{"id":11410,"date":"2022-08-02T19:25:40","date_gmt":"2022-08-02T23:25:40","guid":{"rendered":"https:\/\/trendingsimple.com\/tax-considerations-investing-company-based-bermuda\/"},"modified":"2022-08-02T19:25:40","modified_gmt":"2022-08-02T23:25:40","slug":"tax-considerations-investing-company-based-bermuda","status":"publish","type":"post","link":"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/","title":{"rendered":"What are the tax considerations of investing in a company based in bermuda"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 ez-toc-wrap-center counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#there-are-no-income-tax-filing-requirements-as-there-is-no-income-tax-instead-bermuda-has-a-consumption-tax-payable-by-both-employer-and-employee-the-employer-is-responsible-for-the-payment-and-filing-of-payroll-tax-the-payroll-tax-rates-act-1995-governs-the-payroll-tax-rates\" title=\"There are no income tax filing requirements as there is no income tax, instead Bermuda has a consumption tax payable by both employer and employee. The employer is responsible for the payment and filing of payroll tax. The Payroll Tax Rates Act 1995 governs the payroll tax rates.\">There are no income tax filing requirements as there is no income tax, instead Bermuda has a consumption tax payable by both employer and employee. The employer is responsible for the payment and filing of payroll tax. The Payroll Tax Rates Act 1995 governs the payroll tax rates.<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#does-bermuda-have-an-income-tax-treaty-with-the-us\" title=\"Does Bermuda have an income tax treaty with the US?\">Does Bermuda have an income tax treaty with the US?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#does-bermuda-have-a-corporate-tax\" title=\"Does Bermuda have a corporate tax?\">Does Bermuda have a corporate tax?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#do-you-pay-tax-on-company-investment\" title=\"Do you pay tax on company investment?\">Do you pay tax on company investment?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#what-is-the-corporate-tax-rate-in-bermuda\" title=\"What is the corporate tax rate in Bermuda?\">What is the corporate tax rate in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#is-bermuda-still-a-tax-haven\" title=\"Is Bermuda still a tax haven?\">Is Bermuda still a tax haven?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#why-do-companies-set-up-in-bermuda\" title=\"Why do companies set up in Bermuda?\">Why do companies set up in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#what-is-an-exempted-company-bermuda\" title=\"What is an exempted company Bermuda?\">What is an exempted company Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#what-does-ltd-mean-in-bermuda\" title=\"What does Ltd mean in Bermuda?\">What does Ltd mean in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#is-bermuda-considered-offshore\" title=\"Is Bermuda considered offshore?\">Is Bermuda considered offshore?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#why-is-bermuda-so-wealthy\" title=\"Why is Bermuda so wealthy?\">Why is Bermuda so wealthy?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#can-i-set-up-a-company-in-bermuda\" title=\"Can I set up a company in Bermuda?\">Can I set up a company in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#can-a-non-resident-open-a-bank-account-in-bermuda\" title=\"Can a non-resident open a bank account in Bermuda?\">Can a non-resident open a bank account in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#how-do-i-open-an-offshore-account-in-bermuda\" title=\"How do I open an offshore account in Bermuda?\">How do I open an offshore account in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#can-a-us-citizen-open-a-bank-account-in-bermuda\" title=\"Can a US citizen open a bank account in Bermuda?\">Can a US citizen open a bank account in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#how-do-i-withdraw-money-from-my-offshore-account\" title=\"How do I withdraw money from my offshore account?\">How do I withdraw money from my offshore account?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#which-country-is-best-for-offshore-account\" title=\"Which country is best for offshore account?\">Which country is best for offshore account?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#what-banks-do-millionaires-use\" title=\"What banks do millionaires use?\">What banks do millionaires use?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#how-much-money-can-i-transfer-without-being-flagged\" title=\"How much money can I transfer without being flagged?\">How much money can I transfer without being flagged?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#can-irs-see-your-bank-account\" title=\"Can IRS see your bank account?\">Can IRS see your bank account?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#how-can-i-hide-money-in-my-bank-account\" title=\"How can I hide money in my bank account?\">How can I hide money in my bank account?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#how-do-you-explain-a-large-deposit\" title=\"How do you explain a large deposit?\">How do you explain a large deposit?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#do-i-have-to-prove-where-my-deposit-came-from\" title=\"Do I have to prove where my deposit came from?\">Do I have to prove where my deposit came from?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#do-banks-flag-large-check-deposits\" title=\"Do banks Flag large check deposits?\">Do banks Flag large check deposits?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#what-size-deposit-triggers-irs\" title=\"What size deposit triggers IRS?\">What size deposit triggers IRS?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/#how-much-money-can-you-deposit-in-a-bank-without-getting-reported-2022\" title=\"How much money can you deposit in a bank without getting reported 2022?\">How much money can you deposit in a bank without getting reported 2022?