Bermuda offers Investment Visas designed for foreign investors and entrepreneurs who wish to contribute to the island’s economy through significant financial investments. With its business-friendly environment, tax advantages, and high standard of living, Bermuda has become an attractive destination for investors seeking business opportunities and residency in a world-renowned offshore financial center.
Key Features
- No income, capital gains, or wealth taxes.
- Access to one of the world’s leading offshore financial centers.
- Opportunities to invest in real estate, local businesses, or financial sectors.
- Possibility of obtaining residency based on investment.
Overview of Streams
- Purpose: For foreign investors who wish to contribute to Bermuda’s economy through significant investments.
- Eligibility: Requires a minimum investment of BMD 2.5 million in Bermuda’s economy.
- Duration: The EIC allows the holder to live and work in Bermuda for up to 5 years, with the option to apply for a Residential Certificate (permanent residency) after the 5-year period.
- Others: Investments can be made in real estate, local businesses, government bonds, and charities.
- Purpose: For individuals who have held an EIC for five years and wish to become permanent residents of Bermuda.
- Eligibility: Must maintain the initial investment and meet residency requirements.
- Duration: Permanent, with no need to renew.
- Others: Holders of this certificate can live, work, and retire in Bermuda without any additional immigration permissions.
General Eligibility Criteria
- Must be at least 18 years old.
- Non-Bermudian with a clean criminal record.
- Must invest a minimum of BMD 2.5 million into Bermuda’s economy.
- Must demonstrate sufficient financial resources to maintain oneself and any dependents in Bermuda.
Required Documents
- Completed visa application form.
- Valid passport.
- Proof of financial investment (bank statements, property ownership documents, business investment records).
- Criminal background check.
- Medical examination report.
- Health insurance coverage.
- Proof of accommodation in Bermuda.
Application Process
- Submit Application: Investors must submit their application to the Bermuda Department of Immigration along with all required documents.
- Investment Verification: The Bermuda government will review the investment to ensure it meets the minimum requirement and benefits the local economy.
- Pay Fees: Pay the relevant visa application fees.
- Approval and Issuance: Upon successful approval, the investor will be issued an Economic Investment Certificate (EIC).
- Apply for Residential Certificate: After holding an EIC for 5 years, investors can apply for a Residential Certificate for permanent residency.
Costs (Approximate)
| Visa Type | Application Fee (BMD) |
|---|---|
| Economic Investment Certificate (EIC) | 2,625 |
| Residential Certificate | 2,355 |
Visa Processing Time (Approximate)
| Visa Type | Processing Time |
|---|---|
| Economic Investment Certificate (EIC) | 3-6 months |
| Residential Certificate | 2-4 months |
Key Points to Remember
- Bermuda is a tax haven with no income tax, making it highly attractive for investors.
- Investment in Bermuda requires a minimum of BMD 2.5 million, with options to invest in various sectors such as real estate, businesses, and government bonds.
- Residency can lead to permanent settlement with the Residential Certificate after five years.
Conclusion
Bermuda’s Investment Visas provide a unique opportunity for investors to contribute to a prosperous and economically stable island with substantial tax benefits. With options for permanent residency through investment, Bermuda offers an appealing lifestyle, excellent infrastructure, and a favorable business environment for high-net-worth individuals seeking a secure investment destination.
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