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: 63,867 (2021)
GDP: 7.287 billion USD (2021)
Corporate Tax Rate: 0%
Personal Income Tax Rate: 0%
Major Exports: Recreational Boats ($101M), Passenger and Cargo Ships ($73.1M), Trailers and semi-trailers, not mechanically propelled vehicles ($12.9M), Planes, Helicopters, and/or Spacecraft ($4.85M), and Mixed Mineral or Chemical Fertilizers ($4.79M), exporting mostly to Netherlands ($101M), Denmark ($73.1M), United States ($25.1M), Tanzania ($8.49M), and Zambia ($6.65M).
Major Imports: Passenger and Cargo Ships ($1.08B), Recreational Boats ($243M), Refined Petroleum ($84.8M), Railway Cargo Containers ($64.8M), and Cars ($26.2M), importing mostly from South Korea ($569M), Norway ($485M), United States ($460M), Seychelles ($235M), and China ($80.3M).
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
