Taxes & Incentives
Bermuda offers a competitive tax framework and targeted incentives that support economic activity, investment, and long-term stability.
Built for Investment Confidence
Bermuda is internationally recognised as a transparent, cooperative tax jurisdiction with a clear regulatory environment and modernised fiscal approach. The 2025 Corporate Income Tax (CIT) regime aligns Bermuda with OECD Pillar Two standards — ensuring tax certainty while maintaining competitiveness for multinational enterprises.
At the same time, Bermuda offers residency and business incentives that support capital inflows, economic empowerment, and sustainable growth. With no general corporate or income taxes for most businesses, and targeted CIT for large multinational enterprises, Bermuda remains a practical, secure and forward-looking platform for global operations.
01 Business Incentives
Supporting Enterprise & Growth
Bermuda offers a suite of incentives that drive economic development and job creation.
The Incentives for Job Makers programme rewards companies committed to employing and developing Bermudians, offering payroll tax relief, customs duty concessions, and streamlined work permit approvals for senior roles.
Additional measures include the Economic Investment Residential Certificate (EIRC) for high-net-worth individuals, as well as work permit efficiencies, infrastructure support, and access to Economic Empowerment Zones (EEZs) in North East Hamilton, South East Hamilton, Somerset, and St. George.
To help businesses take full advantage, the BDA provides concierge-level support for setup, relocation, and ongoing operations.
02 Corporate Taxation
Aligned, Transparent, Competitive
Bermuda continues to provide a tax-neutral platform for international business. For most companies, Bermuda has no general corporate income tax, no capital gains tax, and no VAT. Employers are subject to Payroll Tax, with employee contributions around 6%, while property owners are taxed on a progressive scale based on rental value.
In 2025, Bermuda introduced a 15% Corporate Income Tax (CIT) for multinational enterprises with annual global revenue above €750 million (USD $852 million), aligning with OECD Pillar Two standards. This reflects our commitment to global tax standards while preserving Bermuda’s trusted and transparent investment environment. Targeted tax credits for payroll, training, and tangible investments will help qualified MNEs offset their effective tax rate, ensuring compliance while maintaining competitiveness.
Economic Investment Residential Certificate
Explore long-term residency through investment — a programme designed for individuals seeking a safe, stable jurisdiction with global access and high quality of life.