Bermuda

"Quo fata ferunt" ("Whither the fates carry us")

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Welcome to Bermuda

Bermuda, a British Overseas Territory, is known for its pink sand beaches and as a global hub for insurance and finance. The island’s economy thrives on international business and tourism, attracting professionals and retirees.

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Bermuda Essentials

National Anthem

God Save the King

Independence Day

Bermuda Day - May 24 (not independence day)

Haiko

Pink sand meets blue sea / Sailors in shorts and long socks / Triangle mystery

Interesting Tradition

Holds an annual Non-Mariners Race where people compete in non-seaworthy homemade rafts

Weirdest Local Superstition

Triangle superstitions

Strangest Law Still on the Books

Illegal to drive faster than 20 mph

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Come for the history, stay for the future

Come for the elegance, stay for the excellence: Bermuda masterfully blends British refinement with island charm, creating an sophisticated yet relaxed lifestyle amid pink beaches and turquoise waters. Life revolves around morning tennis matches, sailing in the afternoon sun, and elegant evening gatherings where international professionals mingle with local residents. The island's sophisticated financial infrastructure and innovative residential certificate policy have positioned it as a premier destination for global citizens seeking both opportunity and quality of life.

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Welcome

Step into an isle where refinement isn't just appearance, but essence. Your story unfolds where British tradition meets Atlantic opportunity.

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Welcome to Bermuda

Known for the Bermuda Triangle where things disappear but the island's beauty is always found

Bermuda isn't just an island—it's a refined escape from the ordinary. Here, time moves with British precision and Caribbean leisure, and even a simple afternoon tea can turn into an exercise in island elegance. This is a place where colonial charm and natural beauty create perfect harmony.

From the pink-sand beaches of South Shore to the historic streets of St. George's, Bermuda offers sophistication for every distinguished traveler. Whether you're drawn to the golf courses of Tucker's Point, the maritime charm of Hamilton, or the hidden coves of Somerset, you'll find an island that elevates tropical living to an art form.

Statistics

Savor the Flavor

Eat

fish chowder (spicy fish soup) - wahoo (local fish served grilled)

Drink

rum swizzle (rum-based cocktail) - dark 'n' stormy (rum and ginger beer)

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Thirsty?

Beer

Annual consumption (liters per capita)

Wine

Annual consumption (liters per capita)

Coffee

Annual consumption (liters per capita)

Tea

Annual consumption (liters per capita)

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Cultural Tips and Etiquette

#1
Formal dress codes are still observed
#2
Shorts length has business etiquette rules
#3
Afternoon tea is a serious tradition
#4
Good manners and politeness are highly valued
#5
Kite flying at Easter is a cultural tradition

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Bermuda Essentials

Representative Novel

The Story of Bermuda by Terry Tucker (Historical novel capturing Bermuda's essence)

National Animal

National Pasttime

Cricket

National Souvenir

Bermuda shorts

National Dish

Fish chowder

Famous Festival

Bermuda Day

Famous Dance

Gombey

Famous Music

Calypso

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Did You Know?

Bermuda is home to the world's smallest drawbridge.

Somerset Bridge is just 32 inches wide at its narrowest point.

Bermuda is known for its iconic pink sand beaches.

They get their rosy hue from tiny red organisms that live on the coral reefs offshore.

Bermuda has the most golf courses in the world.*

*per square mile, of course! Find stunning ocean views from nearly every tee.

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Bermuda’s Key Historical Events

1,609

April 2014

Bermuda is settled by British colonists after the wreck of the Sea Venture on its reefs.

1684

July 2014

The Bermuda Company loses control, and Bermuda becomes a British Crown Colony.

1941

February 2015

The US establishes military bases in Bermuda as part of a 99-year lease agreement with Britain during World War II.

1968

March 2015

Bermuda adopts a new constitution, establishing internal self-government.

1995

October 2016

Bermudians reject independence in a referendum, opting to remain a British Overseas Territory.

MOBILITY

Access Bermuda Residency Rights on the GlobalPassport™ Platform 

NO. OF Mobility Assets

1

MOBILITY

Citizenship Pathways and
Residency Requirements

Citizenship by Birth
No
Citizenship by DESCENT
Yes
Citizenship by MARRIAGE
10 years
DUAL Citizenship
Yes
RESIDENCY BY Naturalization
10
PASSPORT VALIDITY
10 years

MOBILITY

Passport Power

Visa Free Countries

Performance Class

Passport Grade

Rank

Score

This visa grants access to:

• of the world's population 

• of UNESCO sites 

• of global GDP 

• of the world's land area 

MOBILITY

Visa-free access to:

MOBILITY

Number of American Emigrants to Bermuda by Year 

Year
1990
1995
2000
2005
2010
2015
2020
Bermuda
11,806
12,894
13,981
18,779
23,311
20,626
22,410

