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
24 Jun 2022 | News

Gold Sponsor Appleby to Speak on Three Panels at Bermuda Trusts Conference

Appleby is pleased to be a Gold sponsor of the Transcontinental Trusts: Bermuda 2022 conference on 2...

21 Jun 2022 | News

Vanessa Schrum to Co-Chair and Speak at Private Client Exchange Bermuda 2022

Vanessa Schrum, Appleby partner and Group Head of the Private Client and Trusts department in Bermud...

1 Jun 2022 | News

Navigating Sanctions: Expansion of Russian Sanctions Regime in Bermuda

Bermuda entities should carefully assess their business in light of rapidly evolving financial and t...

Contributors: Sally Penrose
1 Jun 2022 | News

Economic Substance Update: Compliance Reviews, Proposed Penalties and Filing Declaration Preparations

On 16 May 2022, Bermuda’s Registrar of Companies (Registrar) announced that reviews of Bermuda ent...

Contributors: John Wasty
18 Apr 2022 | News

New Dispute Resolution Lawyer Joins Appleby Bermuda

Appleby Bermuda is delighted to welcome new Associate Justin Lafferty to its growing and specialised...

4 Apr 2022 | News

Bermudian Duncan Card Joins Appleby As Partner

Appleby is delighted to announce Bermudian Duncan Card, a leading commercial lawyer that was based i...

1 Apr 2022 | News

Appleby announces new Partners and Counsel promotions

Appleby announces the promotion of two Partners and the appointment of five lawyers to the position ...

24 Mar 2022 | News

Ojeda Smith Joins Appleby Trainee Programme

Hamilton, Bermuda – 24 March 2022 - Appleby is pleased to welcome Ojeda Smith to its legal trainee...

8 Mar 2022 | News

Appleby Celebrates International Women’s Day on 8 March 2022

Appleby marks the day with 2022 campaign theme #BreakTheBias.

4 Mar 2022 | News

Appleby Bermuda Supports Week-Long Tech Summit Events

Hamilton, Bermuda – 4 March 2022 - Appleby announced its sponsorship of the annual International T...