Cayman’s immigration reform explained

Cayman’s legislators have passed the most significant immigration reform in years changing the path to status, raising fees, and resetting the rules for work permit holders, families and businesses.

Compass Media’s Chief Political Correspondent Tammi Sulliman sat down with Caymanian Employment and Immigration Minister Michael Myles, who was at the forefront of the changes, to break down the new process, why government felt it was necessary at this time, and how the new law stacks up against immigration models around the world.

18 December 2025 | 00:27:10

Cayman Compass

Realtors unworried as Parliament approves 10% luxury property stamp duty

Realtors remain sanguine as Parliament approved a stamp duty increase for land and properties worth $2 million and above that takes effect on 1 Jan. 2026.

On 14 Nov., Minister of Finance and Economic Development, Rolston Anglin, announced that stamp duty on property and land worth $2 million would increase to 10% from 7.5%. On 12 Dec. that measure was passed by Parliament and the regulations approved on 15 Dec. confirmed the change will apply from 1 Jan. 2026.