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Cayman Islands allows workers in remote areas to earn more than US$100,000 per year



  • For those with an annual salary of at least US$100,000 (or US$150,000 for married couples and domestic partners), the Cayman Islands is willing to issue a certificate to work in the country for two years.
  • In order to apply, workers must submit health insurance certificates, criminal background checks, valid passports and notarized bank letters.
  • The country’s COVID-19 cases have been low, as of October 27, there were only 239 confirmed cases.
  • Barbados, Bermuda and Anguilla have their own version of the remote work program.
  • Visit Business Insider’s homepage for more stories.

CNBC reports that if workers want to exchange money from the home office, they can now live in the Cayman Islands-if their annual income is at least $1

00,000.

The Global Citizens Concierge Program, which applies to all three islands, allows people from all over the world to apply for a two-year certificate to enable them to work on the island. With many people getting permits to continue working remotely, opportunities for certain jobs from the Cayman Islands are likely to attract the attention of some of them.

“The Cayman Islands has reduced the threat of COVID-19 to almost zero, providing a perfect oasis for people with remote working lifestyles, allowing them to experience the Cayman lifestyle,” the Cayman Islands Deputy Prime Minister and Minister of Tourism Moses I. Kirkconnell Islands said in a statement.

Since the beginning of the pandemic, according to the island’s Ministry of Health, Environment, Culture and Housing, there have been 239 cases in the Cayman Islands, including one death. For the time being, most social distancing work has been relaxed, but public transportation and airports still need masks.

The income thresholds required for remote work programs for people who are married (or a domestic partner) or have children (or other dependents) are $150,000 and $180,000, respectively. Two people also need to pay a fee of $1,469 per year, and a fee of $500 per dependant. According to CNBC, applicants must provide a valid passport, notarized bank letter, health insurance certificate, criminal background check and a form that can be found on the program’s official website.

If approved, tourists must still comply with the country’s entry rules, which include two COVID-19 tests and a 14-day quarantine. During the quarantine period, workers can live in resorts or private residences.

Once workers enter the country, they can come and go, but they must spend at least 90 days on these islands each year.

As the pandemic spreads, the Cayman Islands is not the only country that allows workers in remote areas of the country.

Anguilla, Bermuda and Barbados have also developed plans to allow people to work remotely to help reinvest funds into the tourism-dependent economy.


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