Iceland isn’t the first place to lure the work-from-anywhere set
with long-stay waivers. Bermuda, Barbados, the Cayman Islands, and Estonia have also used the strategy to garner foreign revenue during the tourism-depressed pandemic. But Iceland’s pitch is unique in that it caters strictly to the wealthy (not that the destination was ever a budget option). Bermuda, for instance,
requires little more than a $263 application fee for those who want to swap their humdrum quarantine life for a temporary-ish island adventure. Iceland requires proof of a 1 million Icelandic krona ($7,360) monthly salary, or about $88,000 a year, and applicants must meet supplemental health insurance requirements.