Bermuda
| Pros |
|---|
| Absence of personal income, capital gains, or corporate taxes for most international business entities. |
| Robust legal framework based on English Common Law ensuring strong property rights and contract enforcement. |
| Strategic geographic location providing easy access to North American markets and high-speed digital infrastructure. |
| Cons |
|---|
| Significant reliance on high import duties and payroll taxes to fund government expenditures. |
| Restrictive local ownership regulations requiring sixty percent Bermudian control for many domestic business categories. |
| Exorbitant cost of living and operational expenses driven by isolated geography and limited land availability. |
Long story short: Here, no income tax, no corporate tax, no capital gains tax: a fiscal dream the island guards jealously.
The catch: cost of living is insane, work permits are locked down tight to protect local jobs, and since 2025 a 15% tax hits the big multinationals, though it won't touch small setups.
Other things worth knowing: banks are rock solid but few in number, infrastructure is top notch, upscale neighborhoods are genuinely safe, beaches are pink and breathtaking, and hurricane season hits hard every summer.
Will your income be taxed?
Long story short: NO.
Bermuda doesn't tax personal income, and nobody comes sniffing around when you settle in. No withholding, no tax return, no centre-of-vital-interests trap waiting to snap shut.
Earn what you want: the taxman here simply doesn't know your name.
If you earn a year, you will pay .
Roughly effective, with a marginal rate of .
Will your wealth be taxed?
Long story short: NO.
Bermuda keeps its hands off what you hold. No capital gains tax, no annual wealth grab, no inheritance regime.
Your portfolio compounds in peace and leaves the way it came in; nobody's standing at the door with their palm out.
Easy to run a company there?
Long story short: YES.
Corporate tax in Bermuda sits at a low 15%, with no criminal liability for misuse of corporate assets and non-public registries.
Cheap to run, discreet about who owns what, and no prosecutor breathing down your neck. A clean place to operate.
A good fit for a holding?
Long story short: NO.
Bermuda has no treaty network at all, which buries the holding question, full stop.
Every dividend in or out eats the statutory withholding at full rate, and no domestic regime can patch a hole that sits on the source side. Don't park a holding here.
| Country | Status | Dividends | Interest | Royalties |
|---|---|---|---|---|
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| ∅ // no treaties match | ||||
Easy to come and go?
Long story short: LITTLE.
Coming and going from Bermuda costs you nothing worth mentioning. Territorial regime (foreign income stays foreign), no exit tax at the door.
You show up with your stuff, you leave with your stuff, plus whatever you earned abroad in between. Borders the way they should all work.
Is your money watched?
Long story short: YES, CLOSELY.
Yes, your money is watched here. Bermuda signed every major automatic-exchange framework: CRS, FATCA, CARF, MLI, MAAC. Open an account and it gets reported straight to your home tax authority (Americans: FATCA applies, no exceptions).
Corporate registries stay non-public, which saves a thin slice of ownership discretion. But your financial trail is made of glass.
Is it blacklisted?
Long story short: SOMEWHAT.
Bermuda is flagged by a few national tax administrations (drawn from FR/ES/PT/BR) and sits outside the FATF club.
The friction is selective: anti-abuse rules fire on specific corridors, and counterparties ask more questions than usual. Neither the FATF nor the EU has it on their lists, which keeps the damage contained: a nuisance, not a scarlet letter.
Do you feel free there?
Long story short:
Not enough data to tell how free you'd actually feel in Bermuda.
Connected to the world?
Long story short: COMPLETELY CUT OFF.
Bermuda is unplugged from the global money grid: 2/11 of the services we track work here. No Stripe, no Amazon, and almost nothing around them either.
Whatever your plan is, the payment layer gets built from scratch, with local banks and local rules. Come for other reasons; connectivity isn't one of them.
Other jurisdictions worth comparing
Picked by similarity of strategic profile to Bermuda. No editorial ranking — neighbours in the same scoring space.