In a bid to attract new business, British Overseas Territories are keeping a close eye on the implementation and effect of the new security legislation in Hong Kong.
Bermuda‘s Financial Policy Council has noted that residency rules and immigration policies are key issues that must be dealt with as the territory strives to overcome the economic challenges caused by the coronavirus pandemic.
One of Bermuda's leading businessmen has proposed a scheme to encourage high net worth individuals to invest in the island in exchange for permanent residency.
Located as it is in the middle of the Atlantic Ocean, Bermuda may have a slight advantage over some of the other British Overseas Territories when it comes to monitoring its borders during the pandemic.