![]() |
|
Access to three-to-five year work permits for the professional staff of accredited investors in the financial services industries.Accredited investors' professional staff can apply for two consecutive permits, potentially enabling them to work in the Cayman Islands for up to nine years. Currently after a period of eight years, a worker may apply for permanent residency (PR) in the Cayman Islands.Expedited turnaround for processing all work permits.Cayman Islands Immigration has a dedicated team in place to process work permits for all clients under this programme.Key Employee Designation for senior staff.Key Employee Designation for CEO and Managing Director as well as other senior staff in the categories recently specified under the new immigration directives relating to the financial services community for all accredited investors. Investors will have the security of knowing that their senior management team will be allowed to stay in the Cayman Islands for up to eight years, after which they may apply for the right to reside permanently in the Cayman Islands.Issuance of a 25-year Direct Investment certificate.Currently the Cayman Islands Government is preparing to amend current laws in order to offer a 25-year Direct Investment certificate for investors with a net-worth of CI$5,000,000 and who have invested at least CI$2,000,000 in the Cayman Islands or in a local business. This certificate will entitle the holder to work within the business in which he has invested and will entitle their spouse and minor children to reside in the Cayman Islands as residents. This certificate will be renewable or extendable at the end of the 25-years.No increases in work permit fees guaranteed for a period of four years for permits granted under this programme.Expedited turnaround for time sensitive applications to CIMA.Cayman Islands Monetary Authority (CIMA), will make every effort to expedite any time sensitive applications in cases where all the relevant information to support the application has been made available to CIMA. For any business which requires licensing by CIMA, timeframes are published in their Regulatory Handbook. These timeframes are continually revised to recognize efficiencies. |
|