Bermuda
On this page you will find beneficial information regarding foreign direct investment in / trading with Bermuda. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Parliamentary Democracy
Population: 64,184 (2022)
GDP: 7.55 billion USD (2022)
Corporate Tax Rate: 0%
Personal Income Tax Rate: 0%
Major Exports: Mixed Mineral or Chemical Fertilizers ($15.9M), Recreational Boats ($5.9M), Hard Liquor ($5.38M), Nitrogenous Fertilizers ($4.12M), and Vaccines, blood, antisera, toxins and cultures ($2.76M), exporting mostly to Zambia ($17.5M), United States ($11.1M), Angola ($7.13M), France ($6.99M), and Tanzania ($5.76M).
Major Imports: Passenger and Cargo Ships ($605M), Refined Petroleum ($129M), Special Purpose Ships ($65.4M), Railway Cargo Containers ($62.8M), and Packaged Medicaments ($29.8M), importing mostly from United States ($555M), Norway ($310M), South Korea ($302M), China ($85.3M), and Canada ($77.2M).
National Chamber of Commerce: Bermuda Chamber of Commerce
Website: https://www.bermudachamber.bm/
Customs Agency: HM Customs Bermuda
Website: https://www.gov.bm/department/customs