MOBILITY

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Mobility Asset
Approval Time (est.)
Appointment Availability
Term (i.e. duration)
Minimum Investment
Physical Presence Requirement
Cost of Living
English Usage
Quality of Life
Healthcare Ranking
Passport Power
Visa-free Country Access
Number of American Expats
More Details

Healthcare

Healthcare Overview

Key Health Indicators

Median Age

45.1

years

Life Expectancy

81.2

years

Obesity Rate

31.40%

Tobacco Use

15.50%

Sources

Health care Indicators

Health Expenditure

of GDP

Hospital Beds

6.3

per 1000 people

Doctors

1.8

per 1000 people

Out-of-pocket

of total expenditure

Sources

Healthcare

Did you Know?

Comprehensive Insurance System

Bermuda has a mandatory health insurance system for all residents, ensuring that everyone has access to necessary healthcare services.

World-Class Hospitals

Bermuda offers world-class healthcare services, with modern hospitals and medical facilities that attract medical professionals from around the globe.

Healthcare for Expats

Expatriates living in Bermuda can easily enroll in the mandatory health insurance program, giving them access to both public and private healthcare.

Focus on Preventive Care

Bermuda’s healthcare system places a strong emphasis on preventive care, encouraging regular health screenings and vaccinations.

Medical Evacuation Services

In cases requiring advanced care, Bermuda offers medical evacuation services to nearby countries such as the USA for specialized treatments.

Healthcare

United Healthcare Coverage Service Index (2000 - 2021)

Healthcare

Healthcare Cost Calculator

cost of living

Cost of Living Overview

Bermuda consistently ranks as one of the most expensive places globally. Housing costs are exceptionally high, especially for beachfront properties. Food prices are steep due to most items being imported. Utilities are costly. Transportation expenses are high, with strict regulations on car ownership. The high cost of living is partially offset by the absence of income tax.

Cost of Gasoline

$2.32

per liter

Cost of Meal

$45.00

(Inexpensive Restaurant)

Monthly Rent

$3,336.36

(1 bedroom, City Center)

Monthly Utilities

$220.21

(85m² Apartment)

Domestic Beer

$10.00

(0.5 liter draught)

VAT Rate

25%

cost of living

Cost of Living plus Rent Map

cost of living

Cost of Living Calculator

cost of living

Rent Calculator

Taxation

Taxation Overview

Before relocating to Bermuda, it's important to know about its unique tax system.+Bermuda has no personal income tax or corporate income tax; instead, employers pay payroll taxes that may be partially deducted from employee salaries. Property taxes apply, and social insurance contributions are required for employees. There is no specific tax identification system; however, a social insurance number is used for employment purposes.+Bermuda does not have a double taxation treaty with the United States, but the absence of income tax generally reduces double taxation concerns.

Tax Residency Requirement

30 days (for workers)

Worldwide Income Taxation

No

Higher Rates for Foreign Assets

No

US Double Taxation Treaty

No

Personal Income

Progressive tax rate based on income levels

0%

Personal Capital Gains

Flat rate on investment gains

0%

Inheritance

Based on inherited amount and relationship

0%

Corporate Income

Standard corporate tax rate applied to business profits

0%

Corporate Capital Gains

Tax rate applied to capital gains from corporate investments

0%

Dividends

Withholding tax rate applied to dividend distributions

0%

Interest

Withholding rate interest payment to non-residens

0%

Royalties

Withholding tax rate for royalty payments

0%

Work Assignment

Foreign individuals do not become tax residents in Bermuda based on time spent in the country, as Bermuda has no personal income tax system. However, for payroll tax purposes, employers must pay tax on remuneration paid to individuals working in Bermuda, unless the period of employment does not exceed 4 consecutive weeks.

Overall Ranking

Global position in PWC’c Ease of Paying Taxes ranking

Ease of Paying Taxes Score

Overall score based on multiple factors

Total Tax and Cotribution Rate

TTCR percentage including all mandatory contributtions

%

Time to Comply

Annual hours required to comply with tax regulations

HOURS

Number of Payments

Total number of tax payments required annually

Post-filing Index

Score measuring the ease of processes after filing taxes

%

taxation

Tax Burden Map

taxation

Income Tax Calculator

No personal Income Tax

No personal Income Tax

CLIMATE

Climate Type

Subtropical climate; mild, humid; gales, strong winds common in winter

Average Temperature

21.67 °C

Humidity

77

%

Average Annual Precipitation

1588

mm

Rainless Days per Year

258

Best Time to Travel

March-April & September-October

Questions?

Frequently Asked Questions About Gaining Residency or Citizenship in Bermuda

Find answers to common questions about GlobalPassport™ and our tools guiding you towards residency or citizenship in Bermuda.

What Mobility Assets are available to me in Bermuda?

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Can I keep my own citizenship?

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