Section 34Part 4 — Permanent Residence and Extended Residence Categories
Residency Certificate for Persons of Independent Means
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34. (1) A person of independent means who has attained the age of eighteen years and who satisfies the requirements of this section may apply to the Chief Immigration Officer for a Residency Certificate for Persons of Independent Means.
An applicant under this section shall be granted a Residency Certificate for Persons of Independent Means, without the right to work, valid for twenty-five years and renewable thereafter at the discretion of the Chief Immigration Officer, if he satisfies the Chief Immigration Officer that —
he has no serious criminal conviction;
he is in good health and possesses adequate health insurance coverage; and
he has attained the financial standing required by subsection (3).
The applicant will be deemed to have attained the financial standing referred to in subsection (2) if, as a minimum he can show that he has —
a continuous source of annual income in the prescribed amount without the need to engage in employment in the Islands;
invested the prescribed sum in developed residential real estate in the Islands; and
made other local investments in the prescribed amount.
Referenced By
- Section 29 — Categories of permanent residence
Subject to sections 34 and 34A
- Section 29 — Categories of permanent residence
Subject to sections 34 and 34A
- Section 30 — Persons legally and ordinarily resident in the Islands for at least eight years
Certificate issued under subsection (6) or section 34
- Section 30 — Persons legally and ordinarily resident in the Islands for at least eight years
Certificate issued under subsection (6) or section 34
- Section 30 — Persons legally and ordinarily resident in the Islands for at least eight years
Certificate issued under subsection (6) or section 34
- Section 37 — Revocation of Residency Certificate for Persons of Independent Means
he fails to maintain his financial standing stipulated in section 34