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The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
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Per the recent Contributory Pensions Temporary Amendment Act 2020, the Department of Social Insurance wishes to advise the public that the employee option of choosing a social insurance contribution suspension will be made effective July 1, 2020, and terminates on June 3
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Where an importer applies to Customs for duty relief, duty deferment or duty suspension (bonded warehousing) or has some other specific obligation, Customs may ask for security.
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When goods are discharged from CPC 5000 by diversion to home use, a surcharge will be payable in addition to the import duty due.
The surcharge is calculated by multiplying the amount of deemed units for duty (i.e. BCD Field 27c - Value for Tax) by the relevant duty rate.
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Introduction
Importers may apply to Customs to defer duty payment on goods for business purposes.
Import duty is normally payable when goods are—
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OFFICE OF THE REGISTRAR OF COMPANIES
Industry Notice
Coronavirus (COVID-19)
March 18, 2020
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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.
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The Economic Substance Amendment (No.
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The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
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All documents are 8.5 ht x 14.0 wd in inches (215.9 x 355.6 mm)
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The Employment (Maternity Leave Extension and Paternity Leave) Amendment Act takes effect January 1, 2020 and:
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Local Companies
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The budget statement delivered on Friday, February 22, 2019 by the Hon. Curtis L. Dickinson, JP, MP resulted in the following changes to be implemented by the Office of the Tax Commissioner. All changes will be effective from April 1, 2019 unless stated otherwise.
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Bermuda has committed itself to implementing and maintaining a robust framework to combat money laundering and terrorist financing.
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Law
The Liquor License Act 1974 (the “Act”) is the law that governs the granting of liquor licenses, the conduct of licensed premises, and the punishment of individuals/companies that break the law.
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The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
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December 2018 Exchange Rates
Currency
December 6th - 12th
December 13th - 19th
December 20th - 27th
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The Tax Reform Commission was formed under the Tax Reform Act 2017 with the objective of advising the Government of any measures to improve Bermuda’s system of taxation and revenue collection, in accordance with the functions set out in section 5 of the Act and the Terms of Reference prescribed b
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Persons wishing to register a Privately Funded Charity or Charitable Trust must complete an Application to register a Privately Funded Charity or a Charitable Trust
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Quick links
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December 2017 Exchange Rates
Currency
Dec. 7th - 13th
Dec. 14th - 20th
Dec. 21st - 27th
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The Foreign Exchange Rates shown below illustrates the amount of Bermuda Dollars required for buying one unit of foreign currency.
December 2016 Exchange Rates
Currency
December 1 - 7
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The Foreign Exchange Rates shown below illustrates the amount of Bermuda Dollars required for buying one unit of foreign currency.
December 2015 Exchange Rates
Currency
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To date, no targets have been designated.
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Steps to apply for a Vacation Rental Certificate:
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Income data and household spending are also surveyed in Bermuda to reveal trends in how Bermudians spend their money. This survey and its subsequent report are released periodically, with the most recent in 2013.
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Monthly
Consumer Price Index
Retail Sales Index
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Balance of payments and international investment position
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The information and communications technology (ICT) sector contributed over $200 million to Bermuda’s GDP in 2014. These figures are updated and released yearly.
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Bermuda’s tourism sector provides hundreds of millions of dollars in government revenue. Tourism statistics are released each year as a “Tourism Satellite Account.”
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Compiled by the Economics Division of the Department of statistics, the Quarterly Bulletin of Statistics (QBS) is a summary report and contains some of the quarterly data collected by the Department. Statistics included in this report are imports to Bermuda, overseas declarations by Bermuda’s re
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Economic Activity Survey (EAS) User Guide Industries 011-14
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What you need to know about Financial Services Tax (FST)
Financial Services Tax is a tax charged on the following financial services providers with rates effective from April 1, 2019:
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Setting Up a Business in Bermuda
There are a few options for setting up a business in Bermuda. Your options depend on the nature of your business activities and whether you wish to conduct business in the local market.
