EIRC Program ‘Surpasses $600M In Investments’
The Ministry of Economy and Labour announced that the Economic Investment and Residential Certificate [EIRC] program has “reached a new milestone, surpassing $600 million of associated investment in the Bermudian economy.”
A Government spokesperson said, “The continued success of the EIRC program, highlighting investor confidence in the Bermuda and the positive impact on Bermuda’s economy.”
“The Economic Investment and Residential Certificate Policy remains an essential tool in supporting economic activity and strengthening global confidence in Bermuda,” said Minister 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.”
The Government spokesperson said, “As of 5 November 2025, the EIRC Policy has generated over $604.9 million in total associated investments across several key sectors, representing a substantial contribution to Bermuda’s economy.
“Minister Hayward noted that EIRC holders are required to invest a minimum of $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,” the Minister added. “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 Government spokesperson said, “The Ministry continues 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.
“For detailed information on the Economic Investment and Residential Certificate Policy, please visit the Bermuda Business Development Agency website at bda.bm.”
Ironic how the PLP take credit for selling Bermuda off to foreigners on the cheap. $2.5m is far too low for real state transactions. No wonder the housing market is so difficult for Bermudians. There are consequences which impact the whole market.
This and all the duty free deals for hotel/real estate development put Bermudians at a huge disadvantage.