Source document
The Economic Investment Residential Certificate Policy (January 2023)
Has everything in it been taken?
CompleteReviewed 9 Oct 2026
Reviewed. Everything in it that belongs in the tables has been taken.
What the document holds
EIRC Policy (January 2023), 5 pp., effective 31 March 2023: replaces the 2021, 2015 and 2003 policies; RC under s.32(5) BIPA with indefinite residence and automatic work permit approval for the investor's business; qualifying investment of at least BD$2,500,000 in eight listed forms (bonds held 5 years); applicant at least 18; character and health conditions; investment kept 5 years and 90 days a year residence for 5 years, verified by year 5; dependants (children to 18, or to 25 in higher education); death/divorce; retroactive approval for EIC holders; restricted-person land licence; appeal within 7 working days; revocation grounds (fraud, 2+ year sentence, 2 years continuous absence); fee $2,625; earlier RCs keep old rules. No statistics. Added: 6 terms and 1 event; BD$2.5m minimum and the $2,625 fee are already recorded in the notes of t-bc7b254ed4 and t-0cd7363d67. Rules restated from other sources are now recorded from this document too (decision 8).
What it supports
12 rows on this site come from this document. Each one opens with the page and the exact words.
Rules and prices (10)
- Any qualifying investmentmain applicant (spouse and dependants included)BMD 2,500,000Since 31 Mar 2023 · Bermuda Economy Ministry 2023Bermuda · Economic investment residential certificate
- Certificate feeper certificateBMD 2,625Since 31 Mar 2023 · Bermuda Economy Ministry 2023Bermuda · Economic investment residential certificate
- Maximum continuous absenceRC holder living outside Bermuda continuously without the Minister's prior leave (ground for revocation)2 yearsSince 31 Mar 2023 · Bermuda Economy Ministry 2023Bermuda · Economic investment residential certificate
- Prison sentence that can lead to revocationRC holder convicted of a crime with a prison sentence of at least this length (ground for revocation, served or suspended)2 yearsSince 31 Mar 2023 · Bermuda Economy Ministry 2023Bermuda · Economic investment residential certificate
- Time government bonds must be heldinvestor choosing Bermuda Government bonds5 yearsSince 31 Mar 2023 · Bermuda Economy Ministry 2023Bermuda · Economic investment residential certificate
- Holding period for the investmentRC holder: qualifying investment kept at a value of at least $2,500,0005 yearsSince 31 Mar 2023 · Bermuda Economy Ministry 2023Bermuda · Economic investment residential certificate
- Time limit for an appealappeal against the Minister's decision, to the Immigration Appeal Tribunal7 working daysSince 31 Mar 2023 · Bermuda Economy Ministry 2023Bermuda · Economic investment residential certificate
- Minimum ageapplicant18 yearsSince 31 Mar 2023 · Bermuda Economy Ministry 2023Bermuda · Economic investment residential certificate
- Maximum age of a dependent childchild dependant enrolled in higher education (otherwise 18 or younger)25 yearsSince 31 Mar 2023 · Bermuda Economy Ministry 2023Bermuda · Economic investment residential certificate
- Required physical presenceRC holder, in each calendar year for 5 years after the grant90 days per yearSince 31 Mar 2023 · Bermuda Economy Ministry 2023Bermuda · Economic investment residential certificate
About the document
What it covers Full policy text: legal basis (s.32(5) BIPA 1956), BD$2,500,000 qualifying investment, 5-year hold and 90-day residence, $2,625 fee, revocation.
Notes The BDA URL now returns 404; raw/ is the Wayback capture (2023).
Source id bmu-mel-eirc-policy-2023 · accessed 2 Oct 2026