Start here when launching a new business in Bermuda. Start by understanding the rules and regulations that govern doing business in the country. You can get support with company registration, business development, copyright and intellectual property laws, and e-business programmes. Additionally, you can learn about the government's anti-money laundering program.
The Ministry of Economy and Labour oversees the rules and regulations that govern doing business in Bermuda.
Starting a fintech company in Bermuda involves several key steps to ensure compliance with local regulations and leverage the benefits offered by Bermuda’s business environment. Here is a summarized guide based on the detailed document provided by the Bermuda Government:
The Economic Development Department (EDD) offers a range of incentives for employers who are committed to job creation and economic growth in Bermuda. These guidelines provide detailed information on the available incentives and the application process for employers.
The Economic Development Department (EDD) is pleased to fund the Fintech Training Programme for Bermudian learners. This programme is designed to enhance skills and provide valuable networking opportunities in the fintech industry.
The Ministry of Legal Affairs Financial Sanctions Implementation Unit (FSIU) provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
The Government of Bermuda is introducing a Corporate Income Tax (CIT) to apply to Bermuda businesses that are part of Multinational Enterprise Groups (MNEs) with annual revenue of €750M or more. The proposed CIT is expected to take effect in January 2025.&nb
Tourism is a key driver of economic growth and development for Bermuda, and the Government’s aim is to remain oriented towards continuously enhancing the framework for sustainable tourism investment.
Budget Statement In support of the Estimates of Revenue and Expenditure 2022 - 2023 presented by the Hon. E. David Burt, JP, MP Premier and Minister of Finance
Delivered on: 25 February 2022
The Ministry of Legal Affairs Financial Sanctions Implementation Unit (FSIU) provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
The Employment and Labour Relations Tribunal, established under the Employment Act 2000, has jurisdiction to hear and determine (including by way of arbitration) complaints, labour disputes, differences, conflicts and other matters referred to it under the Employment and Labour Code.
The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
Here you will find information relating to the 2020 - 2021 Budget.
Budget StatementBudget Statement 2020 - 2021
National Economic ReportThe NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
Per the recent Contributory Pensions Temporary Amendment Act 2020, the Department of Social Insurance wishes to advise the public that the employee option of choosing a social insurance contribution suspension will be made effective July 1, 2020, and terminates on Ju
Where an importer applies to Customs for duty relief, duty deferment or duty suspension (bonded warehousing) or has some other specific obligation, Customs may ask for security.
When goods are discharged from CPC 5000 by diversion to home use, a surcharge will be payable in addition to the import duty due.
The surcharge is calculated by multiplying the amount of deemed units for duty (i.e. BCD Field 27c - Value for Tax) by the relevant duty rate.
Importers may apply to Customs to defer duty payment on goods for business purposes.
Import duty is normally payable when goods are—
The Department of Workforce Development Training section Our Training section is responsible for all internal and external training for employees and clients, respectively, in collaboration with industry partners and educational institutions.
The Economic Substance Amendment (No.
The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
All documents are 8.5 ht x 14.0 wd in inches (215.9 x 355.6 mm)
The Employment (Maternity Leave Extension and Paternity Leave) Amendment Act takes effect January 1, 2020 and:
Bermuda has committed itself to implementing and maintaining a robust framework to combat money laundering and terrorist financing.
The Liquor License Act 1974 (the “Act”) is the law that governs the granting of liquor licenses, the conduct of licensed premises, and the punishment of individuals/companies that break the law.
The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
The Tax Reform Commission was formed under the Tax Reform Act 2017 with the objective of advising the Government of any measures to improve Bermuda’s system of taxation and revenue collection, in accordance with the functions set out in section 5 of the Act and the Terms of Reference prescribed b
Persons wishing to register a Privately Funded Charity or Charitable Trust must complete an Application to register a Privately Funded Charity or a Charitable Trust and subm
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Currency
Dec. 7th - 13th
Dec. 14th - 20th
Dec. 21st - 27th
Dec. 28th - Jan. 3rd
U.S. Dollar (USD)
1.0000
The Foreign Exchange Rates shown below illustrates the amount of Bermuda Dollars required for buying one unit of foreign currency.
December 2016 Exchange RatesCurrency
December 1 - 7
December 8 - 14
The Foreign Exchange Rates shown below illustrates the amount of Bermuda Dollars required for buying one unit of foreign currency.
