The Cayman Tax Information Authority can grant tax residency certificates to individuals ordinarily resident in the Cayman Islands.
This may be relevant or desirable for citizens of European Union (EU) member states for the purposes of compliance with Reporting of Savings Income Information Law.
Though not a direct or indirect tax, the following requirements may impact individuals working in the Cayman Islands:
Work permits are required for non-Caymanian individuals seeking to work (temporarily or long term) in the Cayman Islands.
The cost of work permits varies by occupation/position and is revised periodically. The most recent revision occurred in 2022.
Participation in approved private pension and private health insurance plans is mandatory.
This is paid by the employer, who is entitled to reimbursement from the employee up to a certain amount.