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Certificate of Permanent Residence for Persons of Independent Means

Cayman IslandsInvestment

Explore the five recorded questions, answers and sources for this pathway.

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What investment option or options qualify?

This pathway is for a person seeking permanent residence through the Persons of Independent Means route by investing in developed real estate in the Cayman Islands.

See recorded sources
Limits of the record
  • The current route-specific form, complete operational checklist or later route-specific amendment was not fully established by the captured source.
  • capture 03 lines 1109-1166
    17. Amendment of section 42 - Certificate of Permanent Residence for Persons of Independent Means 17. The principal Act is amended in section 42 as follows — (a) by repealing subsection (1) and substituting the following subsection — “(1) A person may apply in the prescribed form and manner to the Director of WORC for a Certificate of Permanent Residence for Persons of Independent Means, which if granted will be for a period of ten years, subject to the same conditions and entitlements as specified in subsection (2).”; and (b) in subsection (2), by repealing paragraph (a) and substituting the following paragraph — “(a) at the time that the application is made, the applicant has invested in developed real estate in the Islands and the paid-up amount of the investment as at the time of the application satisfies the prescribed sum that is to be invested in developed real estate in the Islands for the purposes of this section;”. (c) by inserting after subsection (3) the following subsections — “(3A)Where the person who is the holder of a Certificate of Permanent Residence for Persons of Independent Means continues to hold the Certificate, no more than one year prior to the end of the ten-year period — (b) the person may make an application to the Caymanian Status and Permanent Residency Board or the Director of WORC in the prescribed form and manner, accompanied by the prescribed fee, c Act 14 of 2025 Page 27 Section 18 Immigration (Transition) (Amendment and Validation) Act, 2025 for the Certificate of Permanent Residence for Persons of Independent Means to be renewed indefinitely; and (b) the Certificate of Permanent Residence for Persons of Independent Means may be renewed indefinitely at the discretion of the Caymanian Status and Permanent Residency Board or the Director of WORC. (3B)Where the Caymanian Status and Permanent Residency Board or the Director of WORC renews the Certificate of Permanent Residence for Persons of Independent Means indefinitely under subsection (3A) — (a) the person in respect of whom the Certificate of Permanent Residence for Persons of Independent Means is renewed indefinitely shall continue to comply with any relevant requirements as the holder of a Certificate of Permanent Residence for Persons of Independent Means, including, where applicable, the payment of prescribed fees; and (b) after continuing to hold the Certificate of Permanent Residence for Persons of Independent Means that has been renewed indefinitely for a period of at least one year, the person in respect of whom the Certificate of Permanent Residence for Persons of Independent Means is renewed indefinitely may apply for a certificate of naturalisation or registration issued under the British Nationality Act, 1981.”; and (d) in subsection (4), by deleting the word “Certificates” and substituting the words “Certificates of Permanent Residence for Persons of Independent Means”.

What official minimum amount, tier or threshold applies to each relevant option?

The paid-up investment in developed real estate must satisfy the prescribed sum; the official source does not state that sum.

See recorded sources
Limits of the record
  • The current route-specific form, complete operational checklist or later route-specific amendment was not fully established by the captured source.
  • capture 03 lines 1109-1166
    17. Amendment of section 42 - Certificate of Permanent Residence for Persons of Independent Means 17. The principal Act is amended in section 42 as follows — (a) by repealing subsection (1) and substituting the following subsection — “(1) A person may apply in the prescribed form and manner to the Director of WORC for a Certificate of Permanent Residence for Persons of Independent Means, which if granted will be for a period of ten years, subject to the same conditions and entitlements as specified in subsection (2).”; and (b) in subsection (2), by repealing paragraph (a) and substituting the following paragraph — “(a) at the time that the application is made, the applicant has invested in developed real estate in the Islands and the paid-up amount of the investment as at the time of the application satisfies the prescribed sum that is to be invested in developed real estate in the Islands for the purposes of this section;”. (c) by inserting after subsection (3) the following subsections — “(3A)Where the person who is the holder of a Certificate of Permanent Residence for Persons of Independent Means continues to hold the Certificate, no more than one year prior to the end of the ten-year period — (b) the person may make an application to the Caymanian Status and Permanent Residency Board or the Director of WORC in the prescribed form and manner, accompanied by the prescribed fee, c Act 14 of 2025 Page 27 Section 18 Immigration (Transition) (Amendment and Validation) Act, 2025 for the Certificate of Permanent Residence for Persons of Independent Means to be renewed indefinitely; and (b) the Certificate of Permanent Residence for Persons of Independent Means may be renewed indefinitely at the discretion of the Caymanian Status and Permanent Residency Board or the Director of WORC. (3B)Where the Caymanian Status and Permanent Residency Board or the Director of WORC renews the Certificate of Permanent Residence for Persons of Independent Means indefinitely under subsection (3A) — (a) the person in respect of whom the Certificate of Permanent Residence for Persons of Independent Means is renewed indefinitely shall continue to comply with any relevant requirements as the holder of a Certificate of Permanent Residence for Persons of Independent Means, including, where applicable, the payment of prescribed fees; and (b) after continuing to hold the Certificate of Permanent Residence for Persons of Independent Means that has been renewed indefinitely for a period of at least one year, the person in respect of whom the Certificate of Permanent Residence for Persons of Independent Means is renewed indefinitely may apply for a certificate of naturalisation or registration issued under the British Nationality Act, 1981.”; and (d) in subsection (4), by deleting the word “Certificates” and substituting the words “Certificates of Permanent Residence for Persons of Independent Means”.

