Located just south of Cuba, the Cayman Islands are a collection of three islands and a British overseas territory. However, since applying for permanent residency also enables you and your spouse to eventually apply for citizenship, the qualifications for this residency option are much higher. Covering an area of 76 square miles, Grand Cayman is overwhelmingly the largest among the three island groups. Supposedly, this congregating began decades ago when . Therefore, agriculture was not given much focus over the years. In total, the islands comprise of 102 square miles, with Grand Cayman being the largest. Like other residency applications in the Cayman Islands, applying for permanent residency is fairly straightforward. The islands are located South of Cuba and are a British Overseas Territory. Grand Cayman is known for its beach resorts, and scuba diving and snorkelling sites. The Tower at Camana Bay was one such spot that provided 360 degree peripheral views of Rum Point, the Dump, and Seven Mile Beach on island. The cayman islands is recognised for offering one of the highest standards of living in the world. 288.79/km (47th) Land Area. Well, our game got a bit chippy and towards the end of the second quarter, I caught an elbow right under my left eye. In this article, we'll go over the Andorran residence permit options available to you if you're We live in a time of economic and geopolitical uncertainty. Cayman Islands Population 2023 (Live) Although this residency permit is temporary, it lasts for 25 years, and it also allows you to bring your spouse and any dependents. Expat Arrivals is looking for locals to contribute to this guide, and answer forum questions from others planning their move to Cayman Islands. I have recently completed an informative course by cruise specialist, Emma Cruises which you should check out titled How To Cruise For Less. Cayman International School students head back to the classroom, Indian head massages and ear candling at Eclipze Hair Design & Day Spa. There are about 135 different nationalities of the world that are represented on the island. Pros of living in the Algarve as an expat. As an Expat.com member you can share your own experience about your expatriation by writing some articles in the Expat Guide.Formalities, Visas, Work, Bank. Youll fill out the application and pay a fee of about $600, and if your application is approved, then you pay a $25,000 fee to issue your permit and then $1,220 per year to keep your permit active. The monthly rental costs vary depending on the location of the property, its square footage, number of bedrooms and access to amenities. How (And Why) to Retire in the Cayman Islands - Caribbean Journal Every job has to be advertised and offered to Caymanians first. The Tower at Camana Bay was one such spot that provided 360 degree peripheral views of Rum Point, the Dump, and Seven Mile Beach on island. 17 top things to do in Grand Cayman - Lonely Planet There are pot holes in the road which makes driving difficult. Liz's Awesome Fun Bay, toll-free: +1-800-945-7884, fax: +1 345-945-6875. Received 0 Likes on 0 Posts. As always, whether Cayman Islands residency is a good choice for you will depend on your needs and circumstances. Upon arrival, the post office opens packages, hunting for receipts to know how much import duty to collect. It was insightful to hear everyones surprising and enlightening observations of the last three years. [16] Ports are closed on Sundays and Christian holidays. Read this first. The standard of education in the Cayman Islands is terrific, and education is compulsory for all children, so expat parents will find the Cayman Islands an ideal place to raise a family. Last updated 09 March, 2023. ): Tanesha Simpson is a Senior Administrative Assistant supporting members of the executive team in the real estate division at Dart. Tax free and has some great financial banks based there. Here are a few of the most common ways to get residency by investment in the Cayman Islands. What a nerd! Slavery was less common on the Cayman Islands than in many other parts of the Caribbean, resulting in a more even division of African and European ancestry. Clearly, island living is not . As I mentioned in my article on tax-friendly second passports, one of the most important parts of your tax, business, and personal strategies is choosing where you want to actually live. We had a massive pool in the backyard. Required fields are marked *. The whole Caribbean is well-known for its tax haven status, but the Cayman Islands is the crown jewel of the lot. As mentioned above, the Digicel Cayman Basketball League is legit, or at least in my mind. There are direct and non-stop flight opportunities from several international ports such as Denver, Atlanta, Toronto and London. From May to October the weather is warm but rainy, and from November to April, hot and dry. Working and playing with almost everyone, even that crazy Canuck Coach Greg and Yankee Jayson. [3] While the government does not restrict foreign land ownership, it does strongly enforce its immigration laws. Therefore, if youre willing to establish permanent residency and live in the Cayman Islands for five years, then you can become eligible to apply for citizenship by naturalization. Moving to the Cayman Islands | Cayman Resident Each island is famous for its particular features. Cost of living in Grand Cayman is 32% more expensive than in Road Town. Although Cayman is a very welcoming community to join, there are always a few insider tips worth knowing when starting out somewhere new that can make the whole settling in process a lot easier. Living In the Cayman Islands In 2021 | Expats Community Blog - Living Most Grand Cayman real estate properties for rent are fully furnished and include modern conveniences like high-speed internet, central air-conditioning, and kitchens appointed with stainless steel appliances. Living in The Bahamas as an Expat: Cost of Living - Bahamas Guides You can move to Asia to make your money go further, or if you want to live in the EU, you could get a Golden Visa in Portugal. Comfort Suites: Low season: $144/night. $5 for an imperial gallon of gas. American-style two-pin plugs are standard. a chic dining experience in the Cayman Islands's trendiest restaurant or a get-away with fellow American expats to discover Grand Cayman's Car parts as well are a major issue and at times these need to be ordered from abroad. 