Bermuda is in the process of re‑examining its investor‑residency programme, a move that could reshape the island’s approach to foreign investment and tourism. The programme, which has granted residency to individuals who commit a substantial investment to local enterprises, has long been viewed as a way to diversify the economy beyond the traditional insurance and reinsurance sectors.

Since its launch in 2015, the scheme has attracted a steady stream of international investors, many of whom stay on the island to enjoy its high‑end real‑estate market and year‑round sunshine. The influx of capital has helped fund infrastructure projects, boosted real‑estate values, and created ancillary jobs in hospitality and retail. However, critics argue that the programme has limited impact on the broader labour market and may exacerbate housing affordability issues for locals.

Government officials say the review will consider tightening eligibility criteria, increasing the investment threshold, and linking residency more closely to long‑term business development plans. The Department of Economic Development expects the revised framework to generate higher quality jobs and to better align investor activity with the island’s strategic growth priorities. A public consultation period will run through the summer, after which the revised policy will be presented to Parliament for final approval.

The outcome of this review is likely to influence Bermuda’s competitive edge as a destination for high‑net‑worth individuals and will be closely watched by both local businesses and the wider Caribbean investment community.