How long must the investment be maintained and what continuing ownership, investment or physical-presence conditions are important?

The official provision requires that, at the time the application is made, the applicant has invested in developed real estate in the Islands and that the paid-up amount of the investment at that time satisfies the prescribed sum. Where the certificate is renewed indefinitely, the holder must continue to comply with any relevant requirements as a holder, including, where applicable, the payment of prescribed fees. The official source does not state how long the investment must be maintained or any physical-presence condition.

See recorded sources
Limits of the record
  • The current route-specific form, complete operational checklist or later route-specific amendment was not fully established by the captured source.
  • capture 03 lines 1109-1166
    17. Amendment of section 42 - Certificate of Permanent Residence for Persons of Independent Means 17. The principal Act is amended in section 42 as follows — (a) by repealing subsection (1) and substituting the following subsection — “(1) A person may apply in the prescribed form and manner to the Director of WORC for a Certificate of Permanent Residence for Persons of Independent Means, which if granted will be for a period of ten years, subject to the same conditions and entitlements as specified in subsection (2).”; and (b) in subsection (2), by repealing paragraph (a) and substituting the following paragraph — “(a) at the time that the application is made, the applicant has invested in developed real estate in the Islands and the paid-up amount of the investment as at the time of the application satisfies the prescribed sum that is to be invested in developed real estate in the Islands for the purposes of this section;”. (c) by inserting after subsection (3) the following subsections — “(3A)Where the person who is the holder of a Certificate of Permanent Residence for Persons of Independent Means continues to hold the Certificate, no more than one year prior to the end of the ten-year period — (b) the person may make an application to the Caymanian Status and Permanent Residency Board or the Director of WORC in the prescribed form and manner, accompanied by the prescribed fee, c Act 14 of 2025 Page 27 Section 18 Immigration (Transition) (Amendment and Validation) Act, 2025 for the Certificate of Permanent Residence for Persons of Independent Means to be renewed indefinitely; and (b) the Certificate of Permanent Residence for Persons of Independent Means may be renewed indefinitely at the discretion of the Caymanian Status and Permanent Residency Board or the Director of WORC. (3B)Where the Caymanian Status and Permanent Residency Board or the Director of WORC renews the Certificate of Permanent Residence for Persons of Independent Means indefinitely under subsection (3A) — (a) the person in respect of whom the Certificate of Permanent Residence for Persons of Independent Means is renewed indefinitely shall continue to comply with any relevant requirements as the holder of a Certificate of Permanent Residence for Persons of Independent Means, including, where applicable, the payment of prescribed fees; and (b) after continuing to hold the Certificate of Permanent Residence for Persons of Independent Means that has been renewed indefinitely for a period of at least one year, the person in respect of whom the Certificate of Permanent Residence for Persons of Independent Means is renewed indefinitely may apply for a certificate of naturalisation or registration issued under the British Nationality Act, 1981.”; and (d) in subsection (4), by deleting the word “Certificates” and substituting the words “Certificates of Permanent Residence for Persons of Independent Means”.

Which family members can be included where officially stated, and what broad residence/work rights result?

The checked official sources did not provide enough route-specific evidence to confirm which family members can be included or what rights they receive.

