WHAT IS A PERMANENT RESIDENT’S CERTIFICATE (PRC)?
If you have a Permanent Resident’s Certificate (PRC), you have the right to live and work in Bermuda and to purchase property in Bermuda. There is no minimum ARV (Annual Rental Value) requirement on houses or condos, but one cannot purchase a condo that was government sponsored such as Loughlands. The normal conveyance stamp duties and legal fees will apply as will other stand closing costs. Additionally, there is a requirement of a license and applicable license application and fees.
Go here to learn more about the Bermuda PRC program and its eligibility requirements.
Coldwell Banker Bermuda Realty has more experience working with PRC buyers than any other firm. Just complete the form at the bottom of this page to schedule a free confidential consultation with one of our PRC specialists.
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