December 2015 Exchange RatesCurrency
Dec 1-2
Dec 3-9
Dec 10-16
Complete the
Household income and expenditure data is collected through Household Income and Expenditure Surveys. One of the key objectives of the survey is to obtain information on the expenditure and income patterns and levels of private households in Bermuda.
Consumer Price Index
Retail Sales Index
The balance of payments (BOP) is a statistical statement that systematically summarizes, for a specific time period, the economic transactions of an economy (resident) with the rest of the world (non-resident).
The Information and Communication Technologies (ICT) sector comprises a combination of manufacturing and services industries that enable or fulfil the function of information processing and communication, including transmission and display by electronic means.
Bermuda’s tourism sector provides hundreds of millions of dollars in government revenue. Tourism statistics are released each year as a “Tourism Satellite Account.”
Compiled by the Economics Division of the Department of statistics, the Quarterly Bulletin of Statistics (QBS) is a summary report and contains some of the quarterly data collected by the Department. Statistics included in this report are imports to Bermuda, overseas declarations by Bermuda
Financial Services Tax is a tax charged on the following financial services providers with rates effective from April 1, 2019:
There are a few options for setting up a business in Bermuda. Your options depend on the nature of your business activities and whether you wish to conduct business in the local market.
There are a few options for setting up a business in Bermuda. Your options depend on the nature of your business activities and whether you wish to conduct business in the local market.
There are a few options for setting up a business in Bermuda. Your options depend on the nature of your business activities and whether you wish to conduct business in the local market.
There are a few options for setting up a business in Bermuda. Your options depend on the nature of your business activities and whether you wish to conduct business in the local market.
There are a few options for setting up a business in Bermuda. Your options depend on the nature of your business activities and whether you wish to conduct business in the local market.
Our Labour Relations Section (“the Section”) oversees the certification and decertification of unions in the workplace, and manages labour disputes in both unionised and non-unionised environments.
Here you will find information relating to the 2017/2018 Budget.
Budget Press Conference Remarkswww.gov.bm/articles/budget-press-conference-remarks
The pre-budget report (PBR) is a document produced annually by the Government to provide the public with a better understanding of our fiscal aims and objectives, an update on our economy, a summary of the
The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
To: All Real Estate Brokers and Agents
The Superintendent of Real Estate hereby advises that existing real estate broker and agent licenses will expire on 30 November 2017. The receipt of real estate license applications will commence on 14 November 2017.
Budget Statement In support of the Estimates of Revenue and Expenditure 2023 - 2024 presented by the Hon. E. David Burt, JP, MP Premier and Minister of Finance
In order to qualify for registration as an architect, an applicant must:
The Registry General maintains the
The Registry General maintains the Register of Surveyors and publishes a list of the surveyors who are registered in the Royal Gazette in January of each year.
On this page you will find the fees for the Department of Immigration's permits and services. Click on a link below to go directly to the information you are looking for.
Many countries recognize informational privacy, or the right to protect an individual’s personal information, this as an important human right and have developed laws to protect individuals’ personal information. Bermuda has enshrined such rights with the passage of the
Bermuda’s Government Agricultural Service Centre offers a variety of services and products to registered Bermudian farmers and fishermen.
There may be opportunities for your company to provide goods, services or works to the Government of Bermuda, either through a direct contract or by becoming a subcontractor.
View the list of Procurement Notices
The Ministry of Legal Affairs Financial Sanctions Implementation Unit (FSIU) provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
To work in Bermuda, you must be Bermudian, married to a Bermudian, or be a Permanent Resident’s Certificate (PRC) holder. If you are not you must have a valid work permit.
If an employer intends to continue to employ a work permit holder in the same job beyond the expiry date of the current work permit, they must apply for a new permit.
If you hire a worker who is not a Bermudian or married to one, or someone who is not a Permanent Resident’s Certificate (PRC) holder, they will need a work permit to work in Bermuda.
Taxes and other expenses in Bermuda must be paid to the Account General, who receives payments for all of the following:
corporate service tax
You must pay contributions into the Contributory Pension Fund (CPF) if you work more than four hours per week—even if you are self-employed. These contributions occur every Monday, as shown on the
There are several steps you should follow in setting up a charity:
1. Find trustees who will be willing to take responsibility for administering the charity.
If you provide products or perform services for the Government of Bermuda, you must submit your invoice or request for payment to the applicable department.
