Digital nomads put an estimated $28 million into economy
The Work from Bermuda programme launched two years ago yesterday has brought more than $28 million into the island, the Ministry of Economy and Labour announced.
A spokesman said that the Government had taken in 1,315 applications, with 1,127 approved.
There are 234 WFB certificate holders or “digital nomads” living in Bermuda.
Aside from boosting economic activity on the island, the programme was credited with enhancing Bermuda’s brand and reputation as a travel destination and place to live.
The spokesman said that the ministry had been “encouraged” by the volume of new applications each week, along with digital nomads choosing to renew their stay for an additional year.
Only businesses outside the island can employ certificate holders so as to protect local jobs.
Applicants must show that they possess the means to support themselves financially while working in a non-Bermudian-based or a non-Bermudian-registered legal entity or partnership.
Holders can also complete their postsecondary studies from Bermuda.
Promoting the programme continues through the Bermuda Business Development Agency and the Bermuda Tourism Authority.
Applications for the certificate can be made online via the Government’s forms.gov.bm portal.
Eligible people from overseas are also able to apply online for permission to reside on an annual basis, which can be given for up to five years.
The programme was said to have proved attractive to retirees, to dependents of work-permit holders and to owners of hotel and tourist accommodations.