What changed in Bermuda

A mature, purpose-built digital asset licensing regime backs the tax-free personal position

Crypto tax and legal status

The exempted company is the standard vehicle, with full foreign ownership and no local shareholding requirement

Moving your company

No income tax, capital gains tax, wealth tax, inheritance tax or VAT

Personal income tax

The line between crypto investing and running a taxable digital asset business is undefined

Crypto tax and legal status

Bermuda has adhered to the CARF Joint Statement, only the domestic rules are still unpublished

Crypto tax and legal status

Crypto paid as salary is payroll-taxable remuneration

Crypto tax and legal status

There is no crypto tax in Bermuda because there is no tax that could reach it

Crypto tax and legal status

The 15 percent Corporate Income Tax reaches only EUR 750 million-plus MNE groups

Moving your company

Buying Bermuda property means a licence, a 12.5 percent fee, and a 4-6 month wait

Leaving home: exit tax and ties

Land tax is marginal, not flat, even on a minimum-ARV foreign-eligible property

Leaving home: exit tax and ties

Estate stamp duty runs to 20 percent, and non-Bermudians get no homestead relief

Leaving home: exit tax and ties

There is no general naturalisation pathway to Bermudian status

Permanent residency and citizenship

Permanent Resident's Certificate is closed for a decade, open after 20 years under section 31ZA

Residency routes

The $75,000 income floor is a legal minimum, not a liveable one

Residency routes

The Economic Investment Residential Certificate buys indefinite residency for $2.5 million

Residency routes

48 job categories are closed and 17 restricted, a generalist has no work permit route

Residency routes

Permission to Reside on an Annual Basis: $75,000 income, a MINIMUM of 90 days, and an absolute bar on Bermuda employment

Residency routes

The mandatory Standard Premium Rate rises to $439.55 a month from 1 April 2026

Healthcare coverage

No public healthcare and no reciprocal arrangement with any roster country

Healthcare coverage

Contributions come back as a gratuity at 65 if you fall short of a pension

Pension

Non-Bermudian pension enrolment is voluntary, at the employer's option

Pension

No social security agreement with any roster country means your contribution record simply stops

Social security

Social insurance is a flat $75.30 a week, brutally regressive at the bottom

Social security

The one US-Bermuda tax convention gives individuals nothing

Personal income tax

A foreign currency purchase tax of around 1.25 percent applies to bank currency conversions

Personal income tax

Customs duty, typically 25 percent, is the real consumption tax

Personal income tax

The inversion is structural: Bermuda will not tax you, but your home country probably still will

Tax residency

Bermuda has no personal income tax and therefore no statutory tax residency test

Tax residency

Payroll tax stacks employer and employee portions to roughly 20-22 percent at the margin, capped at $1,000,000

Employer payroll obligations

Past four weeks, payroll tax liability is statutory but the collection machinery is largely absent

Employer payroll obligations

Under four consecutive weeks of Bermuda work, there is no payroll tax exposure at all

Employer payroll obligations

A foreign employer faces low permanent establishment risk outside the MNE regime

Permanent establishment risk

Remote work for a genuinely overseas employer is permitted by omission

Right to work

Being British buys nothing in Bermuda immigration

Immigration and visa

The Work From Bermuda digital nomad certificate is dead, despite what older guides say

Immigration and visa

Visitor stays run up to 180 days in any 12-month period

Immigration and visa

Indonesian nationals need a valid Canadian, UK or US visa to board for Bermuda

Immigration and visa

Visa-exempt roster nationals enter Bermuda on passport alone

Immigration and visa