Sunday, December 22, 2024

Cayman opens GCCP Program for Nomads to work remotely

The Cayman Islands has long drawn sun-seekers, nomads and wanderlusters from around the globe – and for good reason! The warm, friendly nature of its people, known as Cayman kindness, creates an inviting atmosphere unlike anywhere else in the Caribbean.

The Global Citizen Concierge Program (GCCP) is a new initiative launched by the Cayman Islands, which allows persons who are employed outside of the Cayman Islands with the financial independence to work remotely, relocate, and live in the Cayman Islands for up to 24 months.

The GCCP Regulations were published in gazette on Oct 20, 2020

The application process takes approximately 3-4 weeks, depending on the party size. Once approved, the GCC Certificate allows one to live in Cayman for up to 2 years. The Certificate becomes valid upon the initial entry in to the Cayman Islands; however, the applicant must enter the Cayman Islands within 12 months of the date of approval. Upon initial arrival, the Certificate is valid for 2 years. If remote employment is ever terminated, the certificate shall automatically expire on the date of termination.

Global Citizens and their dependents are not permitted to work in the Cayman Islands.

GCCP Conditions

  • Proof of Employment and/or Income
  • Applicants must provide a letter showing proof of employment with an entity outside of the Cayman Islands stating position, length of employment, and annual salary on company letterhead. Applicant(s) minimum annual salary requirements are as follows:
  • Applicant must make a minimum income of US$100,000 annually if applying as an individual
  • Applicant must make a minimum income of US$150,000 annually if applying with an accompanying spouse/civil partner
  • Applicant must make a minimum income of US$180,000 annually if applying with an accompanying spouse/civil partner and/or dependent(s)
  • Applicant must make a minimum income of US$180,000 annually if applying with an accompanying dependent(s)
  • Proof of Legal Existence of Employer/Company 
  • Provide a copy of a Certificate of Good Standing/Certificate of Incorporation or Registration with an authorized government body in your country including website details and any social media profile information.
  • Bank Reference
  • A notarized bank reference. (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.
  • Proof of Identity
  • Clear color copy of the photo and information page of a valid passport. Persons requiring a visa for entry into the Cayman Islands must apply. Please click here to find the most updated visa requirements.
  • Police Clearance
  • Provide a Federal criminal record or similar documentation, issued within the past 6 months old, from the last place of residence for more than 6 months. For all countries, this document must be submitted with fingerprint verification.
  • Proof of health insurance
  • Coverage 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.

DEPENDENTS

Per Cayman Islands Government law, a dependent is defined as the spouse/civil partner of that person, or one of the following relations of that person, namely a child, step-child, adopted child, grandchild, parent, step-parent, grandparent, brother, sister, half-brother, half-sister, being, in each case, wholly or substantially dependent upon that person. Dependents do not include, caregiver, nanny, au pair, common-law relationships, etc.

  • Proof of Identity 
  • Clear color copy of the photo and information page of a valid passport of each requested dependent. Persons requiring a visa for entry into the Cayman Islands must apply. Please click here to find the most updated visa requirements.
  • Evidence of Marital Status/Civil Partnership
  • Certified copies of marriage/civil partnership certificate and/or death and divorce decree(s), where applicable if the applicant and/or spouse was married/civil partner before.
  • Dependent Children
  • Provide copies of birth certificates or adoption orders in respect of any dependent children listed on the application.
  • Police Clearance
  • Provide a Federal criminal record or similar documentation, issued within the past 6 months old, from last place of residence for more than 6 months, for dependents 18 years and above.
  • Proof of health insurance
  • Coverage 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.

* Children must be enrolled in a local private school or enrolled in homeschooling.

GCCP Fee Structure

  • Global Citizen Concierge Certificate Fee up to Party of 2 persons: US$1,469 per annum
  • Global Citizen Concierge Certificate Fee for each dependent: US$500 per dependent, per annum
  • Credit Card Processing Fee: 7% of the total application fee

Fees are non-refundable

How to Apply?

GCCP Applications can be filed online at the official website

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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