I know, I know, it seems way too good to be true, but according to a new report from The Lonely Planet, Bermuda is offering year-long residencies for digital nomads looking to stay in the Atlantic island nation. Giving the term ‘self-isolation’ a whole new meaning, everyone is invited to the remote location, with white sands and turquoise blue waters at any given glance.
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In the midst of the global health crisis, the Bermuda Government hopes to stimulate the economy through temporary residents who are expected to spend money on hospitality and accommodation, without displacing Bermudians in the workforce. You must be visiting the island with the intention to work remotely or study.
Other requirements include being over the age of 18, be of “good character”, and able to supply proof of employment and pay for 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 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.”
A residency certificate needed to live in Bermuda will set you back $273 USD (or approximately $381 AUD). You will need to apply by August 1, here.