Source document
Ministerial Statement: Update on Economic Investment Certificate in Bermuda (15 July 2022)
Has everything in it been taken?
CompleteReviewed 8 Oct 2026
Reviewed. Everything in it that belongs in the tables has been taken.
What the document holds
Ministerial statement to the House of Assembly, 15 July 2022, 4 pp.: as of 11 July 2022 $349,644,195 invested since 1 March 2021, incl. $94,180,923 real estate and $255,463,272 new and existing businesses (these two parts add up to the total); 19 applications approved covering 48 persons; pipeline of over 41 persons with expressions of interest and over $88 million of pipeline investment; $2.5m minimum; five-year path to RC; qualifying investments; five-business-day turnaround for approvals; BDA promotion; "nearly $350 million ... after 16 months" restates the total. Added: expressions of interest (41), pipeline investment ($88m), processing time (5 business days). The rest already in the data.
What it supports
8 rows on this site come from this document. Each one opens with the page and the exact words.
Numbers (8)
- Applications approved19 applications2021-03-01/2022-07-11 · Bermuda House of Assembly 2022Reported by othersBermuda · Economic investment residential certificate
- Expressions of interest submittedLimit: 41 persons2022-07-15 · Bermuda House of Assembly 2022Reported by othersBermuda · Economic investment residential certificate
- Investment by programme investorsBMD 349,644,1952021-03-01/2022-07-11 · Bermuda House of Assembly 2022Reported by othersUnit not printedBermuda · Economic investment residential certificate
- Investment by programme investorsRoute: Real estateBMD 94,180,9232021-03-01/2022-07-11 · Bermuda House of Assembly 2022Reported by othersBermuda · Economic investment residential certificate
- Investment by programme investorsRoute: BusinessBMD 255,463,2722021-03-01/2022-07-11 · Bermuda House of Assembly 2022Reported by othersBermuda · Economic investment residential certificate
- Investment intended (pipeline)Limit: BMD 88 million2022-07-15 · Bermuda House of Assembly 2022Reported by othersUnit not printedBermuda · Economic investment residential certificate
- Investor residence permits issued48 persons2021-03-01/2022-07-11 · Bermuda House of Assembly 2022Reported by othersBermuda · Economic investment residential certificate
- Processing time5 days2022-07-15 · Bermuda House of Assembly 2022Reported by othersBermuda · Economic investment residential certificate
About the document
What it covers Cumulative investment ($349.6m) split real estate / business, 19 approved applications covering 48 persons, as of 11 July 2022.
Notes Statement to Parliament; figures are the Ministry's own, not audited.
Source id bmu-parl-ms-eic-2022 · accessed 2 Oct 2026