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COVID-19 FAQs: Guidance On Financial Assistance

Cayman Islands Government
Published: July 13 2020
Last Updated: September 30, 2020

Financial Support for Persons affected by the COVID-19 Crisis

This section covers financial support for persons affected by COVID-19 in the Cayman Islands. If your income has been affected due to COVID-19, you may be eligible for financial support from the Government. Click the links below to access the relevant section.

  1. Applying for Needs Assessment Unit (NAU) Assistance
  2. Pensions
  3. Applying For The Displaced Caymanian Tourism Stipend Programme

  4. Cayman Islands Centre For Business Development
  5. More questions

 

 

 

Applying for Needs Assessment Unit (NAU) assistance

If you fit the following categories, you may be eligible for ongoing assistance from the Needs Assessment Unit (NAU):

  • Caymanian or Cayman Status Holder
  • Combined household income of less than $3,000 per month
  • You have neither withdrawn nor are asking to withdraw from your pension funds

 

To register for NAU support, visit http://www.gov.ky/portal/page/portal/nauhome/publications/pre-assessment-form.

For further information call the Unit at 946-0024 (GC) or 948-8758 (CB).

 


 

Pensions Holiday  & Pensions Withdrawal

As per the National Pensions (Amendment) Law, 2020, in the Cayman Islands there is a pension holiday until 30 September 2020 and you may withdraw your pension until 31 October 2020.

Both Caymanian and non-Caymanian employees and self-employed persons will be allowed to withdraw funds from their pension accounts with the exception of persons that have claimed normal or early pension entitlement aka "normal or early retirement".

Public servants with pension contributions under the National Pensions Law that were paid by a statutory authority or government company are also not eligible to withdraw their pension contributions.

Read more about this here.

Applying For The Displaced Caymanian Tourism Stipend Programme

 

The Ministry of District Administration, Tourism and Transport reopened registration for the Displaced Caymanian Tourism Stipend programme on Monday, 14 September. This was aimed to assist Caymanians who worked in the Tourism sector and have been displaced due to the COVID-19 pandemic.

Displaced Caymanian tourism employees who have not previously applied could register for the stipend programme provided that they meet the following criteria:

  • Caymanian Citizen (this does not apply to permanent residents)
  • Worked in the Tourism sector
  • No longer working full-time
  • Did not apply for the stipend programme previously 

The application was to be completed online at stipend.ourcayman.ky. Deadline for registration was September 30th.

Individuals who have previously been granted this stipend need not re-apply. They will receive an extension automatically.

 

Cayman Islands Centre for Business Development

The Cayman Islands Centre for Business Development has moved into another phase of support packages for micro and small businesses. Support packages are now available to cover wages, digital enablement, commercial rent assistance, business continuity plans among other areas for micro and small businesses.

Micro businesses may apply for support not exceeding $10,000, and up to $20,000 is available for small businesses. Learn more

 

 

 

Still have Questions?

Visit our Get Help page.

 

Tags: FAQs, Guidance

Cayman Islands Government, Government Admin Building, Grand Cayman, Cayman Islands, Tel: 345 949 7900

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