Bermuda

Bermuda blends pink‑sand beaches with a finance‑driven economy. It levies no personal or corporate income tax, but makes up for it with payroll levies and social‑insurance contributions. Get your contracts, registrations and filings right, and you’ll tap into a stable workforce without the usual tax headaches.
Contractor Management
Payroll
Contractor of Record
EOR
Currency
Bermudian Dollar (BMD)
Payroll Frequency
Monthly (weekly or bi‑weekly)
Employer Taxes
9.1%

Overview

Population
~64,500
Language
English
Capital
Hamilton
Currency
Bermudian Dollar (BMD)
Country code
+1‑441
Min wage
BMD 16.40/hour
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
40 hours per week

Payroll

Salaried Employees
Time-Based Employees
13th Salary
  • Optional, employer’s choice
Avg employer tax

9.1%

Tax Breakdown

Payroll Tax (Employers):

Progressive rates for 2024/25:

≤ BMD 200K
1%
200–350K
2.5%
350–500K
5.25%
500–1M
7.5%
1M
10% (10.25 % for exempt sectors)

Payroll Tax (Employees):

Marginal rates on individual salaries:

Up to BMD 48K
0.5%
48–96K
9.25% 
96–200K
10%
200–500K
11.5%
500–1M
12.5%

Pension Contributions:

Weekly fixed amount of BMD 71.84 per employee
Split equally between employer and employee

VAT

VAT
  • None (does not impose VAT or sales tax)   
Tax Calculation for Bermuda
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
BD
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation
How it works

Onboarding Process

Onboarding in Bermuda typically includes the following steps to ensure a smooth transition for new hires:

Employment Contract

Draft in English. Spell out title, duties, pay rate, hours, leave entitlements, probation, notice terms and any benefits.

Registrations

Enrol each hire in the National Insurance Board before their first payday.

Payroll Setup

  • Calculate and withhold payroll tax and pension contributions each pay cycle.
  • Submit filings by the first week of the following month.

Document Collection

Gather photo ID, proof of address, bank details, pension‑fund number and work permit (if applicable).

Pre-boarding

Pre-boarding

Pre-boarding

Key Elements of an Employment Contract in Bermuda
When drafting an employment contract for employees in Bermuda, the following key elements should be included:

Personal Details

Name, contact information, and role of the employee.

Employee Leave Policies

Sick days
  • Eight days paid per year after one year, with a doctor’s note if absence exceeds two days.
Maternity leave
  • 13 weeks paid for employees with ≥1 year continuous service. Unpaid leave allowed otherwise.
Paternity leave
  • Five consecutive days paid after one year of service.

Bereavement Leave:

  • Three days paid for immediate‑family loss; five days if the funeral is overseas.

Weekly Rest:

  • At least 24 consecutive hours off every week.
Annual Leave
  • Two weeks paid after one year of service (three weeks after nine years is common practice).

10 Public holidays in Bermuda
1st
New Year's Day
18th
Good Friday
23rd
Bermuda Day
16th
National Heroes Day
31st
Emancipation Day
1st
Mary Prince Day
1st
Labour Day
11th
Remembrance Day
25th
Christmas Day
26th
Boxing Day

Termination Process

Notice period

  • Under six months: none
  • Six–12 months: one week or pay in lieu, plus one week’s severance
  • Over one year (non‑managerial): two weeks or pay in lieu
  • Over one year (managerial): four weeks or pay in lieu
  • More than ten years: eight weeks

Severance pay

  • Non‑managerial: two weeks’ pay per year of service (max 24 weeks)
  • More than ten years: three weeks’ pay per service year

Cause

  • Misconduct, performance or redundancy. Gross misconduct can lead to immediate dismissal without notice.

Probation Period

The law doesn’t set a fixed trial term. In practice, employers often use up to 12 months as probation, spelled out in the contract. During that time you can let someone go with minimal notice.

Personal Details

Name, contact information, and role of the employee.

_'s Booming Remote Workforce

Challenges of Remote Hiring in _

Simplifying Remote Hiring in _ with RemotePass 

Grow Your Team in Bermuda
with RemotePass

Skip the paperwork maze. RemotePass handles contracts, payroll‑tax filings, pension contributions and permit logistics so you can hire in Bermuda fast

Building and expanding a global workforce is seamless with RemotePass. Our platform simplifies the complexities of hiring, payroll, and compliance across over 150 countries, including Bermuda.

With RemotePass, you can quickly onboard international employees, manage payroll, ensure legal compliance, and provide competitive benefits—all from one place. Focus on growing your business while we handle the HR and legal intricacies.

Free 7-day trial

No credit card required

Cancel anytime

Let’s Chat

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Bermuda

Bermuda blends pink‑sand beaches with a finance‑driven economy. It levies no personal or corporate income tax, but makes up for it with payroll levies and social‑insurance contributions. Get your contracts, registrations and filings right, and you’ll tap into a stable workforce without the usual tax headaches.
Contractor Management
Payroll
Contractor of Record
EOR
العملة
Bermudian Dollar (BMD)
تردد الرواتب
Monthly (weekly or bi‑weekly)
ضرائب أصحاب العمل
9.1%

نظرة عامة

التركيبة السكانية
~64,500
اللغة
English
العاصمة
Hamilton
العملة
Bermudian Dollar (BMD)
رمز الاتصال الدولي
+1‑441
الحد الأدنى للأجور
BMD 16.40/hour
ساعات العمل
8 hours per day
أيام الأسبوع
Monday to Friday
ساعات العمل اسبوعيا
40 hours per week

