Moving to Bermuda: taxes, residence and life
How to become tax resident in Bermuda: personal, dividend and corporate tax, 6 residence programmes, days needed, climate, safety and economy — compared with 194 countries.
Taxes
In Bermuda the top income tax rate is 0%, dividends are taxed at up to 0% and companies pay 0% corporate tax.
How to move and become tax resident
You can become tax resident in Bermuda from arrival once you take up residence (Residential certificate or work permit + home; no tax residence test). The typical route is Economic Investment Residential Certificate (EIRC): BM$2.5m investment (real estate, business, sinking fund) + US$25k charity (2026 policy) + US$10k BDA fee; good character There are 6 open residence programmes in Bermuda — see the list below.
Living there
Hamilton has a humid subtropical climate with winter highs around 20.4 °C and summer highs around 30.1 °C. The economy grew +1.5% in 2025; the IMF forecasts 1.5% for 2026. Its passport opens about 162 countries without a visa in advance. Security: No conflict exposure.
Key facts
| Top income tax | 0% |
|---|---|
| Dividend tax | 0% |
| Corporate tax | 0% |
| Tax residence | from arrival — Residential certificate or work permit + home; no tax residence test |
| Typical residence route | Economic Investment Residential Certificate (EIRC) — BM$2.5m investment (real estate, business, sinking fund) + US$25k charity (2026 policy) + US$10k BDA fee; good character |
| Passport | visa-free or on arrival to 162 countries |
| Economic growth | +1.5% (2025), forecast 1.5% (2026) |
| Climate type | humid subtropical · 20.4° / 30.1° (Hamilton) |
| War & conflict | none — No conflict exposure |
| All natural hazards | 4/10 |
| Banking strength | 8/10 · A+ |
| Property protection | 8/10 |
| Warm homes in winter | 8.5/10 |
Residence programmes in Bermuda
- Economic Investment Residential Certificate — Investment CHF 2'000'000
- Permission to Reside on an Annual Basis — independentMeans
- Residential Certificate (property owners) — investment
- Work Permit — employment
- Permanent Resident's Certificate — other
- Spouse of a Bermudian (residence and employment rights) — family
Frequently asked questions
How many days do I need to spend in Bermuda to become tax resident?
from arrival. Residential certificate or work permit + home; no tax residence test No PIT; payroll tax on local employment; residential certificate via investment
How much tax will I pay in Bermuda?
In Bermuda the top income tax rate is 0%, dividends are taxed at up to 0% and companies pay 0% corporate tax.
Which residence programmes does Bermuda offer?
Economic Investment Residential Certificate (CHF 2'000'000); Permission to Reside on an Annual Basis; Residential Certificate (property owners); Work Permit; Permanent Resident's Certificate
What is the usual way to move to Bermuda?
Economic Investment Residential Certificate (EIRC). BM$2.5m investment (real estate, business, sinking fund) + US$25k charity (2026 policy) + US$10k BDA fee; good character
Compare with nearby countries
Anguilla · Antigua & Barbuda · Aruba · Bahamas · Barbados · British Virgin Islands · Cayman Islands · Curaçao · Dominica · Grenada · Montserrat · Saint Lucia
General information only — not tax, legal, immigration, investment or financial advice, and no client relationship. Figures are simplified, indicative and may be out of date. Always verify with the official authority and a licensed professional in the country concerned before acting. Partner links, if any, are marked and may earn us a fee.