In
Bermuda there are no taxes on profits, dividends
or income; there is no capital gains tax, no
withholding tax and no sales tax. Employees
pay some fairly minor taxes, and there are taxes
on property; customs duties can be significant
for immigrants. There are some exchange controls
for Bermuda residents, but these do not apply
to non-resident investors. There is 'stamp duty'
on Bermudan assets at death.
Non-resident
investors can therefore buy and sell shares
or fund units, make bank deposits etc without
fear of taxation of any kind. Specialised local
'exempt' companies and trusts are available
for those who wish to use Bermuda for asset
protection or for holding international assets,
and are equally free of taxation.
For
full information on the available types of corporate
entity, fees payable and the legal basis of
Bermudian business activity, see the Bermuda
Fact-File.
The
main types of investment available through Bermuda
are as follows:
-
INVESTMENT FUNDS
- LOCAL & INTERNATIONAL
EQUITIES
- HEDGE FUNDS
- BANK DEPOSITS
For contact details for the providers of financial
services in Bermuda visit the Bermuda
Services Directory.
