With its ideal mid-Atlantic location and existing business community, amenities and infrastructure, combined with its high standard of living and relative shelter from the pandemic, Bermuda will be an attractive destination for globally mobile investors, entrepreneurs, ‘digital nomads’ and post-secondary students.  The initiative is open to applicants from all industries, but many insurance and technology professionals will already be familiar with the island by virtue of its established reputation in those sectors and may be particularly interested in the opportunity to work remotely from Bermuda.

A successful applicant must, among other things, possess valid health insurance coverage and be able to demonstrate employment with a legitimate company, or their own company, registered and operating outside of Bermuda, or have substantial means or a continuous source of annual income.   There is a fee of $263 per applicant. The Government of Bermuda has indicated that the turnaround time will be five working days and that renewals of the certificate (beyond the initial 12 month period) will be permitted on a case-by-case basis.

It is possible for applicants to bring their families, provided each family member submits their own application, and they can enrol their children in local private schools.  Applicants will be able to rent long-term vacation homes and other rental properties. To purchase a property, applicants will need to follow the land licence process and restrictions that are already in place for international purchasers.

Although aimed at remote workers, it is likely that one of the long-term aims of the initiative is to encourage the growth of business and jobs in Bermuda.  Despite the new initiative, successful applicants who are interested in making Bermuda a permanent base for their business will still need to adhere to various legal, regulatory and immigration requirements.

As a full service law firm, Appleby provides comprehensive, expert advice and services across corporate, dispute resolution, property, regulatory and private client and trusts practice areas. Through AGS (Appleby Global Services), Appleby provides a range of administration, reporting and fiduciary services focused on corporate structures. Our dedicated teams of experienced professionals work closely with our legal specialists to provide our clients with an integrated legal and corporate administration offering.

Please contact us to discuss how working from Bermuda could be right for you and for help with submitting your residency certificate application.  We look forward to welcoming you.

See AGS website for Regulatory Information & Privacy Policy info.

Share
Twitter LinkedIn Email Save as PDF
More News
26 Aug 2021 | News

Appleby Bermuda Is An Official Partner Of France Sail Grand Prix Saint-Tropez

Leading offshore law firm Appleby is an Official Partner of the upcoming France Sail Grand Prix. Sai...

Contributors: Brad Adderley
12 Aug 2021 | News

Appleby Bermuda Provides Summer Internships Across Practice Groups

Leading offshore law firm Appleby is delighted to provide internship opportunities to eight Bermudia...

10 Aug 2021 | News

Appleby Bermuda Awards 2021 Scholarships and Bursaries

Appleby’s Bermuda office is pleased to award four education scholarships and bursaries in 2021. Th...

26 Jul 2021 | News

Appleby Receives High Rankings in Chambers’ Annual High Net Worth Guide 2021

Lawyers from Appleby’s Bermuda, Cayman Islands and Jersey Private Client & Trusts practices ha...

30 Jun 2021 | News

Appleby team helps restore Warwick Pond’s native Bermudian ecosystem

Leading offshore law firm Appleby organised an employee volunteer day at Sherwin Nature Reserve to s...

11 Jun 2021 | News

Appleby And AGS To Sponsor And Speak On ESG And LATAM Panels At Bermuda Captive Conference

Appleby and Appleby Global Services (AGS) are pleased to once again sponsor the annual Bermuda Capti...

Contributors: Eduardo Fox
27 May 2021 | News

Appleby And AGS Bermuda Featured As Sponsors And Speakers At International Trusts Conference

Appleby and Appleby Global Services (AGS) are pleased to once again sponsor the Transcontinental Tru...

Contributors: Caljonah Smith
21 May 2021 | News

Appleby Global Services to sponsor 46th Bermuda Festival of the Performing Arts

Appleby Global Services (AGS) Bermuda are pleased to once again sponsor the Bermuda Festival of the ...

22 Apr 2021 | News

Appleby Donates $25,000 to Bermuda Hospital Vaccination Clinic

Leading offshore law firm Appleby has donated $25,000 to the Bermuda Hospitals Charitable Foundation...