Remember, a critical component to this working is that it's <i>really</i> expensive to get to Svalbard in a way that doesn't require a Schengen visa.
> Everybody may live and work in Svalbard indefinitely regardless of country of citizenship. The Svalbard Treaty grants treaty nationals equal right of abode as Norwegian nationals. Non-treaty nationals may live and work indefinitely visa-free as well.
The freedom sounds interesting, the latitude deserves a second thought.<p><pre><code> Longyearbyen (Administrative centre and largest town), Svalbard
78°13′N 15°39′E
Nuuk (Capital and largest city), Greenland
64°10′N 51°44′W</code></pre>