01Is this aimed at retirees, pensioners, financially independent people, passive-income holders or another profile?
The Residency Certificate for Persons of Independent Means is for a person of independent means who is at least 18 and satisfies the statutory requirements.
See recorded sources
Limits of the record- The captured Act does not define “person of independent means” in this section.
- PDF lines 1965-1968
41. Residency Certificate for Persons of Independent Means
41. (1) A person of independent means who has attained the age of eighteen years and
who satisfies the requirements of this section may apply to the Director of
WORC for a Residency Certificate for Persons of Independent Means.
Which types of income/assets are accepted according to the official source?
The checked official sources did not provide enough route-specific evidence to confirm which types of income or assets are accepted.
See recorded sources
Limits of the record- The captured section does not specify which categories of income or assets qualify as the prescribed financial standing; that detail was not established in this pass.
- PDF lines 1969-1983
(2) An applicant under this section shall be granted a Residency Certificate for
Persons of Independent Means, without the right to work, valid for twenty-five
years and renewable thereafter at the discretion of the Director of WORC if the
applicant satisfies the Director of WORC that —
Page 46 Revised as at 31st December, 2021
c
Immigration (Transition) Act (2022 Revision) Section 42
(a) the applicant has no serious criminal conviction;
(b) the applicant is in good health and possesses adequate health insurance
coverage; and
(c) the applicant has attained the financial standing as prescribed under
this Act.
What income, savings or financial-resources threshold applies and how does family affect it where officially specified?
The applicant must have attained the financial standing prescribed under the Act. The official source does not state the amount or how family members affect it.
See recorded sources
Limits of the record- The captured text does not state the prescribed financial amount or the detailed test for independent means.
- PDF lines 1969-1983
(2) An applicant under this section shall be granted a Residency Certificate for
Persons of Independent Means, without the right to work, valid for twenty-five
years and renewable thereafter at the discretion of the Director of WORC if the
applicant satisfies the Director of WORC that —
Page 46 Revised as at 31st December, 2021
c
Immigration (Transition) Act (2022 Revision) Section 42
(a) the applicant has no serious criminal conviction;
(b) the applicant is in good health and possesses adequate health insurance
coverage; and
(c) the applicant has attained the financial standing as prescribed under
this Act.
Can the holder work locally, run a business or perform other economic activity? What is the family position?
The certificate is granted without the right to work. The official source does not state the family position for the principal certificate.
See recorded sources
Limits of the record- Dependants are addressed separately in section 43 of the Act; this answer covers only the principal certificate holder.
- PDF lines 1969-1972
(2) An applicant under this section shall be granted a Residency Certificate for
Persons of Independent Means, without the right to work, valid for twenty-five
years and renewable thereafter at the discretion of the Director of WORC if the
applicant satisfies the Director of WORC that —
How long is the status granted, what is required for renewal, what physical-presence obligations matter, and what longer-term residence direction exists?
The certificate is valid for twenty-five years and is renewable thereafter at the discretion of the Director of WORC. The official source does not state physical-presence obligations or a separate longer-term residence progression.
See recorded sources
Limits of the record- The statutory PDF is labelled “Revised as at 31st December, 2021”; the current effect of the captured text was not independently established.
- PDF lines 1969-1974
(2) An applicant under this section shall be granted a Residency Certificate for
Persons of Independent Means, without the right to work, valid for twenty-five
years and renewable thereafter at the discretion of the Director of WORC if the
applicant satisfies the Director of WORC that —
Page 46 Revised as at 31st December, 2021
These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.
Explore more pathways in Cayman Islands · All pathways