10 Best Towns and Villages in the Cayman Islands Their medical facilities are up to date and equipped to deal with most problems, however, some complicated medical matters may require local stabilisation and transport to facilities in Miami. Despite this if you have a great group of friends maybe it can help ease the monotony of living on the island. The Dominican Republic is one of the best places to retire in the Caribbean The Bahamas Located just 50 miles off the coast of Florida at its nearest point, the 700 islands that make up The Bahamas are simply spectacular. Sophie and Domino always preferred hitting up Margaritaville and their water slide. #3B This one isnt quite the worst, but Ill include it for shit and giggles. This is the same for citizens. Instead, youll have to play mix-and-match between the two Fosters Food Fair locations, plus Kirk Market and Bay Market when moving to Grand Cayman. Caymanians of Jamaican origin speak in their own vernacular (see Jamaican Creole and Jamaican English). Protect your health and get speedy access to treatment for expats in Cayman Islands. I am applying to a job there to teach Spanish (CIS) and I was wondering if you could share some insights in terms of school culture and community. Mont Kiara If you prefer to stay away from the centre of the city, Mont Kiara is a great option for expats with a larger budget. ATMs are available on Grand Cayman and Little Cayman, but are concentrated in George Town. Holiday Inn: Low season: $95/night. We are a family of 4 and we do not know which place would be good to rent an apartment, we have other job offers but I want to be realistic and know if I can consider the Cayman Islands as an option. Life is expensive, but you can find everything you need once there. The beach is lined with beige colored sand bordering the crystal clear Caribbean Sea. How to do Grand Cayman on a Budget - Happily in Pursuit The biggest demographics include those from Jamaica, the United Kingdom, the United States, Canada and Honduras. Moni abstained as only being nine-weeks old. Additionally, you will need to pay an annual fee equivalent to a work permit holder in your industry, which can vary substantially, as well as an extra $1,220 fee per dependent per year. Still, the Cayman Islands attracts wealthy travelers, making it one of the most expensive Caribbean destinations. Where to Stay in Cayman on a Budget. Tipping: Most restaurants and hotels automatically add a 10 to 15 percent service charge to the bill, otherwise a gratuity of the same amount is expected. This is truly the nature and essence of, With the short commute, one can spend time with family on afternoons or go to the beach, dive or snorkel everyday of the week if you will like to. Even if you live outside of the city, you will still have a comfortable drive to work daily. Needless to say, the Cayman Islands left a very positive impression on our family and hopefully we left the place just a bit better. The best time to consider your financial situation is when you are moving to a new country. El Centro. Its free. Where Do Expats Live In Kuala Lumpur? - Allied Feel free to browse our website for more content on the Cayman Islands and the Caribbean by using the search bar located at the top of this page. Cayman Islands property for rent | Provenance Properties With state-of-the-art facilities and well-trained staff, the Cayman Islands was one of the first countriesin the world to mandate health insurance for all residents. So back at our wooden dinner table, we compiled our list of the best and worst of living in the Cayman Islands. However, while becoming a resident of the Cayman Islands isnt too difficult, it is expensive. Pros & Cons of Living In Turks & Caicos Islands Therefore, native Caymanians do not have any Amerindian heritage from their own islands; however, a significant number of Jamaicans have settled in the Cayman Islands over the years, so they and their descendants may have some Amerindian blood via Jamaica. The roads in Cayman are not the best. Your email address will not be published. First, youll need a work permit: Start employment under a three-month allowance, followed by one renewed annually. What are the top jobs for international students? 6. For us, buying a car can be a task. Cost of living in Grand Cayman is 65% more expensive than in Dubai. The government and Ministry of Agriculture is putting more emphasis on the sector so hopefully this should make certain crops previously imported to be available at a lower cost. This process allows visitors to bypass long immigration lines on arrival to Cayman. Tagalog is spoken by about 5% of inhabitants most of whom are Filipino residents on work permits. If you're planning a trip to Mexico but worried about safety, understanding that not all areas are Weve advised our clients on more than 100 citizenship options, from often-overlooked ancestry programs, to fast-tracked investment options, and even exclusive programs for HNWIs. Around 50,000 people live on the Grand Cayman, the largest of the three islands. Working and living in Grand Cayman - Fodor's Travel Talk Forums Then youre met at the airport on Grand Cayman. Furthermore, there are no corporate tax, capital gains, payroll or any other taxes. The most common way in which wealthy individuals obtain Cayman Islands residency is by applying as a person with independent means. Number of US Expats in the Cayman