190 Applications For Residential Certificate
190 applications have been received thus far for the One Year Residential Certificate, with 73 of them being approved so far, Minister of Labour Jason Hayward said.
Minister Hayward said, “Despite a sluggish post-COVID-19 economy and an unprecedented job shortage, this Government has remained steadfast in stimulating the economy and creating jobs for Bermudians.”
“Determined to see immediate improvements in these areas, this Government launched the inaugural Work From Bermuda One Year Residential Certificate over the Cup Match Weekend [30 July – 2 August]. This Certificate allows overseas employers, employees, and even students currently working from home, to work from home in Bermuda.”
“Since that time, we have received an overwhelming response with 190 applications received thus far.”
“Of that number, I can confirm that 73 have been advised that their application has been approved, and of those, three are students looking to continue their education remotely in Bermuda.”
“As a result of this Government’s foresight and progressive approach to growth, we will see an injection in our economy that we would otherwise not have seen. The addition of these individuals in our community will go a long way towards stimulating the economy and helping Bermudians find jobs.”
“In simple terms, where we might have had one new visitor every week for 52 weeks, because of this initiative, we will now have over 70 visitors staying for a whole 52 weeks. And during their stay, they will contribute to our economy by renting apartments, living in hotels, catching taxis, and patronizing local businesses.”
“This is without a doubt great news for Bermuda, and you can expect that this Government will build on the success of this initiative by continuing to look at creative and progressive ways of stimulating the economy and bringing jobs back to our shores.”
Where is the proof of these applications and how 190 people a overwhelming response…Jason stop saying this to the people the so called applications will have no effect on the overall economic problem in this country
“unprecedented job shortage” let’s all stand and clap for the PLP. The COVID works well for you as it gives you a good excuse for your past failings and many are too forgetful or too ill-informed to know that there is a much bigger picture of why we are where we are.
So few applications. 5 days have passed since the first 75 of these were announced%
. So, how many have been successful and granted?
70 actually residing here or just using a digital residency? The America’s Cup had many hundreds living here for several years, including families, yet that was derided by the PLP. The AC also created many local jobs in many areas over the 3 years it took place, another fact the PLP ignores.
Let’s have the PLP provide a quarterly update on the financial impact to Bermuda.
shhh … the PLP cannot stand the truth
“Minister Hayward said, “Despite a sluggish post-COVID-19 economy and an unprecedented job shortage, this Government has remained steadfast in stimulating the economy and creating jobs for Bermudians.””
Ok. But how does allowing 73 foreigners to come here and work remotely create jobs for Bermudians? Are you thinking of the house-keepers?
I will however give the PLP Government credit for following Barbados and introducing this measure. It does have economic value.
Barbados is charging $2000 or $3000 for a family.
Lets be honest, the spending by 73 (or even 190) people will do little to recover the lost revenue of the 1,000′s of residents who have left the Island in recent years whether due to archaic immigration laws or the COVID-19 lock-down.
You are correct however you have to appreciate this is a small step in the right direction.
That said hopefully this step will lead them to the big issue like you mentioned surrounding immigration and the impact this has on the island. Reviewing and decision timeline on a work permit is unworkable and is causing international business to hire elsewhere or when an employee leaves the island the company retains them as a contractor.
“this Government has remained steadfast in stimulating the economy and creating jobs for Bermudians.” Nearly spat out my coffee!
You’re lucky , I had to call my cardiologist for an emergency appointment .
As a result of this Government’s foresight and progressive approach to growth … give us a break, you are just copying barbados!
Tell us how many people are here.
This is without a doubt great news for Bermuda, and you can expect that this Government will build on the success of this initiative by continuing to look at creative and progressive ways of stimulating the economy and bringing jobs back to our shores.” …..
please tell us what the creative and progressive ways are – so sick of soundbites
The PLP Government is going create safe work environments in Victoria Hall and … oh, wait, the PLP Government allowed that building to be sold to foreigners who were going start a crypto business … never mind, I’ve lost my train of logic
funny how when it is a PLP idea, it’s OK to bring lots of expats here ….
How many peoples have left the island as comparison to 73 added so how the economy is affected it’s not gain it just balancing the people who left the island,they were paying rent,buying groceries,paying taxes.
Do you mean the thousands of Bermudians who left the island over the last decade or so due to unemployment social mobility?
This is a good initiative however, this only helps drive up rents leaving middle wage incomers very little options…
PS. 3 of the 73 are students. Bet that really gets the economy moving and creating jobs for Bermudians. You can’t make this stuff up.
By the way, how many highly paid expats have moved off island now that working from home is the norm, and it’s cheaper to locate them back home?
‘foresight and progressive approach to growth’
Oh man, that’s gold. If Jason keeps those laughs coming, he and Famous will be able to start their own comedy club