How wealth tax works in Bermuda
Bermuda does not impose a recurring wealth tax on individuals. Bank balances, marketable securities, private company shares, crypto assets, foreign assets and other personal holdings are not taxed each year simply because you own them.
The practical costs are transactional and property-based. Bermuda uses land tax on developed property and stamp duty on certain transfers, including some gifts and estates. Import taxes and other fees can also matter even when net wealth is not taxed.
Tax rates at a glance
- Net wealth tax
- 0%Zero
- Net worth tax
- 0%
- Annual asset tax
- 0%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsHigh earnersFamily officesCrypto holdersRemote founders
Watch out for
- Bermuda has no wealth-tax return, but banks and counterparties may still ask for source-of-funds and beneficial ownership documents.
- Real property is not subject to an annual wealth tax, but land tax and stamp duty can still be material.
- If another country treats you as tax resident, that country may still tax your worldwide assets or investment income.
Frequently asked questions
Does Bermuda have a wealth tax?
No. Bermuda does not levy a net wealth tax or annual tax on personal assets.
Are foreign assets taxed in Bermuda?
No. Bermuda does not tax foreign assets simply because you own them. The bigger issue is usually tax residence somewhere else.
Is Bermuda suitable for investors?
Yes, if you want a jurisdiction with no annual wealth tax and no general capital gains tax. Investors still need to model land tax, transfer stamp duty, estate stamp duty, reporting requests and foreign tax exposure.