See recorded sources
Limits of the record
  • The current route-specific form, complete operational checklist or later route-specific amendment was not fully established by the captured source.
  • capture 03 lines 1109-1166
    17. Amendment of section 42 - Certificate of Permanent Residence for Persons of Independent Means 17. The principal Act is amended in section 42 as follows — (a) by repealing subsection (1) and substituting the following subsection — “(1) A person may apply in the prescribed form and manner to the Director of WORC for a Certificate of Permanent Residence for Persons of Independent Means, which if granted will be for a period of ten years, subject to the same conditions and entitlements as specified in subsection (2).”; and (b) in subsection (2), by repealing paragraph (a) and substituting the following paragraph — “(a) at the time that the application is made, the applicant has invested in developed real estate in the Islands and the paid-up amount of the investment as at the time of the application satisfies the prescribed sum that is to be invested in developed real estate in the Islands for the purposes of this section;”. (c) by inserting after subsection (3) the following subsections — “(3A)Where the person who is the holder of a Certificate of Permanent Residence for Persons of Independent Means continues to hold the Certificate, no more than one year prior to the end of the ten-year period — (b) the person may make an application to the Caymanian Status and Permanent Residency Board or the Director of WORC in the prescribed form and manner, accompanied by the prescribed fee, c Act 14 of 2025 Page 27 Section 18 Immigration (Transition) (Amendment and Validation) Act, 2025 for the Certificate of Permanent Residence for Persons of Independent Means to be renewed indefinitely; and (b) the Certificate of Permanent Residence for Persons of Independent Means may be renewed indefinitely at the discretion of the Caymanian Status and Permanent Residency Board or the Director of WORC. (3B)Where the Caymanian Status and Permanent Residency Board or the Director of WORC renews the Certificate of Permanent Residence for Persons of Independent Means indefinitely under subsection (3A) — (a) the person in respect of whom the Certificate of Permanent Residence for Persons of Independent Means is renewed indefinitely shall continue to comply with any relevant requirements as the holder of a Certificate of Permanent Residence for Persons of Independent Means, including, where applicable, the payment of prescribed fees; and (b) after continuing to hold the Certificate of Permanent Residence for Persons of Independent Means that has been renewed indefinitely for a period of at least one year, the person in respect of whom the Certificate of Permanent Residence for Persons of Independent Means is renewed indefinitely may apply for a certificate of naturalisation or registration issued under the British Nationality Act, 1981.”; and (d) in subsection (4), by deleting the word “Certificates” and substituting the words “Certificates of Permanent Residence for Persons of Independent Means”.

What status is obtained, how is it renewed, what longer-term residence/citizenship direction is officially stated, and what happens to the investment when relevant?

If granted, the certificate is initially for ten years. Before the end of that period, the holder may apply for indefinite renewal at the discretion of the Board or Director; after at least one year holding the indefinite certificate, naturalisation or registration may be pursued if eligible. The official source does not state what happens to the investment.

See recorded sources
Limits of the record
  • The current route-specific form, complete operational checklist or later route-specific amendment was not fully established by the captured source.
  • capture 03 lines 1109-1166
    17. Amendment of section 42 - Certificate of Permanent Residence for Persons of Independent Means 17. The principal Act is amended in section 42 as follows — (a) by repealing subsection (1) and substituting the following subsection — “(1) A person may apply in the prescribed form and manner to the Director of WORC for a Certificate of Permanent Residence for Persons of Independent Means, which if granted will be for a period of ten years, subject to the same conditions and entitlements as specified in subsection (2).”; and (b) in subsection (2), by repealing paragraph (a) and substituting the following paragraph — “(a) at the time that the application is made, the applicant has invested in developed real estate in the Islands and the paid-up amount of the investment as at the time of the application satisfies the prescribed sum that is to be invested in developed real estate in the Islands for the purposes of this section;”. (c) by inserting after subsection (3) the following subsections — “(3A)Where the person who is the holder of a Certificate of Permanent Residence for Persons of Independent Means continues to hold the Certificate, no more than one year prior to the end of the ten-year period — (b) the person may make an application to the Caymanian Status and Permanent Residency Board or the Director of WORC in the prescribed form and manner, accompanied by the prescribed fee, c Act 14 of 2025 Page 27 Section 18 Immigration (Transition) (Amendment and Validation) Act, 2025 for the Certificate of Permanent Residence for Persons of Independent Means to be renewed indefinitely; and (b) the Certificate of Permanent Residence for Persons of Independent Means may be renewed indefinitely at the discretion of the Caymanian Status and Permanent Residency Board or the Director of WORC. (3B)Where the Caymanian Status and Permanent Residency Board or the Director of WORC renews the Certificate of Permanent Residence for Persons of Independent Means indefinitely under subsection (3A) — (a) the person in respect of whom the Certificate of Permanent Residence for Persons of Independent Means is renewed indefinitely shall continue to comply with any relevant requirements as the holder of a Certificate of Permanent Residence for Persons of Independent Means, including, where applicable, the payment of prescribed fees; and (b) after continuing to hold the Certificate of Permanent Residence for Persons of Independent Means that has been renewed indefinitely for a period of at least one year, the person in respect of whom the Certificate of Permanent Residence for Persons of Independent Means is renewed indefinitely may apply for a certificate of naturalisation or registration issued under the British Nationality Act, 1981.”; and (d) in subsection (4), by deleting the word “Certificates” and substituting the words “Certificates of Permanent Residence for Persons of Independent Means”.

These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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