In 2020, facing a collapse in tourist arrivals during the COVID-19 pandemic, the Cayman Islands government introduced the Global Citizen Concierge Programme (GCCP), a two-year residency certificate letting financially independent foreign nationals live in Cayman while continuing to work remotely for employers or clients based elsewhere. Eligibility required minimum annual income of US$100,000 for a single applicant, rising to US$150,000-180,000 for applicants with a spouse and/or dependants.
According to Cayman News Service, citing figures from the residency authority (later reorganised as Workforce Opportunities and Residency Cayman, WORC), around 219 families - roughly 430 people - had been granted the certificate by October 2021. Local outlet Cayman Marl Road later reported, again citing official WORC figures, that 202 applicants had benefited from the programme in total by March 2023.
The regulations underpinning the GCCP lapsed in late 2023, and the route has since been reported as closed, making this a useful cautionary case: a fast-standing, income-gated remote-worker visa can generate a modest but real influx of long-stay residents, yet without renewed legislative backing the mechanism itself proved short-lived. The high income floor also meant the programme reached only a narrow, affluent slice of the global remote-work population rather than broad-based talent attraction.
Read the full analysis: https://caymannewsservice.com/2021/10/over-400-global-citizens-living-in-cayman/
Where this practice's information was retrieved from, and when.