Intelligence

On March 31, 2023, the Bermuda Government replaced its previous tool intended to attract capital to the island, through residency incentives, with the Economic Investment Residential Certificate programme.

A home can be gifted to a spouse, or the next generation either during an owner's life, or as an inheritance. Either way has pros and cons, including stamp duty (tax) considerations.

After agent guidance there can be some haggling over price and then the terms and conditions are written and signed.

Bermuda's new "Economic Investment Certificate and Residential Certificate Policy" allows non-Bermudian individuals who make a "qualifying investment" of at least BM$2.5 million in Bermuda to receive the right to live and work ...

Vanessa Schrum reviews recent amendments to Bermuda's trust laws which are intended to modernise ‘firewall' provisions and restore a settlor's freedom of disposition with respect to children.

Covid-19 has clearly had a huge impact on both landlords and tenants of commercial premises.