The Cayman Islands has a thriving economy, boasting an exceptionally high GDP per capita. The islands are a popular business and financial centre, based on their tax-free status on incomes and their well-developed communications infrastructure. The two most significant economic sectors on the islands are finance and tourism.
Job market in the Cayman Islands
Most of the banks located in the Cayman Islands are licensed to operate internationally and with limited domestic activity. An expat qualified in the financial sector is a viable candidate for finding a job on the islands, especially in investments or insurance.
Management positions in construction are also usually available to foreigners, as there are not enough qualified Caymanians to fill these posts.
Teaching is also an option for expats, as many teachers are recruited from England, Canada and the US. The typical recruitment period is between December and February every year.
Finding a job in the Cayman Islands
Most expats job hunting in the Cayman Islands do so through a local recruitment agency. To work on the islands as a non-resident, expats must secure a work permit before making the move, which can only be done with the guarantee of an employer. Recruitment agencies will be able to advise expats on their prospects, potential salary and suitability.
It's possible to register as a jobseeker on JobsCayman, the official government job portal run by Workforce Opportunities and Residency Cayman (WORC).
Work culture in the Cayman Islands
In contrast to the laid-back island lifestyle, the work culture in the Cayman Islands is rather conservative. Respect for authority and those in senior positions is vital, and expats should always be courteous and formal in the workplace.
Company structures are hierarchical rather than egalitarian, but employees' input is nonetheless valued and taken into consideration.
►See Banking, Money and Taxes in the Cayman Islands for information about the currency
Are you an expat living in Cayman Islands?
Expat Arrivals is looking for locals to contribute to this guide, and answer forum questions from others planning their move to Cayman Islands. Please contact us if you'd like to contribute.
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