Cayman Islands Residency Certificate - Substantial Business Presence

12 requirements quoted from the official source.

• ✓Approved Business Category RequiredThe business must fall within an approved category prescribed in the Regulations.via gov.ky
• ✓Character and securityThe applicant and spouse or civil partner must have clean criminal records.
• ✓Eligibility summaryThe applicant owns, or proposes to own, a minimum of ten percent of the shares in an approved category of business, or will be employed in a senior management capacity.
• ✓Local Employee Months Year MinThe four full-time employees must be legally and ordinarily resident for at least nine months in a calendar year.via gov.ky
• ✓Local Full Time Employees MinThe business must employ or propose to employ at least four full-time employees who are legally and ordinarily resident.via gov.ky
• ✓Physical Commercial Presence RequiredSubstantial presence considers whether commercial real estate has been purchased or leased to establish a physical presence.via gov.ky
• ✓Physical Presence Days Year MinThe applicant must be or propose to be legally and ordinarily resident for at least ninety days in each calendar year.
• ✓Work Limited To Approved Business And OccupationThe holder may work only in the business as an owner or senior manager and in an occupation approved by the Director.
• ✓Approval In Principle MonthsA qualifying proposed owner who has not completed the requirements may receive approval in principle for six months.
• ✓Ownership Percent MinThe owner branch requires at least ten percent of the shares in an approved category of business.
• ✓Senior Management AlternativeAlternatively, the applicant may prove employment in a senior-management capacity in an approved business.

Paperwork you prepare — it does not rule you out.

• ✓Health insuranceThe applicant and qualifying family members must be in good health and possess adequate health insurance.

• ✓Official source basisThe applicant owns, or proposes to own, a minimum of ten percent of the shares in an approved category of business, or will be employed in a senior management capacity.
• ✓Report summaryThe applicant owns, or proposes to own, a minimum of ten percent of the shares in an approved category of business, or will be employed in a senior management capacity.