Islands: Approximately 29,000 Capital City: George Town Primary Language: English Tax Treaty: No Totalization Agreement: No US Expat Taxes in the Cayman Islands The tax rate for foreigners in the Cayman Islands is 0%. We were in the playoffs, the Final Four. Locals go out of their way to ensure that visitors are respected and can enjoy a peaceful stay on the island. Nadine mentions Smith Cove. Moving to and living in the Cayman Islands | Expat Arrivals Theres no income tax, no property tax, and no company tax. There is already a well-established ex-pat community in Providenciales, Turks, and Caicos. Moving to the Cayman Islands guide | Provenance Properties Neighbouring countries: The Cayman Islands is in the Greater Antilles, which comprises countries such asCuba, Jamaica, Puerto Rico and the Dominican Republic. Would you have any additional advice to offer regarding a few practical aspects of moving and living there? This question divided our close-knit family. No wonder so many expats opt for . When the service industry requests a permit for an American, the government usually puts a hold on it, said Mikutowicz, who is living in Grand Cayman. The largest commune in Medelln is also home to the largest percentage of expats. The permanent residency also enables you and your spouse to potentially work in the Cayman Islands, but you may be limited to particular industries. Spanish speakers comprise approximately between 10 and 12% of the population and is predominantly of the Caribbean dialect. In fact, the Caymans are only an hour away from Miami by plane. From May to October the weather is warm but rainy, and from November to April, hot and dry. A large portionof the population in the Cayman Islands is made up of foreigners. In Mauritius this week, there were a few notable news items. Both Soph and Dom loved the school. The Cayman Islands are a part of British Overseas Territory, located close to Cuba, Honduras and Jamaica. The investment amount is doubled to $2,400,000, and all of it must be invested in developed real estate. This greatly improves ones quality of life. 1.33% (110th) 2023 World Percentage. This truly makes the island a melting pot. 240. Alternatively, the cons of living on the island are the threat of natural disasters, poor infrastructure and the high cost of living. Is it difficult for expats to find a job in the Cayman Islands? Living in the Cayman Islands: What You Need to Know - InterNations I have been back in the states going on 5 years and now looking to go overseas again and noticed an opening in CIS. Don Foster's Dive Cayman Islands, +1 345 945-5132, toll-free: +1-800-833-4837. The Latin American nations with greatest representation are Honduras, Cuba, Colombia, Nicaragua, and the Dominican Republic. Currently we have a basketball team with one reserve on the bench. As a general rule, the pros of living in Cayman Islands are easy access to international cities, beautiful beaches and the Cayman Kind experience. The Cayman Islands have one of the highest standards of living throughout the world and the highest in the Caribbean. We also breakdown the cost of living in Cayman, which is one of the most expensive places in the world to live. I guess I should have warned my buddy Suva about driving in the left lane too. One of the beautiful things about living in Cayman is that there are no income taxes. I taught overseas for two year in Kwajalein in the Marshall Islands. The pros of living in Turks & Caicos are that the island has amazing beaches with great access to major international cities. Cayman's average house price is almost $1 million. If you want to live near the beach or in the city, you need to be prepared to pay a premium. Recruitment agencies will be able to advise expats on their prospects, potential salary and suitability. It is a convenient place for you and your family to live in since it is the centre of the island. At times you may want to walk down the road for a little peace and serenity and someone who you know will call you out for a chat. Leave The US: Best Places For Expats To Live - Forbes Islanders' accents retain elements passed down from English, Scottish, and Welsh settlers (among others) in a language variety known as Cayman Creole. Hi, Each of the islands provide visitors and hopeful residents with unique opportunities for Cayman Islands living: Grand Cayman has become famous for beach resorts, scuba diving and snorkeling. Only two other Caribbean islands have bioluminescent bay being Jamaica and Puerto Rico. The following are some of our articles which we believe may be suitable for you. Learn how your comment data is processed. It is a place where new residents are warmly . In addition, if you are looking for specialty items such as you are above average height you will find it hard to find suitable clothes on the island. Cost of living in Grand Cayman is 6% cheaper than in Monaco. Rent is likely to be an expat's biggest expense. Amongst us all, weve lived in Alaska, Peru, Cayman Islands, and Papua New Guinea, got even more edumacated, and traveled the world. Money: The Cayman Islands Dollar (KYD) is divided into 100 cents. Many products featured on this site were editorially chosen. Ocean Frontiers ( East End ), +1 345 947-7500, toll-free: +1-800-348-6096. Things I wished I knew before moving to Cayman | Camana Bay Its also a great place to film mockumentaries, paddle board, swim, volleyball, yoga and watch the sunset and cruise ships depart for the horizon. Pros And Cons Of Living In The Algarve As An Expatriate Although food and essentials are relatively affordable, rental prices are typically exorbitant. Cost of living in Grand Cayman is about the same as in New York City. All the while, a massive storm had moved in from the west and it was a downpour. Cayman Islands Expat Tax Advice You Need To Know Have a great day! Mikutowicz bypasses the hurdle by loading up on expensive items with each stateside visit.