Bermuda
Bermuda combines a sophisticated wealth ecosystem with zero personal taxation, offering a premier offshore jurisdiction for family offices and high-net-worth individuals.
Bermuda has evolved into a global hub for wealth management, hosting over 1,000 family offices, many managing assets exceeding $1 billion. The island’s dense network of private banks, specialized law firms, and tax advisors provides deep expertise in offshore structuring, estate planning, and insurance-linked securities. The Bermuda Stock Exchange adds a unique dimension for wealth diversification, while the absence of personal income, capital gains, and wealth taxes creates a compelling fiscal environment.
Life in Bermuda blends British colonial charm with modern luxury. Pink-sand beaches, world-class golf courses, and a vibrant arts scene complement a safe, well-regulated society. The subtropical climate ensures mild winters and warm summers, though the cost of living is among the highest globally. Direct flights to major US hubs and London offer convenient connectivity, but the island’s strict immigration controls preserve an exclusive, low-density atmosphere.
Tax advantages
- No personal income, capital gains, or wealth taxes.
- No corporate tax for non-resident entities.
- No inheritance or estate taxes.
- No value-added tax (VAT) or sales tax.
- Favorable tax treaties with the United States and United Kingdom.
Tax disadvantages
- High customs duties on imported goods (up to 25% on vehicles and luxury items).
- No tax treaties with many non-common-law jurisdictions, limiting cross-border planning.
- Property taxes apply to land and buildings, with rates up to 20% on high-value properties.
Residency advantages
- Permanent residency via Economic Investment Certificate (minimum $100,000 investment).
- No minimum stay requirement for permanent residents.
- Path to British Overseas Territory citizenship after 10 years of residency.
- Right to abode in the United Kingdom after 5 years of residency under specific criteria.
- Stable political environment as a British Overseas Territory.
Residency disadvantages
- No citizenship-by-investment program; residency does not lead to full Bermudian citizenship.
- Strict immigration control: work permits required for employment; no automatic residency through property purchase.
- No visa-free access to the United States for Bermudians; US visa required.
- High cost of living and limited housing supply for newcomers.
Living quality
Bermuda offers an exceptional quality of life with pristine beaches, a safe and orderly society, and a strong sense of community. Infrastructure is modern, including reliable utilities, excellent healthcare, and top-tier private schools. The subtropical climate provides year-round outdoor activities, though the cost of living is extremely high, and the island’s small size can feel limiting for some.
Best for
- Bermuda is ideal for ultra-high-net-worth families and single-family offices seeking a zero-tax environment with a mature wealth infrastructure. It suits those who prioritize privacy, security, and a high-quality lifestyle in a subtropical island setting, and who require proximity to US and UK financial markets.
Atlas cities in Bermuda · 1 listed, 4 offices
- Hamilton Wealth 83
Bermuda sits in the Atlas region Offshore & Special Jurisdictions.
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