How can I invest in other assets than property to qualify for residency by investment in Cayman Islands?

Suppose an investor wants to buy two separate villas in different parts of Cayman. Would the investor be able to use their combined market value to qualify for permanent residency by investment? What are my options?

Answers

On May 20, 2022 Daniel Altneu answered:

Yes, an investor can use the combined market value of two separate properties to qualify for a Certificate of Permanent Residence (minimum CI$2m) or a 25-Year Residency Certificate (minimum CI$1m). Please also note that stamp duty paid on the purchases can count towards such thresholds and that it is possible for an investor to treat either or both properties as investment properties.

On October 18, 2021 Sue Nickason answered:

Yes, you can purchase more than one property provided that the properties are developed real estate and the equity invested in the properties meets the minimum investment criteria to apply for permanent residency by investing in real estate.

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