Bermuda government overhauls work permit regulations
The Bermudan government plans to overhaul work permit regulations to enable the reduction of red tape to demonstrate that the island is open for business.
Home Affairs Minister Michael Fahy says the revisions were compiled by the government after extensive consultation.
And he says they are designed to attract foreign businesses to Bermuda and include the creation of new categories of work permit for exempt companies.
The changes could come into effect by the end of the year.
A new Bermuda Employment Visa will allow exempt companies to employ some foreigners without needing to advertise or to apply for a standard work permit, although companies applying for such visas will have to be accredited.
A new Global Entrepreneur Work Permit will allow entrepreneurs looking to start up a business in Bermuda to obtain a work permit and the right of residency on the island while they are setting up their business.
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