The Global Citizen Concierge Programme has been extended for an additional year following Cabinet approval to amend the Immigration (Transition) (Global Citizen Exemption) (Amendment) Regulations, 2021 accordingly. The programme will now also allow for proof of additional means of income.
Under the new amendments, the programme is open for applications through October 2022 for participants to stay in the Cayman Islands for two years.
Applicants can now also include other sources of income such as annual salary, annual salary of spouse or civil partner, employment bonus of applicant, spouse or civil partner, income from investments of applicant, spouse or civil partner, share dividends of applicant spouse or civil partner and any other forms of recurring income of the applicant, spouse or civil partner.
The minimum annual income for an individual applicant to apply for the programme is US$100,000 and the minimum annual income for a family of four is US$186,000. A minimum income applies to applicants with up to five dependents and for applicants with five or more dependents, the minimum annual income is left to the discretion of the Director of WORC.
The Global Citizen Concierge Programme launched in October 2020 to allow individuals and families who are employed and generate income outside of the Cayman Islands to live and work in the Islands remotely.
The programme allows the approved applicants to travel in and out of the Cayman Islands as a Permanent Resident for the term of the contract.
The programme has generated US$293,040 of direct revenue for the Department of Tourism, and it is estimated that about US$5,000 per applicant is pumped into the local economy per month of their stay.
To date, 152 applications have been approved resulting in 334 people arriving as part of the programme. There are 23 applications representing 52 people currently awaiting approval to arrive.
All individuals entering the Cayman Islands via the Global Citizen Concierge Programme are required to be fully vaccinated against COVID-19.