Tax residency in Bermuda: the 2026 guide
Zero income and capital gains tax in a mid-Atlantic financial centre — for those who can afford the entry.
Bermuda levies no personal income tax and no capital gains tax. Residency is typically employment-linked (work permits) or via an economic-investment residential certificate for substantial investors. It's a British Overseas Territory and a major insurance hub, with a very high cost of living.
How residency in Bermuda works
The common routes are an employer-sponsored work permit or, for the wealthy, a residential certificate tied to a significant economic investment (in property and/or the local economy), granting the right to live there long-term.
How your income is taxed
There is no personal income tax and no capital gains tax; the government raises revenue mainly through payroll tax (paid via employers), customs duties and fees. For residents, personal investment income and gains are untaxed.
Requirements & cost at a glance
| Item | Detail |
|---|---|
| Personal income tax | 0% |
| Capital gains tax | 0% |
| Main routes | Work permit · investment residential certificate |
| Status | British Overseas Territory |
| Cost of living | Very high |
Who it suits
Best for executives and high-net-worth individuals — especially in insurance and finance — who want a zero-income-tax Atlantic base and can absorb the cost.
Making the move, step by step
Choosing Bermuda is only half the job. To actually benefit you must become tax resident here and stop being tax resident where you are now — meeting the local day-count or ties test, obtaining a tax residency certificate, and formally cutting ties to your former country.
Watch for an exit tax on the way out, and the tie-breaker rules in any double tax treaty between Bermuda and your current home. Our full walk-through: how to establish tax residency abroad.
Where it fits in a borderless plan
Residency is one flag of several. Most people pair a base like Bermuda with offshore capital structuring and a self-custody plan for their Bitcoin. See the wider map in countries with no income tax in 2026.
Frequently asked questions
Does Bermuda have income tax?
No personal income tax and no capital gains tax. Revenue comes largely from payroll tax (via employers), duties and fees.
How do I get Bermuda residency?
Usually through an employer-sponsored work permit, or for the wealthy via a residential certificate tied to a substantial economic investment.
Is Bermuda part of the UK?
It's a self-governing British Overseas Territory — British-linked but with its own government, laws and tax system.
Official sources
Rules change — always confirm the current position with the primary authority:
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