0% local personal income/CGT framework for private gains; payroll and business rules remain separate
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Private investment
0% local personal income/CGT framework for private gains; payroll and business rules remain separate
Income and business
No personal income tax, but employers and self-employed people can face payroll tax; structured digital-asset activity requires separate analysis.
Holding period or principal limit
General framework rather than a crypto holding-period relief.
Prepared with AI assistance from the linked primary sources. General research, not personal tax, legal or investment advice. The treatment of your transactions, residence history and income needs individual verification.
What the zero comparison means
Bermuda's Tax Commissioner's guidance confirms that individuals do not pay personal income tax. The government-supported Bermuda Business Development Agency describes the absence of capital-gains tax in its general tax framework. Applying those rules to private crypto investment gains is an inference, not a verified crypto-specific individual ruling. It cannot establish that a former UK resident's disposal is outside UK tax.
The Government identifies payroll tax for employers and self-employed people and land tax for relevant owners or long-term tenants. A crypto-paid service, mining operation or other structured activity therefore needs its own classification. Bermuda Monetary Authority guidance regulates digital-asset services offered to the public as a business. A locally untaxed private gain does not justify assuming that investment losses produce a CGT credit.
The BDA currently publishes a BD$2.5 million investment threshold for the Economic Investment Residential Certificate. The Government's 2 October 2026 statement says a revised policy took effect at the end of September: it adds a minimum BD$25,000 charity donation and a BD$10,000 BDA administration fee, strengthens due diligence and removes Bermuda Trust Fund donations as qualifying investments. These are immigration programme terms, not a new crypto-tax holiday.
The BDA landing page still links a June 2024 policy and older costs. Obtain the operative 2026 policy, current fees and investment-eligibility confirmation before applying. Ordinary token holdings do not automatically qualify.