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"there-are-no-income-tax-filing-requirements-as-there-is-no-income-tax-instead-bermuda-has-a-consumption-tax-payable-by-both-employer-and-employee-the-employer-is-responsible-for-the-payment-and-filing-of-payroll-tax-the-payroll-tax-rates-act-1995-governs-the-payroll-tax-rates\"><\/span>There are no income tax filing requirements as there is no income tax, instead Bermuda has a consumption tax payable by both employer and employee. The employer is responsible for the payment and filing of payroll tax. The Payroll Tax Rates Act 1995 governs the payroll tax rates.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"does-bermuda-have-an-income-tax-treaty-with-the-us\"><\/span>Does Bermuda have an income tax treaty with the US?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Tax treaties Bermuda has a tax treaty with the United States, which was signed in 1986 and entered into force in 1988.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"does-bermuda-have-a-corporate-tax\"><\/span>Does Bermuda have a corporate tax?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There is no corporate income tax in Bermuda. There is no corporate income tax in Bermuda. Neither residents nor nonresidents are subject to income, withholding, or capital gains taxes in Bermuda. There is no individual income tax in Bermuda.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"do-you-pay-tax-on-company-investment\"><\/span>Do you pay tax on company investment?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Taxation of investments Companies are subject to corporation tax on the income and gains they receive from the investments they make.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-is-the-corporate-tax-rate-in-bermuda\"><\/span>What is the corporate tax rate in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A 7 per cent<\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-bermuda-still-a-tax-haven\"><\/span>Is Bermuda still a tax haven?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda is considered a tax haven; however, Bermuda does levy a number of taxes, such as a payroll tax on employers and land taxes. There is no corporate income tax in Bermuda, and a company is considered a tax resident of Bermuda if it is incorporated in the country.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"why-do-companies-set-up-in-bermuda\"><\/span>Why do companies set up in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A growing number of American companies, encouraged by their financial advisers, are incorporating in Bermuda to lower their taxes sharply without giving up the benefits of doing business in the United States. Insurance companies led the way, but now manufacturers and other kinds of companies are following.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-is-an-exempted-company-bermuda\"><\/span>What is an exempted company Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>An exempted company (\u201c\u201cexempted company\u201d\u201d) is a company, which is &#34;exempted&#34; from the requirements imposed on local companies by the Bermuda Companies Act 1981 (the \u201c\u201cCompanies Act\u201d\u201d), in particular the requirement that at least 60&#37; of the equity of a company must be owned and controlled by Bermudians.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-does-ltd-mean-in-bermuda\"><\/span>What does Ltd mean in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Limited company<\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-bermuda-considered-offshore\"><\/span>Is Bermuda considered offshore?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda is an internationally respected offshore financial centre and recently achieved coveted EU Solvency II equivalency, which served as validation of the quality and sophistication of regulation by the Bermuda Monetary Authority.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"why-is-bermuda-so-wealthy\"><\/span>Why is Bermuda so wealthy?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda now has the fourth highest per capita incomes in the world, primarily fueled by offshore financial services for non-resident firms, especially offshore insurance and reinsurance, and tourism.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-i-set-up-a-company-in-bermuda\"><\/span>Can I set up a company in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda prides itself on its speed of incorporation and small private companies can be up and running in a matter of just a few weeks. Here are a few things to consider when setting up operations. Costs: Expect to pay around $18,000 for the entire company set-up process.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-a-non-resident-open-a-bank-account-in-bermuda\"><\/span>Can a non-resident open a bank account in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermudian banks will need the following documents to open a non-resident account for a natural person: proof of identity (government-issued identification stating full name, date of birth, including a unique reference number) proof of residential address (for example, utility bill, rental agreement)Jun 6, 2022<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-do-i-open-an-offshore-account-in-bermuda\"><\/span>How do I open an offshore account in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>You will typically need to provide certified identity documents, references, statements of the purpose of the account, and proof of address. However, you should check with your bank to see if you need to provide any additional information.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-a-us-citizen-open-a-bank-account-in-bermuda\"><\/span>Can a US citizen open a bank account in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Choosing a bank to open an account with Instead, all banks must be tied to Bermuda&#39;s local economy, which means that their headquarters must be based on the island, they must be (majority) owned and run by Bermudians, and they must be registered in Bermuda.