HAMILTON, Bermuda – The Bermuda government says investments totalling more than US$600 million had been invested in the local economy.
Economy and Labour Minister, Jason Hayward.The Ministry of Economy and Labour said that the continued success of the Economic Investment and Residential Certificate (EIRC) programme, highlights investor confidence in e Bermuda and the positive impact on the economy.
“The Economic Investment and Residential Certificate Policy remains an essential tool in supporting economic activity and strengthening global confidence in Bermuda,” said Economy and Labour Minister, Jason Hayward.
“The objective of the EIRC is to harness immigration as a catalyst for growth. The results speak for themselves, this programme has continued to attract high-value investment that supports jobs, fuels business activity, and reinforces Bermuda’s position as a premier place to live and invest.”
He said that as of November 5 this year, the EIRC Policy had generated over $604.9 million in total associated investments across several key sectors, representing a substantial contribution to Bermuda’s economy.
Hayward noted that EIRC holders are required to invest a minimum of US$2.5 million into Bermuda’s economy, but most invest significantly more.
“Affluent individuals continue to choose Bermuda because we offer safety, stability, a sophisticated regulatory environment, and a globally connected jurisdiction. These investments, across real estate, business ventures, and other sectors, demonstrate continued global confidence in our island and in the Government’s ability to lead.”
The Ministry said that it would continue to monitor and manage the EIRC Policy to ensure it supports Bermuda’s long-term economic and social priorities while attracting individuals committed to making meaningful contributions to the island.
