Created: Dec 08, 2025 03:50 PM (Updated: Dec 08, 2025 03:50 PM)
Jason Hayward, the Minister of the Economy and Labour (Photograph by Blaire Simmons)
Bermuda’s Economic Investment and Residential Certificate programme has brought more than $600 million into the economy, the Government highlighted today.
A spokesman for the Ministry of Economy and Labour said that the scheme, launched in 2021 as a means to encourage investment on the island, has generated more than $604.9 million across several sectors as of November 5.
The figure included $51.7 million in associated investment with existing companies, $219.1 million with new businesses, $287.5 million with real estate, $2.6 million with government bonds and $43.9 million with other ventures.
Jason Hayward, the Minister of Economy and Labour, said: “The EIRC policy remains an essential tool in supporting economic activity and strengthening global confidence in Bermuda.
“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.”
Image from the Government of Bermuda
Mr Hayward noted that the 188 certificate holders are required to invest at least $2.5 million into Bermuda’s economy, but most contribute far more.
He added: “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 spokesman said that the EIRC will continue to be monitored to make sure that it supports Bermuda’s economic and social priorities while attracting people committed to making contributions to the island.
