Articles

National Youth Policy

The Government of Bermuda is committed to empowering, supporting, and engaging Bermuda’s youth. The National Youth Policy outlines strategic goals to improve the lives of young people and provides a framework for collective action across sectors. Below you can access the policy and the most recent progress report published by the National Youth Policy Working Group. National Youth Policy 2021 The National Youth Policy outlines the Government’s strategic vision to support Bermuda’s young people..

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...

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:...

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.

Calculating Payroll Tax for the period April 1, 2024 – March 31, 2025

Payroll Tax Amendments for 2024 The budget statement which was read on Friday, February 16 th , 2024, by the Premier and Finance Minister, the Hon. David Burt, JP, MP included the following amendments to the Payroll Tax Act 1995. New Hire Relief: 2024 The New Hire Relief of 2024 repeals and replaces the relief granted in both 2018 and 2020. The 2024 New Hire Relief is offered to: All Exempted Companies and, All other employers with remuneration greater than $500,000 Qualifying Employers must...

International Women's Day Registration

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...

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...

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...

Bermuda Government's Position on Mandatory Vaccinations and Layoff Practices

Good day to all members of the media and the listening public. Today I would like to address a number of concerns reported to the Ministry of Labour from employees and members of the public about mandatory vaccinations within the workplace and the perceived treatment of Bermudian employees as it pertains to layoffs. Employees, and their representatives, from various industries, have voiced concern that many employers are laying off Bermudian employees at a rate disproportionate to that of Work..

Economic Recovery Plan Status as of 18 April 2024

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Profile on Success - David-Vernon Bean

The Department of Workforce Development Training section Our Training section is responsible for all internal and external training for employees and clients, respectively, in collaboration with industry partners and educational institutions. Such training includes internship programmes for new graduates, as well as apprenticeship and certification programmes for workers over a wide spectrum of occupations and professions. www.dwd.bm Where do you work? Department of Marine and Ports Services...