الرواتب

الموظفون برواتب ثابتة
الموظفون بنظام الأجر الزمني
13th Salary
  • Optional, employer’s choice
متوسط ​​ضريبة صاحب العمل

9.1%

تحصيل الضرائب

Payroll Tax (Employers):

Progressive rates for 2024/25:

≤ BMD 200K
1%
200–350K
2.5%
350–500K
5.25%
500–1M
7.5%
1M
10% (10.25 % for exempt sectors)

Payroll Tax (Employees):

Marginal rates on individual salaries:

Up to BMD 48K
0.5%
48–96K
9.25% 
96–200K
10%
200–500K
11.5%
500–1M
12.5%

Pension Contributions:

Weekly fixed amount of BMD 71.84 per employee
Split equally between employer and employee

ضريبة القيمة المضافة

ضريبة القيمة المضافة
  • None (does not impose VAT or sales tax)   
حساب الضريبة في Bermuda
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
BD
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
تكلفة صاحب العمل
إجمالي تكلفة التوظيف الشهرية
GBP 9,633
إجمالي تكاليف الراتب الشهري
GBP 8,334
الضرائب والمساهمات المقدرة
GBP 8,334
تكلفة الموظف
صافي الراتب الشهري

GBP 5,137
الراتب الشهري الإجمالي
GBP 8,334
الضرائب المقدرة والضمان الاجتماعي
GBP 8,334
تكلفة صاحب العمل
إجمالي تكلفة التوظيف السنوية
GBP 9,633
إجمالي تكاليف الرواتب السنوية
GBP 8,334
الضرائب والمساهمات المقدرة
GBP 8,334
تكلفة الموظف
صافي الراتب السنوي

GBP 5,137
الراتب السنوي الإجمالي
GBP 8,334
الضرائب المقدرة والضمان الاجتماعي
GBP 8,334
اطلب عرض أسعار تفصيلي
كيف تعمل الخدمة

عملية الانضمام

تشمل عملية التوظيف في Bermuda عادة الخطوات التالية لضمان انتقال سلس للموظفين الجدد:

Employment Contract

Draft in English. Spell out title, duties, pay rate, hours, leave entitlements, probation, notice terms and any benefits.

Registrations

Enrol each hire in the National Insurance Board before their first payday.

Payroll Setup

  • Calculate and withhold payroll tax and pension contributions each pay cycle.
  • Submit filings by the first week of the following month.

Document Collection

Gather photo ID, proof of address, bank details, pension‑fund number and work permit (if applicable).

Pre-boarding

Pre-boarding

Pre-boarding

العناصر الأساسية في عقد العمل في Bermuda
عند إعداد عقد عمل للموظفين في Bermuda يجب تضمين العناصر الأساسية التالية:

Personal Details

Name, contact information, and role of the employee.

سياسات إجازات الموظفين

الإجازات المرضية
  • Eight days paid per year after one year, with a doctor’s note if absence exceeds two days.
إجازة الأمومة
  • 13 weeks paid for employees with ≥1 year continuous service. Unpaid leave allowed otherwise.
إجازة الأبوة
  • Five consecutive days paid after one year of service.

Bereavement Leave:

  • Three days paid for immediate‑family loss; five days if the funeral is overseas.

Weekly Rest:

  • At least 24 consecutive hours off every week.
الإجازة السنوية
  • Two weeks paid after one year of service (three weeks after nine years is common practice).

10 عطلات رسمية في Bermuda
1st
New Year's Day
18th
Good Friday
23rd
Bermuda Day
16th
National Heroes Day
31st
Emancipation Day
1st
Mary Prince Day
1st
Labour Day
11th
Remembrance Day
25th
Christmas Day
26th
Boxing Day

عملية إنهاء العقود

Notice period

  • Under six months: none
  • Six–12 months: one week or pay in lieu, plus one week’s severance
  • Over one year (non‑managerial): two weeks or pay in lieu
  • Over one year (managerial): four weeks or pay in lieu
  • More than ten years: eight weeks

Severance pay

  • Non‑managerial: two weeks’ pay per year of service (max 24 weeks)
  • More than ten years: three weeks’ pay per service year

Cause

  • Misconduct, performance or redundancy. Gross misconduct can lead to immediate dismissal without notice.

Probation Period

The law doesn’t set a fixed trial term. In practice, employers often use up to 12 months as probation, spelled out in the contract. During that time you can let someone go with minimal notice.

Personal Details

Name, contact information, and role of the employee.

نمو سوق العمل عن بُعد _  

تحديات التوظيف عن بُعد في  _

تبسيط التوظيف عن بُعد في _ مع ريموت باس

نمِّ فريقك في Bermuda
مع ريموت باس

Skip the paperwork maze. RemotePass handles contracts, payroll‑tax filings, pension contributions and permit logistics so you can hire in Bermuda fast

يصبح بناء فريق عالمي وتوسيعه مهمة سهلة مع ريموت باس. منصتنا تبسّط تعقيدات التوظيف والرواتب والامتثال القانوني في أكثر من 150 دولة، بما في ذلك Bermuda.

مع ريموت باس، يمكنك ضم الموظفين الدوليين بسرعة، وإدارة الرواتب، وضمان الامتثال القانوني، وتقديم مزايا تنافسية — كل ذلك من مكان واحد. ركّز على تنمية أعمالك، ودع المهام الإدارية والقانونية علينا.

تجربة مجانية لمدة 7 أيام

لا حاجة لبطاقة ائتمان

يمكنك الإلغاء في أي وقت

دعنا نَدْرُدْش

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.