Permission to Reside on an Annual Basis
Permission to Reside on an Annual Basis is a residence route in Bermuda (Independent means). Age 18+, good character, health insurance, adequate financial means (no official threshold; ~BD$100k/yr for a 3-person household used as guide). Renting allowed. Fee BD$275 per year or BD$1,215 for 5 yrs. No Bermuda employment; remote work for foreign employer OK.
Passive-income and financially independent residence →Requirements at a glance
Spouse and children can usually be included.
How holders are taxed
No income tax for non-employed residents; payroll tax only on Bermuda employment.
Next steps
Check the official page for the current rules and fees, compare this route with the other programmes on the interactive map, and talk to a licensed immigration lawyer or authorised agent before applying.
| Category | Independent means |
|---|---|
| Investment | — |
| Fees (family) | CHF 660 + CHF 660 / yr |
| Income / yr | — |
| Assets | — |
| Min. stay | — |
| PR | — |
| Citizenship | — |
| Work | remoteOnly |
| Eligible | all |
| Tax | No income tax for non-employed residents; payroll tax only on Bermuda employment. |
| As of | 2026-10 |
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 Figures are simplified, indicative and may be out of date.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.