1. Tax
1.1 Tax Regimes
In Bermuda there is no income or profits tax, withholding tax,
capital gains tax, capital transfer tax or inheritance tax. There
is no exit or similar such tax based on a resident's wealth
when ceasing to be resident and there are no other consequences of
leaving the jurisdiction. Customs duties and stamp duty are major
government revenue earners, with stamp duties charged at different
rates and in different manners on a variety of legal documents,
excluding wills.
1.2 Stability of the Estate and Transfer Tax Laws
There is no inheritance or capital transfer tax in Bermuda.
Estate tax is payable on death where the property passing is
Bermudian property.
