The ruling One Bermuda Alliance (OBA) has dropped the idea of introducing commercial immigration in a bid to beef up this British Overseas Territory’s struggling economy.
The OBA floated the idea In 2013, a year after it took power following its general election victory over the Progressive Labour Party (PLP), but it received a lukewarm reception from the public.
A t the time, the government said it was considering the scheme which would allow individuals to gain some residential and citizenship rights in Bermuda if they made a sizeable investment in the island.
More than 20 countries have implemented some form of commercial immigration, including St Kitts and Nevis, Antigua and Barbuda, the United States, United Kingdom and Canada.
But Tourism Minister Michael Fahy has told the Senate that the administration had not been able to find a workable option.
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