By clicking on each of the jurisdictional links below, you can access information for each of our jurisdictions in relation to:
- Can searches be conducted?
- Certificates of good standing – if and how these are being conducted
- Other searches – how are these being conducted?
- Court position
- Travel restrictions
- Other Temporary Regulatory Measures
- The implications for economic substance compliance and residency
SPOTLIGHT ARTICLE: SAFE HAVENS: TEMPORARY RELOCATION AND RESIDENCY BY INVESTMENT IN APPLEBY’S JURISDICTIONS
A few weeks ago, we examined how the digital nomad culture is evolving in our jurisdictions, and why we think that the trend toward temporary relocation from Covid-19 affected jurisdictions, not to mention appealing residency-by-investment incentives, will forever change the way that some of us live and work.
After we published our original article, the Cayman Islands Government introduced a “Global Citizen” programme that will allow foreigners to apply for permission to reside in the Cayman Islands for a limited period. The regulations governing the programme will remain in effect until 30 November 2023 (unless extended to a later date by Cabinet). A person meeting the qualifications set out in the regulations may apply for the grant of a Global Citizen Certificate that would allow the successful applicant (and any dependant named in that certificate) to reside in the Cayman Islands for a period of up to 24 months under an exemption from the immigration and work permit requirements that would otherwise apply under Cayman’s immigration legislation. For the full text of our release announcing this new programme, click here.
We trust this information is useful in supporting your business in continuing to operate during these unprecedented circumstances.
The intention is to publish updates to this report as and when required. Further articles will also follow in relation to matters pertinent to the current situation in our different jurisdictions.
* Appleby is registered as a Foreign Law Firm in Hong Kong and does not practice Hong Kong Law.