How do I apply for a certificate of independent means?

With regards to the Residency Certificate of Independent Means, you must be over the age of 18 and have the financial resources to support yourself without needing to work in the Cayman Islands. You must also have no serious criminal convictions, be in good health and possess adequate health insurance coverage.

• You must invest CI$1,000,000 (equivalent to US$1,219513) into the Islands, of which CI$500,000 (equivalent to CI$609,575) must be in developed real estate in Grand Cayman.
• You must also have an ongoing source of income equivalent to CI$120,000 (US$146,342) per year (without needing to work on the Island) or hold an account with a regulated bank or institution on the Island with a minimum deposit of at least CI$400,000 (US$487,805). This can be held in stocks or cash.
• If you prefer to live in Cayman Brac or Little Cayman, the same requirements apply, however, the financial threshold is lower. You must invest CI$500,000 (US$609,757) of which at least CI$250,000 (US$304,900) must be in developed real estate on the relevant island.

As with an application to reside in Grand Cayman, you are required to have an ongoing source of income without needing to work in the Islands. However, the income threshold is lower, and it is currently set at CI$75,000 per annum (US$91,500) or a minimum deposit held in a regulated bank or institution on Island of at least CI$400,000 (US$487,805).