beaches, balmy year-round weather, a high standard of living, a low crime rate and a community of international residents who extend a "Caymankind" welcome.

Most visitors to the Cayman Islands do not require a visa for stays of up to 30 days, including nationals of the United States, Canada, and the United Kingdom. For longer stays or for visitors who do require a visa, the Cayman Islands Department of Immigration can provide more information.

The official language of the Cayman Islands is English (90%). Islanders' accents retain elements passed down from English, Scottish, and Welsh settlers (among others) in a language variety known as Cayman Creole.

Tourist Application Requirements for a Cayman Islands Visa

No visa is required for a stay of up to 30 days. Please keep in mind that if you are staying less than 30 days, you must: Hold a passport valid for at least six months with at least one blank visa page. Hold proof of onward and return flights.

The Cayman Islands has a well-developed healthcare system, with several public and private hospitals and clinics on the islands. The public healthcare system is not free for all residents but is funded by the government. It does, however, receive a Government output for pensioners and indigent.

A 1 bedroom condo typically ranges between USD$1200-1700 per month. A 2 bedroom condo is around USD$1800-4000 per month. Beach front properties can be considerably more expensive than inland properties.

Cayman's minimum wage of $6-an-hour was established in 2016. There is a carve-out for hospitality workers who get gratuities and for domestic helpers who are provided with accommodation that the hourly rate can be as low as $4.50.

Nonetheless, the FATF determined that, as the Cayman Islands is a major financial centre with higher risks, it should be held to a higher standard, stating that they expect 'commensurate measures from countries that have higher risks'.

The economy of the Cayman Islands, a British overseas territory located in the western Caribbean Sea, is mainly fueled by the tourism sector and by the financial services sector, together representing 50–60 percent of the country's gross domestic product (GDP).

It's an opportunity to live on a Caribbean island with fabulous beaches, balmy year-round weather, a high standard of living, a low crime rate and a community of international residents who extend a "Caymankind" welcome.

How long do I have to live in the Islands to qualify for permanent residence? You have to be legally and ordinarily resident in the Islands for at least 8 years, but not more than 9 years.

Foreign nationals can apply for Caymanian citizenship after securing a permanent or long-term residency permit and fulfilling minimum physical stays over five years. Once an expat becomes eligible for citizenship, they can apply for British Overseas Territories Citizenship.

Investing in Cayman real estate is a wise decision for anyone looking for a secure and lucrative investment opportunity. The tax-free environment, diverse investment options, and the potential to enjoy living in an idyllic island paradise make it an ideal choice.

The Cayman Islands has numerous employment opportunities in the financial services industry, making it a desirable jurisdiction to be employed in, and it attracts professionals from around the world. Jobs in other sectors (medical, education, construction, retail) exist mainly to meet the demands of the local market.

All non-Cayman Islands residents are required to have a work visa before they are allowed to live and work in the country. This applies even if your country of residence is on the list of countries with visa-free travel arrangements as this would only allow you to carry out certain non-business activities.