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How long do investors need to keep their investment for Cayman Islands’ RBI program?

I want to know how long I need to keep my money in the business I invest in for Cayman Islands’ RBI program. I know the resident permit is valid for 25 years. What about the investment? Do I have to maintain the investment for 25 years?


Answers
  • Bedell Cristin
    September 01, 2021

    Yes, provided you wish to maintain your position as the holder of a 25-year residency certificate (whether on account an investment in a business or real estate), there is a requirement that you maintain your investment at the minimum level for the duration of the residency certificate. This requirement does not prevent you from changing the nature of your investment during the currency of that residency certificate (e.g. selling the real estate/shares of a local business declared in the initial application in order to purchase new real estate/shares of a local business at the requisite level) but please bear in mind that you need to submit an annual declaration affidavit between 1st and 31st December of each year, attesting to the fact that your investment has been maintained. Accordingly, if you were wishing to change the nature of your initial investment, this would ideally need to be put into action in the early part of any future calendar year.