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Cayman’s Global Citizen Concierge Programme or Become a CEC Global Corporate Citizen - Which option is right for you?

The Cayman Islands is an excellent place to live, work and do business from. Our pro-business jurisdiction welcomes individuals from all over the world — and Cayman's forward-thinking government has developed several options to welcome individuals from overseas. If the Cayman Islands is your dream destination, let's help you find the best way to make the Cayman Islands your new home.

What's the Best Way to Make the Cayman Islands Your Home?

If you would like to make the Cayman Islands your home for longer than six months, you can apply for permanent residency by way of investment, you can apply for a work permit, or you can apply for a Global Citizen Certificate which allows individuals to extend their stay for up to two years.

If you are an entrepreneur, a business owner, or want to take full advantage of the Cayman Islands corporate and personal income tax benefits, you may want to consider becoming a Global Corporate Citizen with Cayman Enterprise City by setting up a Cayman Islands Special Economic Zone Company (SEZCo). If you are deciding between working remotely for a couple years or establishing a long-term offshore business presence, we've compiled some key differences between the Global Citizen Concierge Program by the Cayman Islands Department of Tourism and becoming a Global Corporate Citizen with Cayman Enterprise City.

Moving to The Cayman Islands with Cayman Enterprise City allows you to live that tropical lifestyle and work remotely while also offering your company the benefit of tax neutrality and allowing you to extend your stay beyond two years. 

Cayman Enterprise City provides an efficient and easy path to setting up operations in the Cayman Islands.

If you’re exploring options for an international presence, the Cayman Islands is an excellent choice.

John Gleeson
Chief Operating Officer at Storj Labs International SEZC

 

Cayman Enterprise City's success is good news for the Cayman Islands.

The large number of entrepreneurs who have established a physical presence within Cayman’s SEZs bring much sought after diversity to Cayman’s economy.

Charlie Kirkconnell
Chief Executive Officer at CEC

 

Cayman offers a great solution for innovative companies.

I suggest for everyone to take advantage of the multiple benefits of setting up offshore in the Cayman Islands - it's more than just a beautiful destination.

Ramona Tudorancea
Founder & Managing Director JB Advisory Services SEZC

 

Company Ownership & License to Operate

 

Global Citizen Concierge Programme

Under the Global Citizen Concierge Programme your business will not have a license to operate from within the Cayman Islands. Applicants must provide a letter showing proof of employment with an entity outside of the Cayman Islands.

Global Corporate Citizen Programme

With Cayman Enterprise City 100% foreign ownership is permissible and you’ll receive a business license (called a Zone Trade Certificate) to operate your global business from within the Cayman Islands. 

Please contact us at innovate@caymanenterprisecity.com to find out whether your company might be eligible for a special economic zone business license. 

Corporate Tax Advantages

Global Citizen Concierge Programme

There are no Cayman Islands corporate tax advantages for companies domiciled out side of Cayman. 

Global Corporate Citizen Programme

With Cayman Enterprise City you can benefit from Cayman’s tax neutral platform for both corporate income and your personal income. Additionally, Cayman Islands companies are not subject to capital gains tax.

Type of Visa/Residency Included

Global Citizen Concierge Programme

Once approved, you will receive a Global Citizen Certificate and a visitor’s visa must be acquired if relevant. As a visitor, you may be considered to remain domiciled in your home jurisdiction.

Global Corporate Citizen Programme

In addition to business licenses, CEC offers renewable work/residency visas called Zone Employment Certificates. With a CEC work/residency visa you will be considered to be a resident of the Cayman Islands. 

Visa/Residency Duration

Global Citizen Concierge Programme

The Global Citizen Concierge Program allows persons who are employed by non-Cayman Islands companies to work remotely in the Cayman Islands for up to 2 years, provided that they are able to prove the required financial independence to live and work remotely.

Please Note: Time spent in Cayman under the Global Citizen Concierge programme will not count towards a permanent residency application. Read more about how permanent residency works in the Cayman Islands here. 

Global Corporate Citizen Programme

The Global Corporate Citizen Programme with CEC offers 5-year work visas which are renewable for a further 4 years. In the 8th year of residency, the CEC work/residency visa holders can apply to the Cayman Islands Government for Permanent Residency.