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Setting Up a Business in Bermuda
There are a few options for setting up a business in Bermuda. Your options depend on the nature of your business activities and whether you wish to conduct business in the local market.
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Setting Up a Business in Bermuda
There are a few options for setting up a business in Bermuda. Your options depend on the nature of your business activities and whether you wish to conduct business in the local market.
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Setting Up a Business in Bermuda
There are a few options for setting up a business in Bermuda. Your options depend on the nature of your business activities and whether you wish to conduct business in the local market.
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There are a few options for setting up a business in Bermuda. Your options depend on the nature of your business activities and whether you wish to conduct business in the local market.
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Our Labour Relations Section (“the Section”) oversees the certification and decertification of unions in the workplace, and manages labour disputes in both unionised and non-unionised environments.
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Here you will find information relating to the 2017/2018 Budget.
Budget Press Conference Remarks
www.gov.bm/articles/budget-press-conference-remarks
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This Pre-budget Report (PBR) is a policy statement issued by the Government prior to the release of the budget.
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The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
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The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
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The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
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Bermuda is a leader on tax transparency
Bermuda is different from other international finance centres due to its high level of transparency, compliance, cooperation and exchange of information.
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To: All Real Estate Brokers and Agents
The Superintendent of Real Estate hereby advises that existing real estate broker and agent licenses will expire on 30 November 2017. The receipt of real estate license applications will commence on 14 November 2017.
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Progressive Payroll Tax 2018-19 FAQ’s
Example FAQS
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Here you will find information relating to the 2020 - 2021 Budget.
Budget Statement
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Who can register as an architect
In order to qualify for registration as an architect, an applicant must:
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The Registry General maintains the
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The Registry General maintains the Register of Surveyors and publishes a list of the surveyors who are registered in the Royal Gazette in January of each year.
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To: All Corporate Service Providers – section 92B Companies Act 1981
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Transparency
OECD Common Reporting Standard is in effect from 2016, with 2017 reporting.
OECD Country-by-Country Reporting has been adopted for 2016, with 2017 reporting.
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On 29 June 29 2016 stakeholders from the Energy Industry participated in the Government of Bermuda’s Second Annual Energy Summit titled, Powering Our Success.
The Summit was opened by the Minister of Economic Development, Dr. the Hon. E. Grant Gibbons, JP, MP.
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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.
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All residents of Bermuda now enjoy the right to informational privacy, or the right to protect their personal information. Many countries recognize this as an important human right and have developed laws to protect individuals’ personal information.
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Bermuda’s Government Agricultural Service Centre offers a variety of services and products to registered Bermudian farmers and fishermen.
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There may be opportunities for your company to provide goods, services or works to the Government of Bermuda, either through a direct contract or by becoming a subcontractor.
View the list of Procurement Notices
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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.
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To work in Bermuda, you must be Bermudian, married to a Bermudian, or be a Permanent Resident’s Certificate (PRC) holder. If you are not you must have a valid work permit.
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If an employer intends to continue to employ a work permit holder in the same job beyond the expiry date of the current work permit, they must apply for a new permit.
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If you hire a worker who is not a Bermudian or married to one, or someone who is not a Permanent Resident’s Certificate (PRC) holder, they will need a work permit to work in Bermuda.
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Taxes and other expenses in Bermuda must be paid to the Account General, who receives payments for all of the following:
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Everyone who works in Bermuda makes contributions to their pension fund. You can access your pension fund at the age of 65.
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There are several steps you should follow in setting up a charity:
1. Find trustees who will be willing to take responsibility for administering the charity.
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If you provide products or perform services for the Government of Bermuda, you must submit your invoice or request for payment to the applicable department.
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Bermuda is an ideal environment for business. It boasts excellent fiber optic connections, a talented service pool, a robust IT, legal and regulatory framework, and significant access to capital for investment and expansion.
