The Bermuda government recently launched a One-Year Residential Certificate for individuals looking to work or study remotely on the island. Visitors must be at least 18 years old, have health insurance, and supply either proof of employment or enrollment in higher education. In addition, applicants cannot have a conviction for an indictable offense.
The aim of the new initiative is to support local economies without disrupting the job market for citizens. According to the Bermuda government, the opportunity would allow the country to "enhance Bermuda’s digital perception by travelers worldwide, which will produce benefits to the local economy."
The new Year Residential Certificate will officially be open for applications on or before the first of August, 2020.
One-Year Residency Certificates
Bermuda Opens its Doors for Travellers Working-From-Home
Trend Themes
1. Remote Work - The One-Year Residential Certificate in Bermuda opens up opportunities for professionals to work remotely from the island.
2. Digital Nomadism - The new initiative in Bermuda attracts digital nomads who can live and work on the island for a year.
3. Destination Tourism - Bermuda's One-Year Residential Certificate creates an opportunity for the growth of destination tourism, encouraging people to stay longer and contribute to the local economy.
Industry Implications
1. Tourism - The One-Year Residential Certificate in Bermuda can boost the tourism industry by attracting remote workers and digital nomads to stay on the island.
2. Hospitality - Hotels, resorts, and vacation rentals can benefit from the new initiative as digital nomads and remote workers seek accommodations during their one-year stay in Bermuda.
3. Insurance - Insurance companies in Bermuda have an opportunity to offer tailored health insurance packages for individuals applying for the One-Year Residential Certificate.