How crypto tax works in Bermuda
Bermuda levies no personal income or capital-gains tax, so individual crypto disposals face no domestic income charge.
Digital-asset exchanges, custodians, and issuers need Bermuda Monetary Authority licensing under the Digital Asset Business Act with custody, capital, AML, and conduct standards.
Payroll tax applies to employment including crypto-paid roles, and large-group corporate tax overlays 15% scope on qualifying multinationals.
Tax rates at a glance
- Investor gains
- 0%
- Licensing regime
- DABA
- Payroll tax
- Up to 10.5%
- Corporate scope
- 15% large groups
- Stamp duties
- Varies
- Withholding duties
- Limited
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
Long-term holdersLicensed operatorsFund managersExpatsFamily offices
Watch out for
- Zero personal tax never waives DABA licensing: unlicensed operation faces enforcement regardless of tax position.
- Payroll tax applies to crypto-paid employment, which adds cost that gains analysis misses.
- Home-country residence and CFC rules follow relocating holders, so exit analysis matters as much as Bermudian treatment.
- Large-group CIT can pull qualifying operations into 15% scope even where historic planning assumed zero corporate tax.
Frequently asked questions
Do individuals pay crypto tax in Bermuda?
No domestic income charge applies to personal disposals, with activity running under DABA licensing. Payroll tax applies to employment, and home-country rules may follow.
Do crypto businesses need licences in Bermuda?
Yes. Exchanges, custodians, and issuers need Monetary Authority authorisation with custody, capital, AML, and conduct standards.
Does Bermuda tax large crypto groups?
Qualifying multinationals fall into 15% corporate scope under the 2025 Act, ending blanket zero-corporate assumptions for big operators.