Seeking employment or recruitment solutions in the Cayman Islands? AP Technical is here to help. We combine our extensive international networks with the latest technology to facilitate the entire process. We specialize in Cayman Islands recruitment within the IT, fintech, crypto, blockchain, digital media and telecoms sectors.
The Cayman Islands is a British Overseas territory comprising of three islands: Grand Cayman, Cayman Brac, and Little Cayman. The territory lies to the south of Cuba and northwest of Jamaica. The island is home to an estimated 38 million inhabitants (2020). English is the official language, spoken by around 90% of residents.
The Cayman Islands is the fifth-largest offshore financial center in the world and has immense economic and political stability. There are over 100,000 registered businesses in Cayman and almost 80,000 businesses. The financial sector is highly developed and diverse, while there is also a thriving tourism industry.
This beautiful part of the world has a distinct culture and customs. It isn't awash with the rush and bustle of large cities, and you'll encounter many friendly people who will aid you in your transition. It is world-renowned for its spectacular coral reefs, stunning natural landscapes and incredible beaches.
For decades, the Cayman Islands have remained a significant international financial and banking center. The tax-free status and business-friendly environment draw foreign investors and skilled professionals worldwide. The finance industry is backed with modern facilities, the latest technology and a strong regulatory framework.
Opportunities in the Cayman Islands are abundant, and the most challenging thing is securing a job. Although Cayman is small, its location and ease of access are major advantages. It is easily connected by air with Canada, the United States, and the United Kingdom, and frequent inter-island flights offer seamless connectivity between the islands.
Caymanians can enjoy a high-quality living with decent salaries and a tax-free system. The Cayman Islands has a substantial percentage of expats and a diverse social-cultural scene.
Private and public health providers provide extensive service at a reasonable cost.
The creation of Special Economic Zones (SEZs) has simplified the registration process and greatly boosted foreign investment. SEZs have many benefits, such as tax-free reductions in costs for customs and employment, as well as flexible visa regulations.
Establishing a company with the Cayman Islands is a simple procedure. Regardless of the business structure, each company structure must register with the Registrar of Companies. There are three popular business structures to choose from: sole trader, partnership or limited company.
Due to the low population, businesses often employ international personnel for available positions. However, there are strict regulations to ensure that employers give locals the first preference.
The great thing about the Cayman Islands is that the region is set up to accommodate the arrival of expatriates. First, you must obtain a job offer, then the process for obtaining a permit will begin. You cannot relocate to the Cayman Islands until the permit to work is approved, but things will move quickly once the permit process begins. The maximum term of the permit to work is now extended from seven to nine years. Anyone who has completed an average of eight years of residency may apply for Permanent Residence.
