Offshore financial centre Bermuda is historically one of the more closely guarded locations in the Caribbean when it comes to property ownership and residency. Houses are highly sought after amongst the super wealthy and prices are high, with condominiums making popular alternatives for second homes or retirement.
In 2021, Bermuda launched a residence permit by investment programme with a minimum investment of $2.5 million. Of the five investment options available, this includes the purchase of commercial or residential real estate. If the application is approved, permit holders get an Economic Investment Certificate valid for five years. There is a fee for the certificate, but the holder is free to live, work and do business on the islands as long as terms & conditions are met, which includes investment for a minimum of five years and spending at least 90 days a year in Bermuda.
In 2021, Bermuda launched a residence permit by investment programme with a minimum investment of $2.5 million. Of the five investment options available, this includes the purchase of commercial or residential real estate. If the application is approved, permit holders get an Economic Investment Certificate valid for five years. There is a fee for the certificate, but the holder is free to live, work and do business on the islands as long as terms & conditions are met, which includes investment for a minimum of five years and spending at least 90 days a year in Bermuda.