Bermuda
Northern America · BM · 1 treaties
What is the tax system in Bermuda?
Bermuda has a tax system with no personal income tax. The corporate tax rate is 15%.
Tax profile
| Corporate income tax | 15% |
| Withholding — dividends | 0% |
| Withholding — interest | 0% |
| Withholding — royalties | 0% |
| VAT / GST (standard) | n/a |
| Personal income (top rate) | 0% |
| Capital gains | n/a |
| Tax system | No Income Tax |
| Residency threshold | — |
| Exit / departure tax | No |
| CFC rules | No |
| Transfer pricing | None |
| Digital nomad visa | Work From Bermuda Certificate |
| Digital services tax | none |
| Global minimum tax (Pillar 2) | Implemented |
Common questions
- What is the corporate tax rate in Bermuda?
- The corporate tax rate in Bermuda is 15%.
- Are there withholding taxes on dividends in Bermuda?
- Bermuda has a 0% dividend withholding tax rate.
- What are the residency options in Bermuda?
- Bermuda offers moderate residency ease, including a golden visa option with a minimum investment of $2,500,000 USD, and a nomad visa.
Tax residency
Easy to leaveWhat makes you a tax resident — and how hard it is to stop being one.
- No personal income tax residency rules; Bermuda does not tax individuals on worldwide income
- Physical presence / ordinary residence only for payroll-tax-related concepts, not an individual income tax residency test
Bermuda’s official guidance does not set out an individual income-tax residency regime because Bermuda does not impose personal income tax. As a result, there is no residence tie to “break” for personal income tax; leaving Bermuda and ceasing local presence is enough from the Bermuda tax perspective.
Source: OECD / Bermuda information on residency for tax purposes
Tax treaty network (19)
In-force double-tax treaty partners. Treaty-reduced withholding (dividends / interest / royalties) shown where the official source publishes a rate; otherwise the country's statutory rate applies unless the treaty text provides a reduction.
| Partner | Div | Int | Roy |
|---|---|---|---|
| United States of America | 15% | 15% | 15% |
| Canada | 15% | 15% | 15% |
| Finland | 15% | 15% | 15% |
| France | 15% | 15% | 15% |
| Israel | 15% | 15% | 15% |
| Jamaica | 5% | 5% | 5% |
| Mexico | 15% | 15% | 15% |
| Norway | 15% | 15% | 15% |
| Sweden | 15% | 15% | 15% |
| United Kingdom | 15% | 15% | 15% |
| Germany | 15% | 15% | 15% |
| Guernsey | 15% | 15% | 15% |
| Ireland | 15% | 15% | 15% |
| Isle of Man | 15% | 15% | 15% |
| Japan | 15% | 15% | 15% |
| Jersey | 15% | 15% | 15% |
| Netherlands | 15% | 15% | 15% |
| South Africa | 15% | 15% | 15% |
| Switzerland | 15% | 15% | 15% |