Government Fees Amendment and Validation Act

What this bill does

This bill officially sets a $2,625 government fee for people who want permission to live in Bermuda through the economic investment certificate program. It also makes previously collected fees under this program legally valid by fixing a technical error in how they were charged.

If passed (voted YES)

• The government can legally charge $2,625 for residence permission tied to economic investment certificates
• People who already paid this fee won't have to worry about refund claims or legal challenges
• The fee structure becomes properly organized and clearly defined in the regulations

If rejected (voted NO)

• There would be no official fee set for economic investment residence permits, creating uncertainty
• Previously collected $2,625 fees might be legally questionable and could face challenges
• The government fee structure would remain incomplete for this type of residence application

Who it affects

This primarily affects wealthy individuals seeking to live in Bermuda through economic investment programs, and secondarily affects the government's ability to collect fees and organize its immigration fee structure properly.