Those looking for a change of scene may be interested in Bermuda's offer of year-long residencies to remote workers and students from other nationalities. The island nation in the North Atlantic Ocean is known for its pink-sand beaches, and the COVID-19 pandemic has had a significant impact on the local economy, resulting in mass unemployment and decreased economic activity.
The Bermuda Government is offering year-long residencies to people who wish to base themselves there for remote work or study purposes. It hopes the scheme will stimulate economic activity as the new temporary residents will spend money on hospitality and accommodation, without displacing Bermudians in the workforce.
Those interested in the scheme must be over 18, of "good character," and able to supply proof of employment and health insurance. If they are students, they must be able to demonstrate that they are enrolled in a research, undergraduate, graduate or doctorate program.
They must also demonstrate sufficient means and/or a continuous source of annual income, without the need to engage in employment in Bermuda. “There are persons who are location-independent, using technology to perform their job no matter where they are," said Bermuda's minister of labor, Jason Hayward. “Such persons work remotely, telecommuting rather than being physically present at a company’s headquarters or office. Remote working has been a growing trend for some time and is something the Bermuda Government has been examining as part of its technology-focused economic diversification strategy.”
The residency certificates cost $263 (€227) and applications should be submitted via the government’s website here by 1 August. It has also been announced that the maximum stay period for all visitors is to be extended from 90 days to 180 days.
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