s.34A. Certificate of Permanent Residence for Persons of Independent Means
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Section 34Part 4 — Permanent Residence and Extended Residence Categories

A. Certificate of Permanent Residence for Persons of Independent Means

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A person of independent means who satisfies the requirements of this section may apply in the prescribed manner to the Chief Immigration Officer for the grant of the right to reside permanently in the Islands.
Subject to subsection (4) an applicant under this section shall be granted a Certificate of Permanent Residence for Persons of Independent Means, without the right to work, if he satisfies the Chief Immigration Officer that —
he has invested the prescribed sum in developed real estate in the Islands;
he and his spouse (where applicable) have a clean criminal record;
he, his spouse and dependent children (where applicable) are in good health and possess adequate health insurance coverage; and
his financial resources are sufficient to adequately maintain himself and his dependents.
Notwithstanding subsection (2) and section 35(1) the holder of a Certificate of Permanent Residence for Persons of Independent Means issued under this section, or his spouse, if he holds a Certificate of Permanent Residence for Dependants of Persons of Independent Means issued under section 35, may apply to the Caymanian Status and Permanent Residency Board or the Chief Immigration Officer for a variation of his Certificate to allow the right to work for any employer but only in the particular occupation or occupations specified by the Board or the Chief Immigration Officer.
The Cabinet shall establish a quota that would restrict the number of Certificates granted under this section and such quota shall be gazetted.

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