What are the minimum monthly income thresholds that digital nomads have to meet in order to qualify for Cayman’s Global Citizen Concierge Program?

Answers

• 

  Daniel Altneu

  Bedell Cristin

  May 20, 2022

  No, it is not necessary to maintain a minimum deposit. Successful applicants would need to demonstrate (both as part of the application process by way of a letter of employment and on an ongoing basis) that they meet the minimum requirements in respect of income generated outside the Cayman Islands. For an individual, this is a minimum of US$100,000 per annum; where an applicant wishes to bring their spouse or civil partner to live in Cayman, the minimum income requirement increases to US$150,000; and where an individual or couple also wish to bring a dependent child or children, the minimum income requirement increases to US$180,000.

• 

  Sue Nickason

  Dart Real Estate

  August 14, 2021

  An applicant must make a minimum income of $100,000 annually, if applying as an individual; an applicant must make a minimum income of $150,000 annually, if applying with an accompanying spouse/civil partner; an applicant must make a minimum income of $180,000 annually, if applying with an accompanying spouse/civil partner and/or dependent(s); an applicant must make a minimum income of $180,000 annually, if applying with an accompanying dependent(s). A notarized bank reference is required. (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). You can contact the Cayman Islands Government at globalcitizen@caymanislands.ky to request additional details about minimum bank balance requirements.