Starting Tuesday, fees payable for workers who have been granted key employee designation under the Cayman Islands Immigration Law will be
reduced by half.
The Department of
Immigration has confirmed that lowering the fees for existing or new key employee designates
followed a Cabinet decision on the matter.
Currently, key employee fees are based on the job category held by the worker and are charged as a one-off fee in addition to a person’s annual work permit fee.
Designation of key employee status allows a foreign worker to remain in the Cayman Islands long enough to apply for permanent residency – the right to stay in Cayman for the rest of their lives.