Georgetown
Cayman Islands - Genesis Block
Global Citizen Concierge Program
The Cayman Islands welcomes digital nomads and professionals to live and work from the Cayman Islands through the Global Citizen Concierge Program. Imagine world-class “office” views of Seven Mile Beach and rewarding yourself with a swim or paddleboarding break after a few hours of hard work. The Caymans offers unparalleled beauty, clean beaches, breathtaking scenery, and amazing weather year-round. This work from home setting can’t be beaten.
About Cayman
Global Citizen Concierge Program
The Global Citizen Concierge Program is a tourism initiative launched by the Cayman Islands Department of Tourism welcoming affluent, remote-working international travelers back to Grand Cayman.
In its simplest terms, the GCCP is a digital nomad visa where travelers meeting certain criteria are approved to reside on-island and work remotely for up to 24 months. Once approved, travelers can travel back and forth between Cayman, but must reside on-island for 90-days out of the year.
The program was created to attract travelers—and their families—with the flexibility to work remotely and the financial means to live abroad for an extended period of time. All travelers must undergo an application screening process and pay processing fees.
Cayman Islands Crypto Environment
The Cayman Islands are popular tax haven for individuals and companies. There are no taxes on all types of crypto activity in the Caymans. Due to their relaxed tax regulations, the Cayman Islands are one of the most popular jurisdictions in the world for Blockchain related businesses and cryptocurrency funds, with the largest initial coin offering (ICO) ever recorded and a growing ecosystem of blockchain technology companies.
Country Overview
Program Overview
Location
Caribbean
Population
65,000
Currency
KYD (Cayman Islands Dollar)
Language
English
Capital
George Town
Program Overview
Legal Status
Temporary resident
Mobility
EU visa (90 days in 180 days),
U.S. tourist visa (90 days)
Timeline
3-5 Weeks
Min. Investment
No Investment Required. Must meet minimum salary thresholds.
Physical Presence
90 days a year
Factsheet Download
Download our free factsheet with more detailed information about this program.
Who Can Qualify?
Investment Requirements
There are no investment requirements. Associated fees for the GCCP are:
Global Citizen Concierge Program
Listed below in US$, are as follows:
- $1,469 fee for up to 2 persons annually
- $500 for each additional dependent annually
- A 7% processing fee on the total application fee
All fees are non-refundable.
Benefits
- Fast Processing.
- Live, Work, and Play in one of the most idyllic location in the world.
- No investment required.
- Visa valid for up to 2 years.
- Can come and go as you please with only needing to spend 90 days on island a year.
Family
If the program approves you, you are allowed to include your spouse and children in your application. Adult children must prove they are attending a university.
Requirements
Other than the investment, you will need to meet the following requirements:
1. Proof of Employment and/or Income
Applicants must provide a letter showing proof of employment with an entity outside of the Cayman Islands stating position, length of employment and annual salary on company letterhead. Applicant(s) minimum annual salary requirements are as follows:
- Applicant must make a minimum income of US$100,000 annually, if applying as an individual
- Applicant must make a minimum income of US$150,000 annually, if applying with an accompanying spouse/civil partner
- Applicant must make a minimum income of US$180,000 annually, if applying with an accompanying spouse/civil partner and/or dependent(s)
- Applicant must make a minimum income of US$180,000 annually, if applying with an accompanying dependent(s)
2. Proof of Legal Existence of Employer/Company
- Provide copy of a Certificate of Good Standing/Certificate of Incorporation or Registration with authorized government body in your country including website details and any social media profile information.
3.Bank Reference
- A notarized bank reference. (A bank reference is a bank manager’s written opinion of your credit standing which includes the length of time in which you have been with the bank and the average balance of your accounts.)
6 months of bank statements.
4. Proof of Identity
- Clear color copy of photo and information page of a valid passport. Persons requiring a visa for entry into the Cayman Islands must apply. Please click here to find the most updated visa requirements.
5. Police Clearance
- Provide a Federal criminal record or similar documentation, issued within the past 6 months old, from last place of residence for more than 6 months.
6. Proof of Health Insurance
- Coverage for all applicants in your party for a minimum of 30 days upon arrival in the Cayman Islands.
- All applicants must obtain local health insurance coverage within 30 days of arriving in the Cayman Islands.
Cayman Islands Residency Application Process
The Cayman Island Global Citizenship Concierge Program can be a very quick process and is relatively straight forward.
Week 1
- Verify eligibility
- Initial Due Diligence and Work History
- Sign Client Agreement.
- Start client onboarding process with Global RCG.
Week 2
Week 3
Week 4-5
Mobility
Taxation
As a GCCP applicant, you will receive a multi-exit visa allowing you to travel in and out of the Cayman Islands. As an American, you can already spend a six-month period in the Cayman Islands. But your resident permit will guarantee you entry in the country even during COVID-19 travel restrictions.
Access to the US
The Cayman Islands is one of the most tax-friendly jurisdictions in the world. The jurisdiction does not levy any personal income tax, corporate tax or sales tax (VAT). You can become a tax resident with only 90 days of physical presence in the country, as long as you don’t live 183 days in another single country. Due to the complex nature of U.S. taxation, you should get professional tax advice before moving your tax residency to the Cayman Islands.
Contact Form
