Articles - Government of Bermuda

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Changes to Annual Declarations for all Entities 2024

Companies, Permit Companies, LLCs, Exempted Partnerships, Exempted Limited Partnerships, and Overseas Partnerships are required to provide information which is relevant to the administration of the Corporate Income Tax Act, 2023 (“CIT Act”). In order to facilitate the collection of this information the annual declaration forms will be updated on December 15th 2024 at www.registrarofcompanies.gov.bm . Specific instructions and guidance relevant to the completion of the questions in the annual...

11 December 2024 Registrar of Companies 1 min read

Article

Step-by-Step Guide to Starting a Fintech Company in Bermuda

Starting a fintech company in Bermuda involves several key steps to ensure compliance with local regulations and leverage the benefits offered by Bermuda’s business environment. Here is a summarized guide based on the detailed document provided by the Bermuda Government: Key Steps Research and Planning: Understand Bermuda’s fintech ecosystem and regulatory environment. Develop a robust business plan. Legal Structure: Choose a suitable legal structure for your business (e.g., limited liability...

10 July 2024 Economic Development Department 1 min read

Article

Incentives for Job Makers - Guidelines for Employers

The Economic Development Department (EDD) offers a range of incentives for employers who are committed to job creation and economic growth in Bermuda. These guidelines provide detailed information on the available incentives and the application process for employers. Below is an overview of the key aspects: Overview of Incentives Tax Relief: Employers may be eligible for tax relief, including payroll tax exemptions and customs duty relief, to support job creation. Work Permit Concessions:...

10 July 2024 Economic Development Department 2 min read

Article

Fintech Training Programme for Bermudian Learners

The Economic Development Department (EDD) is pleased to fund the Fintech Training Programme for Bermudian learners. This programme is designed to enhance skills and provide valuable networking opportunities in the fintech industry. Below are the steps and requirements for successful participation: Steps and Requirements Application and Orientation: Before the deadline announced by the EDD, the learner must apply for the Programme. Attend the orientation session on the date and time specified by.

10 July 2024 Economic Development Department 1 min read

Article

Budget Statement

2026-2027 BUDGET STATEMENT 2026-2027 Budget Statement File Budget Approved Book - 2026 (5.43 MB) 2025 National Economic Report of Bermuda 2026-2027 PRE-BUDGET STATEMENT The Government has released the 2026/27 Pre-Budget Report, officially opening the Pre-Budget consultation period and inviting public feedback ahead of the next Budget. Alongside this, the 2025 Fiscal Responsibility Panel Report has been published, providing an independent assessment of Bermuda’s fiscal position and recent...

13 February 2024 Finance 1 min read

Article

International Sanctions 2023

The Ministry of Legal Affairs Financial Sanctions Implementation Unit (FSIU) provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance. Every effort is made to ensure that this information is current but in order to ensure compliance with the most up-to-date sanctions measures, you are encouraged to refer directly to the relevant and Bermuda laws and to seek legal advice where necessary. As a way of providing information about the...

15 January 2024 Financial Sanctions Implementation Unit 7 min read

Article

Department of Workforce Development 2023 Scholarship Recipients

"It was most gratifying to meet and congratulate the scholarship award recipients receiving $350,000 in funding for overseas tertiary education in high-demand occupations needed in the local workforce,” said the Minister of Economy and Labour, the Hon. Jason Hayward, JP, MP, at a brief ceremony held to recognise the Department of Workforce Development 2023 scholarship recipients. "In alignment with several of the Government's investment initiatives working in tandem with the National...

18 July 2023 Workforce Development 3 min read

Article

Tourism Investment Act 2017 - Amended in 2023 to Work Harder for Tourism Partners

Tourism is a key driver of economic growth and development for Bermuda, and the Government’s aim is to remain oriented towards continuously enhancing the framework for sustainable tourism investment. Restaurants and attractions are an essential component of the visitor experience and have long been associated with visitor satisfaction. A high quality product packed with opportunity and diversity is essential in delivering an experience that stimulates word of mouth and generates repeat...

08 June 2023 Tourism Policy and Regulation 2 min read

Article

Budget 2022-2023

Budget Statement In support of the Estimates of Revenue and Expenditure 2022 - 2023 presented by the Hon. E. David Burt, JP, MP Premier and Minister of Finance Delivered on: 25 February 2022 Budget Statement 2022-2023 National Economic Report of Bermuda 2021 2022/23 Approved Estimates of Revenue and Expenditure Book

17 February 2023 Finance 1 min read

Article

Restaurants Relief Guidelines

24 August 2023 Introduction The administration of Restaurants Temporary Customs Duty Relief (“Restaurants Relief”) will be carried out by the Customs Long Room under the direction of the Assistant Collector of Customs for Commercial Operations. Restaurants Relief 100% customs duty relief is available to restaurant operators, managers and their agents in respect of eligible goods. In these guidelines—“Eligible goods” includes capital goods imported for use in a restaurant. “Capital goods”...

03 November 2022 Customs 1 min read

Article

Bermuda General Licences

General Licences issued by the Government of Bermuda allow for specific activities that would otherwise be prohibited under Bermuda’s sanctions regime. These licences are designed to support compliance with international obligations—particularly those related to financial and trade sanctions—while providing legal clarity and operational flexibility in narrowly defined circumstances. All entities using a General Licence must ensure compliance with the relevant terms, maintain accurate records,...

21 October 2022 Financial Sanctions Implementation Unit 7 min read

Article

Employment and Labour Relations Tribunal

The Employment and Labour Relations Tribunal, established under the Employment Act 2000, has jurisdiction to hear and determine (including by way of arbitration) complaints, labour disputes, differences, conflicts and other matters referred to it under the Employment and Labour Code. The Employment and Labour Relations Tribunal consists of no more than 30 persons who are barristers and attorneys, persons with experience or expertise to represent the interest of employers and persons with...

13 July 2022 Labour 6 min read

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