Income Tax

In Bermuda, there are no taxes on profits, income, dividends, or capital gains, nor are there withholding taxes on these concepts. Profits can be accumulated, and it is not mandatory to pay dividends. In the event that direct taxes are applied, there is the possibility of accessing legal stability contracts until the year 2035. Recently, a law was passed that enacted a 15% corporate income tax (CIT), which will be optional in 2025 for large multinational enterprises (MNEs).