Opportunity for Year-Long Residencies in Bermuda

Those seeking a change of scene may be intrigued by Bermuda’s initiative offering year-long residencies to remote workers and students from various nationalities. This picturesque island nation, located in the North Atlantic Ocean, is famed for its stunning pink-sand beaches. The COVID-19 pandemic has greatly affected the local economy, leading to significant unemployment and reduced economic activity.

Residency Initiative to Boost Economic Activity

The Bermuda Government is proactively offering year-long residencies to individuals who wish to establish their base there for remote work or study. This initiative aims to stimulate economic activity, as the new temporary residents will contribute to the local economy by spending on hospitality and accommodations, all while ensuring that Bermudians remain engaged in the workforce.

Eligibility Criteria for Applicants

Individuals interested in this opportunity must meet several criteria:

• Must be over 18 years old.
• Required to possess “good character.”
• Must provide proof of employment and health insurance.
• If a student, must show enrollment in a research, undergraduate, graduate, or doctorate program.
• Must demonstrate sufficient means and/or a continuous source of annual income, without the need to seek employment in Bermuda.

According to Bermuda’s Minister of Labor, Jason Hayward, “There are persons who are location-independent, using technology to perform their job no matter where they are. 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, which the Bermuda Government has been examining as part of its technology-focused economic diversification strategy.”

Application Details and Costs

The residency certificates are priced at $263 (€227). Applications are to be submitted via the government’s website here by August 1. Furthermore, it has been announced that the maximum stay period for all visitors will be extended from 90 days to 180 days.

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