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-do-i-withdraw-money-from-my-offshore-account\"><\/span>How do I withdraw money from my offshore account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Withdrawals from an offshore account can be made by customers by using a credit card or debit card. When you open an offshore account, you can request a VISA or MasterCard debit or credit card so that you can make purchases or withdrawals of cash.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"which-country-is-best-for-offshore-account\"><\/span>Which country is best for offshore account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>5 Best Countries to Open Offshore Bank Accounts<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-banks-do-millionaires-use\"><\/span>What banks do millionaires use?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bank of America, Citibank, Union Bank, and HSBC, among others, have created accounts that come with special perquisites for the ultra-rich, such as personal bankers, waived fees, and the option of placing trades. The ultra rich are considered to be those with more than $30 million in assets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-much-money-can-i-transfer-without-being-flagged\"><\/span>How much money can I transfer without being flagged?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>How much money can you wire without being reported? Financial institutions and money transfer providers are obligated to report international transfers that exceed $10,000. You can learn more about the Bank Secrecy Act from the Office of the Comptroller of the Currency.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-irs-see-your-bank-account\"><\/span>Can IRS see your bank account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Short Answer: Yes. The IRS probably already knows about many of your financial accounts, and the IRS can get information on how much is there. But, in reality, the IRS rarely digs deeper into your bank and financial accounts unless you&#39;re being audited or the IRS is collecting back taxes from you.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-can-i-hide-money-in-my-bank-account\"><\/span>How can I hide money in my bank account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is one that will keep you from getting put behind bars i. Think one of the easiest. Ways. And<\/p>\n<p><iframe loading=\"lazy\" frameborder=\"0\" scrolling=\"no\" marginheight=\"0\" marginwidth=\"0\" width=\"600\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/Zfc0hRFPjLw?autoplay=0&#038;fs=0&#038;iv_load_policy=3&#038;showinfo=0&#038;rel=0&#038;cc_load_policy=0&#038;start=0&#038;end=0\"><\/iframe><\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-do-you-explain-a-large-deposit\"><\/span>How do you explain a large deposit?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>What is a large deposit? A \u201clarge deposit\u201d is any out-of-the-norm amount of money deposited into your checking, savings, or other asset accounts. An asset account is any place where you have funds available to you, including CDs, money market, retirement, and brokerage accounts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"do-i-have-to-prove-where-my-deposit-came-from\"><\/span>Do I have to prove where my deposit came from?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It&#39;s sometimes possible to get a deal in principle without proving where your deposit funds came from, but this a non-binding agreement and is by no means a mortgage guarantee.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"do-banks-flag-large-check-deposits\"><\/span>Do banks Flag large check deposits?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In some cases, your bank or credit union may flag several of your deposits as excessively large, or they may flag multiple transactions as suspicious. If the IRS determines that your financial activity relates to an attempt to avoid taxes, the agency can pursue a process known as civil forfeiture.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-size-deposit-triggers-irs\"><\/span>What size deposit triggers IRS?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Banks and financial institutions must report any cash deposit exceeding $10,000 to the IRS, and they must do it within 15 days of receipt. Of course, it&#39;s not as cut and dried as simply having to report one large lump sum of money.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-much-money-can-you-deposit-in-a-bank-without-getting-reported-2022\"><\/span>How much money can you deposit in a bank without getting reported 2022?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you deposit more than $10,000 cash in your bank account, your bank has to report the deposit to the government. The guidelines for large cash transactions for banks and financial institutions are set by the Bank Secrecy Act, also known as the Currency and Foreign Transactions Reporting Act.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are no income tax filing requirements as there is no income tax, instead Bermuda has a consumption tax payable by both employer and employee. The employer is responsible for the payment and filing of payroll tax. The Payroll Tax Rates Act 1995 governs the payroll tax rates. Does Bermuda have an income tax treaty [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What are the tax considerations of investing in a company based in bermuda - Trending Simple<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trendingsimple.com\/bermuda\/tax-considerations-investing-company-based-bermuda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What are the tax considerations of investing in a company based in bermuda - Trending Simple\" \/>\n<meta property=\"og:description\" content=\"There are no income tax filing requirements as there is no income tax, instead Bermuda has a consumption tax payable by both employer and employee. The employer is responsible for the payment and filing of payroll tax. The Payroll Tax Rates Act 1995 governs the payroll tax rates. 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