Economic development

Government initiatives and programmes to support economic growth, diversification, and investment in Bermuda.

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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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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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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...

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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,...

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...

Economic Investment Residential Certificate

Bermuda welcomes eligible persons to make expressions of interest in the Economic Investment Residential Certificate Programme. The Programme encourages and enables high net worth individuals to make substantial economic investments into Bermuda.

Workforce Development Online Services

Welcome to the Department of Workforce Development’s Online Services page. Here, you’ll find a collection of essential forms and applications designed to assist you with your career and professional development needs. Whether you’re seeking training opportunities, applying for financial assistance, or updating your job seeker profile, our convenient digital forms make it easy to access services anytime, anywhere.

Water Right Application

You must apply for a water right before constructing a well or borehole. You need approval from the Bermuda Environmental Authority before the well or borehole can be constructed. A well or borehole should be sited no closer than 20 feet from a cesspit and no closer than 10 feet from a neighbour's boundary. It is recommended that as a courtesy you notify your neighbours before arranging for a drilling rig to move in to your property. How to apply for a water right Download and complete the To...

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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...

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.

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2025 Annual Gross Domestic Product Publication
Press Release

2025 Annual Gross Domestic Product Publication

Minister of Economy and Labour presents an update on Bermuda’s economic performance, following the release of the 2025 Annual Gross Domestic Product report by the Department of Statistics.

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