Cayman is world-renowned as an island paradise where sun, sea and sand combine with tropical weather, exotic scenery, and superb restaurants to offer an enviable way of life. Furthermore, Cayman’s position as a leading international financial centre makes it an excellent option for retirement and those seeking good investment opportunities, privacy, and a secure lifestyle.

To become a resident and make your retirement dream a reality, there are key immigration criteria to meet. You need to demonstrate suitable investment in the
Cayman Islands, good health, a clean police record, and the ability to support yourself without having to work.

Recognising that priorities change at different stages of life, Cayman offers a multi-track residency by investment programme with various residency options available for individuals of independent means.

Some options allow individuals to live most of the year elsewhere while maintaining residency. Others are designed for those who wish to relocate while remaining active in professional roles in businesses operating globally or primarily in other jurisdictions.

It is important for individuals approaching retirement to understand the process for obtaining residency, including the conditions, timelines, and fees, so that they can plan appropriately for themselves and their families. A key factor for a non-working resident is the required investment in real estate, which will affect the type of residency you can apply for. Additionally, individuals who have a right to reside in the Cayman Islands should understand the ongoing obligations of that right, and continue to satisfy the conditions that apply to them and any dependants.

Cayman offers a wide variety of residential properties to invest or reside in, ranging from canal-front single-family homes to serviced condominiums on the luxurious Seven Mile Beach or secluded ocean-view villas. Healthcare services, recreational facilities, and education options are exceptional. Additionally, the Cayman Islands are well connected to the United States, Canada, Central and South America, and Europe, with regular direct flights to and from major cities.

The Cayman Islands have a stable political environment and a strong legal framework that robustly protects individuals’ rights to privacy, among other things, making it a safe place to live, invest and do business. Additionally, the Cayman Islands have sophisticated trust laws and a highly experienced trust services industry that make Cayman trusts an attractive option to protect a person’s wealth for future generations. Finally, from a financial perspective, the absence of direct taxation on wealth, income, or inheritance in the Cayman Islands can simplify tax planning and reduce administrative burden compared to other popular jurisdictions.

If you’re interested in retiring and establishing residency in the Cayman Islands, it’s advisable to consult with legal professionals within the jurisdiction. Specialist Property
and Relocations teams will provide impartial advice and assist in proper planning. The Cayman Islands is a prime destination for those seeking retirement in paradise.