This program, introduced in August 2020, was part of a global
trend during the height of the COVID-19 pandemic to attract remote
professionals seeking a change of scenery. The scheme was popular
– and the application process relatively straightforward
– with the Bermuda Government reporting around 1,800
participants. However, the Government has recently announced that
it will be "transitioning back to multi-year residency
applications for individuals who wish to reside in Bermuda".
Termination of the scheme marks a significant shift in
Bermuda's approach to remote working and residency with the
Government stating that the "transition aligns with the
Government's long-term economic strategy and housing policies,
as it will help ensure more housing is available for
locals".
