What are the income tax rates in Bermuda?

In Bermuda, the personal income tax ranges from 0%. Corporations pay a 0% corporate tax rate. Capital gains are taxed at 0%. VAT is 0%.

Is Bermuda crypto-friendly?

Bermuda is considered a very crypto-friendly destination (crypto score 5/5). As a territorial tax country, crypto gains from foreign sources are generally tax-free. Many digital asset investors choose Bermuda for its favorable tax environment.

How can you get residency in Bermuda?

Bermuda offers the following residency options: digital nomad visa (approx. 12 months to process).

What is the cost of living in Bermuda?

The cost of living in Bermuda is high (index 140) (reference: 100 = New York City). Safety index is 6.2/10. Average internet speed is 75 Mbps. Compared to Western Europe or the US, Bermuda offers excellent value for expats.

Is Bermuda a good destination for digital nomads?

Bermuda has a dedicated digital nomad visa, making it straightforward for remote workers to live legally in the country. Its territorial tax system is especially attractive for those working with foreign clients. Average internet speed is 75 Mbps — suitable for remote work.

What is healthcare like in Bermuda?

Healthcare quality in Bermuda is good (score 7.5/10). Expats typically have access to high-quality care.

Is Bermuda a good place for remote work?

Bermuda is an excellent destination for remote workers. Advantages include: digital nomad visa, favorable tax system for remote income, 75 Mbps internet.

Bermuda — Tax Guide, Residency & Cost of Living for Expats

North America · CaribbeanUpdated 2026

Tax Score

90/100Territorial

Tax Data

Income Tax0%

Corporate Tax0%

Capital Gains0%

VAT/GST0%

Wealth TaxNo

Inheritance TaxNo

Residency & Visas

Golden VisaNo

Digital Nomad VisaYes

Cost of Living & Quality of Life

Cost of Living Index140

Safety6.2/10

Internet75 Mbps

Healthcare7.5/10

Tax Overview

Bermuda combines a territorial system with low rates, creating a highly favorable tax environment where foreign income is exempt and local rates are minimal.

Personal Income Tax

Bermuda applies a flat 0% personal income tax rate. This is considerably lower than most developed nations.

Corporate & Capital Gains

The corporate tax rate is 0%, highly competitive globally. There is no capital gains tax — ideal for investors.

Indirect Taxes & Wealth

VAT/GST is 0%, low by international standards. There is no wealth tax. There is no inheritance tax.

Crypto & Digital Assets

Bermuda is one of the most favorable destinations for digital assets (score 5/5). Cryptocurrencies benefit from very advantageous tax treatment, and gains from foreign sources are generally exempt.

Compare with other countries

Residency Guide

Relocating to Bermuda is accessible with multiple options. The country offers several residency pathways for foreigners.

Visa Options

Digital Nomad Visa: Bermuda offers a dedicated visa for remote workers, with processing taking approximately 12 months.

Practical Considerations

As a non-LATAM destination, applicants should consider potential language barriers and cultural differences. Working with a local immigration attorney and verifying apostille/legalization requirements for documents is recommended.

Also consider: Cayman Islands, Bahamas, Panama

Lifestyle

Bermuda has a high cost of living, comparable to major world capitals.

Cost of Living

With an index of 140, Bermuda has a cost of living comparable to or exceeding New York City (100). It is one of the most expensive destinations in the world.

Safety & Infrastructure

A safety score of 6.2/10 indicates a generally safe environment, with normal precautions recommended. Internet speed of 75 Mbps — adequate for remote work.

Healthcare

A healthcare score of 7.5/10 indicates a decent healthcare system. Private health insurance is recommended to supplement public services.

Data: 2026 · Source: tax_foundation,pwc,manual

Pros & Cons

Pros

Territorial tax system — foreign income exempt
Very low top income tax rate (0%)
No capital gains tax
No wealth tax
No inheritance tax
Digital nomad visa available
Crypto-friendly environment (5/5)
High-quality healthcare system (7.5/10)

Cons

High cost of living (index 140)

Frequently Asked Questions

Bermuda operates under a territorial tax system: only taxes income generated within the country — foreign-sourced income is generally exempt. The top personal income tax rate is 0%.