Bermuda's Economic Investment Residential Certificate

Prior to 31 March 2023 an application could be made for an "Economic Investment Certificate" by non-Bermudian individuals who invested at least BM$2.5 million in the island. The certificate was valid for a five years, after which an application could be made for a "Residential Certificate" (EIC). This gave an individual the right to reside in Bermuda indefinitely with their dependants.

On 31 March 2023, the Bermuda Government replaced the EIC with the current "Economic Investment Residential Certificate" (EIRC)[1], which continues to entice high-net worth individuals to Bermuda. The EIRC grants the holder Bermuda resident status from the date of issuance, allowing them to live (and seek employment) in Bermuda and enter and exit freely indefinitely. With the introduction of the EIRC, there is no longer a requirement to wait five years (like under the EIC) after making a "Qualifying Investment" before receiving residency rights.