Moving to the Cayman Islands. Things to consider before you immigrate to the Cayman Islands
The Cayman Islands is a part of the British Overseas Territory. It consists of 3 islands located in the Caribbean Sea. This land is very popular among tourists and wealthy people. Owing to the favourable location and high standards of living, people are moving to the Cayman Islands from the USA, Canada, the United Kingdom, and other states. If you are about to immigrate to the Cayman Islands or want to explore business opportunities there, then this guide is exactly for you.
International removals to the Cayman Islands with Eurosender
Whether you are relocating from the USA to the Cayman Islands or immigrate from any other region, you definitely need to learn more about this country. For that purpose, we have prepared a brief guide with basic facts about this land and information about services for international removals to the Cayman Islands.
|Location||The Cayman Islands is located in the Caribbean region not far from Cuba, Honduras, and Jamaica.|
|Capital city||George Town|
|Climate||The climate of the Cayman Islands is tropical with dry and wet seasons.|
|Currency||Cayman Islands dollar (KYD)|
|Population||There are about 60,000 people living on this land.|
|Language||English is the official language in the Cayman Islands.|
|Surprising fact||Christopher Columbus called the Cayman Islands “Las Tortugas” because of the high density of sea turtles swimming in its waters.|
You already know a few basic facts about this land, but it is also worth discovering a cheap and convenient way to move personal belongings to the Cayman Islands or send household appliances abroad with courier services. Contact our logistics experts and they will gladly assist you.
Living in the Cayman Islands
Being a famous destination for wealthy people, the Cayman Islands also attract many expats who just want to relocate to this area and enjoy high standards of living together with a magnificent view of the ocean. You have probably heard that this territory is a paradise both in casual and financial meaning, but before moving to the Cayman Islands you need to acknowledge that there both advantages and disadvantages of living there.
- Financial haven. The Cayman Islands is a thriving offshore financial centre with about 100,000 registered companies, including 500 banks and 800 insurance companies, because of a simplified tax system and corporate reporting obligations there. Indeed, the income tax, corporate tax, inheritance tax, and property taxes do not exist in the Cayman Islands.
- High security levels. The Cayman Islands is proud of a comprehensive and effective security system all over its territory. While major crimes are not common there, minor pickpocketing cases could be an issue sometimes.
- Affordable cost of real estate property. If you want to buy a house somewhere in the middle of the ocean, then doing this in the Cayman Islands would be an effective solution. There was a decrease in prices for dwelling in 2012, so you can choose the one you like and negotiate.
- The cost of living. If you are going to immigrate to the Cayman Islands and live there for the long term, then you should prove that you can support yourself there. The average monthly spendings of expats living in the Cayman Islands are higher than that in the USA and the UAE.
- The reputation of the companies registered in the Cayman Islands. While the Cayman Islands provides huge opportunities for the companies as a financial centre with a simplified tax system, businesses registered on this territory are not considered as highly reliable and trustworthy.
Cost of living in the Cayman Islands
Surprisingly, the cost of living in the Cayman Islands is higher than in the United States, Singapore, and even in the United Kingdom. Everything depends definitely on your particular lifestyle and expectations but be prepared to pay much for the apartment rental and food. The average monthly expenses of expats and prices for food and services are listed in the table below.
|A meal of the day||$20|
|A cup of cappuccino||$5|
Visa regulations for the Cayman Islands
The entry requirements differ depending on which country you come from. British, Canadian, American, and Jamaican nationals do not have any restrictions to enter the Cayman Islands. However, if you come from outside of the mentioned states, you will have to apply for a visa in the nearest British embassy or consulate.
As a rule, tourists and foreign students are moving to the Cayman Islands with a visitor or a student visa correspondingly. If you want to immigrate to the Cayman Islands, you need to come as a visitor first and then register at a local administrative office there. This will allow you to stay there for about 6 months. Afterwards, you can get a permanent residence permit in the Cayman Islands, which, however, does not automatically guarantee a work permit. Moreover, you will need to prove that you can support yourself and your family during that time and invest about $ 180,000 in the local business or real estate property.
Healthcare in the Cayman Islands
The healthcare system of the Cayman Islands is very similar to that in the United States. It means that each legal resident must obligatorily have an active healthcare insurance policy which is required by the law. It can be purchased in the offices of healthcare insurance providers. You will choose either you need insurance for an individual or for the whole family.
The quality of medical services is truly top-notch in the Cayman Islands. There are both private and public healthcare facilities in the region, but most of them are located on Grand Cayman island. The most popular ones among expats are the Cayman Islands Hospital, Health City Cayman Islands, and The Chrissie Tomlinson Memorial Hospital.
School and education
Public education is available for all local and resident children free of charge. The school education system is based on the British curricular, while the official language is English in the Cayman island. Therefore, expats’ children will encounter almost no difficulties in getting accustomed to there. Indeed, public education would be a fairly good option for your children, but private schools offer smaller class sizes and better facilities. The higher education in the Cayman Islands is of high quality, so young people are coming from nearby areas and countries for taking courses.
The job market in the Cayman Islands
As the economy of the Cayman Islands prospers due to financial and tourists sector, the most job opportunities for expats are in these industries. You can find posted vacancies on the websites where you can directly apply for them as well.
The average cost of the apartment rental in the Cayman Island ranges between $2000 and $3000. If you want to buy a house somewhere in the middle of the ocean, then doing this in the Cayman Islands would be an effective solution. There was a decrease in prices for dwelling in 2012, so you can choose the one you like and negotiate.
Driving in the Cayman Islands
Things to consider before driving in the Cayman Islands:
- Drive on the left side of the road.
- The use of a mobile phone whilst driving is strictly prohibited.
- Do not drive faster than 85 km/h on the roads of the island.
- The legal blood alcohol limit is 100 mg.
Cost of moving to the Cayman Islands
Eurosender offers exclusive shipping services for foreigners and international students planning to move personal belongings to the Cayman Islands. When using Eurosender platform for booking, you get a range of benefits:
- You can send almost any kind of items internationally.
- You will discover the cheapest way to move furniture to the Cayman Islands thanks to our unique algorithm that crafts the best offer based on the price-to-performance ratio.
- Check the estimated delivery date and track a parcel online with our tracking engine.
The most popular destinations from where you can move to the Cayman Islands
Moving to the Cayman Islands from the United Kingdom
There are visa-free entry requirements for citizens coming from the United Kingdom. Thus, people are moving to the Cayman Islands from the United Kingdom for either business or retirement purposes. If you are interested in the average moving costs to the Cayman Islands, you can contact our logistics specialists via e-mail or phone. They will prepare an individual offer for you and provide the most affordable transportation option and cost of moving house to the Cayman Islands.
Moving to the Cayman Islands from Canada
Canadian nationals similar to the British and American ones possess the right to come to this territory and apply for permission to settle down in the islands for up to six months and even apply for a permanent residence later. If you plan a relocation, you definitely need to get some personal belongings when moving to the Cayman Islands from Canada. Instead of taking all of them with you, it is better to take advantage of the international removals with Eurosender and get the most affordable cost of moving house to the Cayman Islands.
Disclaimer: The materials provided in this article were collected from other credible resources to be used for general information purposes only. Given that the legislative basis of the country and its economic development have a changing nature, the information provided in the article could be subject to change. Whilst we endeavour to keep the information up-to-date and correct, Eurosender will not be liable for any inappropriate, incomplete, or inaccurate information. Certain links will lead to websites which are not under control of Eurosender. Thus, Eurosender accepts no liability in respect of materials, products or services being not under control of Eurosender.