The Economic Investment Residential Certificate (EIRC) is designed to foster sustained economic development in Bermuda by attracting significant international investment. This initiative focuses on drawing foreign capital into key sectors, particularly real estate and local enterprises. The EIRC grants successful applicants the right to reside in Bermuda, streamlining the process of relocating and investing on the island.
Eligibility and Investment Criteria
To be eligible for the EIRC, applicants must commit a minimum investment of $2.5 million. This investment can take various forms, including:
- Purchasing residential property that meets or exceeds the minimum Annual Rental Value (ARV) requirement.
- Investing in Bermudian businesses, infrastructure developments, or other approved financial assets.
- A combination of real estate and other qualifying investments that collectively meet the $2.5 million threshold.
For more information, please click the link below:
https://www.gov.bm/articles/update-economic-investment-certificate