Bermuda
Zero-tax regime for individuals. Allows local taxes to be paid in USDC since 2019. New 15% corporate tax only applies to massive multinationals.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
CARF Status
First Wave (2026-27)
Bitizenship
Not yet
CARF Reporting
First Wave (2026-27)
Bermuda is among the first wave of CARF adopters, implementing the OECD's Crypto-Asset Reporting Framework by 2026-2027. Crypto service providers will be required to automatically report user transactions to tax authorities.
Tax Rates
Activity Taxes
Staking
0%
Mining
0%
DeFi
0%
NFTs
0%
Taxable Events
Crypto → Fiat
Not taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
All gains tax-free regardless of holding period
Regulation & Residency
Regulatory Body
BMA (Bermuda Monetary Authority)
Residency Requirement
Work permit or economic investment visa required; minimum $2.5M+ for residential certificate
Reporting Requirements
CARF first-wave jurisdiction; Digital Asset Business licensing required
Citizenship & Residency Path
Permanent Resident Certificate via employment/investment; limited citizenship path (British Overseas Territory)
Resilience & Plan B
Jurisdictional Resilience
How well-equipped this jurisdiction is for a crypto holder who wants stability, access, and protection.
JRS
Institutions (25%), banking (20%), tax clarity (20%), business (15%), privacy (10%), geopolitical (10%). Full methodology →
Plan B Readiness
How fast you can go from “I want to move” to “I’m a tax resident with banking and optionality.”
PBR
Business ease (25%), citizenship path (20%), dual nationality, quality of life & safety (15% each), Bitizenship (10%). Full methodology →
Notable Conditions
- →Can pay government fees and taxes in USDC since 2019
- →Digital Asset Business (Custody of Client Assets) Rules 2025 in force
- →Corporate 15% tax only for multinationals with >€750M global revenue
- →New Payment Service Provider framework from April 2025
- →Ranked #1 most expensive place to live in the world
Living & Lifestyle
Cost of Living
Highest in the world
Banking Access
Good
Quality of Life
High
Lifestyle Scores