Doing Business in Bermuda

Guidance on starting, registering, and operating a business in Bermuda, including licensing and compliance requirements.

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Balance of Payments & International Investment Position

The balance of payments (BOP) is a statistical statement that systematically summarizes, for a specific time period, the economic transactions of an economy (resident) with the rest of the world (non-resident). Quite simply, the balance of payments covers all economic transactions between Bermuda and the rest of the world. It includes the current account and the capital and financial account. 2025 File Balance of Payments 1st Quarter - 2025 (7.12 MB) File Balance of Payments 2nd Quarter - 2025..

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Annual Gross Domestic Product

About the Economic Activity Survey The objective of the Annual Economic Activity Survey (EAS) is to develop a range of statistics, suitable for comparing the relative economic performance of all industrial divisions of the Bermuda economy. The EAS is the instrument used by the Department of Statistics to collect key economic information from a broad range of businesses and organizations in both the private and public sectors of the economy. These institutions include incorporated businesses,...

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All Immigration Fees

On this page you will find the fees for the Department of Immigration's permits and services. Click on a link below to go directly to the information you are looking for. Work Permit Fees British Overseas Territories Citizen Passport Fees Bermuda Status, Naturalisation and Permanent Residence Fees Permission to Enter, Visit or Reside in Bermuda Fees Certifying Documents and Searching Records Fees The Department of immigration will only accept payment via bank transfers or online payments. Refer.

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International Sanctions Measures

The Financial Sanctions Implementation Unit (FSIU) helps people and organisations in Bermuda comply with international sanctions. Find the legislation, sanctions lists and the latest sanctions updates.

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Applying for an EDD Grant

The Economic Development Department (EDD) offers grants to support various initiatives aimed at fostering economic growth and development in Bermuda. Here are the key steps and requirements for applying for an EDD Grant: Steps to Apply Eligibility Check: Ensure your project or initiative aligns with the EDD’s objectives and criteria. Application Form: Complete the EDD Grant Application Form with all required details. Supporting Documents: Prepare and attach all necessary supporting documents,...

Periodic Work Permit Application

Purpose and Specifications A Periodic Work Permit is to be used by employers seeking to hire non-resident individuals who will make multiple visits to the Island over an extended period, staying no more than thirty (30) days for each visit. Advertising is not required. The Periodic Work Permit holder shall not be in Bermuda for more than a total of one hundred and eighty (180) days in any 12-month period and must only be coming to Bermuda to fulfil maintenance agreements, equipment warranties,..

Construction Permit and Operating Licence Application

To apply for a construction permit or operating licence for a controlled plant , you must complete the application and submit it with the appropriate fee. How to apply for a construction permit and operation licences for a controlled plant To complete this application, you will need to make sure you have the following information: Agent mailing address and contact information Details on proposed location of controlled plant Details on the type of controlled plant Information on electrical...

Landing Permit Application

Landing permits are issued to assist work permit holders who have a need to travel during the period of time when a new Standard Work Permit is being processed by the Department of Immigration on their behalf. In all cases, although the application has been submitted, there is no decision on the work permit at the time of travel. A landing permit provides proof that the work permit holder has a right of residence in Bermuda (after their work permit has expired) and allows the work permit holder.

Standard Work Permit Application

Purpose and Specifications The purpose of a Standard Work Permit is to allow all organizations in Bermuda to employ foreign nationals if they can demonstrate that a Bermudian, Spouse of a Bermudian, Belonger, Spouse of a Belonger, or PRC holder was not suitably qualified or available to be hired. Employers may apply for Standard Work Permits of one (1), two (2), three (3), four (4) or five (5) years. Eligibility Employers are permitted to apply for Standard Work Permits for jobs that are in the.

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Get a Family Office Work Permit

Purpose and Specifications A Family Office Work Permit allows a Family company that is new to Bermuda to receive automatic approval of five (5) work permits within the first six (6) months of obtaining the first Family Office Work Permit. For this purpose, a “Family Office” means a company, limited liability company, partnership or other legal entity incorporated, registered or established on behalf of, or for the benefit of, a single family (the family clients) for the purpose of managing the..

Get a Fintech Business Work Permit

Purpose and Specifications A Fintech Business Work Permit allows a Fintech company that is new to Bermuda to receive immediate approval of five (5) work permits within the first six (6) months of obtaining the first Fintech Business Work Permit. Work permits which are applied for within the first 6 months do not need to be advertised. Employers cannot apply for Fintech Business Work Permits for jobs which are deemed to be closed or restricted positions (see section 3.12), such as a front office.

Get a New Business Work Permit

Purpose and Specifications A New Business Work Permit allows an exempted company (per the definition in the Companies Act 1981 (“the Companies Act”)) that is new to Bermuda to receive automatic approval of work permits within the first nine (9) months of obtaining the first new business permit. The first New Business Work Permit must be applied for within the first 12 months of the business registration or incorporation. There is no need to advertise the positions (which is normally the...

Get a Periodic Work Permit for Travelling Salespersons

Traveling salespersons are not permitted to visit Bermuda to sell products without first obtaining a Periodic Permit. Applications for Periodic Permits in respect of travelling salespersons will be accepted from either (a) a local business acting as an agent or (b) from the Bermuda Chamber of Commerce (“the Chamber”). The Chamber will screen each application to determine if the product is already represented by a local firm and whether issuance of the permit will threaten that firm’s interests..

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Government Fiscal Performance Update
Ministerial Statement

Government Fiscal Performance Update

T he Ministerial Statements delivered today by the Premier and Minister of Finance, the Hon. E. David Burt, JP, MP entitled Government Fiscal Performance Update.

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