50 results found

There is an exemption from the economic substance requirements for entities that are resident for tax purposes in a jurisdiction outside of Bermuda that is acceptable to the Registrar of Companies...

Mathew Clingerman, Managing Director in Kroll's Restructuring practice, based out of Bermuda, has created a client advisory on Bermuda's Corporate Income Tax Act 2023...

The Government of Bermuda recently announced that it was conducting a series of two consultations regarding the possible introduction of corporate income tax that would apply to Bermuda...

The government of Bermuda announced that it was conducting consultations regarding the possible introduction of corporate income tax.

On 4 September 2025, the Government of Bermuda launched a public consultation on draft legislation proposing the introduction of three new tax credits under the Corporate Income Tax regime.

In recent years, the cruise ship market has witnessed a significant shift in corporate strategy, with major cruise companies increasing their presence in Bermuda through the redomiciliation of corporate entities. Industry giant Norwegian Cruise Line strategically moved its group companies from jurisdictions including the Marshall Islands and Delaware to Bermuda in 2022, joining Viking and Virgin Voyages who were already domiciled in Bermuda.

The Draft Bill includes a proposed a statutory income tax rate of 15% and includes a robust package of Qualified Refundable Tax Credits (QRTCs) to maintain Bermuda's attractiveness.