Earning Criteria

Global Citizen Concierge Programme

Individual applicants must make a minimum of US$100,000 annually. Applicants with a spouse/civil partner must make a minimum household income of US$150,000 annually. Applicants with a spouse/civil partner and dependents must make a minimum household income of US$180,000 annually.

Global Corporate Citizen Programme

With Cayman Enterprise City there is no earning criteria. You have the freedom to assemble global teams who are at any level in their career. From interns to c-suite executives, there is no minimum salary requirement. 

Corporate Banking

Global Citizen Concierge Programme

Corporate banking relationships are generally not available to non-Cayman Islands companies. 

Global Corporate Citizen Programme

Corporate banking relationships are available to special economic zone businesses. Our team will be happy to recommend preferred banking partners who can assist you with setting up corporate bank accounts in the Cayman Islands.

Health Insurance

Global Citizen Concierge Programme

Coverage is required for all applicants in your party for a minimum of 30 days upon arrival in the Cayman Islands. All applicants must obtain local health insurance coverage within 30 days of arriving in the Cayman Islands.

Global Corporate Citizen Programme

With Cayman Enterprise City, local health insurance is required, however as a Global Corporate Citizen you can take advantage of group discounts on a variety of health insurance packages.

Learn more about medical care in the Cayman Islands.

Import Duties

Global Citizen Concierge Programme

All items valued at over CI $500 will be assessed a 22% duty.

Global Corporate Citizen Programme

As a Global Corporate Citizen import duties are waived for all business related items – including servers, PCs, laptops, and other technical equipment.

For individuals relocating to the Cayman Islands personal items may be imported duty free during the first 6 months of residency. 

Travel Requirements

Global Citizen Concierge Programme

You must come to the Cayman Islands within 12 months of the date your approval is granted and then you may come and go as you please. The only requirement is that one must stay in Cayman for a total of 90 days per each 12 month period. 

Please Note: All quarantine regulations in place at the time of travel must be followed.

Global Corporate Citizen Programme

With Cayman Enterprise City, once your work/residency visa approval is granted, you may come and go as you please. 

Please Note: All quarantine regulations in place at the time of travel must be followed.

Access to a Community & Networking

Global Citizen Concierge Programme

No formal programme is in place. 

Global Corporate Citizen Programme

As a Global Corporate Citizen you will be part of Cayman Enterprise City's vibrant community of innovators and entrepreneurs. As soon as you arrive, you will be invited to an extensive programme of events and happenings. You'll also become a member of our Enterprise Cayman outreach initiative and invited to take part in CEC's corporate social responsibility programmes. 

Relocation Advice & Travel Support

Global Citizen Concierge Programme

Once you are approved for the Global Citizen Concierge programme, the Department of Tourism Support Team will assist with your travel arrangements.

Global Corporate Citizen Programme

The Cayman Enterprise City Client Experience Team helps with all the details: travel, banking, housing, pets, drivers' licenses, schools, networking, health & wellness activities, and more!

Cayman Enterprise City has developed a comprehensive support programme. Unlike anywhere else in the Caribbean, CEC helps new tenants and their employees settle comfortably into life in the Cayman Islands.

Office Space

Global Citizen Concierge Programme

Any required office space arrangements will need to be arranged independently.  

Global Corporate Citizen Programme

As part of Cayman Enterprise City's turn-key solution you will have access to all Zone business centre facilities in addition to an extensive programme of networking events and socials. Meet like-minded people and take advantage of CEC’s community support structure. 

Take a virtual tour here.

Corporate Social Responsibility

Global Citizen Concierge Programme

No formal programme is in place.

Global Corporate Citizen Programme

As a Global Corporate Citizen you will be automatically enrolled in CEC’s Workforce Development initiative called Enterprise Cayman. With countless opportunities to get involved, you’ll feel a part of the Cayman Islands community as soon as you arrive!

 

 

Set up a Special Economic Zone Business

If you are interested in establishing a genuine physical presence for your business, please fill in the form below and a member of our team will be in touch shortly.

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Apply for the Global Citizen Concierge Programme

If you've made the decision to work remotely for up to two years. Apply below and we'll see you at the beach! 

Apply Here

Global Corporate Citizens

Meet others, like you, who have made the move and are operating a genuine offshore physical presence in the Cayman Islands with Cayman Enterprise City.

Get Started Today!

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