Residency and Citizenship options for HNW and UHNW individuals and families in the Cayman Islands

Andrew Miller and Daniel Altneu | Bedell Cristin

Obtaining an alternative right of residence (and in some cases citizenship), and an ability to leave one country and settle in another is becoming increasingly important for wealthy individuals, their families, their family offices and businesses. Allied to this, as the world becomes ever more interconnected, so does the desirability and feasibility of making lifestyle choices of where to live and do business.

Wealthy individuals and businesses choose to relocate to the Cayman Islands for many reasons – including the quality and sophistication of its lifestyle, its excellence as an international financial centre, the ever increasing sophistication of its infrastructure and its innovative approach in supporting and growing new and existing businesses.

Whilst obtaining residency in the Cayman Islands is often more financially accessible than people initially assume, the relocation process, whether for individual and/or business purposes, can still be complex and often requires careful navigation. Our clients range from high-net-worth and ultra-high-net-worth individuals, families and family offices, right through to large corporates wishing to have a physical presence and each application requires not just a knowledge of the relevant laws and regulations but also a wealth of experience of how the process works.