The Cayman Islands Government says it is “closely monitoring” developments in Bermuda after the six-year Term Limit for work permit holders was scrapped. Cayman presently has a seven-year term limit, and changes to the policy have been a subject of discussion in the Overseas Territory.

[A local media house] reports that the Cayman Islands government is “taking notice” of Bermuda’s decision to abolish Term Limits, with the Deputy Premier calling it a matter of “urgent importance.”

Speaking on immigration reform, Cayman’s Deputy Premier Rolston Anglin said, “I would hope that members would see this as an issue urgent importance … because we certainly would not want any of our competition getting ahead of us.”

Earlier this week, Minister of Home Affairs Michael Fahy said Government will eliminate the 6-year Term Limit Policy “with immediate effect,” with the aim of sparking economic growth and creating jobs for Bermudians.

The move was welcomed by the Chamber of Commerce and Bermuda Employers’ Council, while the Opposition PLP noted that the One Bermuda Alliance had pledged to suspend Term Limits for two years — rather than ending them — and asked what happened to the suspension.

For more on this story go to:

bernews.com/2013/02/cayman-dont-want-competition-ahead-of-us/